Xi hails China's economic growth despite pandemic setback
3 years, 11 months ago

Xi hails China's economic growth despite pandemic setback

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 has made major progress in developing its economy and eradicating rural poverty over the past year despite the coronavirus pandemic Chinese President Xi Jinping said in a New Year address Thursday. China was the first major economy to register positive economic growth in 2020, with its gross domestic product expected to exceed 100 trillion yuan for the year, Xi said on nationwide television, speaking from behind his desk in his wood-paneled office. China is encouraging tens of millions of migrant workers not to travel home during February’s Lunar New Year holiday to prevent further spread of the coronavirus, disrupting the most important family gathering of the year. Xi also hailed progress in lifting close to 100 million rural Chinese out of poverty over the last eight years and in “fully building a moderately prosperous society in all respects.”

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History of this topic

Xi digs in with top-down economic plan even as China drowns in debt
2 days 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, …

From BRICS to APEC: Chinese charm offensive and Xi Jinping's renewed outreach
1 month ago

From BRICS to APEC: Chinese charm offensive and Xi Jinping's renewed outreach

Firstpost  

China’s economic slowdown and the impending Trump presidency have prompted a shift in its diplomatic approach, marked by a rework in tone, which has been somehow braced by the outgoing Biden administration and traditional US allies, like Japan On November 15, Chinese President Xi Jinping met Japanese Prime Minister Shigeru Ishiba on the sidelines of the Asia-Pacific Economic Cooperation summit …

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'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.

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 …

Stimulus Measures to Ignite Chinese Economy
2 months, 1 week ago

Stimulus Measures to Ignite Chinese Economy

China Daily  

China's economy is expected to pick up pace in the fourth quarter, supported by a slew of bolder-than-expected stimulus measures. The focus will be on tackling issues faced by enterprises, spurring consumption, and stabilizing the real estate sector to achieve the country's annual growth target of 5 percent.

Stimulus Measures to Rev Up China's Economy
2 months, 1 week ago

Stimulus Measures to Rev Up China's Economy

China Daily  

China's economy is expected to pick up pace in the fourth quarter, supported by a combination of monetary and fiscal stimulus measures. The focus will be on tackling issues faced by enterprises, spurring consumption, and stabilizing the real estate sector to achieve the country's growth target of 5 percent.

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 …

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 …

IMF upgrades its forecast for China’s economy, but says reforms are needed to support growth
6 months, 3 weeks ago

IMF upgrades its forecast for China’s economy, but says reforms are needed to support growth

Associated Press  

The International Monetary Fund has upgraded its forecast for China’s economy, while warning that consumer-friendly reforms are needed to sustain strong, high-quality growth. The IMF’s report, issued late Tuesday, said the world’s second-largest economy will likely expand at a 5% annual rate this year, based on its growth in the first quarter and recent moves to support the property sector. …

Xi Jinping's order? China doesn't want social media influencers to flaunt wealth because…
6 months, 3 weeks ago

Xi Jinping's order? China doesn't want social media influencers to flaunt wealth because…

Hindustan Times  

Chinese social media sites such as Weibo, Xiaohongshu, and Douyin; China's loose versions of Twitter, Instagram, and TikTok cracked down on influencers known for flaunting wealth due to China’s income inequality. This goes back to China's President Xi Jinping promoting "common prosperity," or the ideal of providing wealth more equally to all Chinese citizens, Business Insider reported. A CNA report …

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. …

China’s Xi meets foreign business leaders amid jitters over economy
8 months, 4 weeks ago

China’s Xi meets foreign business leaders amid jitters over economy

Al Jazeera  

Meeting comes as Beijing seeks to woo foreign investment after a challenging few years for world’s No 2 economy. Taipei, Taiwan – Chinese President Xi Jinping met with American business leaders and academics at Beijing’s Great Hall of the People, state media has reported, as he tries to woo foreign investment back to China after a challenging few years for …

Vantage | Why even the Chinese don't want to invest in China now
9 months, 2 weeks ago

Vantage | Why even the Chinese don't want to invest in China now

Firstpost  

A woman reacts in front of an electronic screen displaying stock prices at a brokerage house in Hangzhou in east China's Zhejiang province, on 5 February, 2024. Chinese investors rush abroad For decades, China’s economy resembled a glamorous cruise liner, attracting investors from around the globe eager to partake in its prosperity. However, recent headlines from Beijing tell a different …

