China may have to slow down in the superpower race and tackle domestic problems
1 year, 4 months ago

China may have to slow down in the superpower race and tackle domestic problems

Live Mint  

China’s medium-term economic prospects seem to be dimming rapidly. The political economy objective was to eliminate alternate power structures in China and consolidate military, administrative and economic power within Xi Xinping’s control. Despite this, China’s free-wheeling spending on geo-strategic projects in its superpower race may need to be curbed. To establish itself as the leader in experimental physics, China announced a large hadron collider that would be world’s longest at 100km, Domestically, it announced a massive 12,000km expansion for its high-speed rail network. Until now, experts have held that China may seek global superpower status through one of two routes: 1) by using its emerging power status in the region to springboard; or 2) going directly after that status across the world.

Economy China Chinese Bri Superpower Status  domestic  economy  debt  chinas  chinese  tackle  projects  slow  race  superpower  status  problems  power  china

History of this topic

Mint Quick Edit | Deflation is bad news for China’s economy
3 weeks, 1 day ago

Mint Quick Edit | Deflation is bad news for China’s economy

Live Mint  

Even though policymakers in Beijing may be putting up a sanguine show, not all is well with China’s economy. Its latest official data reveals that prices in China fell 0.7% from a year earlier in February, marking the first time in more than a year that the economy is in the grip of deflation. It also makes borrowers wary of …

China struggles to shake off disinflationary pressures as trade threats loom
3 weeks, 3 days ago

China struggles to shake off disinflationary pressures as trade threats loom

Live Mint  

China’s consumer prices nosedived in February, in a sign of stubborn disinflationary pressures, ending a year’s run of tepid price growth and underscoring the challenges policymakers face in stimulating domestic demand as trade tensions intensify. China’s budgetary deficit targets imply a nominal growth target at 4.9% on year, as well as an expected gross domestic product deflator—the broadest measure of …

China Consumer Inflation Drops Below Zero for First Time in Year
3 weeks, 3 days ago

China Consumer Inflation Drops Below Zero for First Time in Year

Live Mint  

-- China’s consumer inflation dropped below zero for the first time in 13 months, a reading skewed by seasonal distortions but also a reminder of persistent deflationary pressures in the economy. A clearer read on China’s inflation trajectory will emerge in March, as investors look for signs that the government’s stimulus is translating into stronger domestic demand. It’s a signal …

Why Chinese economy can navigate global headwinds
1 month, 1 week ago

Why Chinese economy can navigate global headwinds

China Daily  

SHI YU/CHINA DAILY Assuming that the measures US President Donald Trump has taken in the first few weeks in office reflect, a new and sustainable path for the United States, instead of whims, will they have an impact on China's economic prospects? First, the large size of China's domestic market guarantees low average production costs and, therefore, relatively low prices …

Why Chinese economy can navigate global headwinds
1 month, 1 week ago

Why Chinese economy can navigate global headwinds

China Daily  

SHI YU/CHINA DAILY Assuming that the measures US President Donald Trump has taken in the first few weeks in office reflect, a new and sustainable path for the United States, instead of whims, will they have an impact on China's economic prospects? First, the large size of China's domestic market guarantees low average production costs and, therefore, relatively low prices …

Why Chinese economy can navigate global headwinds
1 month, 1 week ago

Why Chinese economy can navigate global headwinds

China Daily  

SHI YU/CHINA DAILY Assuming that the measures US President Donald Trump has taken in the first few weeks in office reflect, a new and sustainable path for the United States, instead of whims, will they have an impact on China's economic prospects? First, the large size of China's domestic market guarantees low average production costs and, therefore, relatively low prices …

Why Chinese economy can navigate global headwinds
1 month, 1 week ago

Why Chinese economy can navigate global headwinds

China Daily  

SHI YU/CHINA DAILY Assuming that the measures US President Donald Trump has taken in the first few weeks in office reflect, a new and sustainable path for the United States, instead of whims, will they have an impact on China's economic prospects? First, the large size of China's domestic market guarantees low average production costs and, therefore, relatively low prices …

