China's Economic Crisis Forces a Shift in Foreign Policy: Expert
1 month, 3 weeks ago

China's Economic Crisis Forces a Shift in Foreign Policy: Expert

India Today  

China's economic crisis is forcing the country to adopt a more cooperative stance in international relations. The world's second-largest economy is grappling with economic challenges, with provincial governments facing bankruptcy and the real estate sector collapsing. However, manufacturing remains the only bright spot in China's economy, with factories overproducing and leading to political backlash from trading partners worldwide. This shift towards a more cooperative approach is evident in the recent meeting between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi, which signals a thaw in relations but experts suggest it might be temporary. The economic situation has also influenced China's role in BRICS, the economic bloc that includes Brazil, Russia, India, China, and South Africa, which recently expanded to include four new members. The group is gaining importance as a platform for Global South cooperation, though member countries maintain varying relationships with Western nations.

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History of this topic

China eases monetary policy stance, vows more fiscal support
2 weeks, 1 day ago

China eases monetary policy stance, vows more fiscal support

Live Mint  

China’s top leaders plan to loosen monetary policy and expand fiscal spending next year, as Beijing braces for a second trade war when Donald Trump takes office next month. The 24-man Politburo led by President Xi Jinping announced it will embrace a “moderately loose” strategy for monetary policy in 2025, marking its first major shift in stance since 2011. The …

Firm confidence in prospects of economy: China Daily editorial
Trending News
2 weeks, 1 day ago

Firm confidence in prospects of economy: China Daily editorial

China Daily  

A view of Beijing's CBD area on Aug 19, 2022. That also explains the great attention paid to the "1+10" Dialogue Chinese Premier Li Qiang hosted in Beijing on Monday with the heads of 10 international economic organizations, including the World Bank, the International Monetary Fund, the World Trade Organization and the Bank for International Settlements, under the theme of …

China has been plunged into a major financial crisis - this is how it could damage the investments in YOUR pension or Isa: JOHN-PAUL FORD ROJAS
1 month, 3 weeks ago

China has been plunged into a major financial crisis - this is how it could damage the investments in YOUR pension or Isa: JOHN-PAUL FORD ROJAS

Daily Mail  

China is in a major economic crisis - perhaps the most serious since it set out on its dizzying trajectory of economic growth more than four decades ago. The People's Bank of China is taking action against a screeching slowdown in economic growth by cutting interest rates and offering more support to banks and the housing sector 'It is fair …

China’s inward turn: A path to stability or stagnation?
4 months, 4 weeks ago

China’s inward turn: A path to stability or stagnation?

Firstpost  

China’s obsession with control is backfiring. As its economy sputters, corruption plagues its military, and its global ambitions falter, the cracks in China’s facade are widening The Chinese Communist Party’s third plenary session concluded amidst fervent discourse on self-reliance and national security. While bolstering domestic industries is a key aim, this strategy masks profound economic contradictions and systemic vulnerabilities that …

Xi Jinping sets the course for China's economy for the next decade as he prepares for a fourth term
5 months ago

Xi Jinping sets the course for China's economy for the next decade as he prepares for a fourth term

ABC  

The conclusion of the Chinese Communist Party's 20th Third Plenum marks a significant moment in Chinese politics, as Xi Jinping appears to be laying the groundwork for an unprecedented fourth term. The Third Plenum's communiqué sets a reform deadline of 2029 and emphasises the decisive significance of the "Two Establishes", which solidify Xi's core position in the Party and the …

China's reform efforts hailed by execs, experts
6 months, 3 weeks ago

China's reform efforts hailed by execs, experts

China Daily  

A staff member checks optoelectronics products at a tech firm in Kunshan, Jiangsu province, on May 15, 2024. "Deepening reforms, particularly institutional reforms, will help remove obstacles and difficulties hindering the development of new quality productive forces and promote optimal allocation and free flow of production factors including capital, technology and labor," said Liu Quanhong, director of the industrial and …

Chinese economy will continue to defy its ill-intentioned critics
8 months, 1 week ago

