China press review

China FDI up 4.2 per cent in May to US$9.87 billion, marking second straight monthly increase Foreign direct investment into China rose 4.2 per cent from a year ago in May to US$9.87 billion, marking the second straight monthly increase     China’s outbound direct investment declined by 1.6 per cent from

China Economy: GDP Could Still Grow 3% In 2020 Amid Coronavirus Recovery Chinese GDP could grow 3% this year, as Asia’s largest economy recovers from the ongoing coronavirus pandemic, Zhang Ming, a researcher at the Chinese Academy of Social Sciences think tank, said Tuesday in an online event.      Ho Woei Chen, an

EU plans dialogue with the US to deal with China’s ‘growing assertiveness’ EU foreign policy chief’s suggestion comes just days ahead of Monday’s EU-China summit, amid an ensuing lack of commitment by Beijing on widening market access     His proposal was a surprise to some, as his recent blog post seemed

Markets expecting an early coronavirus recovery are ignoring the global economic and political mess The knowledge that a V-shaped recovery is off the table has not dissuaded markets from surging in expectation of further injections of central bank liquidity    Political leaders are selling snake oil to secure power and central

China must prioritise innovation to avoid being ‘strangled’ by US in next five years, top researcher says China Academy of Social Sciences (CASS) researcher Zhang Xiaojing says China ‘needs to rely more on itself’ to create growth drivers and combat decoupling  Current trade and technology disputes are the US ‘kicking

‘Don’t waste the crisis’: EU business group presses China to open markets European chamber’s annual survey finds companies grappling with a more politicised, state-dominated environment   Forced technology transfers also a big concern for foreign players in the country www.scmp.com Virus magnifies challenges of doing business in China, EU group says

The Global Economic Outlook During the COVID-19 Pandemic: A Changed World The COVID-19 pandemic has spread with alarming speed, infecting millions and bringing economic activity to a near-standstill as countries imposed tight restrictions on movement to halt the spread of the virus. As the health and human toll grows, the economic

China’s exports drop in May as coronavirus pandemic hits overseas demand China’s exports fell by 3.3 per cent in May, down from a surprise return to growth in April but a smaller drop than analysts expected  May imports fell even more sharply in May, contracting by 16.7 per cent from

Coronavirus lockdowns are lifting and economies are reopening, but the hard work of recovery has only just begun Governments across the world are cautiously allowing businesses to reopen and removing pandemic restrictions in steps  The second stage of recovery will be more difficult and may have to contend with some

The future of Asia: Decoding the value and performance of corporate Asia The COVID-19 crisis is an unprecedented global challenge in the post–World War II period. The pandemic has proven to be not only a public-health crisis but also a major disruption to supply chains, which may permanently change long-standing business

Stronger action may yet be needed to help revive China economy Beijing has so far taken a restrained approach with a coronavirus pandemic relief package worth 4 trillion yuan to help businesses cut costs, save jobs and maintain people’s livelihoods www.scmp.com China’s clear message: jobs and stability now take the

The global downturn is bottoming out and optimists are right on the money Germany and China are the workshops of the world, and the best places to see early shoots of recovery. The latest German business sentiment data and Chinese factory numbers suggest that better times might be around the

China orders state traders to stop buying American farm goods, threatening phase one trade deal Bloomberg reported China paused purchases of some American farm goods including soybeans as Beijing evaluates the ongoing tensions with the US over Hong Kong    State-owned traders Cofco and Sinograin were ordered to suspend purchases, according

Alibaba pushes China’s social commerce model to the world, with influencer campaign on cross-border platform AliExpress The cross-border retail platform of Alibaba aims to build an army of influencers numbering more than 1 million in three years   That will help the Chinese e-commerce giant reach its goal of serving 2

China’s fiscal stimulus is good news, but will it be enough? The Chinese government unveiled a bigger stimulus package worth at least 4.5 percent of GDP at the outset of the National People’s Congress that began on May 22, after China experienced an unprecedented 6.8 percent year-over-year contraction in its GDP in

China 2020 GDP forecasts left unchanged as size of Beijing stimulus disappoints China’s second quarter economic performance will be crucial to full-year growth forecasts, with a negative rate still possible   Most economists expect further stimulus measures this year if economic output remains weak amid fallout from Covid-19 www.scmp.com China’s economic

How Europe’s big bailout plan could also help trump the ‘China card’ The €500 billion Franco-German plan is primarily designed to aid post-coronavirus economic recovery but also seeks to achieve ‘health sovereignty’   Observers say the pandemic has highlighted the EU’s vulnerabilities and need to strengthen its hand when dealing with

China GDP: Beijing abandons 2020 economic growth target, Premier Li Keqiang confirms at NPC China will not set an economic growth target for 2020, Premier Li Keqiang confirmed at the National People’s Congress (NPC) on Friday in Beijing    China has set a target of creating 9 million new urban jobs,

The big splash: China’s 2020 Two Sessions Next on the foreign-interest agenda comes reform. Will reforms accelerate? Will China open its markets further with enactments of new regulations? Among foreign analysts, there has been a sense that state-owned enterprises, SOEs, have been playing an increasing role in the economy –

China: Economic recovery expected to remain uneven – UOB “The economic data releases for April continued to show an uneven recovery in China. The largest improvement was in the industrial production (IP) which turned in the first expansion since the start of the year, coming in above consensus expectation at

China trying to divide and rule in Europe, EU foreign policy chief Josep Borrell says Member states must ‘maintain the necessary collective discipline’ as China looks to take advantage of their different views on diplomacy, Spaniard says Borrell also questions Beijing’s insistence on ‘telling the world’ about its aid efforts

Coronavirus ‘could cost global economy $8.8tn’ says ADB The coronavirus pandemic could cost the global economy between $5.8tn and $8.8tn (£4.7tn-£7.1tn), according to Asian Development Bank (ADB).  That’s more than double last month’s prediction and equates to 6.4%-9.7% of the world’s economic output. www.bbc.com Expect post-coronavirus economic recovery to be

China economy: latest data about world’s second largest economy China is the world’s second largest economy behind the United States   Gross domestic product (GDP) growth rate, consumer price index, purchasing managers’ indices, trade and industrial production are all key indicators www.scmp.com Reform the WTO for a post-coronavirus world. The global

Even as coronavirus-related barbs fly, it’s crucial that the US-China phase one trade deal holds fast While it will be tough for Beijing to meet its overall purchasing commitments under the trade deal within two years, it is in the interest of both China and the US to avoid economic