How COVID-19 Transformed China’s Domestic and International Trajectory
2 months, 3 weeks ago

How COVID-19 Transformed China’s Domestic and International Trajectory

The Diplomat  

Five years after the novel coronavirus first emerged, China’s major metropolises bear virtually no visible scars of their unprecedented battle with COVID-19. State media acknowledged that the extremely high gross domestic saving rate – over 44 percent in 2023 – reflects “people’s growing insecurity about the future and their inclination to save as a precaution against risks.” Despite Beijing’s efforts …

Inflation worries in US, deflation tension in China: Two tales of two biggest economies
2 months, 3 weeks ago

Inflation worries in US, deflation tension in China: Two tales of two biggest economies

Firstpost  

While the US economy wrestles with inflation, China is battling deflation. Now, Inflation and deflation tell contrasting tales in the world’s two largest economies, as China grapples with weak domestic demand and the US contends with signs of persistent inflationary pressures. China’s deflation problem China’s consumer price inflation slowed to a near standstill in December, registering just 0.1 per cent …

China’s economy is burdened by years of excess. Here’s how bad it really is.
3 months ago

China’s economy is burdened by years of excess. Here’s how bad it really is.

Live Mint  

China’s go-go days are behind it as the world’s second-largest economy struggles with the bursting of the biggest real-estate bubble ever. China’s economy today is burdened with excess: Millions of empty or unfinished apartment blocks, trillions of dollars in debt straining local governments and ballooning industrial production driving an export surge that is igniting trade tensions worldwide. Nonetheless, the scale …

5 things about China’s struggle to get out of Covid shock to its economy
3 months ago

5 things about China’s struggle to get out of Covid shock to its economy

Firstpost  

China’s struggle to recover from the shock of COVID-19 in 2024 laid bare long-standing vulnerabilities in its economy. China’s economy once hailed as the engine of global growth, faced a tumultuous 2024 affected by a series of economic and geopolitical challenges. Never really recovered from COVID shock China’s economy faced a continuing sluggish recovery in 2024 due to the consequences …

Prices won’t stop falling in China, and Beijing is grasping for solutions
3 months, 2 weeks ago

Prices won’t stop falling in China, and Beijing is grasping for solutions

Live Mint  

The country that invented paper is making way too much of it. So Shandong Chenming Paper, one of China’s biggest paper manufacturers, did what any company faced with overcapacity would do: It cut prices to unload more supply while it tried to ride out the storm. This week, China’s 24-man Politburo said it would implement more proactive fiscal policy and …

China moves to Trump-proof its economy
3 months, 2 weeks ago

China moves to Trump-proof its economy

Live Mint  

SINGAPORE : China’s leaders promised more government support for their struggling economy next year as they brace for the return of President-elect Donald Trump and another big showdown over trade. An annual gathering of top officials on the economy concluded with pledges to cut interest rates and boost government borrowing to pep up economic growth, according to a report by …

Already, China is Shaking The World
3 months, 4 weeks ago

Already, China is Shaking The World

China Daily  

As Bonaparte said, let China sleep for when she awakes she will shake the World. Janet Yellen was forced to complain China's economy was too big for the World to cope when the West imposed tariffs on China's EVs whining about "over-capacity" rather than actual "dumping". "Donald Trump called former US president Jimmy Carter to discuss fear China is ‘getting …

New start or old patterns for the two largest economies?
4 months, 3 weeks ago

New start or old patterns for the two largest economies?

China Daily  

According to US media, the American people have elected Donald Trump as the 47th president of the United States, a momentous event that is significant for not only Americans but also the entire world. Much of the tension between the two major powers stems from a perception in Washington that China's rise poses a direct threat to the US' prosperity …

New start or old patterns for the two largest economies?
Top News
4 months, 3 weeks ago

New start or old patterns for the two largest economies?

