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 Chinese economy

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updated Thu. April 5, 2018

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China's economy appears to have jumped out of the blocks in 2018 with industrial production rebounding after the easing of pollution controls imposed ... Capital Economics' Julian Evans-Pritchard said while he remained cautious given the data had similar flaws to Chinese GDP calculations, the overall ...
Larry Kudlow, the new director of the National Economic Council, issued harsh trade rhetoric against China in his first public remarks. ... sound and steady, you're going to have a terrific economy, if government has a modest approach and lets people do what they need to do and allows the freedom to do it, ...

"One should be cautious before we say this is a one-way street," Ross said of the economic relationship between the U.S. and China. Reports on Tuesday said President Donald Trump's administration is considering a trade package including tariffs on $60 billion worth of Chinese goods, which may target ...
Other indicators signal sluggish Chinese consumption as well. Spending during the Lunar New Year holiday grew at the slowest pace since such measurements began in 2005. Personal expenditures rose 5.4% in real terms last year, 1.4 percentage points lower than in 2016. Smartphone sales declined ...
One school of thought holds that China is a rising economic power poised to conquer the world. The other ... What some take to be the Chinese economy's weaknesses have, in fact, been strengths. ... This has allowed China's leaders to put the economy on a more sustainable growth path in recent years.
It was Beijing's latest statement on "problems in Sino-U.S. economic trade and cooperation," alluding to President Donald Trump's plan to impose heavy tariffs on imported ... Citing Chinese researchers, Zhong said the U.S. has been overstating its trade deficit with China by about 20 percent every year.

The Chinese government needs to wean the debt-laden economy off the belief that Beijing will stage a bailout if problems crop up, says a Tsinghua ... China has been battling high debt levels for years, but debt-to-GDP ratio is still about 260 percent, according to the Bank of International Settlements.
By the middle of last year, it was more than two and a half times the value of the entire Chinese economy, according to the Bank of International ... But some experts argue that extending Xi's period in office could help him to step up efforts to address the economic problems China faces, and lead to greater ...
The economic growth target announced Monday is part of a broader "work report" delivered each year by Chinese Premier Li Keqiang in which he provides other details about the government's plans and expectations for the country's huge economy. The central government intends to shrink its budget ...
China had planned to send a large delegation of about 40 people to accompany its most senior economic adviser, Liu He, on his recent visit to Washington but after the US objected the number was cut to about 10, sources told the South China Morning Post. That meant Liu, President Xi Jinping's right-hand ...
After all, Chinese President Xi Jinping "is a super nationalistic leader and that also translates into economic and financial policies," Lam added, so it remains to be seen if he will open up the world's second largest economy meaningfully to foreign investors. China's announcement about greater market ...
China "still holds out hope that it can persuade the Trump administration to back off," said Scott Kennedy, an expert on the Chinese economy at the Center for Strategic & International ... A former schoolmate of the Chinese president, Liu is a key architect of China's economic policy during Xi's presidency.
G. Bin Zhao says the Chinese government's policies to curb the overheating real estate sector may have a negative impact on GDP growth in the short term, but ... Though preventing speculation can curb real estate bubbles, how will these real estate macro controls and regulations affect China's economy?
Chinese consumers spent more than ever during the Lunar New Year, but the rate of growth in expenditure appears to be cooling, adding to evidence that curbs on credit are beginning to weigh on consumption this year, according to analysts. Chinese consumers spent US$146 billion on activities ranging ...
“China's complicated economic and financial situation is similar to that of the '90s, when Zhu was in charge,” he said. “And the challenging role of China's central bank calls for a capable leader.” In the aftermath of a global recession in the early 1990s, the Chinese economy was crippled by excessive ...
India, which has had longstanding political and security ties to the islands about 400 km (250 miles) away, has sought to push back against China's expanding presence in the overwhelmingly Muslim country of 400,000 people. Maldivian opposition leaders have urged New Delhi to intervene in the crisis.
The Chinese president may delegate much of China's economic management to Liu's team, “largely bypassing the premier”, said Steve Tsang, director of the SOAS ... “They should be in a position to put in place a reform programme that seeks to rebalance the economy and reduce risk at the same time.”.

