China Economy – Charm

End of Xi Jinping’s regime: How 80-year-old rival Hu Jintao may be staging a silent coup against China’s mightiest leader?

Between late May and early June, Chinese President Xi Jinping simply disappeared. No parades. No spotlights. No front pages in People’s Daily that once displayed him daily. Instead, other senior Communist Party leaders hosted visiting dignitaries in Beijing’s grand halls. According to CNN-News18, top intelligence officials say, “Xi Jinping’s absence is not unusual, and China…

Travel

What the latest travel data from China says about the world’s second largest economy

Cs news2 months ago2 months ago04 mins

1 / 6 China’s Ministry of Culture and Tourism said that local travellers made an estimated 314 million domestic trips between May 1 and 5. The growth was 6.4% compared to 9.2% a year earlier. However, the travel momentum was 36% higher than in 2019, the year before the pandemic. FILE PHOTO: People walk along…

How Trump tariffs have begun to bite China

Cs news2 months ago011 mins

US President Donald Trump‘s sky-high tariffs imposed in China have started making an impact even though China puts up a brave front. Tariffs have struck when China’s economy is struggling to fully recover from the pandemic effects and is also grappling with sluggish domestic demand and a protracted property sector crisis.China’s leaders are downplaying the…

Explainer: What the US-China Trade War Means for Fashion

Cs news3 months ago3 months ago017 mins

Until last week, getting products from China to the US as quickly as possible was top priority for some clients of Shift Fashion Group, a studio that helps brands with product development and manufacturing. That changed when tariffs as high as 145 percent kicked in last week. “They’re starting to put it on a boat…

Chinese tourists plan stops to smell the cherry blossoms on holiday weekend

Cs news3 months ago3 months ago02 mins

Chinese travellers will make a beeline for flowers over the long holiday weekend that starts Friday, with overall bookings topping last year’s totals according to industry analysts as many take advantage of deals and government-backed incentives. Many of those seeking getaways for the annual Ching Ming Festival break are booking trips to Japan or the…

China’s Xi Jinping calls for economic transition on Guizhou visit

Cs news4 months ago4 months ago03 mins

During a visit to the southwestern province of Guizhou – one of China’s poorest and most indebted areas – President Xi Jinping called for the region to undertake an accelerated economic transition, improve its business climate and better integrate with the country’s other local economies. The president’s inspection tour to the mountainous province on Monday…

China’s 2 Sessions: Slow Growth Collides With Tech Supremacy

Slow Growth Collides With Tech Supremacy – The Diplomat

Cs news4 months ago012 mins

The recently concluded “Two Sessions” – an annual gathering of China’s top political bodies – highlighted the country’s challenge of balancing slowing economic growth with ambitious technological progress. A key takeaway from the Two Sessions is Beijing’s commitment to integrating private tech firms into national policy decisions on innovation. Leading high-tech firms would play an…

Key China gauges top forecasts before US tariff pain deepens

Cs news4 months ago03 mins

Consumption, investment and industrial output topped estimates to start the year in China, pointing to signs of resilience for an economy still in need of more stimulus as Donald Trump‘s tariffs threaten growth. The upswing suggested Beijing’s pro-growth pivot since late September continued to feed momentum. At the same time, the property market stayed under…

China retail sales pick up as Beijing looks to consumers to ease US trade pressure

Cs news4 months ago09 mins

BEIJING, March 17 — China’s retail sales growth quickened in January-February in a welcome sign for policymakers’ efforts to boost domestic consumption even as joblessness rose and factory output eased, underscoring the strains on an economy facing fresh US tariff pressure. Policymakers have put expanding domestic demand as the top priority this year as they…

China hosts political meetings as US tariffs loom

Cs news4 months ago010 mins

TAIPEI, TAIWAN — China kicks off its biggest political meetings of the year this week as additional tariffs from the United States loom and the leadership in Beijing looks to address what Chinese President Xi Jinping has called “complex and multifaceted” economic challenges. Starting on Tuesday, thousands of Chinese elites and lawmakers will begin gathering…