China is ending its annual Congress with questions open over how to revive its slowing economy
2 weeks ago

China is ending its annual Congress with questions open over how to revive its slowing economy

New Indian Express  

BEIJING: China is wrapping up its biggest political event of the year on Tuesday, leaving one question unanswered: How far will it go to try to revive economic growth in 2025? A recurring theme throughout the weeklong meeting of the nearly 3,000-member National People’s Congress was the need to boost investment and consumer spending. The meeting ended Tuesday in the absence of top political leader Zhao Leji, who serves as chairman of the Standing Committee of the National People’s Congress. China holds back on major stimulus — for now The Congress opened with the announcement of an economic growth target of "about 5%” for this year, a level that analysts said would be difficult to achieve with the measures detailed during this year's Congress.

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History of this topic

Deja vu: Xi Jinping's New Year speech won't tell a new story on economy
3 months ago

Deja vu: Xi Jinping's New Year speech won't tell a new story on economy

Firstpost  

As China faces mounting economic challenges, Xi Jinping’s upcoming speech is unlikely to offer a departure from last year’s promises of recovery and growth Last year, President Xi Jinping addressed China’s economic struggles during his New Year’s Eve speech. Waning power of stimulus China’s economic strength in the past often came from aggressive government stimulus, especially during crises like the …

U.S.-China officials to meet on economy, aim to ease tension
2 years, 2 months ago

U.S.-China officials to meet on economy, aim to ease tension

The Hindu  

U.S. Treasury Secretary Janet Yellen sits down with her Chinese counterpart on January 18 in the highest-ranking contact between the two countries since their Presidents agreed to look for ways to improve relations that have grown increasingly strained in recent years. “A wrong policy move or a reversal in the positive data and we could see the global economy head …

China says stable economy ‘crucial’ political issue in 2022
3 years, 2 months ago

China says stable economy ‘crucial’ political issue in 2022

Al Jazeera  

Official says ‘all regions and departments’ must help stabilise economy ahead of key Communist Party meeting. Ensuring that China’s economy remains stable before a twice-a-decade meeting of the ruling Communist Party is “crucial,” a top policymaker says, a sign of the outsize role the event will play in the nation this year. “All regions and departments must take responsibility for …

China back to business as coronavirus-delayed congress meets
4 years, 10 months ago

China back to business as coronavirus-delayed congress meets

Al Jazeera  

China’s parliament starts its annual meeting in Beijing on Friday as President Xi Jinping’s government seeks to show the Chinese people – and the world – that it has controlled the coronavirus pandemic that delayed the key political event by more than two months and can do what is needed to revive the economy. “The current pandemic has weakened his …

China Two Sessions: Beijing needs to create jobs fast. Here’s what it could do
4 years, 10 months ago

China Two Sessions: Beijing needs to create jobs fast. Here’s what it could do

CNN  

Hong Kong CNN Business — China’s biggest political gathering of the year is finally taking place after a two-month delay. This year’s “Two Sessions” meeting kicks off Thursday with a gathering of top political advisers to the ruling Communist Party. Li’s report will be particularly notable this year because of the pandemic and the deterioration of the US-China relationship, wrote …

China must continue path of reform, opening-up
5 years, 9 months ago

China must continue path of reform, opening-up

China Daily  

By Justin Yifu Lin | China Daily Global | Updated: 2019-06-11 09:23 The escalating China-US trade friction is drawing the world's attention, with the US accusing China of unfair competition. In international trade, some countries have a surplus, such as China, whose surplus stood at 2.6 percent last year, while others, like the US, have a huge deficit. Lawrence Summers, …

China’s Position on the China-US Economic and Trade Consultations
5 years, 9 months ago

China’s Position on the China-US Economic and Trade Consultations

China Daily  

US trade bullying harms the world Economic globalization is a firmly-established trend of the times. With the shadow of the international financial crisis still lingering over the global economy, the US government has escalated economic and trade friction and hiked additional tariffs, provoking corresponding measures by the countries involved. Demonstrating great goodwill and positive efforts, China held several rounds of …

China says agreed with US to keep talking over trade war
5 years, 10 months ago

China says agreed with US to keep talking over trade war

Live Mint  

Beijing/Washington: China and the United States have agreed to keep talking about their trade dispute, the Chinese government said on Tuesday, as US President Donald Trump said he thought recent discussions in Beijing would be successful. "So you absolutely can't put the hat on China of reversing positions and going back on one's promises," Geng said, adding China has shown …

GDP: Friday’s report looked like a drag just a few months ago. Not anymore
5 years, 11 months ago

GDP: Friday’s report looked like a drag just a few months ago. Not anymore

CNN  

New York CNN Business — Just a few months ago, forecasters saw trouble ahead for the American economy. “People tend to fear bad news more than they appreciate good news,” saidRobert Frick, corporate economist with Navy Federal Credit Union, explaining the turnaround. “Even though you knew it was going to be a temporary thing — the shutdown was over, the …

China will continue to make its contribution
7 years, 5 months ago

China will continue to make its contribution

China Daily  

A technician inspects the surface of a stainless steel component at a factory of Shanxi-based Taiyuan Iron and Steel Co, which is staking its future on research and development efforts. Amid a time of lingering global economic recession, China has remained the world's major economic engine－contributing one-third of global growth－despite its restructuring pains ranging from cutting excess production capacity to …

Economy the top job for political meetings
8 years, 1 month ago

Economy the top job for political meetings

China Daily  

Editor's note: This is the second story in a series of previews on the "two sessions"-the annual gatherings of the nation's top legislature and its top body of political advisers. Economic topics are expected to dominate the annual national legislative and political consultative sessions in March, with the focus likely to include supply-side reforms, growth prospects, real estate, debts and …

Trade, investment issues to be tackled at high-level China-US dialogue
8 years, 9 months ago

Trade, investment issues to be tackled at high-level China-US dialogue

China Daily  

China and the United States will kick off their annual high-level meeting early next month in Beijing, to address a set of serious bilateral economic and security issues. Sheets said the US will engage China on a number of key issues this year, including excess global industrial capacity, investment liberalization and macroeconomic rebalancing. Sheets said the two authorities are discussing …

Hopes voiced for next five years[1]- Chinadaily.com.cn
9 years ago

Hopes voiced for next five years[1]- Chinadaily.com.cn

China Daily  

The sessions begin on Thursday, with the annual gathering of political advisers from the National Committee of the Chinese People's Political Consultative Conference, followed on Saturday by the annual session of the National People's Congress, the top legislature. This is on top of hearing Premier Li Keqiang's Government Work Report on accomplishments in the past year and on what the …

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