China Economy

China’s subsidies have been more effective than in most parts of the world because they are an intrinsic part of a distinct economic model. Rather than targeting China, the US and Europe should examine the effectiveness of their own economic strategies.

With city’s reputation as the world’s busiest container port just a memory, a plan to revive it as an international maritime hub that has the Greater Bay Area on its doorstep raises hopes.

China’s campaign to improve the financial performance of listed SOEs comes as Japan’s stock market is benefiting from corporate governance reforms. However, China is not Japan. Beijing is battling a structural downturn, and corporate governance reforms alone are not going to turn sentiment around.

Complaints of Chinese overcapacity and dumping may be useful in justifying US, EU subsidies and trade barriers but China’s success is really due to its innovation and scale.

Beijing accuses Brussels of protectionism over its threatened tariffs against imports of competitively priced quality cars, putting relations on an even rockier road.

Despite US fears about an overcapacity in Chinese green teach, China’s market share of solar modules and electric vehicles is smaller than that of other competitors. “Cooperative competition” between manufacturers can help both countries synergize their green industry transitions.

China officially connected to the internet in April 1994. Today, its online influence is stronger than ever.

Latest US protectionist moves targeting Chinese steel and aluminium imports, together with other measures, risk another damaging round of trade war.

The Biden administration’s moves against Chinese steel, aluminium, maritime logistics, shipbuilding and even Japan’s Nippon Steel appear well-timed to court union voters.

Services sector and overseas demand for exports may have buoyed first-quarter GDP, but daunting challenges remain for country on path to recovery.

The flow of domestic migrants is increasingly moving in the direction of the Greater Bay Area, the Yangtze River Delta and a handful of local economic hubs.

As global supply chains are reshaped, countries such as Vietnam and Mexico are becoming attractive manufacturing hubs. Chinese-backed factories in the US might face resistance, but the job growth and knowledge transfer they bring will benefit the American economy.