Tag: economy
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A Middle Power Goes Its Own Way: Canada Rebalances Between Washington and Beijing
Author: Marián Šeliga, Head of China desk, Advisor to the Board of J&T bank Canadian Prime Minister Mark Carney visited China last week, becoming the first Canadian leader to make an official trip to Beijing in nearly a decade. During the visit, Canada and China reached an agreement to significantly reset their economic and trade…
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China’s “too big to fail” property giant is facing serious challenges
Author: Marián Šeliga, Head of China desk at J&T Bank The Chinese property developer Vanke* is facing the most challenging period in its history. Since the onset of the COVID-19 pandemic, strict deleveraging measures introduced under President Xi Jinping, together with a steep fall in apartment sales, have placed many Chinese property developers under severe…
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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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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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