Xi’s China EV Dream Came True. 10 Years On, Walls Are Going Up
(Bloomberg) — Ten years ago almost to the day, while checking out a handful of luxury sedans from one of China’s largest automakers SAIC Motor Corp., President Xi Jinping gave a pivotal speech that would set China on the course…
‘Get used to living frugally’: China asks officials to use own cup, travel by bike – Times of India
China’s economy is battling a barrage of challenges, including a deepening housing slump, fears of a deflationary spiral and high levels of youth unemployment. As China grapples with a myriad of economic challenges, the government is taking significant steps to…
Hong Kong exports rebound despite Sino-US trade war – Asia Times
Hong Kong’s exports and imports rebounded in the first quarter of this year after a significant year-on-year decline in the same period of last year. The logistics hub saw its exports rise 11.9% to HK$1.06 trillion (US$135 billion) in the…
View: The ‘Modi-fication’ of India is still thrilling markets
In late 2013, when Goldman Sachs Group Inc. turned optimistic on India after a sharp slowdown in growth, the bank titled its report as, “Modi-fying Our View.” The reference was to Narendra Modi, by then the market’s favorite to become…
‘Don’t jump to conclusions’: China needs balance amid US, EU overcapacity fears
China should be mindful of risks from overcapacity and prudently formulate industrial policies to guide enterprises amid Beijing’s hi-tech push in order to reorient economic growth and nurture new industries, a former government adviser said on Tuesday. Beijing’s bid to…
How China’s Cheap Exports Boost Its Economy And Kill Ours
China is flooding the world with cheap goods (aka dumping) to reboot its economy, threatening the jobs and survival of competing industries in other countries. This week, President Joe Biden, speaking to a group of union workers in Pennsylvania, called for increasing the U.S….
China’s 5.3% Magic Trick Doesn’t Disappear Deflation
Zhang Peng/LightRocket via Getty Images China did it again, growing 5.3% against all odds to dispel worries that Asia’s biggest economy is in trouble. Yet there are two problems with this stronger-than-expected year-on-year gain in the first quarter. One, this…
Former China central bank official warns of miscategorising ‘virtual economy’
“My view is, we cannot simply categorise the service sector as the ‘virtual economy’,” Sheng said at a forum in Shanghai earlier this week while comparing China’s service sector with that of the United States. ‘Seismic shifts’ in China economy…
Former China central bank official warns of miscategorising ‘virtual economy’
“My view is, we cannot simply categorise the service sector as the ‘virtual economy’,” Sheng said at a forum in Shanghai earlier this week while comparing China’s service sector with that of the United States. ‘Seismic shifts’ in China economy…
Million-dollar analyst jobs at risk in China’s research pullback
The cutbacks, described by people familiar with the matter, come as a prolonged market slump reduces trading commissions and authorities tighten limits around what research analysts are allowed to publish. It’s a stark turnaround from a few years ago, when…