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 president Joe Biden "It seems that there will be various theories of China's collapse every once in a while," Mao Ning, a ministry spokesperson, said, adding, "The fact is that China's economy has not collapsed. In Vietnam, Joe Biden said, “I don't want to contain China” accusing Beijing of "beginning to change some of the rules of the game" in international relations.

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History of this topic

Xi digs in with top-down economic plan even as China drowns in debt
1 day, 20 hours ago

Xi digs in with top-down economic plan even as China drowns in debt

Live Mint  

More than 10 years into the Xi Jinping era, it has become clear that much of China’s growth under his watch was driven by unsustainable borrowing, real estate speculation and investments in factories and infrastructure the country didn’t really need. “Xi still believes that the East is rising and the West is in decline," said a foreign-policy adviser in Beijing, …

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 …

Trump can do a business deal with China
Trending News
1 month ago

Trump can do a business deal with China

China Daily  

Editor's note: In recent years, China has made significant strides in pursuit of high-quality economic and cultural development. How can China achieve a breakthrough deal with the next US administration after Donald Trump assumes office on Jan 20 despite the wide expectation he would implement highly disruptive domestic and foreign policies? The worst-case scenario is the US intensifying the tariff …

Trump can do a business deal with China
Trending News
1 month ago

Trump can do a business deal with China

China Daily  

Editor's note: In recent years, China has made significant strides in pursuit of high-quality economic and cultural development. How can China achieve a breakthrough deal with the next US administration after Donald Trump assumes office on Jan 20 despite the wide expectation he would implement highly disruptive domestic and foreign policies? The worst-case scenario is the US intensifying the tariff …

Trump can do a business deal with China
1 month ago

Trump can do a business deal with China

China Daily  

Editor's note: In recent years, China has made significant strides in pursuit of high-quality economic and cultural development. How can China achieve a breakthrough deal with the next US administration after Donald Trump assumes office on Jan 20 despite the wide expectation he would implement highly disruptive domestic and foreign policies? The worst-case scenario is the US intensifying the tariff …

Bailing out China's economy has suddenly become more urgent
1 month, 1 week ago

Bailing out China's economy has suddenly become more urgent

ABC  

Beijing is clearly rattled. Trump's trade war timetable If Donald Trump lives up to his word, China is expected to lose its World Trade Organisation 'favoured nation status' with the US, as a first step, before imposing tariffs on the country and then, possibly, the rest of the world. "We are assuming a 60 per cent tariff hike on about …

Will China attempt economic revival markets seek post-COVID with multi-trillion-yuan initiatives?
1 month, 2 weeks ago

Will China attempt economic revival markets seek post-COVID with multi-trillion-yuan initiatives?

Live Mint  

China is expected to unveil significant economic measures Friday at the conclusion of the National People's Congress Standing Committee meeting, aiming to revive its struggling economy, AP reported. Analysts believe China may need substantial, multi-trillion-yuan initiatives to reinvigorate growth in the world’s second-largest economy, which has yet to recover fully from the COVID-19 pandemic. Any new spending or economic boost …

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 Economic Stability: A Steady Beacon Amid Global Uncertainty
1 month, 3 weeks ago

China's Economic Stability: A Steady Beacon Amid Global Uncertainty

China Daily  

China's economy remains a stabilizing force in the global economy, despite the challenges of global geopolitical rivalries and rising government debt. The country's structural reforms and high-quality development strategies have contributed to its stability and growth. China's commitment to high-quality development and its willingness to engage in global trade and cooperation remain crucial for maintaining its economic prosperity and stability …

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 …

China's Economic Woes Demand a Shift Towards Cooperation Over Assertiveness
2 months ago

China's Economic Woes Demand a Shift Towards Cooperation Over Assertiveness

Firstpost  

China's economic woes require fresh breath, demanding a shift towards cooperation and less assertiveness towards its fellow members of the global economy. Experts suggest that Beijing should focus on bolstering welfare measures and critical technologies, rather than engaging in aggressive expansionist policies.

