Xi digs in with top-down economic plan even as China drowns in debt
1 day, 23 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, referring to a pronouncement the leader made three years ago when China’s economy, driven by Western demand for its exports, experienced a short-lived recovery from the Covid pandemic. Like many economists, Koo believes China faces what he calls “a race against time" to address the country’s mounting growth problems before it slips into a long-term downturn, made worse by unfavorable demographics. Xi’s dismissal made the topic all-but-taboo in Chinese policymaking circles, the people said, despite concern among economists that China could fall into a vicious cycle of falling prices and weak demand. About a week later, Xi used a meeting with President Biden in Peru to warn Trump not to challenge Beijing on major issues the two powers are at odds over, including China’s sovereignty claim over Taiwan, human rights, its party-state system, or what Xi calls China’s “right to development"—a reference to U.S. restrictions on Chinese access to Western chips and other technologies.

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History of this topic

"The last thing we need to do": Biden rails against Trump's proposed tariffs
Trending News
3 weeks, 5 days ago

"The last thing we need to do": Biden rails against Trump's proposed tariffs

Salon  

Joe Biden asked Donald Trump to reconsider plans to impose tariffs on China, Mexico and Canada. Biden also said that the United States' relationship with China is in a good place and that a trade war would sour the mood between the White House and President Xi Jinping. "The one thing I’m confident about Xi is he doesn’t want to …

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 …

Chinese traders foretold a Trump win as Republican orders surged, yet fear a challenging future for China-US trade
1 month, 2 weeks ago

Chinese traders foretold a Trump win as Republican orders surged, yet fear a challenging future for China-US trade

ABC  

In the eastern Chinese city of Yiwu, known as the "world's supermarket", traders were cautiously optimistic yet wary as a wave of orders rolled in before the United States presidential election. Trump's tariffs could impact the global economy Photo shows A illustration of US and Chinese flags covering currency Trump's victory has far-reaching global economic and market ramifications. For many …

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.

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 …

China’s leaders vow to fight ‘risks’ plaguing economy
5 months ago

China’s leaders vow to fight ‘risks’ plaguing economy

The Hindu  

Beijing's leaders vowed on July 18 to resolve "risks" plaguing China's economy, but were yet to offer any concrete steps to pull the country out of its financial woes. ‘Market failures’ But Hoo Tiang Boon at Nanyang Technological University in Singapore told AFP the statement "acknowledges certain risks and obstacles to the Chinese economy". With the country facing those headwinds, …

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: Xi Jinping meets US executives, tries to woo foreign investors
8 months, 3 weeks ago

China: Xi Jinping meets US executives, tries to woo foreign investors

Firstpost  

Beijing hopes to accelerate the expansion of the second-biggest economy in the world after FDI declined by 8% in 2023 as a result of investor anxiety over an anti-espionage law, exit restrictions, and raids on consultancies and due diligence businesses Even though Chinese leaders openly court international investors, many businesses are unsure of when to cross the line due to …

Chinese president issues a positive message at a meeting with U.S. business leaders
8 months, 4 weeks ago

Chinese president issues a positive message at a meeting with U.S. business leaders

LA Times  

Chinese President Xi Jinping, center, walks with representatives from U.S. business, strategic and academic communities March 27 at the Great Hall of the People in Beijing. Chinese President 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 …

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 …

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 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 …

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 …

Containing China's technology ecosystem will remain a US policy priority
1 year, 1 month ago

Containing China's technology ecosystem will remain a US policy priority

Live Mint  

The most significant achievement of last week’s meeting between Joe Biden and Xi Jinping was that it took place. The post-meeting readout by the White House conceded little, saying that the meeting was “candid and constructive" and set the tone at the outset by noting that the US president “emphasized that the United States and China are in competition, noting …

China’s Xi warns West against economic ‘decoupling’
1 year, 2 months ago

China’s Xi warns West against economic ‘decoupling’

Al Jazeera  

The Chinese president praised his Belt and Road Initiative at its 10-year anniversary forum, saying it is the ‘right path forward’. Chinese President Xi Jinping has warned Western states against “decoupling” from his country’s economy, insisting amid declining foreign investment that China’s development should be viewed as not a threat but an asset. “We stand against unilateral sanctions, economic coercion, …

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 …

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 …

Biden’s dramatic warning to China
1 year, 10 months ago

Biden’s dramatic warning to China

CNN  

CNN — President Joe Biden starkly warned he will protect America against Chinese threats to its sovereignty and singled out President Xi Jinping – a striking escalation of a suspected spy balloon showdown during his State of the Union address. Biden called out Beijing on Tuesday before millions of viewers in the US and around the world as diplomatic tensions …

