Badmouthing China benefits no economies
1 year, 1 month 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 adds up to $30.3 trillion, almost 19 percent higher than the comparable figure for the US, and nearly three times the GDP of Japan and Germany taken together. In 2022, China's total exports and imports reached $6.2 trillion compared with $7 trillion for the US and far above that of Germany and Japan. In 2022, inward foreign investment in China was $189 billion, less than the US' $285 billion but more than that of Japan and Germany combined.

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History of this topic

Chinese economy can brave external risks
Trending News
1 week, 1 day ago

Chinese economy can brave external risks

China Daily  

The skyline of Beijing. If the 2021-23 inflation surge in the United States helped Donald Trump's election triumph, his likely tariff wars will penalize world trade and exacerbate bilateral ties with China, again. In setting priorities for its economic policy for 2025, Chinese policymakers emphasize the need to maintain stable growth, employment and commodity prices through steps including higher deficit-to-GDP …

Chinese economy can brave external risks
Trending News
1 week, 1 day ago

Chinese economy can brave external risks

China Daily  

The skyline of Beijing. If the 2021-23 inflation surge in the United States helped Donald Trump's election triumph, his likely tariff wars will penalize world trade and exacerbate bilateral ties with China, again. In setting priorities for its economic policy for 2025, Chinese policymakers emphasize the need to maintain stable growth, employment and commodity prices through steps including higher deficit-to-GDP …

New start or old patterns for the two largest economies?
1 month, 2 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
1 month, 2 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
1 month, 2 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
1 month, 2 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
1 month, 2 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 …

China's Growth: A Catalyst for Global Prosperity
1 month, 2 weeks ago

China's Growth: A Catalyst for Global Prosperity

China Daily  

China's growth is vital for global development, and the country will promote mutually beneficial cooperation and development to counter the zero-sum games being played by some Western economies. The expansion and structural optimization of China's economy will have a significant impact on global economic growth, with every 1 percentage point increase in China's growth rate boosting global economic growth by …

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 …

Foreign investors pull record money from China. Here's why
4 months, 1 week ago

Foreign investors pull record money from China. Here's why

Hindustan Times  

Foreign investors pulled a record amount of money from China last quarter, likely reflecting deep pessimism about the world’s second-largest economy. China’s direct investment liabilities in its balance of payments dropped almost $15 billion in the April-June period, marking only the second time this figure has turned negative, according to data from the State Administration of Foreign Exchange released Friday. …

About 4 in 10 Americans see China as an enemy, a Pew report shows. That’s a five-year high
7 months, 3 weeks ago

About 4 in 10 Americans see China as an enemy, a Pew report shows. That’s a five-year high

Associated Press  

WASHINGTON — About 4 in 10 Americans now label China as an enemy, up from a quarter two years ago and reaching the highest level in five years, according to an annual Pew Research Center survey released Wednesday. The Pew report, which is drawn from an April 1-7 survey of a sample of 3,600 U.S. adults, found that roughly half …

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 …

Bad-mouthing China won't change trajectory of its economy
8 months, 3 weeks ago

Bad-mouthing China won't change trajectory of its economy

China Daily  

Employees work at a production facility for display units in Chongqing on March 14. In recent years, some politicians in certain Western countries have continued to try and cast a shadow over China's economy, forging and spreading various negative opinions, which actually stem from their deep-rooted zero-sum game mentality. Comprehensive analysis shows that China's economy has strong resilience and self-adjustment …

China's growth target achievable, appropriate, economist says
8 months, 3 weeks ago

China's growth target achievable, appropriate, economist says

China Daily  

Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University. A moderately rapid growth of around 5 percent annually is both achievable and appropriate for a country at China's stage of development, a senior economist said. Jeffrey Sachs, a world-renowned professor of economics and director of the Center for Sustainable Development at Columbia University, said in an exclusive …

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 may pare its US debt holdings
9 months ago

China may pare its US debt holdings

China Daily  

A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, January 20, 2023. China may continue to reduce the share of US debt in its overall foreign exchange reserves amid its ramped-up efforts to diversify foreign asset portfolios, experts said on Wednesday. In the short term, factors like changes in monetary …

Is the United States overestimating China’s power?
9 months, 3 weeks ago

Is the United States overestimating China’s power?

