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China’s Two Sessions – the National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference (CPPCC) – took place from March 4-11 in Beijing.
China’s property crisis is back in global headlines for all the wrong reasons as Asia’s biggest economy goes wobbly.
(Big time) I’m on my way, I’m making it (Big time)
Portraying the United States and China as locked in a “New Cold War” has become something of a cottage industry, providing provocative fodder for think tanks, the foreign policy cognoscenti and the broader commentariat while generating reams of stirring material for books, articles and documentary films.
“The China equity trade is back.” Or at least so says Société Générale, which reckons Beijing’s recent efforts to fix the property crisis has moved Asia’s biggest economy beyond the “confidence crisis” that dominated China’s market narrative in 2023.
China reported higher-than-expected export growth in May of 11.2% in RMB terms and 7.6% in terms of US dollars year-on-year, indicating that the country is like to meet the government’s 5% growth target for 2024.
On a recent trip to China for the Tsinghua University School of Economics and Management’s 40th-anniversary reunion, I had the opportunity to reconnect with old classmates and explore potential business opportunities in post-Covid China.
China’s exports in April surged towards the Global South while shrinking in developed markets, following a pattern of geographic divergence that began four years ago.
China’s first-quarter gross domestic product (GDP) surpassed market expectations, indicating a promising start to the year for the world’s second-largest economy.