Analysis: Under Jiang, China projected a more open image
2 years ago

Analysis: Under Jiang, China projected a more open image

Associated Press  

He grinned, and — just eight years after the crackdown on democracy protesters in Tiananmen Square — the spectacle of China’s ruler beaming and glad-handing people in the very heart of capitalism seemed at once charming and really, really odd. Jiang’s death, smack in the middle of the most visible demonstrations since that 1989 bloodshed on Tiananmen Square, illuminates how …

Biden, Xi look to ‘manage competition’ amid rising tensions
2 years, 1 month ago

Biden, Xi look to ‘manage competition’ amid rising tensions

The Hindu  

U.S. President Joe Biden and Chinese President Xi Jinping on Monday discussed ways “to responsibly manage” the intensifying competition between their two countries in their first face-to-face meeting as leaders of the world’s two biggest powers. He told the U.S. President that “the current state of China-U.S. relations is not in the fundamental interests of our two countries and peoples” …

Xi Jinping just became unassailable. Here’s why investors are running scared
2 years, 1 month ago

Xi Jinping just became unassailable. Here’s why investors are running scared

CNN  

Hong Kong CNN Business — When Chinese leader Xi Jinping secured a historic third term in power at the weekend and stacked his top team with loyalists in a clean sweep not seen since the Mao era, investors were quick to pass judgment. “The market is clearly disappointed by the new seven-man Politburo Standing Committee which is filled with Xi’s …

China’s Xi Jinping, secure in power, faces deepening economic challenges
2 years, 1 month ago

China’s Xi Jinping, secure in power, faces deepening economic challenges

Live Mint  

His challenge will now be to show he can just as deftly manage an economy that has weakened considerably this year. Chinese markets tumbled on Monday after Beijing rolled out a party leadership packed with Xi loyalists, and the government said China’s economy expanded by 3.9% in the third quarter of 2022. Mr. Xi’s move to promote numerous allies and …

Fears Xi Jinping flaunting 'collective prosperity' in CCP Congress speech, signalling further winding back of economic reforms
2 years, 2 months ago

Fears Xi Jinping flaunting 'collective prosperity' in CCP Congress speech, signalling further winding back of economic reforms

ABC  

After Chinese President Xi Jinping gave a speech strewn with words such as "common prosperity" and "struggle", experts fear the Chinese Communist Party's economic approach could send the country backwards and cause more headaches for the global economy. Key points: Xi Jinping mentioned "security" or "safety" more times than at the last National Congress, while use of the word "reform" …

Chink in Xi Jinping's armour: Economy ‘trouble’ and China's plan
2 years, 2 months ago

Chink in Xi Jinping's armour: Economy ‘trouble’ and China's plan

Hindustan Times  

Development remains China’s top priority, Xi Jinping said on Sunday during a speech at the opening session of the 20th Chinese Communist party's congress adding that reforms will be made in the direction of a socialist market economy. Xi Jinping said that China must focus on high-quality development which should include work safety, supply chain resilience and the “dual circulation” …

China Party Congress: A decade under Xi marked by strongman rule, a yen to become a global power
2 years, 2 months ago

China Party Congress: A decade under Xi marked by strongman rule, a yen to become a global power

Hindustan Times  

Beijing: China’s 20th Communist party Congress, which begins on Sunday, is expected to give President Xi Jinping -- whose real power comes mainly from his post as general secretary of the Communist Party of China and his chairmanship of the Central Military Commission -- an unprecedented third term in control of the country. “More than anything else, Xi’s two terms …

Xi’s economy sees ‘beautiful life’ in China nationalism, control
2 years, 2 months ago

Xi’s economy sees ‘beautiful life’ in China nationalism, control

Al Jazeera  

Chinese President Xi Jinping is presiding over a new era that prioritises political control over economic development. “The people’s yearning for a good and beautiful life is the goal we must strive for.” Now, Xi, who looks set to secure an unprecedented third term at the 20th CPP Congress that begins on Sunday, faces the task of delivering rising living …

China’s economy is ‘in deep trouble’ as Xi heads for next decade in power
2 years, 2 months ago

China’s economy is ‘in deep trouble’ as Xi heads for next decade in power

CNN  

Hong Kong CNN Business — When Xi Jinping came to power a decade ago, China had just overtaken Japan to become the world’s second largest economy. “For 30 years, China was on a path that gave people great hope,” said Doug Guthrie, the director of China Initiatives at Arizona State University’s Thunderbird School of Global Management, adding that the country …

Real-estate debt, crackdowns and COVID policies throw a spanner in China’s economy
2 years, 2 months ago

Real-estate debt, crackdowns and COVID policies throw a spanner in China’s economy

