Shoppers visit a retail district in Beijing on November 10, ahead of Singles' Day. Photo: AP
Opinion
Opinion
Macroscope
Are China’s spenders borrowing their way into economic trouble? Far from it, actually
- China’s household debt is less worrying than it looks. International comparisons show it is at a sustainable level in relation to GDP. Furthermore, young Chinese people are proving to be sensible consumers who are still saving
Shoppers visit a retail district in Beijing on November 10, ahead of Singles' Day. Photo: AP
US Trade Representative Robert Lighthizer and Chinese Vice-Premier Liu He chat at the Diaoyutai State Guesthouse in Beijing. Lighthizer, a lawyer with decades of experience in both international trade law and Republican politics, has long been a critic of Chinese trade practices. Photo: AFP
Opinion
Opinion
Inside Out
China isn’t gaming global trade through its industrial polices or ‘unique’ economic model – the problem is out-of-date WTO rules
- There’s a myth that says China got a pass into the WTO, and has used state-owned enterprises to break the rules ever since. But those rules were written before the digital age, and perhaps the state role in the market needs to be reconsidered
US Trade Representative Robert Lighthizer and Chinese Vice-Premier Liu He chat at the Diaoyutai State Guesthouse in Beijing. Lighthizer, a lawyer with decades of experience in both international trade law and Republican politics, has long been a critic of Chinese trade practices. Photo: AFP