New Indian Express  

Dan Murphy, Harvard Kennedy School Which country is the greatest threat to the United States? Half of all Americans responding to a mid-2023 survey from the Pew Research Center cited China as the biggest risk to the US, with Russia trailing in second with 17%. In 2020, John Ratcliffe, director of national intelligence under President Donald Trump, wrote that Beijing …

Here’s why China’s GDP cannot surpass United States this year
10 months, 4 weeks ago

Here’s why China’s GDP cannot surpass United States this year

Live Mint  

The US economy's strong performance in 2023, along with the challenges faced by China's economy, suggests that China's GDP overtaking the US is less likely. US gross domestic product rose 6.3% in nominal terms, compared to China's 4.6% gain in 2023. However, this week's GDP data showed that the US economy ended the year with a bang, growing 3.3% in …

Xi Jinping seeks to improve China’s ties with record number of countries to counter US
11 months, 2 weeks ago

Xi Jinping seeks to improve China’s ties with record number of countries to counter US

Firstpost  

In contrast to Washington’s strategy of building alliances with predominantly affluent allies, Beijing is pursuing a strategy of cultivating ties with developing nations, which constitute the majority of the world’s population, leveraging aid, trade, and investments. Chinese President Xi Jinping strengthened diplomatic ties with a record number of countries last year as part of his efforts to mobilise the Global …

US companies are picky about investing in China. The exceptions? Burgers and lattes
11 months, 3 weeks ago

US companies are picky about investing in China. The exceptions? Burgers and lattes

Associated Press  

WASHINGTON — There’s been no shortage of tough news for China’s economy as some of the world’s biggest brands consider or take action to shift manufacturing to friendlier shores at a time of unease about security controls, protectionism and wobbly relations between Beijing and Washington. Commerce Ministry spokesperson Shu Jueting said recently, “The U.S. side has repeatedly politicized economic, trade …

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 …

Trends in US-China engagement
1 year, 1 month ago

Trends in US-China engagement

Hindustan Times  

The United States and China are facing a conundrum where the ongoing rivalry pushes them to be confrontational with each other, whereas the complex and intertwined trade relations compel them to find ways to mend the ties. China’s coercive actions across the Taiwan Straits have been proving a real test of not only the US’s commitment to aid the island …

China may have to slow down in the superpower race and tackle domestic problems
1 year, 1 month 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 …

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 …

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 …

British scholar: China's remarkable economic growth defies misleading US claims
1 year, 3 months ago

British scholar: China's remarkable economic growth defies misleading US claims

China Daily  

A view of Guangzhou's CBD area. Over the last four years, China's economy has surged, growing more than two and a half times faster than that of the US. The commentary highlighted that even compared to the fastest-growing economies, China stands out with an annual per capita GDP increase of 4.4 percent compared to India's 2.5 percent and the 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 …

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 …

China's economy in ‘deep distress’, its model of growth is ‘broken’: Report
1 year, 4 months ago

China's economy in ‘deep distress’, its model of growth is ‘broken’: Report

Hindustan Times  

China's economy, the world's second-largest, is now in deep distress and its successful model of growth for 40 years stands “broken”, a prominent American financial publication has said, noting that signs of trouble extend beyond China's dismal economic data to distant provinces. China's gross domestic product grew 5.5 per cent year-on-year in the first half of 2023, the country's National …

Chinese economy in distress, its model is ‘broken’: report
1 year, 4 months ago

Chinese economy in distress, its model is ‘broken’: report

The Hindu  

China's economy, the world's second-largest, is now in deep distress and its successful model of growth for 40 years stands “broken”, a prominent American financial publication has said, noting that signs of trouble extend beyond China's dismal economic data to distant provinces. TheWall Street Journal in a major Sunday story wrote that economists now believe China is entering an era …

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

Expert: US can't afford to misinterpret China's economy again
1 year, 4 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 …

US aims to counter China’s influence in global institutions, Yellen says
1 year, 8 months ago

US aims to counter China’s influence in global institutions, Yellen says

Live Mint  

The United States is working hard to counter China's influence in international institutions and in lending to developing countries, US Treasury Secretary Janet Yellen said on Wednesday. "I am very very concerned about some of the activities that China engages in globally, engaging in countries in ways that leave them trapped in debt and don't promote economic development," she said …

Explained: The rising influence of China over West Asia
1 year, 8 months ago

Explained: The rising influence of China over West Asia

Firstpost  

China’s involvement in the region shifts from being purely driven by commercial interests to one that involves security cooperation, to safeguard its expanding assets and expatriate population China’s billions of dollars in global investments and infrastructure projects seem to be paying off politically and economically. China’s exports to Saudi Arabia have annually increased at 15.3 per cent year on year …

Neglecting China's contributions to COVID-19 fight exposes prejudices
1 year, 11 months ago

Neglecting China's contributions to COVID-19 fight exposes prejudices

China Daily  

People join a lantern festival in Taijiang district, Fuzhou, southeast China's Fujian province, Jan 6, 2023. The international community has gained a deeper understanding of China's persistent efforts to efficiently coordinate COVID-19 response and socio-economic development, as the country implements its optimized COVID-19 control measures in a steady and orderly manner. They ignored China's achievements in the COVID-19 fight over …

