For China to Revitalise Its Economy, It Must Rekindle the Entrepreneurial Spirit. Brian Wong, Assistant Professor in Philosophy and Fellow at Centre on Contemporary China and the World, HKU and Rhodes Scholar Dec 31, 2024 China's leadership has acknowledged the need to prioritize consumption and ...
Gary Hufbauer, also a nonresident senior fellow at PIIE, told China Daily that he agrees with Lardy's positive evaluation of the state quo and outlook for the Chinese economy. Jack Midgley, the principal of global consultancy Midgley & Co, also expressed optimism about the Chinese economy to C...
"A financial war between China and the US is unlikely, it would accelerate the de-dollarization of the world economy." Blum pointed out. He further noted that a legal war, such as secondary sanctions, could be a potential option in the US "toolbox". However, this would require European ...
"A financial war between China and the US is unlikely, it would accelerate the de-dollarization of the world economy." Blum pointed out. He further noted that a legal war, such as secondary sanctions, could be a potential option in the US "toolbox". However, this would require European ...
In the same time, Yellen expressed concern to senior Chinese officials that there are features of the Chinese economy that have growing negative spillovers on the U.S. and the globe, especially China’s macroeconomic imbalances, namely its weak household consumption and business overinvestment, which...
China’s still dominant global role Despite its recent challenges, China remains the world’s second largest economy (after the United States). However, the rapid growth that characterized recent decades has given way to much more muted GDP growth.1Source...
"The year 2023 has been an uphill battle for China, as the world struggles for growth, the Ukraine crisis drags on and the spillover effect of the abrupt escalation of the Palestinian-Israeli situation keeps growing," Xie said, noting that the relations between China and the US also encounte...
Other Briefings Subscribe Economy & Trade Industries Tax & Accounting Legal & Regulatory HR & Payroll Technology Events Publications Media Doing Business US-China Relations in the Biden Era: A Timeline December 9, 2024 Posted by China Briefing Written by China Briefing Team Reading Time: 129 ...
China has been one of the world’s fastest-growing major economies since former leader Deng Xiaoping installed reforms in 1978. A single-party socialist state, China has since moved from being a centrally planned to a market-based economy. China’s economy is the world’s second- largest, tr...
The State Administration of Foreign Exchange released data on the foreign financial assets and liabilities of China's banking industry at the end of 2023. At the end of 2023, China's banking sector had foreign financial assets of 1490.1 billion US dollars, foreign debt of 1320.5 billion US ...