The debate about whether China faces a hard or soft landing is little more than semantics to shareholders of the world’s miners, who have seen their stocks lose three-quarters of their value since 2011.
In its ongoing quest for glory and global influence, China appears to have won a notable victory. The International Monetary Fund is set to anoint the renminbi -- the "people's currency," also known by the name of its biggest unit, the yuan -- as one of the world's reserve currencies along with the dollar, pound, euro and yen. For those who fear (or hope) that China will eventually transform the postwar economic order, this appears to be the first step toward dethroning the dollar.
The execution of one of its citizens might also lead to a bigger domestic discussion of China’s role in the region.
As the leaders of 17 countries gathered in the Philippines Wednesday for the annual Asia-Pacific Economic Cooperation forum, Chinese President Xi Jinping stated the obvious. "The Chinese economy is a concern for everyone," he said. "We will work hard to shift our growth from just expanding scale to improving its structure."
The 11th November apparently has a magical meaning, depending on which country and which people.
Sir, Lawrence Summers is correct in stating that “the US may isolate itself from traditional allies if it does not co-operate economically with Beijing”.
Saturday’s carefully choreographed first meeting between China's president and Taiwan's leader in neutral Singapore made history but highlighted the rift between the US government and the likely next leader of the island.
A lot of analysts distrust Chinese economic data.
Last week, the Chinese leadership announced to end its decades-old one-child policy. The policy has been credited to preventing 400 million births since its introduction at the end of the 1970s, according to official Chinese statistics. The decision was made public on the last day of the Party’s top-level leadership meeting. In order to understand the full dimension of China’s birth control policy, one has to take a deeper look at history. Over the period of several hun…
Freedom comes at a cost. And sometimes freedom comes — as in the relaxation of China’s one-child policy — because the economic cost of oppression, like New York rents, is just too high.
The US Navy on Tuesday launched an operation to send a warship to within 12 nautical miles of two man-made islands in the South China Sea. Here are six things to look out for as maritime tensions escalate.
With the pomp and pageantry of last week’s state visit, the UK’s relationship with China has come centre stage. After so much effort to build our economic, strategic and cultural ties, many will be wondering what is next in order to develop our economic relationship.
China’s cut its own interest rates, but now it’s hoping the Federal Reserve won’t undo that benefit by lifting U.S. rates.
It is election season, and attacks on China over its foreign exchange policy are in full swing. Some U.S. lawmakers are against the recently concluded Trans-Pacific Partnership trade talks because the deal did not include strong language on “currency manipulation.”
Businessmen, politicians and China-watchers were all waiting eagerly for one number. And by Monday noon China’s National Bureau of Statistics finally released the GDP figure for the last quarterly period. The world’s second-largest economy only grew by a 6.9-percent rate during the last three months, marking it the slowest growth rate since the global financial crisis in 2009. If we look at the plain statistics, it seems that after three decades of outstanding economic …
Last month’s summit appears to have changed little.
What is the biggest challenge facing the next president of the United States? How to deal with China. The relationship between the emerging and the enduring superpower is the greatest geopolitical question of our time.
The question of how quickly China’s economy is growing has been paramount in the mind of investors all year. The stock market’s weakness in the third quarter was derived almost entirely from this issue, with traders fretting that slowing growth there would lead to depressed profits here, limiting Wall Street’s upside potential. These concerns aren’t unfounded, but they are overblown, especially given how the market has had a chance to price the issue into current p…
It is an interesting coincidence that the American automaker Ford announced to invest almost 2 billion into research and development in China, just several weeks after a huge emission scandal at its main competitor Volkswagen was exposed in the US. VW is now struggling domestically and internationally – not only because of the immense costs which will eventually hit the German car giant, but also because of the serious loss of consumer trust into the car company’s credibility…
Xiaomi marks the end of China as a pure importer of products designed elsewhere. It was one of the first companies to adopt the new methods that are making China a center of innovation in design, electronic commerce and services. Xiaomi introduces a new risk in that relationship -- not a risk that Chinese firms will copy too much from the United States, but that the American firms will copy too little from China.