Tag: #China
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From Tianjin to Tiananmen: SCO Summit Highlights Xi’s Global Governance Initiative, India’s Balancing Act, and Russia–China Advance Pipeline Deal
By Marián Šeliga, Head of China desk, Advisor to the Board at J&T Banka Xi opens SCO summit in Tianjin with speech calling for reforming current global governance system India’s Prime Minister takes part in the summit and shakes hands with Xi Jinping The summit, along with the information released on its sidelines, signals that…
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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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Chinese developer EVERGRANDE is in trouble. Are we on the brink of another financial crisis?
People watching the stock markets have certainly noticed that the Chinese property developer Evergrande’s liquidity crisis shook stock markets in Asia, Europe and the US. On monday the shares of Evergrande fell by almost 10% and the bad trend will continue. (The shares of Evergrande have already fallen by 80% this year). Yesterday’s slump in…
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