China press review

Global clout, domestic fragility: In 2012, the Chinese government set a long-term goal: build China into a fully developed and prosperous country by 2049, 100 years after the founding of the People’s Republic.

U.S. Treasury Secretary Yellen and China’s vice premier talk about cooperation and economic recovery: China’s Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen held a video call about how the countries’ economic relationship is “very important,” state media said.

A new economic era: is inflation coming back for good? Why rising prices in advanced economies are a problem for indebted developing countries.

Three reasons China is losing its allure for the foreign business communityAmid the rising costs of raising a family and political factors that are eroding positive perceptions, Covid-19 restrictions have piled on the difficulties. Yet, an exodus of foreigners would only remove some of the strongest forces that help to

US-China trade dialogue ‘shows continuity’ in Beijing’s approach to relations: Vice-Premier Liu He’s lead role in phone call with US Trade Representative Katherine Tai signals Beijing’s wish to keep policy continuity, adviser says.

US and China trade officials hold ‘candid’ first talks of Biden era: The US and China’s top trade negotiators have held “candid, pragmatic” talks, in their first meeting under the Biden presidency.

China overtakes Germany as UK’s top import market: China has overtaken Germany to become the UK’s biggest single import market for the first time since records began.

Senior China diplomat says EU politicising of trade ‘not acceptable’: China’s State Councillor Wang Yi, who is also the country’s foreign minister, said on Tuesday that attempts by some people in the EU to politicise trade issues are “not acceptable and will lead nowhere”.

US-China relations: is there still a trade war under Joe Biden’s presidency? Former US president Donald Trump instigated the trade war with China in July 2018, and their phase-one trade deal was eventually signed in January 2020.

European Parliament votes to freeze EU-China investment deal: With an overwhelming majority, the European Parliament passed a motion recommending to formally freeze the EU-China Comprehensive Agreement for Investment (CAI).

Global trade soars in first quarter, but services still in doldrums: Global trade bounced back to a record high early this year, although service industries are still a shadow of their pre-pandemic selves, UN economists UNCTAD said on Tuesday.

EU’s trade in goods returns to near pre-pandemic levels: A Eurostat release on Tuesday showed that the first estimate for extra-EU exports of goods in March 2021 was 195.1 billion euros, up by 10.6 percent compared with March 2020, and the imports stood at 176.3 billion euros, up by 19 percent.

New rules won’t stop China’s digital economy boom, Goldman says: China’s digital economy will continue to power ahead despite recent regulatory tightening, from new internet anti-monopoly rules to a crackdown on excessive data collection, Goldman Sachs economists say.

China economy suffering new problems as retail sales, industrial output slowed in April: Retail sales and industrial production grew by 17.1 per cent and 9.8 per cent respectively in April from a year earlier.

A world without China: The purpose of this discussion is not to bring in a positive light the achievements of China but to provide a realistic approach as to how decades of investment, supply chain integration and reliability has brought China to a position it is at today and even the imaginary inculcation of a world without China seems more like a nightmare for the global economy.

China April loans fall more than expected as central bank begins scaling back stimulus: China’s new bank loans fell more than expected in April while money supply growth slowed to a 21-month low, as the central bank gradually scales back pandemic-driven stimulus to reduce debt and financial risks in hot areas of the economy.

China’s population growth slows as births drop nearly 20% in a year: Once-a decade census puts at risk nation’s demographic dividend.

The risky logic behind China’s economic strategy: ‘Politics in command’: In a marked shift from its once-sacrosanct policy of economic reform and market opening, China these days seems to be increasingly tightening the state’s hand over business.

China’s Trade Surges as Global Stimulus Keeps Export Boom Going: China’s exports rose more than expected in April and imports climbed, a reflection of strong domestic and international demand despite the pandemic and surging commodity prices.

Globalization isn’t losing steam in China:
Why is China continuing to liberalize trade and investment as doubts and opposition to globalization rise?

China’s Economic Miracle Is Ending: The China miracle is ending. That miracle consisted of very exceptionally strong growth of the economy.

China’s growth prospects, further opening-up in favor of attracting FDI inflows: OECD expert: China’s favorable growth prospects and further opening-up policies are key factors that attract foreign direct investment (FDI), said an official of the Organization for Economic Cooperation and Development (OECD) on Monday.

The New Economy Saturday: Maybe China Won’t Beat the U.S. After All:
True, the Chinese economy is also humming along, but Xi and his advisers are spending more of their time grappling with its enduring vulnerabilities.

China’s economic growth may have ‘peaked’, will ‘wane’ for rest of 2021 after April sentiment slowdown: China’s official manufacturing and non-manufacturing purchasing managers’ indices (PMI) dropped in April, but continued to show growth in the economy.