China press review

China Press Review – January 20, 2022

Exports could be key driver for China’s growth as Covid drags down spending, say analysts: Exports will continue to drive China’s economy for the rest of the year as the domestic market remains sluggish, according to analysts. 

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China Press Review – January 19, 2022

China ‘not interested’ in becoming world’s No 1 economy or global hegemony, says vice foreign minister. Le Yucheng says Communist Party more interested in ‘people’s desire for a better life’ than status as the next superpower. Comments come a day after China published 2021 growth figure of 8.1 per cent, moving its economy closer to the size of that of the US.

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China Press Review – January 18, 2022

2022 Chinese New Year: How Foreign Businesses Should Prepare in the COVID Context. The 2022 Chinese New Year will not see the country mark a return to normal due to the COVID-19 pandemic and implementation of disease control measures. The traditional holiday period, unpredictable COVID flareups, and China’s “zero COVID” policy may hinder business travel and interprovincial business events for longer than usual. Moreover, China has stepped up its COVID prevention and control in its port cities, which could pressure supply chains.

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China Press Review – January 14, 2022

China’s global trade surplus surges in 2021: China’s global trade surplus surged to US$676.4 billion in 2021, likely the highest ever recorded by any country, as exports jumped 29.9 percent over a year earlier despite semiconductor shortages that disrupted manufacturing. 

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China Press Review – January 13, 2022

China GDP: Five Things To Watch Ahead Of Xi’s Push For A Third Term. China will release its estimates for fourth quarter and full-year gross domestic product growth on Monday at a critical economic and political juncture for President Xi Jinping, who is seeking an unprecedented third term as head of the Communist party, military and government.

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China Press Review – January 12, 2022

Can  “good emperor” Xi ride over factional fights into a third term? As 2022 begins to unfold, mainstream global media – including the “gossipy” Chinese language Asian press, are agog with news commentaries and op-ed pieces speculating how difficult it is going to be for Xi Jinping to “win” a third term.

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China Press Review – January 11, 2022

Goldman Lowers China 2022 Growth Forecast to 4.3% on Omicron: Goldman Sachs Group Inc. cut its forecast for China’s economic growth this year to 4.3% due to the increased difficulty of containing the more-contagious omicron coronavirus variant.

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China Press Review – January 10, 2022

China urges its consumer goods firms to make more ‘innovative’ products: China’s industry ministry on Monday proposed guidelines that it said it hoped could encourage its consumer goods enterprises to be more innovative with their products, giving examples such as smart rice cookers and robot vacuum cleaners. 

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China Press Review – January 7, 2022

Is China decoupling from the global economy? Evidence shows otherwise
The divergence of China’s economic policies and performance from the rest of the world, particularly the West, has fed the decoupling narrative.

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China Press Review – January 6, 2022

China’s pandemic-hit businesses see tax cuts and fee reductions extended in bid to kick off new year on a high note: Premier Li Keqiang has been outspoken about the need to protect what is considered the ‘backbone’ of China’s economy, and he vows support measures will continue.

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China Press Review – January 4, 2022

China’s Dec factory activity returns to growth, beats forecasts: China’s factory activity grew at its fastest pace in six months in December, driven by production hikes and easing price pressures, but a weaker job market and business confidence added uncertainty, a private survey showed on Tuesday.  

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China Press Review – December 14, 2021

China urged to cut interest rates, boost infrastructure spending to hit 5 per cent GDP growth next year: Policymakers should use interest rate policy tools earlier rather than later and alleviate the private sector’s debt burdens with lower rates.

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China Press Review – December 10, 2021

China’s economic policymakers doubling down on ‘stability’ for 2022 in the face of ‘threefold pressure’: Annual central economic work conference wrapped up on Friday with leaders stressing the importance of boosting demand with ‘front-loaded’ policy support.

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China Press Review – December 7, 2021

China’s foreign trade gallops 22% from Jan-Nov, exceeding 2020’s level: China’s imports and exports surged 22 percent year-on-year in the first 11 months this year to reach 35.39 trillion yuan ($5.55 trillion), exceeding the level of trade volume seen last year (32.16 trillion yuan) thanks to better than expected performance in November, data from China Customs said on Tuesday.  

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China Press Review – December 6, 2021

Key China economic planning meeting said to be set for next week as headwinds swirl: China’s central economic work conference, where top officials meet to chart policy for year ahead, traditionally takes place at the Jingxi Hotel. Premier Li Keqiang hinted at some monetary easing and help for SMEs in a meeting with IMF chief this week.

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China Press Review – December 3, 2021

China: The state asserts. State-driven policies will seek to rectify perceived economic excesses. China understands the importance of free market up to a certain degree, as also the long-term detrimental impacts of market failures create even more governance challenges in the long run.

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China Press Review – December 2, 2021

China’s ‘state-centric approach’ to technical standards-setting worries EU firms: The West has long had a lead when it comes to global technical standards, setting the specifications that shape most of the products consumers use.

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China Press Review – December 1, 2021

OECD Economic Outlook  China: Economic growth will reach 8.1% this year as the economy rebounds, but will slow to 5.1% in 2022 and 2023. The swift recovery, driven by strong exports on the back of re-opening of overseas economies and robust investment, has stalled in the second half of the year.

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China Press Review – November 30, 2021

On October 15, China’s National Bureau of Statistics (NBS) released its main economic indicators up to October. Several indicators, namely industry value-added output, retail sales, investment, and employment, showed that economic operations continue to maintain a recovery trend, and the main macro indicators are generally within a reasonable range.

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