China and the US reached a truce in their trade war at the recent meeting between Donald Trump and Xi Jinping in South Korea. And the two leaders even pledged to visit each other’s countries next year. But US tariffs on Chinese imports remain at around 47% — and a dispute over the export of US semiconductor chips to China looks set to continue. These tensions seem to have informed the Communist Party’s newly released proposals for China’s next Five Year Plan, which focus on innovation and mak...
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China and the US reached a truce in their trade war at the recent meeting between Donald Trump and Xi Jinping in South Korea. And the two leaders even pledged to visit each other’s countries next year. But US tariffs on Chinese imports remain at around 47% — and a dispute over the export of US semiconductor chips to China looks set to continue. These tensions seem to have informed the Communist Party’s newly released proposals for China’s next Five Year Plan, which focus on innovation and mak...
China's Economic Challenges — Consumption Slump and Soaring Local Government Debt
China In Context
51 minutes
8 months ago
China's Economic Challenges — Consumption Slump and Soaring Local Government Debt
With the US imposing new tariffs on Chinese exports, the state of the country’s domestic economy has become all the more crucial. Despite healthy export growth in recent years, at home consumer confidence has plummeted, with rising youth unemployment and a slump in the once booming housing market. Will recent government steps to reassure consumers and entrepreneurs and stimulate property sales be enough to revive the economy? Or does soaring local government debt mean more creative solutions ...
China In Context
China and the US reached a truce in their trade war at the recent meeting between Donald Trump and Xi Jinping in South Korea. And the two leaders even pledged to visit each other’s countries next year. But US tariffs on Chinese imports remain at around 47% — and a dispute over the export of US semiconductor chips to China looks set to continue. These tensions seem to have informed the Communist Party’s newly released proposals for China’s next Five Year Plan, which focus on innovation and mak...
