Economy: Xi Jinping’s stimulus package is too weak for China to be healthy
2 months ago

Economy: Xi Jinping’s stimulus package is too weak for China to be healthy

Slate  

This week: Big trouble in not-so-little China as the second-largest economy tries to get out of its post-COVID funk. Emily Peck, Elizabeth Spiers, and Reuters’ Anna Szymanski discuss China’s new economic stimulus measures, which might be too-little, too late. They also discuss the secretive family behind Boar’s Head and a Sherwood piece about a mysterious $7 billion estate tax. Finally, Josh Levin joins to discuss the new season of Slow Burn, which explores how Fox News hijacked American politics. In the Plus bonus mini-episode: Starbucks wanted to be a classy Italian espresso house, but it became a modern milkshake shop for teens to loiter and flirt.

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History of this topic

China fine tunes economic stimulus as it braces for new US administration
2 weeks, 3 days ago

China fine tunes economic stimulus as it braces for new US administration

Associated Press  

BANGKOK — China is fine-tuning policies to rev up its economy as it braces for uncertain relations with the United States under President-elect Donald Trump, giving manufacturers a 20% made-in-China price advantage in sales to the Chinese government. The moves come ahead of a top-level annual economic planning conference scheduled for next week that will help set China’s strategy for …

China’s economy grows at a 4.6% rate in the last quarter, falls short of the official target
2 months ago

China’s economy grows at a 4.6% rate in the last quarter, falls short of the official target

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The latest data show the world’s second largest economy …

Here’s How Bad China’s Economy Really Is. Can It Be Fixed?
2 months, 1 week ago

Here’s How Bad China’s Economy Really Is. Can It Be Fixed?

Bloomberg  

China’s economic growth target of 5% this year is looking ambitious, given sluggish consumer spending, an uncertain outlook for the country’s exports and a still shaky property market. Fewer than a fifth of economists surveyed by Bloomberg Terminal Bloomberg were predicting gross domestic product would expand by 5% in 2024, as analysts at lenders such as Bank of America Corp. …

Top Chinese economist disappears after criticising Xi Jinping
3 months ago

Top Chinese economist disappears after criticising Xi Jinping

The Telegraph  

But Xi’s efforts to prop up China’s economy cheered investors on Tuesday, with the Shanghai Shenzhen CSI Index rising 4.3pc – its biggest jump since July 2020. Mr Yu added: “Given the confidence issues among households and corporates, we doubt the measures are sufficient to jump-start the credit engine.” Lynn Song, ING’s chief economist for Greater China, said without extra …

Economists advocate direct support to consumers
4 months, 1 week ago

Economists advocate direct support to consumers

China Daily  

Tourists visit a cultural block in Xiangyang, Hubei province, June 10, 2024. China's central government should consider additional direct support to consumers worth at least 1 trillion yuan — either cash or vouchers — in the rest of the year to effectively address the pressing challenge of lackluster domestic demand, economists from government-backed think tanks said. Consumption — which contributed …

Economists advocate direct support to consumers
4 months, 1 week ago

Economists advocate direct support to consumers

China Daily  

Tourists visit a cultural block in Xiangyang, Hubei province, June 10, 2024. China's central government should consider additional direct support to consumers worth at least 1 trillion yuan — either cash or vouchers — in the rest of the year to effectively address the pressing challenge of lackluster domestic demand, economists from government-backed think tanks said. Consumption — which contributed …

China's weakening economy in two Indicators : Planet Money
1 year, 3 months ago

China's weakening economy in two Indicators : Planet Money

NPR  

China's weakening economy in two Indicators Enlarge this image toggle caption CNS/AFP/Getty Images CNS/AFP/Getty Images In China, data on the economy is sometimes difficult to come by. looking at anecdotes that tell us something about where the economy is headed - show us about China's economy? Sponsor Message Then, we take a deep dive into one of the most alarming …

Two Indicators shaking China's economy : Planet Money
2 years, 1 month ago

Two Indicators shaking China's economy : Planet Money

NPR  

Two Indicators shaking China's economy Enlarge this image JADE GAO/AFP via Getty Images JADE GAO/AFP via Getty Images Chinese leader Xi Jinping recently secured his third term as president. We'll examine two major shifts to the country's economy — one coming from within China, and one from the outside. Shift number one: for the last several decades China has been …

China’s economic distress deepens as lockdowns drag on
2 years, 7 months ago

China’s economic distress deepens as lockdowns drag on

Live Mint  

HONG KONG : China’s economy descended deeper into a Covid-induced doldrums last month, raising questions about whether Beijing’s planned stimulus measures can prevent a prolonged downturn. Consumer spending and factory output tumbled in April, while growth in infrastructure investment—which Beijing has been counting on to prop up growth this year—slowed sharply, China’s National Bureau of Statistics reported on Monday. The …

Why Xi Jinping’s China is Reluctant to Bail out Evergrande
3 years, 2 months ago

Why Xi Jinping’s China is Reluctant to Bail out Evergrande

News 18  

The optics of sit-in protests by irate investors in various offices of one of China’s largest realty firms, Evergrande, and clashes between demonstrators and law-enforcement gave credence to a view that this was a huge challenge to the Chinese Communist Party. EXPLAINED | The Evergrande Crisis And What It Means For Markets Clash of Two Visions As China liberalised its …

Premarket stocks: China’s economy is the envy of the world
4 years, 2 months ago

Premarket stocks: China’s economy is the envy of the world

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. London CNN Business — China’s economy expanded by 4.9% in the third quarter compared to the previous year, according to government data published Monday, showing the rest of the world what’s possible when Covid-19 is brought under control. “China’s economy continued its rapid rebound last quarter, …

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