Heavy tariffs and quotas on steel will hurt China, but other countries may well bear the brunt of such measures. ... The recommendations call for tariffs on multiple countries, although Trump could determine that specific nations should be exempt, based on the economic or security interests of the United ...
The China-Pakistan Economic Corridor (CPEC), as this leg of China's massive regional infrastructure spending push is known, will boost Pakistan in the eyes of investors, said Farrukh Khan, a specialist on the country's economy. "I would expect other foreign direct investment flows to increase as the CPEC ...
China is spending billions of dollars to revive its famous Silk Road trade routes in order to increase trade deals around the world in a bid to become a key economic ally of dozens of countries. It is said that serious discussions are now being held by the United States, Australia, India and Japan, known as ...
A study conducted by researchers from Shanghai Jiao Tong University in 2016 surveyed more than 4,000 people in the city and found that 0.77 per cent were vegetarians. Chinese state media have quoted America's Public Radio International as saying China has about 50 million vegetarians, or about 3.5 ...
BENGALURU: Former foreign secretary Shivshankar Menon today said India and China always managed to de-escalate tensions in the event of ... ambassador to the US Husain Haqqani, who has been critical of Pakistan's military and political leadership, warned India to understand the Chinese game.
The tensions were apparent at the end of last year when Brussels and Beijing were due to hold the annual China-EU High-Level Economic Dialogue but ... annual China-EU summit in Brussels in June due to a rift on whether to grant China market economy status, which would make it easier for Chinese ...
One of the strongest drivers of global economic growth isn't factories or financial services or internet startups, it's what we do when we're not working. We are becoming a planet of tourists. Consider this: For the past seven years, the travel-and-tourism sector has outperformed the overall economy every year ...
But Chinese leaders are also conscious that any of these moves would also have a knock-on impact on its own economy. Chinese farmers need American soybeans to feed their livestock, and the country's rapidly growing aviation industry is ordering a lot of Boeing jetliners to help meet demand. China ...
The “empty nest youth” is an emerging theme in the Chinese economy, according to the first Economy of Loneliness report released in January by Momo, a dating application and operator of the mainland's largest video streaming platform, and Xiaozhu, a home-sharing app similar to Airbnb. The report says ...
Predicting China's upcoming economic collapse is a popular contrarian viewpoint, but it is not so easy to generate a convenient scenario if you look at data that is driving global inflation fears. Credit is like a ... Recent Chinese new loan data explains how China is creating more debt to fuel its economy.
China is the largest consumer of commodities worldwide, and the second largest economy behind the United States. Macquarie Bank decided to look at the commodities most exposed to the performance of the Chinese economy. It found base and bulk commodities would be the most impacted by a ...
Ahead of a UN Security Council meeting today to discuss the situation in the Maldives after UN officials offered to facilitate all-party talks to resolve the crisis, Chinese foreign ministry spokesman Geng Shuang told media here that China is for relevant parties in the island nation to hold parleys.
So far, the network covers regions in the northwest Pacific Ocean, the mid and north Indian Ocean, and the South China Sea. BEIJING: China is establishing its first global real-time ocean observation network covering most parts of the Pacific, Indian Ocean and the South China Sea, according to Chinese ...
“There is long-term demand driving capital outflow because as China's economy matures, people want to diversify their asset portfolios and buy overseas assets,” said Claire Huang, a China ... An even stronger yuan would hurt Chinese exports and raise the costs of its economic structural reform, he said.
But to grasp China's economic achievement, and its ramifications, it is imperative to ask: Why has a market economy directed by a Communist state ... Also, the Chinese were then seeking a third way: They looked to Japan and Singapore rather than the United States for economic models that would ...
NEW DELHI: To counter China's commitment towards artificial intelligence, the government has formed a high-level committee headed by NITI Aayog vice chairman Rajiv Kumar to lay out a roadmap for India's research and development on AI and its applications. The panel, which will be a mix of ...
China today opposed any military intervention in the Maldives, saying such a move would further complicate the situation, a day after former Maldivian ... He also sought to refute allegations by the Maldives opposition parties that China is backing Yameen because he has approved several Chinese projects ...