Chinese economy will continue to defy its ill-intentioned critics

China Daily  

A view of the Huangpu River in Shanghai. Nicholas R. Lardy, senior fellow at the Peterson Institute for International Economics, published an article on the website of Foreign Affairs last week titled "China Is Still Rising-Don't Underestimate the World's Second-Biggest Economy", arguing that the US academics' recent view of China already peaking as an economic power underestimates the resilience of …

Chinese economy belies scaremongers: China Daily editorial
9 months ago

Chinese economy belies scaremongers: China Daily editorial

China Daily  

The high growth rate the Chinese economy maintained for the majority part of the past four decades seems to have made some take it for granted. They therefore view the 5.2 percent year-on-year growth of the Chinese economy last year from a glass-half-empty perspective. Yet China's economic growth rate is markedly higher than those of other major economies, including the …

Experts' takes on Chinese economy in 2023
1 year ago

Experts' takes on Chinese economy in 2023

China Daily  

Editor's note: China's economic growth has supported global economic recovery, given that China is on a steady growth path among the world's major economies this year. MA XUEJING/CHINA DAILY Worries about China's reform unwarranted China's uneven recovery this year has raised the question of whether the Chinese economy is losing steam. The decline of foreign direct investment this year has …

We must not over-interpret China's grand moves of diplomacy on the world stage
1 year ago

We must not over-interpret China's grand moves of diplomacy on the world stage

Live Mint  

If recent diplomatic activities are to be believed, China is bouncing back from the wilderness as more and more major actors on the world stage try to reset their engagement with Beijing. The very concept of the ‘Indo-Pacific’ became a zone of contestation with China resisting the rest of the world’s attempt to frame this broad region as central to …

What does easing of Sino-US ties signify?
1 year, 1 month ago

What does easing of Sino-US ties signify?

China Daily  

MA XUEJING/CHINA DAILY High-level interactions between China and the United States have increased in recent months, fostering a warmer atmosphere. The US side has stressed it does not seek "decoupling" from China, and the Joe Biden administration has extended the agreement between the two countries on cooperation in science and technology by six months. First, Biden's moves are in response …

What does easing of Sino-US ties signify?
1 year, 1 month ago

What does easing of Sino-US ties signify?

China Daily  

High-level interactions between China and the United States have increased in recent months, fostering a warmer atmosphere. The US side has stressed it does not seek "decoupling" from China, and the Joe Biden administration has extended the agreement between the two countries on cooperation in science and technology by six months. First, Biden's moves are in response to concerns raised …

China's curt response on economy to Joe Biden: ‘Resilient, not collapsed’
1 year, 3 months ago

China's curt response on economy to Joe Biden: ‘Resilient, not collapsed’

Hindustan Times  

China's economy is resilient and has not collapsed, the Chinese foreign ministry said as it rejected claims made by US president Joe Biden that its economy is faltering and could cause wider problems. US president Joe Biden called China's economic situation a "crisis" while Australian treasurer Jim Chalmers said a slowing Chinese economy could in turn weigh on Australia's. US …

China's economic evolution: Navigating challenges
1 year, 3 months ago

China's economic evolution: Navigating challenges

Hindustan Times  

China's economic landscape is currently undergoing a profound transformation, marked by a series of challenges that have far-reaching implications for both the nation and the global economy. China's current economic challenges draw comparisons to Japan's 1990s struggles, marked by deflation, stagnant growth, asset bubbles, and structural issues. China's economic slowdown is challenging the International Monetary Fund's projection that the nation …

China’s economic slowdown, its ripple effect
1 year, 3 months ago

China’s economic slowdown, its ripple effect

The Hindu  

The news about China’s economic slowdown has caused mixed reactions. Speaking at the National People’s Congress in 2007, then Premier Wen Jiabao had cautioned that “the biggest problem with China’s economy is that the growth is unstable, unbalanced, uncoordinated, and unsustainable”. In a ‘new normal’, the ground realities When Mr. Xi says that China is the world’s second largest economy, …

The US, allies see opportunity and risk in China’s slowing economy
1 year, 3 months ago

The US, allies see opportunity and risk in China’s slowing economy

Live Mint  

In China’s current economic travails, US and other Group of Seven nations increasingly see evidence of deep-seated structural problems that ultimately will strengthen the West’s hand against a weakening geopolitical competitor. Aboard a high-speed train from Beijing to Shanghai on Tuesday, US Commerce Secretary Gina Raimondo said American companies had told her China had become increasingly “uninvestible.” “The conventional wisdom …

