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The big economic news this week was Biden’s very large tariffs on a number of Chinese-made goods. Those tariffs appear to have acted as a catalyst for a bunch of other countries — India, Brazil, Vietnam, Thailand, Mexico, the EU, etc. — to consider their own tariffs on China.
Pan Gongsheng, the governor of China’s central bank, announced a raft of measures on September 24 aimed at boosting the country’s flagging economy. The move, which came a week before the 75th anniversary of communist party rule, was made in response to concerns that China could miss its own 5% annual growth target.
The 8.7% year on year jump in Chinese exports in August is the best news President Xi Jinping’s economy has had in months.
BANGKOK – A Bangkok to Beijing train journey became one clickity-clack link closer with the completion by Thailand and Laos of a Mekong River railway bridge and tracks last month, enabling cross-border rail transport with Laos for the first time and only a few kilometers remaining as the last trackless gap to reach China.
I’ve been talking about vibes a lot over the past week, so let’s talk about something a little more substantive. Trump and his movement basically have two main policy ideas: 1.) immigration restriction, and 2.) more tariffs. Let’s think about the second of these.
India’s Finance Minister Nirmala Sitharaman on July 25 endorsed her economic advisor’s proposal to open the country to direct investment from China, effectively frozen since the Sino-Indian border clashes of 2020.
The European Union (EU) remains an attractive market for China’s automakers even after the bloc imposed 17-38% tariffs on Chinese electric vehicles (EVs) earlier this month, said a Hong Kong-based prominent academic.
It’s a widely accepted notion among economists that cultural differences can pose a significant barrier to trade. The larger the cultural gap between two countries – judging by differences in language, customs, values and business norms – the more challenging and costly trade relations become. This is a recurring theme in research.
China’s June exports rose 8.6% year-on-year in US dollar terms and 10.7% in RMB, exceeding analysts’ expectations and pointing to higher-than-expected GDP growth for the second quarter.