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. …

Economists sceptical about China's rate cuts, new stimulus measures
3 months ago

Economists sceptical about China's rate cuts, new stimulus measures

ABC  

China has announced a raft of measures aimed at countering a prolonged downturn in its property market that is heavily weighing on the world's second largest economy. Dr Shi said it was "very likely" that China would fail to meet its yearly GDP growth target of roughly 5 per cent. The central government was even encouraging local governments to invest …

Chinese economic collapse not happening
3 months, 3 weeks ago

Chinese economic collapse not happening

China Daily  

SHI YU/CHINA DAILY True, China's current annual rate of economic growth of about 5 percent is low compared with its growth from 1980 to 2010, when it averaged nearly 10 percent. In spite of what a 5 percent economic growth means in the global context, it has become fashionable in the West to raise the alarm over China's economy. However, …

Chinese economic collapse not happening
3 months, 3 weeks ago

Chinese economic collapse not happening

China Daily  

SHI YU/CHINA DAILY True, China's current annual rate of economic growth of about 5 percent is low compared with its growth from 1980 to 2010, when it averaged nearly 10 percent. In spite of what a 5 percent economic growth means in the global context, it has become fashionable in the West to raise the alarm over China's economy. However, …

China’s economy fails to pick up after worst stretch in five quarters
4 months, 1 week ago

China’s economy fails to pick up after worst stretch in five quarters

Hindustan Times  

China’s weakening economic momentum failed to pick up as sluggish confidence weighs on consumption and investment, putting the government’s annual growth target at risk. “It tells us that maybe one day, the weakness in the demand-side will return to bite the other side.” The latest snapshot of the $17 trillion economy shows domestic demand is barely benefiting from recent government …

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 …

Challenging the Western narrative on the Chinese economy
6 months, 1 week ago

Challenging the Western narrative on the Chinese economy

China Daily  

Export-bound vehicles await loading at Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY In the face of the constant stream of data released in May, which vividly showcases the positive signals emitted by the Chinese economy, it is crucial to take a stand against the often-biased Western narrative that attempts to distort or undermine China's remarkable economic progress. This aspect …

Challenging the Western narrative on the Chinese economy
6 months, 1 week ago

Challenging the Western narrative on the Chinese economy

China Daily  

Export-bound vehicles await loading at Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY In the face of the constant stream of data released in May, which vividly showcases the positive signals emitted by the Chinese economy, it is crucial to take a stand against the often-biased Western narrative that attempts to distort or undermine China's remarkable economic progress. This aspect …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

Employees work on the production line of a tractor manufacturer in Luoyang, Henan province. ZHANG YIXI/FOR CHINA DAILY "I think the economy is stabilizing," said Ben Simpfendorfer, a partner at consultancy Oliver Wyman. He said China's economy still enjoys favorable conditions and factors, given a potential soft landing of the US economy and the stronger growth in the global economy. …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

An employee works on the production line of a textile plant in Fuyang, Anhui province. Erik Berglof, chief economist of the Asian Infrastructure Investment Bank, said: "China has been and will remain an important contributor to global growth in the foreseeable future. A meeting of the Political Bureau of the Communist Party of China Central Committee in April said the …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

An employee works on the production line of a textile plant in Fuyang, Anhui province. Erik Berglof, chief economist of the Asian Infrastructure Investment Bank, said: "China has been and will remain an important contributor to global growth in the foreseeable future. A meeting of the Political Bureau of the Communist Party of China Central Committee in April said the …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

Employees work on the production line of a tractor manufacturer in Luoyang, Henan province. ZHANG YIXI/FOR CHINA DAILY "I think the economy is stabilizing," said Ben Simpfendorfer, a partner at consultancy Oliver Wyman. He said China's economy still enjoys favorable conditions and factors, given a potential soft landing of the US economy and the stronger growth in the global economy. …

Chinese economy will continue to defy its ill-intentioned critics
8 months, 2 weeks 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 …

New US-China talks will address a top American complaint about Beijing’s economic model, Yellen says
8 months, 2 weeks ago

New US-China talks will address a top American complaint about Beijing’s economic model, Yellen says

Associated Press  

GUANGZHOU, China — U.S. Treasury Secretary Janet Yellen said Saturday that upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing’s economic model and trade practices put American companies and workers at an unfair competitive disadvantage. Yellen, who arrived later in Beijing after starting her five-day visit in one of China’s major industrial and export hubs, said the …

US’s Yellen warns China it cannot export its way to rapid growth
8 months, 2 weeks ago

