Beijing has sent a clear message that it is drawing on pages from its old fiscal and monetary stimulus playbook at the cost of its debt-reduction campaign. Photo: Reuters

China has a choice between the ‘grey rhino’ risk of rising debt or the ‘black swan’ threat of an economic slowdown

  • Beijing changes course on macroeconomic policy to cope with slowdown pressure amid the trade war with the United States
  • China’s renewed easing of credit conditions on Friday is set to amplify the country’s debt problem
Topic |   China economy

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Beijing has sent a clear message that it is drawing on pages from its old fiscal and monetary stimulus playbook at the cost of its debt-reduction campaign. Photo: Reuters
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US trade representative Robert Lighthizer (left), US Treasury Secretary Steven Mnuchin and Chinese Vice-Premier Liu He are expected to continue face-to-face talks in Washington in October. Photo: AFP

US must concede final 20 per cent of demands to agree trade war deal with China, leading Chinese expert says

  • Jin Canrong, an international relations professor at Renmin University of China in Beijing, says China had agreed to 80 per cent of a deal as far back as May
  • ‘Between 60 and 70 per cent’ chance of Chinese President Xi Jinping and American counterpart Donald Trump agreeing a deal in November if US can lower demands
Topic |   US-China trade war

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US trade representative Robert Lighthizer (left), US Treasury Secretary Steven Mnuchin and Chinese Vice-Premier Liu He are expected to continue face-to-face talks in Washington in October. Photo: AFP
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