China Daily  

MA XUEJING/CHINA DAILY According to US media, the American people have elected Donald Trump as the 47th president of the United States, a momentous event that is significant for not only Americans but also the entire world. Much of the tension between the two major powers stems from a perception in Washington that China's rise poses a direct threat to …

New start or old patterns for the two largest economies?
Trending News
4 months, 3 weeks ago

New start or old patterns for the two largest economies?

China Daily  

According to US media, the American people have elected Donald Trump as the 47th president of the United States, a momentous event that is significant for not only Americans but also the entire world. The role of the US in global affairs makes every presidential election a matter of great international interest. As the leader of the world's largest economy …

New start or old patterns for the two largest economies?
Top News
4 months, 3 weeks ago

New start or old patterns for the two largest economies?

China Daily  

MA XUEJING/CHINA DAILY According to US media, the American people have elected Donald Trump as the 47th president of the United States, a momentous event that is significant for not only Americans but also the entire world. Much of the tension between the two major powers stems from a perception in Washington that China's rise poses a direct threat to …

New start or old patterns for the two largest economies?
Top News
4 months, 3 weeks ago

New start or old patterns for the two largest economies?

China Daily  

MA XUEJING/CHINA DAILY According to US media, the American people have elected Donald Trump as the 47th president of the United States, a momentous event that is significant for not only Americans but also the entire world. Much of the tension between the two major powers stems from a perception in Washington that China's rise poses a direct threat to …

Geopolitical Thaw: China and India Realign in a New Era
5 months, 1 week ago

Geopolitical Thaw: China and India Realign in a New Era

New Indian Express  

Leaders of two nations, Modi and Jinping, meet after five years of conflict. The meeting aims to assess the impact of the deteriorating Chinese economy on the ongoing trade-offs. Both sides agree on a patrolling arrangement along the Line of Actual Control and discuss a potential reduction in tensions.

China's economy softens in August as Beijing continues to grapple with lagging demand
6 months, 2 weeks ago

China's economy softens in August as Beijing continues to grapple with lagging demand

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. Read our privacy policy China’s economy softened in August, …

The next US president should not take on both Russia and China
7 months, 1 week ago

The next US president should not take on both Russia and China

Al Jazeera  

As the presidential race in the United States is heating up, the two candidates – Vice President Kamala Harris and former President Donald Trump – have clashed on a range of issues. Trump and Harris’s campaigns thus offer different tactical visions of the same strategy – protecting US economic interests by pushing and pulling away from China’s. Since the full-scale …

China disinflationary headwinds continue as consumers hold back
10 months, 3 weeks ago

China disinflationary headwinds continue as consumers hold back

Live Mint  

BEIJING—China’s consumer prices edged up modestly in April while its factory-gate prices continued to fall, underscoring the challenges that policymakers face in shaking off disinflationary pressures despite stimulus measures aimed at delivering a jolt to the economy. Economists say China’s persistently weak inflation readings suggest Beijing is unlikely to be able to count on the country’s 1.4 billion consumers to …

Chinese economy belies scaremongers: China Daily editorial
1 year 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 …

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories
1 year ago

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories

Associated Press  

BEIJING — China has plenty of room to maneuver to attain its annual target for robust economic growth of about 5% after a strong start for the year, top economic officials said Wednesday, though they acknowledged it’s a challenge. It’s hard to fully meet needs using existing funding channels and there’s an urgent need to increase support,” he said at …

Chinese shudders: Fewer people is bad news
1 year, 2 months ago

Chinese shudders: Fewer people is bad news

Live Mint  

For an economy already caught in a slowdown, Wednesday’s release of China’s population data made it a double whammy. China’s covid toll was estimated at about 11.1 million last year and 10.4 million in 2022. It now faces an adverse demographic turn, with fewer people who can contribute to economic activity even as an elderly bulge adds to its welfare …

China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery
1 year, 2 months ago

China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery

Associated Press  

HONG KONG — China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven. Officials from China’s National Bureau of Statistics said that measures including “strengthened macro regulation, and redoubled efforts to expand domestic demand, …

