Author: Global News Insider
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BRICS Summit: Brazil Hosts Without Putin and Xi
Written by: Marián Šeliga, Advisor to the Board and Head of China desk at J&T bank Since taking office in 2013, Xi Jinping has attended every BRICS summit until now. However, he did not participate in the latest summit in Rio de Janeiro, Brazil, sending Premier Li Qiang in his place. This is not the…
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China in 2049
Photo: FAS.org Prepared by: Marián Šeliga Russian Sinologists Forecast What Russia and the World Can Expect from China’s Development by 2049 In the coming years, China is expected to continue rapidly increasing its military spending, advancing its position as the third nuclear superpower. By 2035, Beijing may reach parity with Russia and the United States…
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Chinese Economist Gao Shenwen faces scrutiny
By Globinsider According to a report in the Wall Street Journal, Gao Shenwen, a well-known economist and chief economist at SDIC Securities, has been banned from speaking publicly after making unprecedented comments about China’s GDP and economic policy. The comments were made during Gao’s recent trip to Washington. Gao Shenwen argued that the China’s GDP…
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Anticipated Trends in China’s Economy for 2024: Insights from a Press Conference on March 6, Featuring Prominent Chinese Speakers
Image: By Xinhua On the afternoon of March 6, the second session of the 14th National People’s Congress held an economic-themed press conference. Director of the National Development and Reform Commission Zheng Shanjie, Minister of Finance Lan Fo’an, Minister of Commerce Wang Wentao, Governor of the People’s Bank of China Pan Gongsheng, and Chairman of…
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Navigating China’s Economic Outlook: Anticipating a Downturn or a Renewed Market Confidence?
Written by: Marián Šeliga As the Lunar New Year in China officially starts today (February 10), we would like to undertake a comprehensive summarization of China’s economic performance in 2023. Additionally, forecasting for the upcoming year is essential. This analysis gains heightened significance in light of the escalating scepticism towards China’s economy. Contents: 1. China’s…
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The 15th BRICS summit in South Africa: new members invited, but no breakthrough on other tracks achieved
By: Marián Šeliga The 15th BRICS summit, which took place from August 22nd to 24th in South Africa, has reaffirmed the growing aspirations of developing and emerging nations to assume a more impactful role on the global stage. Current BRICS summit was first in-person gathering in four years after the COVID-19 pandemic. BRICS member countries…
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China’s weak recovery is worrying the government as well as investors
Photo: TheStar Written by Alicia Garcia-Herrero The sudden and immediate reopening of the Chinese economy after three years of zero-Covid policies on December 8 last year was accompanied by a rapid positive turn in foreign investors’ sentiment, leading to a surge in portfolio flows, especially equities. This shift was based on the experience of other…
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