China will continue to grow at a sustainable rate, and will not experience a hard landing, Chinese President Xi Jinping said in London. “China will not close the door it has opened. We are working to build a new system of an open economy and we will make renewed effort to make an open world economy”. In […]
Premier Li Keqiang says that China’s economy remains a source of the world’s growth thanks to people’s zest for innovation, entrepreneurship and stronger international cooperation. China’s confidence is well-grounded and not “blind optimism,” the premier said in a speech at the World Economic Forum’s event in northeast China’s Dalian, known as Summer Davos. Read Here – […]
Past Chinese presidents have left the finer points of the economy to their premiers. Not Xi Jinping. Since taking over the ruling Communist Party in November 2012, Xi has given himself direct control over both short-term financial policies and broader economic planning. He exercises this power through two secretive “leading groups,” one a reform panel […]
A hard landing in China could expose a large number of countries to unforeseen consequences and dash hopes of a global recovery. China’s plight also drives the final nail into the coffin of the once fashionable theory of “decoupling”, which argued for an autonomous economic sphere around China that could soar even as the US […]
Concern is growing that China’s economy could be headed for a hard landing. The Chinese stock market has fallen 20 percent over the past year, to levels last seen in 2009. Continued softness in recent data – from purchasing managers’ sentiment and industrial output to retail sales and exports – has heightened the anxiety. Long […]
looking beyond borders 