US’s Yellen warns China it cannot export its way to rapid growth

Al Jazeera  

US treasury secretary says market-based reforms will aid world’s second largest economy. United States Treasury Secretary Janet Yellen has warned that China is too large to try to export its way to rapid growth and would benefit by reducing excess industrial capacity that is pressuring other economies. The International Monetary Fund currently forecasts China’s 2024 real gross domestic product growth …

Experts see signs of recovery in economy
8 months, 3 weeks ago

Experts see signs of recovery in economy

China Daily  

Participants discuss the outlook for the Chinese economy during the Boao Forum for Asia Annual Conference 2024 in Boao, Hainan province, on Thursday. FENG YONGBIN/CHINA DAILY China's economy is showing signs of steady recovery with effective measures to boost domestic demand and tackle structural issues, participants attending the Boao Forum for Asia Annual Conference 2024 said on Thursday. Citing some …

Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
8 months, 3 weeks ago

Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve

Associated Press  

BEIJING — China’s nationalist leader, Xi Jinping, called for closer trade ties with the U.S. during a meeting on Wednesday with top American business leaders in Beijing that came amid a steady improvement in relations that had sunk to the lowest level in years. Xi emphasized the mutually beneficial economic ties between the world’s two largest economies, despite heavy U.S. …

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 …

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories
9 months, 2 weeks 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 …

China's economic outlook bright, envoy says
9 months, 3 weeks ago

China's economic outlook bright, envoy says

China Daily  

An employee of an engineering equipment manufacturer in Nanjing, Jiangsu province, works on Thursday at the company's production line. Amid global economic uncertainties, the Chinese economy "made stable and sound progress" last year, with total economic output exceeding 126 trillion yuan, 5.2 percent more than in 2022, he said. A report of the International Financial Forum said that last year …

Economist optimistic about China's economy
9 months, 3 weeks ago

Economist optimistic about China's economy

China Daily  

In the face of occasional skepticism abroad regarding the trajectory of the Chinese economy, Otton Solis, a distinguished professor at the Instituto Empresarial University in Spain and a special advisor to the president of Costa Rica from 2018-22, has emerged as a staunch advocate for China’s economic potential, articulating his unwavering confidence in its future prospects. “I think the future …

China's economy is unravelling at a pace previously thought unimaginable. Where does that leave Australia?
9 months, 4 weeks ago

China's economy is unravelling at a pace previously thought unimaginable. Where does that leave Australia?

ABC  

Nothing quite focuses the mind like a military build-up on your back door. Last October, the Reserve Bank of Australia put together a paper outlining the potential threats to global growth, and particularly Australia, from the ongoing meltdown in China's property market. Japan, Wall Street and Indian markets have been on a tear since early last year, while China's three …

After bumpy recovery, China’s economy faces serious headwinds in 2024
1 year ago

After bumpy recovery, China’s economy faces serious headwinds in 2024

Al Jazeera  

The world’s second-largest economy is heading into 2024 on a precarious footing amid deep-seated structural issues. China’s reopening after the lifting of its harsh “zero-COVID” restrictions in January coincided with challenging economic conditions overseas, as soaring inflation made consumers less inclined to buy Chinese goods. “The all too often near-anarchic environment of the past two decades has led to such …

Chinese leaders consider next steps for economy as debt and deflation cloud outlook for coming year
1 year ago

Chinese leaders consider next steps for economy as debt and deflation cloud outlook for coming year

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 Chinese leaders have wrapped up …

Chinese President Xi Jinping says economic recovery ‘still at critical stage’
1 year ago

Chinese President Xi Jinping says economic recovery ‘still at critical stage’

The Hindu  

President Xi Jinping said that China’s economic recovery is “still at a critical stage”, state broadcaster CCTV reported on December 8, as sluggish domestic activity and property sector woes drag on a post-pandemic rebound. “At present, the country’s economic recovery is still at a critical stage,” Mr. Xi said at a meeting of China’s Communist Party Politburo, the country’s top …

China's Xi Jinping says economic recovery 'still at critical stage', lists measures for revival
1 year ago

China's Xi Jinping says economic recovery 'still at critical stage', lists measures for revival