5 reasons why China's 5% GDP growth target is in the news
9 months, 2 weeks ago

5 reasons why China's 5% GDP growth target is in the news

Firstpost  

Analysts have been warning investors to stay away from investing in China. Goldman Sachs chief investment officer Sharmin Mossavar-Rahmani said, ‘Most people think that is not the real growth number—it was actually a lot weaker’ Premier Li Qiang addressed National People's Congress at the Great Hall of the People in Beijing on Monday. Reuters file China is still in the …

Year of the Dragon: China faces critical moment in push to revive economy
10 months ago

Year of the Dragon: China faces critical moment in push to revive economy

Al Jazeera  

Analysts say Beijing needs to roll out measures to stimulate greater domestic consumption amid slowing growth. “China didn’t see the boost most people expected after COVID restrictions were removed in late 2022,” Kevin P Gallagher, the director of the Boston University Global Development Policy Centre, told Al Jazeera. Consumption, by contrast, is viewed as indulgent.” Shih added: “There are 1.4 …

As China’s markets crash, its consumers cower
10 months, 2 weeks ago

As China’s markets crash, its consumers cower

Live Mint  

MOST EMERGING economies struggle to live within their means; China struggles to live up to them. “The Chinese market, with its vast space and growing depth, will play an important role in boosting aggregate global demand," Li Qiang, China’s prime minister, told the World Economic Forum in Davos last month. A new IMF review of China’s prospects published on February …

Chinese shudders: Fewer people is bad news
11 months, 1 week 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 …

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 …

China emerged from 'zero-COVID' in 2023 to confront new challenges in a changed world
1 year ago

China emerged from 'zero-COVID' in 2023 to confront new challenges in a changed world

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US 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. “This year started on a such …

China emerged from ‘zero-COVID’ in 2023 to confront new challenges in a changed world
1 year ago

China emerged from ‘zero-COVID’ in 2023 to confront new challenges in a changed world

Associated Press  

BEIJING — China’s prospects for 2024 look uncertain, as a year that opened free of COVID-19 lockdowns winds down without the dreamed of robust recovery for the world’s No. “This year started on a such optimistic note,” said Wang Xiangwei, a China expert and former editor-in-chief of the South China Morning Post newspaper. it seems to be a realistic solution …

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 …

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 …

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, …

From deflation to high debt burden: Here’s 5 things happening in Chinese economy
1 year, 1 month ago

From deflation to high debt burden: Here’s 5 things happening in Chinese economy

Live Mint  

China is facing the challenges of an economic deceleration and a substantial debt crisis within its real estate industry. “Combating persistent disinflation amid weak demand remains a challenge for Chinese policymakers,” Bruce Pang, chief economist for Greater China at Jones Lang LaSalle Ltd told Bloomberg. Better growth forecasts- Despite a slowdown, the future doesn't look very bleak for the Chinese …

Economic policy with Chinese characteristics
1 year, 1 month ago

Economic policy with Chinese characteristics

Hindustan Times  

China’s economy has been a tailspin recently that is the result of politics as much as of objective economic conditions. To take just the case of India, the massive telecom revolution in the country would not have been possible without access to cheap Chinese products – and one might add, China’s unscrupulous economic and trade practices of stealing tech, subsidising …

Chinese factory activity contracts in October as pandemic recovery falters
1 year, 1 month ago

Chinese factory activity contracts in October as pandemic recovery falters

Associated Press  

HONG KONG — An official survey of manufacturers shows China’s factory activity contracted in October, suggesting the economy remains on uneven footing. The purchasing managers’ index, or PMI, fell to 49.5 in October on a 100-point scale, down from 50.2 last month, according to the National Bureau of Statistics and the China Federation of Logistics & Purchasing. The non-manufacturing PMI …

China's economic growth slows to 4.9% in third quarter, amid muted demand and deflationary pressures
1 year, 2 months ago

China's economic growth slows to 4.9% in third quarter, amid muted demand and deflationary pressures

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 slowed in 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 {{ …

May not be a 'Chinese Century': How Xi Jinping's economic mismanagement can derail Beijing's big dreams
1 year, 3 months ago

May not be a 'Chinese Century': How Xi Jinping's economic mismanagement can derail Beijing's big dreams

Firstpost  

A slower China means less demand for commodities and imports and less geopolitically-driven Chinese investments and influence in places like Africa The at least $17.7 trillion Chinese economy has been facing a slowdown recently, which is hard to miss due to China’s global trade and investment connections. The IMF expects China’s economy to expand 5.2 per cent this year after …

