News Analysis The Chinese economy appears to be heading for one of the worst possible conditions: stagflation. And the Chinese Communist Party’s (CCP) poor policymaking is to blame. Manufacturing output is down, and China is plagued by fewer new orders for the next quarter, as well as power outages, food shortages, ongoing COVID-19 lockdowns, tighter…
Why China’s Economy Continues to Survive
Commentary China’s economy continues to survive despite major obstacles, including the real estate bubble and the trade war with the United States. Ironically, China’s trade ties with the United States has been sustaining its economy—America’s dependence on Chinese goods. Despite the debate in Washington about decoupling from China and the Biden administration’s decision to keep…
Debt on Top of Debt: Beijing Issues More Bonds Amid Economic Slowdown
News Analysis Beijing issues new bonds as debts mount and credit swaps increase in price. Local governments, hard hit by the real estate slowdown, are expected to issue more bonds. Much has been written about the quantity of U.S. debt held by China. The Chinese regime, however, has also been steadily increasing its own sale…
Is Beijing Finally Stepping Up to Its Financial Responsibilities?
News Analysis Stranger things have happened, but not frequently. The huge Chinese property developer, Evergrande, after missing an $83 million interest payment on a portion of its dollar-denominated debt, suddenly sent funds to its trustee to make the payment. This move came barely within the usual 30-day grace period for payment—just in time—in other words,…
China’s ‘Xiconomics’: Lots of Economic Slogans, More Government Control
November 4, 2021
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AnalysisChinaChina Business & EconomyChinese economyCorporations TrappedOpinionSpecial TopicsThinking About ChinaViewpointsXi Jinping
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News Analysis Chinese leader Xi Jinping is cracking down on the financial sector, restricting foreign trade, and generally moving the Chinese economy away from market influence toward one of social and central planning. To commemorate the 72nd anniversary of the founding of communist China, the Ministry of Foreign Affairs issued a letter, extolling “the six…
The Chinese Economy: Less Markets, More Socialism
November 3, 2021
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AnalysisChinaChina Business & EconomyChinese economyChinese RegimeOpinionsocialismThinking About ChinaXi Jinping
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News Analysis In 2012, Xi Jinping told the Chinese people that “only socialism can save China.” Although it was capitalism that dramatically increased the country’s living standards, Xi is leading the country back to the stricter socialism that kept China poor, decades ago. Former Chinese leader Deng Xiaoping said that “to get rich is glorious,”…
Beijing Tea Leaf Reading Suggests Economic Downturn Likely
Commentary China’s “economic miracle” looks poised to be in the rearview mirror, as Party leaders appear to be preparing the country for a period of slowing growth going forward. In October Beijing announced sharply lower third-quarter official GDP growth figures, with a 4.9 percent mark that missed economist consensus by 30 basis points. In late…
China Publishes Rules for New Beijing Stock Exchange
October 31, 2021
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Business & EconomyChinaChina Business & EconomyChinese economyChinese stocksEconomiesMarketsstock exchange
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SHANGHAI—China published a set of rules for the newly established Beijing Stock Exchange on Saturday, moving a step closer toward the official launch of the market. The exchange was set up last month in the Chinese capital, complementing two other bourses in the business hub of Shanghai and the southern city of Shenzhen. The rules,…
US Tariffs and Trade Restrictions Biting the Chinese Economy
October 19, 2021
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AnalysisChinaChina Business & EconomyChinese economyOpinionThinking About Chinaus tariffsUS-China relationsUS-China trade deficit
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News Analysis Former President Donald Trump’s tariffs and sanctions had the Chinese economy on the ropes. The new administration is enforcing these tariffs and restrictions. In the first 10 months in office, the Biden administration has banned imports of some materials from Xinjiang and sanctioned Beijing over human rights abuses in the region, supported NATO…
What Evergrande’s Troubles Reveal About China’s Real Estate Industry and Economy
Commentary The news of the financial crisis of real estate giant Evergrande Group is a shock to China’s consumers. Its shares took a serial decline in the Hong Kong stock market. Consequently, it drew the attention of Wall Street investors. How long can Evergrande last? Is it the beginning of China’s real estate industry slipping…
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