World needs China-US ties back on track in 2023
1 year, 11 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 economy won’t overtake the US, some now predict
2 years, 3 months ago

China’s economy won’t overtake the US, some now predict

Live Mint  

The sharp slowdown in China’s growth in the past year is prompting many experts to reconsider when China will surpass the U.S. as the world’s largest economy—or even if it ever will. Former U.S. Treasury Secretary Lawrence Summers said China’s aging population and Beijing’s increasing tendency to intervene in corporate affairs, along with other challenges, have led him to substantially …

China’s economy is plainly staring at a flickery future
2 years, 3 months ago

China’s economy is plainly staring at a flickery future

Live Mint  

The global economic system is going through an unprecedented period. In contrast, the People’s Bank of China, after having held the line for much of the early covid period, has begun to ease monetary policy from around April this year. In economics speak, these are early signs that China’s money supply has begun to “push on a string” and further …

Why China is unlikely to overtake the United States to become the biggest economy in the world
2 years, 9 months ago

Why China is unlikely to overtake the United States to become the biggest economy in the world

ABC  

For decades, it has been one of the great truisms of global foreign policy; the "inexorable rise of China". Never a question of if but only when, the betting amongst academics, politicians and diplomats has concentrated on how long it would take for China to overtake the United States as the world's biggest economy. "China would overtake the United States …

World's second largest economy
3 years, 3 months ago

World's second largest economy

China Daily  

With a population of more than 1.4 billion, China is increasingly playing an important and influential global role. According to the National Economy and Social Development Statistical Bulletin 2020 released by the National Bureau of Statistics, China's GDP increased by 2.3 percent year-on-year, reaching 101,598.6 billion yuan, making it the world's only major economy to attain positive growth. With China …

China Cuts Its Trillion-Dollar Nose to Spite America’s Face
3 years, 4 months ago

China Cuts Its Trillion-Dollar Nose to Spite America’s Face

The Quint  

Tomes have been written about how Deng Xiaoping transformed China into a multi-trillion-dollar economic superpower to rival America. The Amazing Race Between China’s Hare and India’s Tortoise, I have postulated the “escape velocity” model, powered by two engines borrowed from the Soviet Union and Japan that enabled China to become the second-largest global economy, snapping at America’s heels. Using communist …

How Deng Xiaoping set China on a path to rule the world
3 years, 5 months ago

How Deng Xiaoping set China on a path to rule the world

ABC  

Deng Xiaoping could lay claim to being the most significant political leader of the latter part of the 20th century, and one whose legacy continues to expand. Historians may well come to regard Deng's nanxun as not simply his last hurrah, but his most enduring contribution to China's surging power and influence. Deng's various slogans, such as "to get rich …

China tipped to overtake the US economy, despite 'unreliable' and 'faked' data
3 years, 5 months ago

China tipped to overtake the US economy, despite 'unreliable' and 'faked' data

ABC  

When it comes to economic miracles, no other country has pulled off quite as many as China — and even its leaders are sceptical. Key points: China's Premier Li Keqiang says GDP data is "unreliable" and "man made" Local bureaucrats have given overly-inflated GDP figures to get promotions China's economy is much larger than Australia's China's most recent miracle was …

After Biden stimulus, US economic growth could rival or even surpass China’s
3 years, 9 months ago

After Biden stimulus, US economic growth could rival or even surpass China’s

CNN  

New York CNN Business — For decades, China’s economy has grown much faster than America’s. And it will help pull the rest of the world out of this Covid crisis.”," said Gregory Daco, chief US economist at Oxford Economics All of this means that US GDP growth could rival or perhaps even surpass that of China. The United States hasn’t …

China Will Overtake US Economy, but Its Hegemony May Look Different: Former Indian Foreign Secretary
4 years, 3 months ago

China Will Overtake US Economy, but Its Hegemony May Look Different: Former Indian Foreign Secretary

News 18  

China will take over the US to become the world's largest economy within a decade, but its dominance may not resemble the current US hegemony, former foreign secretary Vijay Gokhale said on Wednesday. "In fact, by one statistic, China has already invested close to 350 billion US dollars abroad which is just shy of American figure of over $400 billion," …

Debt as Chinese weapon?
4 years, 4 months ago

Debt as Chinese weapon?

The Hindu  

Declared by the United States and its allies as the leading threat to global stability, China has been accused of transgressions varying from stealing hi-tech secrets, spying and interfering in domestic politics of other countries to spreading viruses. On the other hand, lending to overseas investment and construction projects that can be included under the BRI, is estimated at around …

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