China press review

China’s Canton Fair wraps up, but exporters lament the lack of foreign buyers: The biggest concern among Chinese exhibitors at October’s Canton Fair has been the rising cost of production amid global inflation

China GDP: Five things to watch when quarterly data are released: The release of China’s estimate for third-quarter economic growth on Monday comes at a critical juncture for the world’s second-largest economy.

China trade: export growth stronger than expected in September but ‘instabilities, uncertainties’ remain: China’s exports grew by 28.1 per cent in September compared with a year earlier, up from 25.6 per cent growth in August.

IMF Trims View on Growth Rebound as ‘Dangerous Divergence’ Seen: The International Monetary Fund expressed concern the global economic recovery has lost momentum and become increasingly divided, even as it stuck by its prediction for a robust rebound from the Covid-19 recession.

China presses US to cancel tariffs in test of bilateral engagement: China said on Saturday it pressed the United States to eliminate tariffs in talks between the countries’ top trade officials that Washington saw as a test of bilateral engagement between the world’s biggest economies.

China’s Sept services activity returns to growth: Caixin PMI: Activity in China’s services sector returned to growth in September as a major Covid-19 outbreak in the eastern province of Jiangsu receded, a private-sector survey showed on Friday, offering some support to a slowing economy. 

Changing China: How Xi’s ‘common prosperity’ may impact the world: China says its policies aimed at narrowing the widening wealth gap are precisely what it needs in this moment of its economic trajectory – but critics say it comes with even greater control of how business and society will be governed.

European companies in Hong Kong considering moving staff elsewhere because of zero-Covid restrictions, chamber says: Strict quarantine rules have led many businesses to consider restructuring at least part of their operations to places such as Singapore, says chairman of European Chamber of Commerce.

China is not heading toward a market economy, often due to its own policies, report concludes: China ‘is clearly not what was envisioned’ when it was admitted into the World Trade Organization in 2001, Atlantic Council and Rhodium Group find.

China’s consumption story steadily evolving: China’s consumption story is evolving. Rising incomes still matter, but the primary feature of the next decade may very well be the impact of sweeping demographic and social change that is coinciding with the rapid march of technology.

China’s population could halve within the next 45 years, new study warns: Researchers say previous estimates may have severely underestimated the pace of demographic decline.

Parliament sets out its vision for a new EU strategy on China: Address human rights violations in Xinjiang, Inner Mongolia, Tibet and Hong Kong.

China’s retail sales growth plunged in August, impeding economic recovery:
Retail sales and industrial production rose by 2.5 per cent and 5.3 per cent, respectively, in August from a year earlier.

Hong Kong stocks slide on China slowdown concerns as Evergrande sinks to seven-year low on debt crisis: Consensus estimates suggest China’s economy lost further momentum in August as retail sales, factory output slowed.

Common prosperity in China: rich or poor, people have questions about Beijing’s attempt to spread the wealth: From rural farmers to the corporate elite, China’s new economic plan aims to touch the lives of 1.4 billion people    

US Biden and China’s Xi hold first call in seven months: A White House Statement said both leaders had “discussed the responsibility of both nations to ensure competition does not veer into conflict”. 

“996” is Ruled Illegal: Understanding China’s Changing Labor System: China’s top court has ruled that the controversial “996” overtime work policy (working 9am to 9pm, 6 days a week) is illegal, taking aim at the excessive working hours commonly practiced at Chinese Internet companies.

What is behind China’s Dual Circulation Strategy? China’s dual circulation strategy should not be dismissed as a buzzword: its implementation will entail major consequences.

China’s exports boomed in August, as trade surplus with the US widened by 27 per cent: China’s exports grew by 25.6 per cent in August compared with a year earlier, up from 19.3 per cent growth in July.

Could China’s Crackdown Be a Second Cultural Revolution? Xi’s revolution is top-down: the very last thing he desires is chaos on the streets. What does he intend, then?

China Is Decoupling And Setting It’s Own Economic Order: Global attention has been riveted in recent weeks to a raft of new economic and regulatory measures introduced by President Xi Jinping.

China facing demographic, inflation risks ‘Japan never faced’, Beijing urged to act to avoid ‘big surprise’: China’s once-in-a-decade census released earlier this year highlighted the challenges ahead for a rapidly ageing population.

Explaining the globalist dimensions of Chinese nationalism: Some scholars have argued that China’s economic opening-up was a result of Chinese leaders’ acceptance of neoliberalism.

China’s shipping-container costs hit all-time highs, and shortage will further push up prices in coming months: Prices of shipping containers have more than doubled in the past year, and container freight rates are up 351 per cent year on year, according to Drewry maritime consultancy.