China’s economy expanded by 5.2 percent in 2023, edging past its 5-percent target, the most modest in more than two decades, according to the country’s statistics office.
Tag: China
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U.K.’S DEFENSE HEAD SAYS WEST SHOULD PREPARE FOR WAR WITH RUSSIA, CHINA, IRAN, AND NORTH KOREA
Grant Shapps, the British defense minister, said the U.K. needs to prepare for war within five years with Russia, China, Iran, and North Korea—the countries that the U.S. has already identified as the new “Axis of Evil.”
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
The world’s investment managers no longer see Chinese stocks as essential to their portfolios, according to Bloomberg’s analysis of 14 U.S. pension funds.
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TAIWAN ELECTS RULING-PARTY CANDIDATE WHO REJECTS CHINA’S SOVEREIGNTY CLAIMS OVER ISLAND
Taiwan voted in favor of its current ruling party last week—ensuring more tensions with China in the next four years.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
“On the path ahead, winds and rain are the norm” for the Chinese economy, president Xi Jinping told his countrymen in a New Year’s Eve speech.
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SPOTLIGHT: CHINA’S ECONOMIC MALAISE
China’s factory output increased 6.6 percent in November, year on year, beating economists’ forecasts. Retail sales jumped 10.1 percent on an annual basis, although they fell short of analysts’ expectations.
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U.S., SOUTH KOREA, JAPAN, FORM TRILATERAL MILITARY ALLIANCE TO COUNTER CHINA, ADDING TO TENSIONS IN REGION
Top national security advisers from the U.S., Japan, and South Korea met earlier this month in Seoul to follow up on the high-profile Camp David Summit in August with their countries’ leaders where countering China emerged as the conversation’s centerpiece.
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SPOTLIGHT: CHINA’S ECONOMY STRUGGLES
In November, China's consumer prices fell the fastest since November 2020, dropping 0.5 percent year on year, according to the country’s National Bureau of Statistics (NBS).
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
From January through August this year, Walmart bought 25 percent of its imported goods from Indian suppliers, compared to 2 percent in 2018.
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SPOTLIGHT ON CHINA: ONWARD AND DOWNWARD, CHINA’S ECONOMIC STRUGGLE
Zhongzhi Enterprise Group, one of China’s largest wealth managers, has announced it is bordering on insolvency, with between $58 billion and $64 billion in liabilities, in dollar terms. It has assets of less than $25 million, the company said.