China’s economy is facing its biggest challenge in decades, and the authorities are running out of tools in their toolbox to address the issues, according to experts. The country’s latest macroeconomic data point to an economy on the verge of deflation. The June consumer price index was flat year on year and down by 0.2…
ANALYSIS: China’s Economy Is Facing Its Biggest Challenge in Decades
July 16, 2023
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‘Worrying Signs’: Treasurer Says Australia Keeping Close Eye on Chinese Economy
July 16, 2023
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Australian Treasurer Jim Chalmers warned that global economic uncertainty is expected to slow the Australian economy “considerably,” noting that the Chinese economy was displaying “some worrying signs.” “I’m not going to pretend otherwise. There have been some developments out of China that we are monitoring incredibly closely,” Mr. Chalmers told the national broadcaster ABC’s Insiders…
Every Foreign Company in China Accepts CCP as Business Partner: Rep. Gallagher
July 15, 2023
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The Chinese Communist Party (CCP) is a partner of every foreign company doing business in China, a congressional committee warned on Thursday, as lawmakers and experts went to great lengths to explain how corporate environments in China are vastly different. “There is no such thing as a ‘private company’ in China,” Rep. Mike Gallagher (R-Wis.),…
IN DEPTH: America Needs to Rebuild Its Manufacturing Power to Outplay the CCP: China Scholar
July 14, 2023
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To cut dependency on the Chinese economy, the United States needs to base its policies on “two pillars”: economic containment of communist China and rebuilding the industrial power in the United States, said Jonathan Ward, a China scholar and founder of the Atlas Organization. American policy toward communist China was guided for decades by the…
No Way Out of China’s Economic Predicament, Says Strategist
China’s producer prices fell at their fastest pace in over seven years in June, leading to fears among economists and investors that the world’s second-largest economy is on the verge of slipping into deflation. Chief Strategist at Macrolens, Brian McCarthy, joins Don Ma to discuss China’s economy. …
IN-DEPTH: China’s Economy Is Faltering
June 23, 2023
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With graduation less than a month away, many college students in China are still scrambling to find a job. At a free live-stream webinar by a jobseeker training company in mid-June, many of the 800 participants—primarily unemployed 2023 and 2022 graduates—logged eager comments to claim free templates for resumes. “Many of my trainees told me…
Goldman Sachs Cuts China Growth Forecast While Experts Predict Beijing’s Stimulus Measures Will Be Ineffective
June 20, 2023
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Goldman Sachs has become the latest Wall Street bank to cut its growth forecast for China, as the world’s second-largest economy continues to lose momentum with persistently weak confidence. Experts believe the Chinese communist regime’s stimulus measures to remedy this won’t be effective due to macroeconomic issues. Goldman Sachs’s analysts lowered China’s 2023 gross domestic…
Chinese Economy Now in Deep Peril
June 18, 2023
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Commentary At the beginning of the year, many economists had predicted that the COVID “great re-opening” of China would spur domestic spending and the consumer sector. Following years of periodic lockdowns, the hope is that consumers would roar out of the gates to offset slowdowns in traditional growth areas such as manufacturing and real estate….
Beijing’s Saber-Rattling Masks China’s Big Problems
Commentary Chinese leader Xi Jinping and his fellow communists know how to leverage Chinese xenophobia to distract rising discontent among the Chinese people. With a nod to lucky No. 3 in Chinese numerology, Beijing frequently plays three cards in its geopolitical card game to focus on long-standing foreign adversaries (enemies) to distract the masses from…
China on Brink of ‘Confidence Trap,’ Warn Citigroup Analysts
May 20, 2023
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The Chinese economy is on the brink of being caught in a “confidence trap” as its post-pandemic recovery begins to slow. Low confidence combined with a slowdown makes it difficult for the Chinese Communist Party (CCP) to stimulate the economy using standard methods, such as interest rate cuts and infrastructure spending, warned Citigroup economists. China…
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