China's economy still much better than West
1 year, 2 months ago

China's economy still much better than West

China Daily  

A view of the Lujiazui area of Pudong, East China's Shanghai. And before the global economy had recovered, it faced the COVID-19-induced recession, the trade wars initiated by the US government, the near collapse of supply chains, the Russia-Ukraine conflict, and the ensuing economic sanctions, all of which have slowed the rates of growth of almost all economies. This is …

China: Waiting for policy tailwind
1 year, 3 months ago

China: Waiting for policy tailwind

China Daily  

A pedestrian walks past the headquarters of PBOC in Beijing. Our base case is the government will likely commit to boost growth by setting a growth target at "above 4.5 percent" for 2024, moderately higher than the 4.1 percent average growth in 2022-23. While the People's Bank of China will continue to ease lending conditions, to bring about recovery in …

Badmouthing China benefits no economies
1 year, 4 months ago

Badmouthing China benefits no economies

China Daily  

Vehicles cross the Sutong Yangtze River Highway Bridge in Nantong, Jiangsu province, on Wednesday, the last day of the May Day holiday. Other major economies such as Japan and Germany are far behind the US and China, in third and fourth places with GDP of $4.2 trillion and $4.1 trillion, respectively. However, in terms of purchasing power parity, China's GDP …

China sees dip in economic growth at 4.9% in third quarter
1 year, 5 months ago

China sees dip in economic growth at 4.9% in third quarter

India TV News  

According to China's trade data, the country's economy has slowed down by 4.9 percent due to muted global demand, deflationary pressures and an ailing property sector. On a quarterly basis, the economy grew by 1.3% in the third quarter, compared to 0.8% growth in the April-to-June quarter. Earlier this year, growth was boosted as people flocked to shopping malls and …

Pessimism of some Westerners cannot hinder China's growth
1 year, 6 months ago

Pessimism of some Westerners cannot hinder China's growth

China Daily  

A view of the Huangpu River in Shanghai. However, the article comes just days after Bloomberg founder Michael Bloomberg visited China, met the governor of the People's Bank of China and other senior finance officials, and expressed his desire to have long-term and greater cooperation with Chinese financial organs which he said are playing an increasingly important role in the …

China's economic evolution: Navigating challenges
1 year, 6 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, 7 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, 7 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 …

A different kind of China: how the superpower seems unable to steady itself
1 year, 7 months ago

A different kind of China: how the superpower seems unable to steady itself

The Independent  

For the past few decades, one of the great world stories has been the seemingly unstoppable rise of China. Dhaval Joshi of BCA Research calculates that China generated a staggering 41 per cent of the world’s growth in the past 10 years, almost double the 22 per cent contribution from the US and swamping the eurozone’s 9 per cent. “Put …

China's economy on slow lane: Is the country's 4-decade glory run over?
1 year, 7 months ago

China's economy on slow lane: Is the country's 4-decade glory run over?

India Today  

The Chinese economy is in deep trouble and its ripples are being felt across the globe. Structural gaps in the Chinese economy had started to show even before the Covid-19 pandemic ravaged the world economy, but the miscalculated steps taken by the People's Republic of China made the economic situation worse. In 2021, GDP growth in China bounced back to …

Why China is grappling with falling prices – and being compared to Japan
1 year, 7 months ago

Why China is grappling with falling prices – and being compared to Japan

Al Jazeera  

The world’s second-largest economy is grappling with deflation, raising fears of Japan-style stagnation. At the height of its economic boom in the late 1980s, Japan was the world’s second-largest economy and an export powerhouse known for its consumer electronics and cars – not unlike China today. Growing alongside Japan’s booming economy, however, was a massive real estate and stock market …

Explained: Why China's economic meltdown is making the world nervous
1 year, 7 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 …

China’s July exports tumble by double digits, adding to pressure to shore up flagging economy
1 year, 7 months ago

China’s July exports tumble by double digits, adding to pressure to shore up flagging economy

Associated Press  

BEIJING — China’s exports plunged by 14.5% in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump. “Policymakers have pledged further policy support, which could buoy household spending and lead to an improvement in import growth for the coming few months.” Exports to the United States fell 23% from a …