Explained: Why China's economic meltdown is making the world nervous
1 year, 4 months ago

Explained: Why China's economic meltdown is making the world nervous

India Today  

China, the world's second-largest economy, is going through a tough time. For starters, China is a dominant global player across most global sectors, with the International Monetary Fund's latest World Economic Outlook predicting the country to contribute over 22 per cent of the global gross domestic product. Therefore, a decline in China's economic activity can severely throw off the global …

Explained | Why is the U.S. shifting its approach to China from decoupling to de-risking?
1 year, 6 months ago

Explained | Why is the U.S. shifting its approach to China from decoupling to de-risking?

The Hindu  

The story so far: The Trump-era focus of the U.S. to decouple from China is being phased out by a new concept. According to the U.S. National Security Advisor Jack Sullivan, “de-risking fundamentally means having resilient, effective supply chains and ensuring we cannot be subjected to the coercion of any other country”. Bringing more nuance into its earlier decoupling approach …

The US Push for China to Share More Global Burdens
1 year, 7 months ago

The US Push for China to Share More Global Burdens

The Diplomat  

When Chinese leader Xi Jinping took to the stage before the world’s corporate titans, government officials, and influencers at Davos in 2017, the world order suddenly seemed to be turned on its head. As the shock of Xi’s comments in Davos six years ago dissipates, there is a growing acknowledgement of the comprehensive challenge that China poses to the United …

Column: How the U.S. can turn China from a foe into a friendly competitor
1 year, 9 months ago

Column: How the U.S. can turn China from a foe into a friendly competitor

LA Times  

The House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party is scheduled to hold its first hearing Tuesday. While nearly all the players say we need to take the China threat seriously, what they mean by “the China threat” varies wildly. That’s because the “China threat” serves as a kind of all-purpose justification …

China’s Xi Jinping, secure in power, faces deepening economic challenges
2 years, 1 month ago

China’s Xi Jinping, secure in power, faces deepening economic challenges

Live Mint  

His challenge will now be to show he can just as deftly manage an economy that has weakened considerably this year. Chinese markets tumbled on Monday after Beijing rolled out a party leadership packed with Xi loyalists, and the government said China’s economy expanded by 3.9% in the third quarter of 2022. Mr. Xi’s move to promote numerous allies and …

Xi’s economy sees ‘beautiful life’ in China nationalism, control
2 years, 2 months ago

Xi’s economy sees ‘beautiful life’ in China nationalism, control

Al Jazeera  

Chinese President Xi Jinping is presiding over a new era that prioritises political control over economic development. “The people’s yearning for a good and beautiful life is the goal we must strive for.” Now, Xi, who looks set to secure an unprecedented third term at the 20th CPP Congress that begins on Sunday, faces the task of delivering rising living …

China’s economy is ‘in deep trouble’ as Xi heads for next decade in power
2 years, 2 months ago

China’s economy is ‘in deep trouble’ as Xi heads for next decade in power

CNN  

Hong Kong CNN Business — When Xi Jinping came to power a decade ago, China had just overtaken Japan to become the world’s second largest economy. “For 30 years, China was on a path that gave people great hope,” said Doug Guthrie, the director of China Initiatives at Arizona State University’s Thunderbird School of Global Management, adding that the country …

2 Major Traps on China’s Path to Global Leadership
2 years, 3 months ago

2 Major Traps on China’s Path to Global Leadership

The Diplomat  

There are at least two major obstacles that China will have to get over on its path to global leadership, one domestic and one outward-facing. Key policies of the Chinese government aim to help rebalance China’s economy, wean it off its predominantly export-driven model, promote state-of-the-art technologies, tap into the huge domestic market, and make the country more self-sufficient. Another …

China criticises U.S. as tensions rise in South Pacific
2 years, 6 months ago

China criticises U.S. as tensions rise in South Pacific

The Hindu  

China on Friday criticised a speech by U.S. Secretary of State Antony Blinken focused on relations between the world’s top two economic powers, saying the U.S. was seeking to smear Beijing's reputation. Chinese Foreign Ministry spokesperson Wang Wenbin responded that the U.S. was “essentially spreading disinformation” and “smearing China’s domestic and foreign policy.” The aim of Mr. Blinken’s speech was …

