China press review
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.
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 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.
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.
Can Western brands recover from consumer backlash in China? For many years foreign companies operating in China have faced social media-fuelled consumer backlashes, sometimes over instances of cultural insensitivity and sometimes over political controversies.
Does the U.S.-China climate statement mean real cooperation ahead? On Earth Day, 40 world leaders will gather virtually for President Biden’s Leaders Summit on Climate, following Climate Envoy John F. Kerry’s trip to China last week and the release of the first U.S.-China joint climate statement in more than four years.
China’s V-shaped Recovery Reached Turning Point, Goldman Says: China’s economy is on track to return to trend growth after its V-shaped recovery from the coronavirus slump ended with a record pace of expansion last quarter, according to Goldman Sachs Group Inc.
China’s economy surged record 18.3 per cent in first quarter compared to a year earlier, but slowed versus fourth quarter: China’s economy grew by 18.3 per cent in the first quarter of 2021 compared to a year ago but slowed to 0.6 per cent versus the fourth quarter 2020.
China GDP: first quarter growth tipped to jump above 20 per cent following historic contraction last year: China’s first quarter economic growth rate is forecast to be above 20 per cent from a year earlier, following a 6.8 per cent contraction in the first three months of 2020.
China debt: local government spending under microscope to protect national economy from ‘systemic risk’: Local Chinese cadres will be held accountable for the rest of their lives if the debt raised during their terms is found to be problematic in the future.