Economy
China’s middle class a ‘tidal wave’ investors are failing to appreciate: Primavera Capital founder
It is only a matter of time before the currently depressed market stages a rebound, according to Fred Hu of private-equity firm Primavera Capital.
IMF: China’s bonds, stimulus will buoy world’s No 2 economy despite property crisis
Asia official with Washington-based agency points to the PBOC’s policy moves, as well as China’s infrastructure spending, as economic bellwethers in the face of headwinds.
China steels itself for new front in trade war after US proposes tariffs on metals
The US’ proposed tripling of tariffs on Chinese steel imports would be the first move in a tit-for-tat struggle that would expand the bilateral trade war, analysts said – and fuel grumblings over industrial overcapacity.
Canton Fair: Chinese Premier Li Qiang solicits views from ‘ambassadors of friendship’ as external tensions grow
Premier Li Qiang told overseas buyers at the Canton Fair that China’s development will inject more stability into the world economy and global trade as it seeks to shore up confidence and retain and entice investors.
China unloads more US Treasury bills as odds of Fed rate cuts grow slim
China has continued to sell its holdings in US debt as the likelihood of expected interest rate cuts grows more remote and Beijing looks to widen the diversity of its foreign asset pool.
China preps for tourism boom on May Day holiday as early bookings rocket past pre-pandemic levels
China’s coming May Day holiday already has the makings of a major tourism rush, with early bookings exceeding pre-pandemic levels and the travel boom likely to fuel a much-desired round of consumption.
How sustainability is driving China’s next economic transformation
Despite some progress, the Chinese economy still faces problems but these can be overcome with targeted stimulus measures and a focus on sustainable development. By framing China as a threat, the US risks impeding global sustainability efforts.