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, …

Xi: People long for open, clean, inclusive world
1 year, 4 months ago

Xi: People long for open, clean, inclusive world

China Daily  

He says emerging economies, developing nations reshaping international landscape President Xi Jinping warned on Tuesday of the danger of a new Cold War and urged countries to strengthen solidarity and cooperation to cope with the risks and challenges the world is facing. Noting that today's world is a community with a shared future, Xi said people around the planet do …

China’s Xi calls for measures to mitigate disastrous flooding amid economic slowdown
1 year, 4 months ago

China’s Xi calls for measures to mitigate disastrous flooding amid economic slowdown

Associated Press  

BEIJING — Chinese leader Xi Jinping has called for measures to mitigate the effects of this year’s disastrous flooding which has left scores dead and inflicted massive damage on crops, homes and infrastructure, including in and around Beijing. “As China is still in the main flood season, rainstorms, floods, typhoons and other disasters still occur frequently in many places across …

China's Xi calls for measures to mitigate disastrous flooding amid economic slowdown
1 year, 4 months ago

China's Xi calls for measures to mitigate disastrous flooding amid economic slowdown

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 economic resilience: Beyond Western misconceptions
1 year, 4 months ago

China's economic resilience: Beyond Western misconceptions

China Daily  

Containers are unloaded from a ship at a port of Qingdao, East China's Shandong province. Recent claims by some Western politicians and media outlets alleging that China's economic slowdown could jeopardize global growth deeply misconstrue realities. Furthermore, propagandized portrayals of looming "China collapse" theories reveal more about internal Western anxieties than actual Chinese economic conditions. Objective examination of China's durable …

Six things to watch in China's economy
1 year, 5 months ago

Six things to watch in China's economy

China Daily  

This photo taken on April 21, 2023 shows a job fair held in Yinchuan, Northwest China's Ningxia Hui autonomous region. Unemployment China's job market has been stable this year, with the unemployment rate of those between 25 and 59 years old in June at 4.1 percent, lower than the pre-pandemic level in 2019. However, a 21.3 percent surveyed unemployment rate …

Ignoring experts, China’s sudden zero-COVID exit cost lives
1 year, 9 months ago

Ignoring experts, China’s sudden zero-COVID exit cost lives

Associated Press  

BEIJING — When China suddenly scrapped onerous zero-COVID measures in December, the country wasn’t ready for a massive onslaught of cases. “It wasn’t a sound public health decision at all,” said a China CDC official, declining to be named to speak candidly on a sensitive matter. At a mid-April internal panel discussion recently made public by the Beijing-based Center for …

China's President Xi Jinping wants bigger global role after Saudi-Iran deal
1 year, 9 months ago

China's President Xi Jinping wants bigger global role after Saudi-Iran deal

Firstpost  

Bejiing: President Xi Jinping called Monday for China to play a bigger role in managing global affairs after Beijing scored a diplomatic coup as the host of talks that produced an agreement by Saudi Arabia and Iran to reopen diplomatic relations. China should “actively participate in the reform and construction of the global governance system” and promote “global security initiatives,” …

Economic rebound prompts investment, new goals for foreign multinationals
1 year, 9 months ago

Economic rebound prompts investment, new goals for foreign multinationals

China Daily  

A Siemens staff member introduces the company's surgical robot to doctors in Qionghai, Hainan province, in 2021. Hou Yang, chairman and CEO of Microsoft Greater China, said multinationals are joining policymakers in hoping that measures announced at the two sessions will effectively reboot China's economic development dynamics, both internal and external. "At the highest level, Microsoft believes that the digital …

China’s manufacturing activity storms ahead with fastest growth in a decade post Covid-19 lull
1 year, 9 months ago

China’s manufacturing activity storms ahead with fastest growth in a decade post Covid-19 lull

Firstpost  

Beijing: Manufacturing activity in China expanded last month at the fastest pace in more than a decade, an official index revealed on Wednesday. The country’s factory output stormed ahead as production increased across sectors after stringent Covid-19 curbs were lifted in December last year. China—which is the world’s second-largest economy recorded one of its worst years in nearly half a …

Watch: Jamie Raskin turns tables on GOP by reading Trump's statements gushing over China
1 year, 9 months ago

Watch: Jamie Raskin turns tables on GOP by reading Trump's statements gushing over China

Raw Story  

Rep. Jamie Raskin on Tuesday turned the tables on his Republican colleagues by reminding them of former President Donald Trump's repeated past statements heaping praise on the leadership of the Chinese Communist Party. During a House Oversight Committee hearing, Raskin responded to accusations by Rep. Lauren Boebert that accused the media of trying to silence questions about the Chinese government's …