Firstpost  

“It is necessary to focus on accelerating the construction of a modern industrial system, expand domestic demand, prevent and defuse risks,” said Xi As sluggish domestic activity and property sector woes drag on a post-pandemic rebound, President Xi Jinping on Friday said that China’s economic recovery is at a “critical stage”. “At present, the country’s economic recovery is still at …

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 …

Decoding Biden-Xi summit: Symbolism, struggles and shifting dynamics
1 year, 1 month ago

Decoding Biden-Xi summit: Symbolism, struggles and shifting dynamics

Firstpost  

In the backdrop of a highly anticipated bilateral meeting between Xi Jinping and Joe Biden, the dynamics of US-China relations remained largely unchanged, characterised by a blend of diplomatic caution and underlying tensions. Biden’s labelling of Xi as a “dictator” in this context not only reflected a frank, albeit controversial, acknowledgement of China’s different governance style but also inadvertently echoed …

Why Xi Can No Longer Brag About the Chinese Economy
1 year, 1 month ago

Why Xi Can No Longer Brag About the Chinese Economy

Live Mint  

In 2021, Chinese President Xi Jinping popularized a slogan signifying China’s expected displacement of the U.S. as the world’s leading economic power: “The East is rising, the West is declining." China’s GDP may one day reach 90% or even 100% of the U.S.’s, but there’s no realistic scenario in which it reaches 150% or 200%, he said. He was signaling, …

A fragile global economy is at stake as US and China seek to cool tensions at APEC summit
1 year, 1 month ago

A fragile global economy is at stake as US and China seek to cool tensions at APEC summit

Associated Press  

WASHINGTON — The United States and China are the two global economic heavyweights. “Having the world’s two largest economies at loggerheads at such a fraught moment,” said Eswar Prasad, senior professor of trade policy at Cornell University, “exacerbates the negative impact of various geopolitical shocks that have hit the world economy.” Hopes have risen that Washington and Beijing can at …

U.S. and China to Meet as Shifting Economic Fortunes Alter Relationship
1 year, 1 month ago

U.S. and China to Meet as Shifting Economic Fortunes Alter Relationship

Live Mint  

As Treasury Secretary Janet Yellen meets Chinese Vice Premier He Lifeng this week, the two sides find themselves in an economic role reversal. The comparative U.S. strength and Chinese weakness is a change from previous rounds of diplomacy between the world’s two largest economies, when China’s rocketing growth fed anxiety among American officials about Beijing’s geopolitical ambitions. Beijing is concerned …

Experts' takes on Chinese economy
1 year, 1 month ago

Experts' takes on Chinese economy

China Daily  

Editor's note: The Chinese economy will maintain its recovery momentum. 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 adds up to $30.3 trillion, almost 19 percent higher than the comparable …

Experts' takes on Chinese economy
1 year, 1 month ago

Experts' takes on Chinese economy

China Daily  

Editor's note: The Chinese economy will maintain its recovery momentum. 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 adds up to $30.3 trillion, almost 19 percent higher than the comparable …

How a 'sharp deterioration' in China's property market and potential collapse of Evergrande could affect Australia's economy
1 year, 2 months ago

How a 'sharp deterioration' in China's property market and potential collapse of Evergrande could affect Australia's economy

ABC  

China's property market is facing a "sharp deterioration" which could lead to financial stress domestically, and ultimately affect its trade with Australia. Key points: Evergrande is facing liquidation proceedings on October 30 Police have detained its chairman and founder Hui Ka Yan The company has been blocked from raising new debt to fund its survival That is one of the …

IMF chief says the global economy has show resilience in the face of COVID, war and high rates
1 year, 2 months ago

IMF chief says the global economy has show resilience in the face of COVID, war and high rates

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

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 …

Pessimism of some Westerners cannot hinder China's growth
1 year, 3 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 …

Biden aims to use G20 summit and Vietnam visit to highlight US as trustworthy alternative to China
1 year, 3 months ago

Biden aims to use G20 summit and Vietnam visit to highlight US as trustworthy alternative to China

India TV News  

US President Joe Biden is looking to demonstrate to the world at the Group of 20 summit in India and during a stop in Vietnam that the United States and its like-minded allies are better economic and security partners than China. White House officials said Biden, who was set to depart for New Delhi on Thursday evening, will use this …

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