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China’s export-driven economy was for decades the workshop of the world. In 2001, when China joined the World Trade Organisation (WTO), it accounted for 4 per cent of the world’s exports, and by 2017, that had risen to 13 per cent. The trade war with the United States damaged China’s exports as tariffs made its goods more expensive for American buyers. The coronavirus outbreak subsequently damaged overseas demand for Chinese products, leading many analysts to predict a huge slump in exports over the second quarter of the year. Imports have become an increasingly closely watched gauge of China’s economic health, as it transitioned away from an export-driven growth model towards a more consumption-based model.
Recent deal between China and Saudi Arabia is an important step as world wakes up to the consequences of denominating almost all global trade in the American currency.
Even after its first foreign investment deficit, China remains an attractive market for many firms, but bureaucrats need to do more to attract business.
Beijing leaders assure nations, regions and groups attending Shanghai showcase that country’s middle-class consumer colossus can drive global recovery.
Meeting between China and the US is not only about avoiding doomsday, but a show of joint leadership that can bring a troubled world to a better place.
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It is still to be confirmed, but all signs point to a meeting between Xi Jinping and Joe Biden at the Apec summit in San Francisco next month.
- A proposal for deeper integration of China’s Greater Bay Area has pointed to the European Union as a useful example of a common market
- Suggestions include removing barriers in service industries, market access to build unified, resilient area
A highway tunnel under construction in China’s Xinjiang region is expected to be the world’s longest, and serve as a symbol of stronger ties with Central Asia.
President Xi Jinping pledged more measures to attract foreign investors in November, Premier Li Qiang took the helm at the Central Financial Commission and China announced visa-free entry plans.
In the wake of China’s unilateral granting of visa-free entry, a number of experts have said an even wider opening would do a great deal in supporting the country’s economic recovery.
Speakers at supply chain forums repeatedly brought up tech and innovation as ways for China to avoid uncertainties and maintain its place as the world’s manufacturing hub.
Turkish ambassador says his country can help China’s trade with the world, including the European Union, with which Turkey has a free-trade agreement while China does not.
It’s been one year since the public release of ChatGPT, kick-starting an AI race that is commanding vast resources by Chinese firms looking to cash in on ‘frontier tech’.
Diplomat’s revelation suggests halting of feud with Beijing over Vilnius permitting opening of controversially named Taiwanese office in its capital.
Premier Li Qiang spoke during the opening ceremony of the inaugural China International Supply Chain Expo on Tuesday in Beijing.
Hours before Beijing is to launch international expo featuring tech giants like Tesla and Apple, Joe Biden unveils White House ‘resilience council’.
Chinese commerce minister Wang Wentao met Vietnamese Prime Minister Pham Minh Chinh on Saturday in Ho Chi Minh City, with trade and Vietnamese infrastructure on the agenda.
Politburo holds monthly meeting but makes no mention of when the party’s much-anticipated plenum will take place.
Thailand’s Land Bridge project could reduce dependency on the Malacca Strait for shipping goods, but it has yet to be included in China’s ambitious Belt and Road Initiative.
Seven new dry ports that Mongolia is building will help expedite the flow of goods, including critical coal headed for not only China, but also Europe.
China has a distant-water fishing fleet twice as big as its nearest rival, but crew members are dying of violence and neglect – and with little regulation, that is unlikely to change any time soon.
Far-right former TV pundit campaigned on severing relations with Beijing, but he won with backing from ex-president who warned against doing so.
In an annual ranking of English skills, mainland China had a precipitous fall, a sign the language is a lower priority among learners as relations with the West worsen and recent reforms limit schoolwork.
Construction of the Power of Siberia 2 natural gas pipeline is likely to be slower than expected despite the ‘no limit’ strategic partnership between Beijing and Moscow.
Russia’s invasion has limited shipment routes from China to Europe and raised interest in alternative and nascent routes – including across the choppy Caspian Sea. But relevant governments need to get on board.
The Chinese leader’s message promoting digital trade and common rules comes as the US is walking back its long-standing commitment to free trade.
China’s southern province of Guangdong pledged to build a so-called Digital Bay Area amid efforts to create a driving force for high-quality economic and social development.
Readers discuss America’s constitutional foundation of federalism, the arrests of Vietnam’s environmental activists, and the significance of China’s trade expo success.
Ex-Chongqing mayor Huang Qifan says China’s underinvestment in original innovation, as well as a services trade deficit, should be addressed.
The International Supply Chain Expo kicks off next week and is expected to show progress in China’s self-sufficiency drive as ‘de-risking’ becomes more prevalent in a time of geopolitical uncertainties.
Known for his critical assessments of China’s economy, Yu says there is ‘very big room’ for more expansionary fiscal policies, and time is of the essence in adopting them – or bigger risks could emerge.
Anti-dumping duties of up to 24.2 per cent will be imposed on a product used to make plastic bottles following complaints European firms are being undercut.
‘We do not understand the interest’ in the bloc of leading emerging markets including China, despite membership being poised to start from January.