China Is Eager To Change Its Diplomatic Tone To Launch A Charm Offensive
1 year, 10 months ago

China Is Eager To Change Its Diplomatic Tone To Launch A Charm Offensive

The Quint  

Domestically, the slowdown in the Chinese economy began even before the pandemic. Data shows that under Xi, GDP growth has declined from 7.8 percent in 2013 to just 3 per cent last year. Now, despite international agencies like the International Monetary Fund revising their growth projections for 2023 from around 4 percent to above 5 percent, there will be a …

China’s economic activity expands for the first time in months as Covid ‘exit wave’ ends
1 year, 10 months ago

China’s economic activity expands for the first time in months as Covid ‘exit wave’ ends

CNN  

Hong Kong CNN — Economic activity in China has expanded for the first time in four months as disruptions caused by the abrupt end of its zero-Covid policy appears to be fading. Last week, the Chinese Center for Disease Control and Prevention said in a report that China’s current wave of Covid outbreak was “nearing an end.” The official PMI …

Explained: How China's economic slowdown could affect the rest of the world
1 year, 10 months ago

Explained: How China's economic slowdown could affect the rest of the world

Firstpost  

Observers have already predicted that China would fall into the middle-income trap, and now evidence has emerged that the country is struggling to maintain its miracle of sustained higher growth rates of 10 per cent or more Beijing: According to China’s National Bureau of Statistics, the annual GDP growth of the country fell to three per cent, much below the …

China’s economic growth falls to 3%, gradually reviving
1 year, 11 months ago

China’s economic growth falls to 3%, gradually reviving

Associated Press  

BEIJING — China’s economic growth fell to its second-lowest level in at least four decades last year under pressure from anti-virus controls and a real estate slump, but activity is reviving after restrictions that kept millions of people at home and sparked protests were lifted. Economic growth sank to 2.9% over a year earlier in the three months ending in …

China’s economy grew 3 per cent last year, not even half 2021's rate
1 year, 11 months ago

China’s economy grew 3 per cent last year, not even half 2021's rate

Firstpost  

China’s economic growth fell to 3 per cent last year under pressure from antivirus controls and a real estate slump but is gradually reviving after restrictions that kept millions of people at home were lifted. Beijing: China’s economic growth fell to 3 per cent last year under pressure from antivirus controls and a real estate slump but is gradually reviving …

China’s economy grows 3% in 2022, hit by lockdowns, Covid surge
1 year, 11 months ago

China’s economy grows 3% in 2022, hit by lockdowns, Covid surge

The Hindu  

China’s economy grew 3% in 2022, the second-slowest growth rate since the last year of Mao Zedong’s Cultural Revolution in 1976, with the last quarter of the year seeing declining growth as the country dealt with a sweeping COVID-19 surge. The past year, however, has seen China’s “zero-Covid” policy, which was discontinued in early December, extract heavy economic tolls. Kang …

IMF chief's advice to China on reopening economy amid Covid
1 year, 11 months ago

IMF chief's advice to China on reopening economy amid Covid

Hindustan Times  

The head of the International Monetary Fund urged China to move forward with reopening its economy, calling the nation’s transition from a Covid Zero policy to more normal functioning likely the single most important factor for global growth in 2023. Read here: WHO says Covid deaths in China ‘heavily underreported’; praises US transparency The Washington-based financial institution believes that a …

China economy recovering but hampered by virus outbreaks
1 year, 11 months ago

China economy recovering but hampered by virus outbreaks

Associated Press  

BEIJING — Wang Jian is anxious to get back to work teaching basketball to children now that China has lifted anti-COVID-19 restrictions. “If parents worry about possible reinfection, they simply won’t send their children for training.” The abrupt decision by President Xi Jinping’s government to end controls that shut down factories and kept millions of people at home will move …

Chinese economy enjoys 'strong resilience'
1 year, 11 months ago

Chinese economy enjoys 'strong resilience'

China Daily  

Longtan Container Terminal of Nanjing Port in Nanjing, Jiangsu Province, May 6, 2022. Chinese economy demonstrates strong resilience The US has sought to persuade countries to reduce their dependence on China, via "friend-shoring" by shifting production and trading chains from China to like-minded partners sharing a similar politics, ideology and values, especially China's Asian neighboring economies. Chinese economy contains tremendous …

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