China poses 'most serious long-term challenge' to international order, says Blinken
2 years, 6 months ago

China poses 'most serious long-term challenge' to international order, says Blinken

India TV News  

Even as the US has united the rest of the world against Russia’s invasion of Ukraine, China poses the most serious long-term challenge to the international order, Secretary of State Antony Blinken said on Thursday. China is the only country with both the intent to reshape the international order and, increasingly, the economic, diplomatic, military, and technological power to do …

3 Challenges for Chinese Foreign Policy in 2022
2 years, 11 months ago

3 Challenges for Chinese Foreign Policy in 2022

The Diplomat  

2021 was a largely successful year for Chinese foreign policy, due to China’s effective control of the COVID-19 crisis domestically, stable economic growth, and active participation in global governance, particularly in the area of climate change. Drawing strength from its achievements in the past century, China’s diplomacy has forged ahead bravely in the game of chess and written a new …

China poses serious challenge to international system: US
3 years, 9 months ago

China poses serious challenge to international system: US

India TV News  

Describing America's relationship with China as the "biggest geopolitical test of the 21st century", US Secretary of State Tony Blinken on Wednesday said the Asian powerhouse is the only country with the economic, diplomatic, military and technological capability to seriously challenge the stable and open international system. But the challenges posed by China are different,” Blinken said, as he unveiled …

Not all gloom and doom
3 years, 10 months ago

Not all gloom and doom

China Daily  

SONG CHEN/CHINA DAILY The outlook for China-US economic and trade relations may not be as pessimistic as it seems The foreign economic policies of the former US administration did not prove effective in reducing the US trade deficit or boosting its manufacturing industries. The Biden administration may continue the recent policy reorientation to give more emphasis on the factor of …

Although patience is a virtue, it is not enough on its own: China Daily editorial
3 years, 10 months ago

Although patience is a virtue, it is not enough on its own: China Daily editorial

China Daily  

Commenting on President Xi Jinping's "all aboard" speech at the virtual meeting on the World Economic Forum's Davos Agenda on Monday, White House Press Secretary Jen Psaki said on the same day that the US is in serious competition on many fronts with China. Stressing that "Beijing is now challenging our security, prosperity and values in significant ways that require …

Biden’s China policy: balancing engagement with deterrence
3 years, 11 months ago

Biden’s China policy: balancing engagement with deterrence

Al Jazeera  

The success of Biden’s foreign policy will largely depend on how he handles the China challenge. Promising to “Make America Great Again”, Trump embraced a confrontational approach towards Beijing, casting the US and China as antagonists in a new Cold War and ending Washington’s decades old and largely ineffective engagement policy towards China. Biden himself has made it clear that …

China wants a reset with Biden, but won’t change its approach
4 years, 1 month ago

China wants a reset with Biden, but won’t change its approach

Hindustan Times  

There has been much debate about why China was slow to acknowledge Joe Biden’s election victory. There’s a belief that Biden will repair ties and coordinate China policy with traditional US allies This mood is a product of a few factors. Second, China’s official narrative throughout the pandemic has been about criticising the “evil intentions” and political motivations of some …

China congratulates Biden, but few US policy changes seen
4 years, 1 month ago

China congratulates Biden, but few US policy changes seen

Associated Press  

BEIJING — China on Friday became one of the last major countries to congratulate U.S. President-elect Joe Biden, who is expected to make few changes to U.S. policy in conflicts with Beijing over trade, technology and security. China, along with Russia, avoided joining the throng that congratulated Biden last weekend after he and vice presidential running mate Kamala Harris secured …

Joe Biden’s long history with China is unlikely to mend Trump-era rift
4 years, 1 month ago

Joe Biden’s long history with China is unlikely to mend Trump-era rift

Hindustan Times  

Unlike Donald Trump, whom Chinese officials had little knowledge of before he took office, Joe Biden is well known in Beijing. Yet his stance toward the world’s second-largest economy hardened over the past decade: On the campaign trail, he blasted Beijing for its actions in Hong Kong, dubbed its policies toward Muslim minorities in the western region of Xinjiang “unconscionable” …

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