Post Tagged with: "China Economy"

Can China walk out of economic difficulties by relying on its old playbook of debt?

Can China walk out of economic difficulties by relying on its old playbook of debt?

China is banking on a new wave of debt-fuelled infrastructure spending to arrest a deepening economic slowdown, but the surge in local government debt may complicate Beijing’s long-term efforts of reining in financial risks in its economy. In an unusual move last week, China’s National People’s Congress Standing Committee authorised […]

Chinese companies cool on annual CES Vegas tech show amid trade war and economic uncertainty

Chinese companies cool on annual CES Vegas tech show amid trade war and economic uncertainty

The annual CES consumer electronics trade show in Las Vegas – the biggest technology and consumer electronics exhibition in the world, with around 175,000 expected attendees and 4,000 exhibitors – will kick off this week with about 20 per cent fewer Chinese merchants. Not a big surprise perhaps, given the […]

Inside the US delegation for China trade war talks: Washington’s big guns will be absent

Inside the US delegation for China trade war talks: Washington’s big guns will be absent

The US delegation that will head to Beijing on Monday for the next round of trade war negotiations will lack some of the high-ranking officials who took part in previous high-stakes meetings, the United States Trade Representative‘s Office confirmed on Friday. US Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin […]

China stimulus spending expected to stabilize economy amid challenges

China stimulus spending expected to stabilize economy amid challenges

A view of the container port in Lianyungang, East China‘s Jiangsu Province in December 2018 Photo: VCG As the outlook remains gloomy for the Chinese economy in 2019, all eyes have turned to the question of how the nation‘s policymakers intend to navigate through a barrage of challenges, which range […]

China makes ‘US$102 billion’ move to aid slowing economy, but will it be effective?

China makes ‘US$102 billion’ move to aid slowing economy, but will it be effective?

The effectiveness of a move by China’s central bank to inject up to an expected 700 billion yuan into the world’s second largest but worryingly slowing economy is difficult to calculate given the lack of transparency in the monetary policy, warned a chief economist. The People’s Bank of China (PBOC) […]

China, US set to join groundbreaking talks at WTO aimed at limiting government snooping on private data

China, US set to join groundbreaking talks at WTO aimed at limiting government snooping on private data

China and the United States are to take part in groundbreaking talks on restricting government surveillance of private companies’ e-commerce data. A proposal to this effect will be introduced by Australia, Japan and Singapore this month, according to the Nikkei Asia Review. The proposed ruling, which has been in the […]

China must quickly ‘quench the immediate thirst’ of a deepening economic slowdown, senior economist Yu Yongding says

China must quickly ‘quench the immediate thirst’ of a deepening economic slowdown, senior economist Yu Yongding says

Arresting a deepening economic slowdown, not making “baseless” deep-rooted structural reforms, should be the top priority for China’s economy in 2019, a senior economist said. Yu Yongding believes Beijing needs to take every possible measure, including increasing money supply and boosting fiscal spending, to prevent the world’s second largest economy […]

Baidu CEO warns that ‘winter is coming’ amid slowing growth, economic restructuring

Baidu CEO warns that ‘winter is coming’ amid slowing growth, economic restructuring

Baidu chief executive Robin Li Yanhong warned that “winter is coming” as China’s economy shifts to a lower gear, while challenging employees at the company he co-founded to step up their game. While economic restructuring is “as cold and real as winter to every company,” Li said in a letter […]

China economy endures bad start to 2019 as private data highlights weakening manufacturing sector

China economy endures bad start to 2019 as private data highlights weakening manufacturing sector

China’s slim hopes of an economic upturn in 2019 suffered a blow on the first working day of the new year as a privately compiled economic gauge showed signs of weakening manufacturing activities. The Caixin Purchasing Managers’ Index (PMI), which tracks the activities of small and medium-sized enterprises, dipped below […]

As the state tightens its grip on the economy, will China reject capitalism again?

As the state tightens its grip on the economy, will China reject capitalism again?

has just celebrated the 40th anniversary of its economic liberalisation. While everyone praised Deng Xiaoping again for his vision and leadership, one of his famous sayings, “Let some people get rich first”, was conveniently not mentioned. Amid , that slogan just doesn’t feel appropriate now. If China were to hold […]