China, Trump and Economic Outlook
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China has reported its economy showed signs of slowing in July as factory output and retail sales slowed while housing prices fell further.
China's stands at 84 percent, buoyed by debt-driven growth in the 2010s and a housing market crunch that heavily indebted local governments. London-based global advisory firm Oxford Economics estimates the Chinese economy's potential growth could be cut roughly in half by the 2050s.
Policymakers are under pressure to roll out more stimulus to revive domestic demand and ward off external shocks to the $19 trillion economy.
Few commodities tell the story of China’s 21st-century economy better than humble cement, and its current output slump illustrates the depth of the nation’s building slowdown after the frenzy of the previous decade.
The country could see its potential economic output halved by mid-century amid a flagging birthrate and aging workforce.
Retail sales grew 3.7 per cent year on year in July, the least this year. Read more at straitstimes.com. Read more at straitstimes.com.
Scott Bessent, the U.S. Treasury Secretary, shared his thoughts on China's economy and the challenges it poses to the U.S.
Fire the economists. Sue the Fed chair. Meddle in private businesses. Consider suspending economic reports. Demand fealty. Take over police in the capital. Tell everyone it’s for their own good.
China’s Foreign Minister Wang Yi, after high-stakes boundary talks in New Delhi, has landed in Islamabad for the sixth China-Pakistan Strategic Dialogue. His visit highlights Beijing’s careful balanci
China’s economy is stuck in a rut. Beijing’s steady incremental stimulus fuels growth spurts that have proven to not be sustainable.