China’s July exports tumble by double digits, adding to pressure on economy
1 year, 7 months ago

China’s July exports tumble by double digits, adding to pressure on economy

LA Times  

Chinese leaders are trying to shore up business and consumer activity after a rebound sparked by the end of coronavirus controls in December fizzled out earlier than expected. China’s exports plunged by 14.5% in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump. Demand for Chinese exports cooled after the …

Expert: US can't afford to misinterpret China's economy again
1 year, 7 months ago

Expert: US can't afford to misinterpret China's economy again

China Daily  

Luo Jie/China Daily The current predictions of China's imminent collapse are as misguided as they were 20 years ago - and the US can't afford to make the same mistake again, said David P. Goldman, deputy editor of Asia Times and Washington Fellow of the Claremont Institute, former global head of debt research at Bank of America, in an article …

China's Great Leap Backward: So much for the next dominant superpower
1 year, 8 months ago

China's Great Leap Backward: So much for the next dominant superpower

Salon  

The "Chinese century" is over. What was, for many previous decades,China's ultimate advantage — its never-ending supply of working-age laborers — peaked at almost exactly one billion people in 2010, according to the Chinese census. The fertility rate, which normally must be at 2.1 children per adult woman just to maintain a steady population, has slipped to below 1.1 — …

China’s economy misses growth forecasts, raising odds of more government support
1 year, 8 months ago

China’s economy misses growth forecasts, raising odds of more government support

LA Times  

China’s economy grew at a 6.3% annual pace in the April-June quarter, a much lower rate than analysts had forecast. China’s economic growth missed forecasts in the second quarter of the year, adding to worries over surging youth unemployment and a weak property sector and raising the likelihood that the government will double down on support for the faltering post …

Opinion: China’s economy might not be headed toward either ascendancy or decline
1 year, 11 months ago

Opinion: China’s economy might not be headed toward either ascendancy or decline

LA Times  

Something about China encourages grandiose predictions. This scenario is less dramatic but still disruptive: It would alter global economic growth and could impede future responses to shared challenges like climate change. Other challenges like climate change impose additional drags — a severe heat wave in the summer of 2022 shaved an estimated 0.3% off already-low GDP growth. China’s contribution to …

China's economy expected to rebound as zero-Covid era fades
1 year, 11 months ago

China's economy expected to rebound as zero-Covid era fades

Deccan Chronicle  

BEIJING: China is expected to announce an economic rebound on Tuesday, when Beijing releases its first quarterly GDP figures since abolishing growth-sapping Covid restrictions late last year. Property perils A creeping crisis in the property sector -- which together with construction accounts for around a quarter of China's GDP -- continues to "pose challenges to economic growth", said Rabobank analyst …

China's rebound will be positive for world economy, offset Fed risks
2 years ago

China's rebound will be positive for world economy, offset Fed risks

China Daily  

A view of Beijing's CBD area on Aug 19, 2022. The US' annual inflation rate, which had soared close to 10 percent in summer last year, slowed, but slightly, to 6.4 percent in January, although the interest rate has been hiked to almost 5 percent. Despite the media hysteria in the West, China's annual inflation rate rose to only 2.1 …

World needs China-US ties back on track in 2023
2 years, 2 months ago

World needs China-US ties back on track in 2023

China Daily  

Chinese and US flags flutter outside the building of an American company in Beijing, Jan 21, 2021. In a report published last November, the Brookings Institution said the United States must forge a "durable, productive relationship" with China, adding that both sides share common interests in both bilateral and multilateral areas and that cooperation is needed. It is wrong to …

China’s fall from grace amid falling GDP growth, Zero Covid policy
2 years, 3 months ago

China’s fall from grace amid falling GDP growth, Zero Covid policy

Op India  

China had been praised worldwide for lifting its 60 per cent of population out of poverty, according to reports. Decades of rapid economic growth in China helped to lift 748.5 million people out of extreme poverty, dropping the country’s poverty rate from 66.3 per cent to just 0.3 per cent, according to reports. China’s GDP growth target for 2022 is …

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