China is suffering from deflation, devaluation, capital flight and the loss of foreign investment — all at the same time. Unprecedented, far worse than "Japanification."
When Bloomberg Economics Chief Economist Tom Orlik published China: The Bubble That Never Pops (Oxford University Press) in 2020, the Chinese economy was facing threats on multiple fronts. After the economic miracle of the previous decades,
O VER THE past decade, as Chinese governance has become more politicised and a fear of punishment has taken hold, local officials have changed the way they do things. Many are hol
Beijing hit its GDP growth target of 5 percent in 2024, according to its statistics bureau—but deflationary pressures remain.
China has reported that its economy expanded at a 5% annual pace in 2024, achieving Beijing’s target of “around 5%” growth helped by strong exports and recent stimulus measures.
China's economy grew 5% last year, matching the government's target, but in a lopsided fashion, with many people complaining of worsening living standards as Beijing struggles to transfer its industrial and export gains to consumers.
Social media exploded in a celebration after the news that a Chinese start-up had made an artificial intelligence tool that was more efficient than any in the United States.
Once a global leader in cryptocurrency mining, China banned the activity in 2021, citing financial and environmental concerns. Russia is also becoming increasingly dependent on its neighbor at a time when its war-time economy is being choked by sanctions, with no end in sight.
China's Xi JInping will attempt to use Donald Trump's penchant for transactional deal making in order to avoid new export restrictions and support for Taiwan.
President Donald Trump said he would roll out his first round of tariffs on February 1. Some small business owners are preparing.
While addressing the elephant in the room, the survey also spoke about the dragon in the room. China, it acknowledged, will have a bearing on the growth projections.