For decades life in China had evolved around its home-grown version of let-it-rip capitalism.Despite being technically a “communist” country, the government had put its faith in trickle-down economics …
Monthly Archives For September 2021
Why China’s Xi Jinping looks to be pursuing a road back to socialism
The concept of socialism – “with Chinese characteristics” – allowed the government massive philosophical leeway to run a society which, in many ways, was not very socialist at all. General Secretary …
China to provide 2 bln doses of COVID-19 vaccines to world this year
China will strive to provide a total of 2 billion doses of vaccines against COVID-19 to the world by the end of this year, Chinese President Xi Jinping said Tuesday. Chinese President Xi Jinping.
Is China stepping up its ambition to supplant US as top superpower?
Analysis: Joe Biden has cleared the decks to focus on China. But how imminent is the danger?
US government to probe Zoom deal over China ties
A Justice Department-led panel is investigating Zoom Video Communications Inc.’s deal to buy an American customer-service software company, citing potential national-security risks posed by the U.S.
China’s Evergrande crisis a ‘whole different situation’ than US’ 2008 housing collapse, analyst says
Real estate giant Evergrande, which faces over $300 million in debt, says it will pay interest due Thursday to bondholders in China, but gave no sign of plans to pay on a separate bond abroad.…
China meat imports drop in August on low domestic prices
China imported 758,000 tonnes of meat in August, down 8.9 per cent from the corresponding month a year ago, customs data showed Sept. 7, as weak domestic …
Crypto Market Recovering From Evergrande Scare
But the fate of the real estate giant remains unclear as investors worry the company could be allowed to fail due to political anti-trust fervor …
China’s Housing Boom Is Running Out of Steam, Harvard Economist Rogoff Says. Where the Risks Are With Evergrande.
The Chinese growth model is dependent on producing real estate, and Harvard economist Kenneth Rogoff has been warning about the dangers of such reliance.
Evergrande Is In Crisis, But a Risky China Still Beckons to Investors
Some U.S. money managers including Bridgewater and Pimco view a potential Evergrande default as a step toward tamping down risks in China.
Kamala Harris calls for COVID-19 ‘accountability’ but fails to call out China
Vice President Kamala Harris called for countries to embrace COVID-19 “transparency” and “accountability” — without directly calling out China’s refusal to come clean …
China says it will stop building coal plants abroad, but big questions remain on its commitment to fighting climate change
Chinese President Xi Jinping announced Tuesday that his country will stop financing the construction of foreign coal plants, but the world’s largest greenhouse gas emitter has been tepid in its …
How Evergrande Could Disrupt the Global Economy if Fall Hits China Harder Than Predicted
“If any of these risks do materialize, we would be most concerned about the demand spillovers from a big decline in Chinese construction activity,” Capitol Economics writes.
