U.S. Economist Warns Against Using Overcapacity as Excuse for Protectionism
U.S. economist Nicholas Lardy warns that labeling China’s new energy production as ‘overcapacity’ is an excuse for protectionism that could harm global economic growth.
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Comprehensive coverage of economic and business news worldwide, with a strong focus on Asia’s emerging markets, trends, and opportunities.
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Liuzhou’s ‘Babybus’ Leads China’s Electric Vehicle Revolution
Liuzhou, a city in south China, is revolutionizing the nation’s electric vehicle industry with its popular ‘babybus’ NEVs. Discover how this small city is driving China’s EV transition.
China’s Debt Levels Manageable Despite High Leverage, Says CF40 Economist
Despite China’s debt reaching 363 trillion yuan, a leading CF40 economist asserts that the levels are manageable, highlighting low inflation and modest financial asset ratios compared to global standards.
China’s Green Revolution: Low-Carbon Industries Reshape Global Economy
China is rapidly expanding its green and low-carbon industry, leading global efforts in sustainable development through innovation, increased production of eco-friendly products, and significant reductions in energy consumption.
Chinese Ambassador Xie Feng Urges Fair Competition Amid U.S. Miscalculations
Chinese Ambassador Xie Feng criticizes U.S. policies towards China, calling for fair competition and cautioning against miscalculations that could escalate tensions between the two nations.
IMF Warns U.S. Fiscal Deficit Poses Major Risk to Global Economy
The IMF warns that the substantial U.S. fiscal deficit poses a significant risk to the global economy, urging action to address the imbalance between spending and revenue.
US-China Tensions Escalate Amid Tech Sanctions and Proposed TikTok Ban
The U.S. intensifies tech sanctions on the Chinese mainland and moves toward a potential TikTok ban, escalating tensions and raising global concerns over future relations.
IMF Warns Trade Restrictions Could Backfire on Initiating Countries
IMF Chief Economist Pierre-Olivier Gourinchas cautions that trade-restrictive measures may distort trade against the countries that implement them.
China’s Clean Energy Overcapacity: Separating Fact from Fiction
Is China’s clean energy production exceeding global demand? We examine the data and explore whether China’s so-called ‘overcapacity’ in clean energy products is fact or fiction.
CCPIT Calls on U.S. to End Section 301 Probe into China’s Maritime and Shipbuilding Sectors
The China Council for the Promotion of International Trade urges the U.S. to halt its Section 301 investigation into China’s maritime, logistics, and shipbuilding sectors, advocating for a return to multilateral trade rules.
China Set to Surpass G7 Combined Growth in Next Five Years: IMF Forecast
China is projected to lead global economic growth over the next five years, surpassing the combined contributions of all G7 nations, according to an IMF forecast reported by Bloomberg.
Luxury Retailer Ted Baker Closes 11 UK Stores Amid High Street Decline
Luxury fashion retailer Ted Baker has closed 11 UK stores, highlighting challenges facing high street retailers amid a shift towards online shopping and changing consumer behaviors.
China’s May Day Holiday Sees Travel Surge in Smaller Cities
China’s May Day holiday sees a significant surge in travel to smaller cities, with data showing a shift towards fourth-tier and county-level destinations, according to Ctrip’s latest report.
China’s CSRC Announces Mutual Fund Trading Fee Reforms Effective July 2024
China’s CSRC announces new regulations to standardize mutual fund trading fees, aiming to enhance transparency and protect investors. The rules take effect from July 1, 2024.
CGTN Launches ‘BizFocus’ to Spotlight China’s Vibrant Business Sectors
CGTN has introduced ‘BizFocus,’ a new series delving into China’s dynamic economy and business landscape through in-depth interviews and on-the-ground coverage.
China’s Q1 Economy Strengthens with Stable Operations and Record Trade Growth
China’s economy showed robust growth in the first quarter, with stable business operations and record trade volumes, according to Vice Commerce Minister Guo Tingting.
Ugandan Official Praises South-South Cooperation for Boosting Agricultural Productivity
Uganda’s senior presidential advisor for agriculture highlights the positive impact of South-South Cooperation on local farmers’ incomes and skills development.
China-Uganda Cooperation Strengthens Agricultural Sector Amid Growing Trade
China and Uganda are enhancing agricultural productivity through increased cooperation, as trade between Chinese private companies and Africa rose by 12.8% in the first quarter of 2023.
Debunking the ‘Overcapacity’ Myth in China’s NEV Industry
Is China’s NEV ‘overcapacity’ a real issue? Explore how market restrictions, not overproduction, fuel this debate.
Global Spotlight on China’s Production Capacity Amid Overcapacity Discussions
Media attention turns to China’s production capacity as discussions on potential overcapacity attract worldwide interest.