A key impediment is that China’s total debt to GDP ratio has already hit a record high of nearly 300% in the first quarter of the year, per analysts.
Monthly Archives For July 2023
AMERICAS China falls short and oil ebbs but banks impress
Elsewhere, shares of Richemont (CFR.S) dropped nearly 7% after the world’s second-biggest luxury firm reported a miss in its sales and amid the China growth dampener. Shares of other China-exposed luxury firms such as LVMH…
It’s official: China’s economy is faltering
Economic data released Monday fell short of forecasters’ expectations, signaling China’s post-COVID revival is fizzling out.
House Committee Targets U.C. Berkeley Program for China Ties
A House select committee is requesting more information about a university collaboration that it said could help China gain access to cutting-edge research.
Janet Yellen following Antony Blinken to Beijing to address ‘areas of concern’ in US-China relations
Treasury Secretary Janet Yellen will meet this week with officials in Beijing to open lines of communication on financial issues. Getty Images Yellen expects to address “areas of concern,” as …
One Reason China Is Willing to Engage Again: Its Troubled Economy
China was on track to recover after closing itself off during the pandemic. Now the country’s growth is staggering and Beijing is signaling it is open to talking.
John Kerry hails China’s ‘incredible’ renewables, warns against coal
The American climate envoy is in Beijing for talks with his Chinese counterpart about what the world’s two biggest polluters can do.
Kerry Says U.S. and China Must Set Aside Politics to Tackle Climate Change
John Kerry, President Biden’s climate envoy, is in Beijing for three days of talks between the world’s largest emitters of greenhouse gas pollution.
Absence of China’s foreign minister sparks speculation
China’s outspoken foreign minister Qin Gang has not been seen in public for more than three weeks, missing important diplomatic engagements and prompting growing speculation about his whereabouts.
China to boost Brazil oil imports in Q3, replacing some Saudi supply – sources
Chinese oil refineries, led by heavyweight Sinopec , are set to boost Brazilian crude imports in the third quarter to replace some of the Saudi Arabian supply it cut after the kingdom hiked prices, …
China’s frail Q2 GDP growth puts pressure for more policy support
China’s economy grew at a frail pace in the second quarter as demand weakens at home and abroad, with the post-COVID momentum faltering rapidly and raising pressure on policymakers to deliver more …
China’s economy grows 6.3% in Q2 compared with low base
China’s economy expanded by 6.3% in the second quarter from a year ago because of a low base, the National Bureau of Statistics said on Monday, with momentum slowing following a strong reopening in …
China’s economy misses growth forecasts, raising the odds of more support for its tepid recovery
China’s economic growth missed forecasts in the second quarter of the year amid a slowdown in consumer spending and weakening global demand. Worries over a faltering recovery after the disruptions …