The Hindu  

There are only a few workers today manning the whirring conveyor belts at the “intelligent logistics park” of the $100 billion Chinese e-commerce giant JD.com, which together with Alibaba dominates the world of Chinese online retail. JD’s recently accelerating push towards automation presents a snapshot of the state of China’s economy, as the country’s leadership pushes forward with ambitious plans …

As China's economy teeters under COVID-19 and housing market in meltdown, President Xi Jinping looks set to become permanent ruler
2 years, 2 months ago

As China's economy teeters under COVID-19 and housing market in meltdown, President Xi Jinping looks set to become permanent ruler

ABC  

By this time next week, China's President Xi Jinping will be well on the way to securing a stunning personal victory. After a decade of leading the world's second-largest economy, lifting China's global influence and positioning the country as a military superpower, Xi next week will cement his own destiny by securing a historic third term as general secretary of …

China’s Xi calls on nations to secure global supply chains
2 years, 11 months ago

China’s Xi calls on nations to secure global supply chains

Al Jazeera  

Leader of world’s No. Chinese President Xi Jinping called on nations to secure global supply chains and prevent inflation shocks, as the leader of the world’s No.2 economy seeks a smooth path to clinching a precedent-defying third term in power. “They would present challenges to global economic and financial stability, and developing countries would bear the brunt of it.” On …

China's Xi Jinping sounds alarm over inflation threat to global recovery
2 years, 11 months ago

China's Xi Jinping sounds alarm over inflation threat to global recovery

The Telegraph  

Surging inflation is threatening the global recovery and putting China’s economy under “tremendous pressure”, President Xi Jinping has warned. The leader of the world’s second-biggest economy told the Davos summit that the world is “emerging from the depth, yet it still faces many constraints” after the low inflation backdrop “notably changed”. “If major economies slam on the brakes or take …

Five perspectives on where Chinese economy is heading under Xi's thought
3 years ago

Five perspectives on where Chinese economy is heading under Xi's thought

China Daily  

People take photos at the Bund in Shanghai on July 21, 2021. A look into Xi's economic thought may help China watchers better understand the goals of China's development and how the country prepares to achieve them. BETTER LIFE To understand the objectives of China's economic governance, one must understand the phrase "principal contradiction." In a pivotal CPC meeting presided …

China’s Xi has cemented his power at the sixth plenum. Now he’s ready to meet Biden virtually
3 years, 1 month ago

China’s Xi has cemented his power at the sixth plenum. Now he’s ready to meet Biden virtually

CNN  

Editor’s Note: A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Senior officials on Thursday approved a resolution on the party’s “major achievements and historic experiences” since its founding 100 years ago, placing Xi on the same pedestal …

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

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

News 18  

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

World Economic Forum: China’s President Xi Jinping pushes for more global cooperation
3 years, 11 months ago

World Economic Forum: China’s President Xi Jinping pushes for more global cooperation

CNN  

CNN — Chinese President Xi Jinping has called for a return to multilateralism, with leaders working together to put the global economy back on track, in his first speech since his US counterpart, Joe Biden, took office. Speaking at the Davos Agenda event hosted by the World Economic Forum on Monday, Xi urged increased global cooperation in response to the …

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 …

The facade cracks for China
3 years, 11 months ago

The facade cracks for China

The Hindu  

The Spring Festival is when the Chinese are at their sprightly best. On June 30, 2020, minutes before the anniversary of Hong Kong’s handover to China by the British, China’s legislature approved a new national security law for Hong Kong. Comment | Behind China’s wolf warrior diplomacy During the Bund Summit, a conclave of regulators and bankers held in Shanghai, …

Chinese President Xi Jinping Warns 'Period of Turbulent Change' as External Risks Rise
4 years, 3 months ago

Chinese President Xi Jinping Warns 'Period of Turbulent Change' as External Risks Rise

News 18  

Chinese President Xi Jinping warned that the world’s second-biggest economy is facing a period of ‘turbulent change’ and that rising external markets risk required policymakers to increasingly rely on domestic demand to spur growth. The five-yearly economic blueprint is expected to be unveiled in the annual parliament meeting next year, and Xi said China must be prepared for “a period …

Fraying US-China relations tested by Donald Trump ahead of presidential election
4 years, 4 months ago

Fraying US-China relations tested by Donald Trump ahead of presidential election

Live Mint  

The almost daily drumbeat of tensions between the U.S. and China shows little sign of letting up, while touching on everything from the coronavirus to trade to defense issues to monetary policy. Against that background, it’s unclear how heated things may get between now and November, while the provocations mount: The Trump administration on Friday approved the sale of F-16 …

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