Worldcrunch
The 75,000 wholesalers in the export manufacturing hub of Yiwu say they have been moderately affected by the tariffs imposed by U.S. President Donald Trump, which he has just announced he will double. Many had already pivoted to developing countries to sell their goods.
China’s economy is doing badly. The party leadership will not tolerate criticism of its course, but is looking for ways out of the crisis. These five problems could hinder China’s growth for a long time.
The BRICS Summit, which opens on Tuesday in Kazan, Russia, is an opportunity for Vladimir Putin to show that he is not isolated. But it is above all the power of attraction of this club of emerging countries that needs to be seen, in a world dominated by the West since 1945 and struggling to evolve.
In China, sales of electric cars, consumer goods and industrial products are stalling. State-owned companies have built up excess capacity. The new plan is to flood the European market with the products. The first signs are appearing in Germany.
The credit giant becomes only the second player after American Express to be allowed to set up a bank card-clearing RMB operation in mainland China.
China’s economy is struggling, partly driven by a deepening economic rift with the U.S. That does not bode well for the rest of the world, particularly countries in the Global South, writes Argentine daily Clarín.
HONG KONG — Just when China’s economy seemed to be stabilizing, Donald Trump’s election as U.S. president poses significant new risks. Not just for Chinese growth, but the entire Asia region. That’s because the president-elect campaigned on a policy platform with protectionism at its center. Trump wants to slap punitive tariffs on Chinese goods and label the world’s No. 2 economy a currency manipulator. Such a move would hurt Chinese exports. But it could also trigger a trade war if Beijing retaliates, catching other Asian economies in the crossfire. Other worries: A planned major regional trade pact, the Trans-Pacific Partnership, […]
-OpEd- HONG KONG — Lately there have been snarky voices and Internet taunting directed at Hong Kong. This mostly comes from Chinese mainlanders declaring that Hong Kong’s economy is doddering and unprogressive, and that from both an entrepreneurial and infrastructure point of view, it is lagging behind the world and mainland China. Other critics say […]
REUTERS Worldcrunch BEIJING– Share prices across global markets advanced towards five-year highs on Tuesday, as China’s made efforts to avoid a hard landing for its slowing economy, Reuters reports. Local media in China reported that the government was looking to increase investment in railway projects to reduce gluts in steel, cement and other materials, as […]
Look at the numbers, both environmental and economic, and the solution is clear: slower growth.
-Analysis- BEIJING – Most agree that state-owned enterprises, which have long been at the core of China’s economy, must be reformed. That begins with fundamental changes in the way that such entities are managed, both by increasing the separation between state oversight and individual management, and the separation between management and ownership. The establishment in […]
CHINA TIMES (Taiwan), APPLE DAILY (Hong Kong), DAILY MAIL (UK) Worldcrunch BEIJING – One week after the end of the Golden Week holiday, when more and more of upwardly mobile China travels abroad, the bills are rolling in. And once again, Chinese purchasing power is stunning the world. During the nine-day-long holiday, which this year […]