The daylight shooting caused concern in China as several thousand Chinese are employed in Pakistan, working on a host of projects connected with the USD 50 billion China-Pakistan Economic Corridor (CPEC) over which India has raised objections as it traversed through Pakistan-occupied Kashmir.
The upside for China in the US stock market plunge – from the Chinese economist who tipped a big fall ... A record points plunge in the US stock market this week could be good news for China's exporters, according to a Chinese government economist ... The strong yuan is of little benefit to the economy.”.
Conditions look unlikely to improve. The China Association of Automobile Manufacturers forecasts another year of 3% growth in 2018. The slowdown owes in large part to the government scaling back or ending incentives, including a tax cut on small cars introduced in October 2015 as part of an economic ...
In 2016, Chinese investors took over more companies in Europe than in the previous four years combined, most of them in Germany. The trend did ... The report deals primarily with political issues but it also urges EU action on some economic fronts, notably on how the bloc deals with Chinese investment.
Trade and investment with China support roughly 2.6 million jobs in the U.S. Any rupture in relations would come at a high economic cost for American citizens, likely leading to downward pressure on the stock market, higher prices for Chinese-manufactured goods like iPhones and weaker economic ...
Standing in President Xi's place was Liu He, economic advisor to President Xi and member of China's Politburo. ... He closed by describing the rebalancing of the Chinese economy from one dependent on exports to one that will shift toward harnessing the spending power of over one billion people.
2 economy didn't implode under a mountain of debt, nor did trade tensions with the U.S. bring exports undone. And there certainly hasn't been the trade ... So China has gone from a swing factor in the global economic order to something more like the rock underpinning the global outlook. A great reason for ...
China is squeezing more economic growth out of new credit, signaling that the nation is shedding some of the wasteful investment of the past. ... Another factor is a rising contribution to growth from consumption, services and the new economy, which are less credit intensive than the “old economy”, said ...
President Trump takes part in a welcoming ceremony with Chinese President Xi Jinping in Beijing. ... China's economy is showing a divergence. ... This makes the economic health of the rest of the world incredibly important to China, because as its domestic economy slows it will depend on demand from the rest of the world ...
Chinese policymakers have been trying to contain financial risks and slow an explosive build-up in debt without stunting economic growth. The world's second-largest economy easily beat the government's target of around 6.5% for 2017 and quickened from 2016 growth of 6.7%, which was the weakest ...
China's cross-border capital flows reached a turning point last year as they became basically balanced compared to previous net outflows, the foreign exchange regulator said on Thursday. Cross-border capital flows will remain largely steady in 2018 as the impact from the U.S. Federal Reserve's policy ...
The statistics agency reports that the value of China's exports grew by nearly 11 percent from 2016, while the combined value of imports and exports rose by 14.2 percent. China's trade surplus was reported at more than 2.87 trillion yuan — around $447 billion. China's economy is the second-largest in the ...
"The crux of why the Chinese economy was able to perform so well is that we insisted on not implementing a flood of stimuli" and instead sought to foster "new sources of growth", he said. Beijing is trying to rebalance China's economic model from one dependent on exports and state investment to domestic ...
French President Emmanuel Macron will head to China next week to strengthen commercial ties with the world's second-largest economy. It will be Macron's first state visit to China since he won election last year. According to the Elysee, Macron will meet with Chinese President Xi Jinping on January 9 ...
Meanwhile, concerns about debt will push the Chinese government to slow down on infrastructure growth, said Vincent Chan, Credit Suisse's head of China macro research. Nonetheless, credit growth is still a big problem. But authorities are able to fence off the economy and financial systems from external ...
The China-Pakistan Economic Corridor initiative created euphoria in Pakistan, but in Gilgit-Baltistan, a disputed northern region, the locals are concerned ... "The Chinese are known for implementing development projects without caring much about environmental issues," Farman Ali, a political activist from ...


 

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