A seismic selloff in Treasuries paused Thursday as investors’ attention turned from Donald Trump’s victory in the US presidential election to interest-rate decisions from major central banks including the Federal Reserve. The yield on 30-year US bonds was little changed at 4.61% after a 17-basis-point surge Wednesday — the biggest since March 2020. UK debt…
An expanded US-China trade war during President-elect Donald Trump’s second term could slash the Asian nation’s economic growth by two percentage points and prompt Beijing to stimulate domestic demand, according to Macquarie Group Ltd. Trump’s campaign vow to raise tariffs on Chinese goods to 60% could cause the nation’s exports to decline by about 8%…
China’s export growth surged in October to the fastest in more than two years, extending a months-long run of resilience that helped sustain the economy before a barrage of stimulus measures aimed at shoring up domestic demand. Exports rose 12.7% in dollar terms from a year earlier and imports fell 2.3%, the customs administration said…
Donald Trump is back. With him comes renewed vows to take on China and reclaim America’s position atop the global word order. And he’s vowing to pick up where he left off on his trade war with China. In this week’s podcast, Rebecca Jones asks Bloomberg senior editor Malcolm Scott about the big implications that…
Hi, this is Rebecca Choong Wilkins in Hong Kong, where I watched that red wave sweep across the US electoral map while wondering what Beijing is making of Donald Trump moving into the White House again soon. There’s no doubt Chinese officials were closely watching given the stakes are mammoth: Trump’s return may reignite a…
China’s central bank chief pledged to maintain an accommodative monetary policy stance and to double down on countercyclical adjustments to support the country’s economic growth. In a report on the nation’s financial work to China’s top legislative body, the National People’s Congress Standing Committee, People’s Bank of China Governor Pan Gongsheng on Tuesday suggested that…
Chinese lawmakers are gathering in the shadow of the US election to sign off on a fiscal package that’s set to run into the trillions of yuan yet is unlikely to put the market fully at ease. The stakes have grown for this week’s conclave of the Standing Committee of the National People’s Congress, the…
With the weeks running down on 2024, Chinese policymakers are already in a position to declare “mission accomplished” on their (almost) decade-long Made in China 2025 project. Despite headwinds including major tariff hikes by successive US administrations, the worst domestic housing slump in modern times and an increasing fragmentation of the global economy into competing…
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Listen to Odd Lots on Apple PodcastsListen to Odd Lots on SpotifySubscribe to the newsletter In 2015, China identified several key industries of the future for which it aimed to compete at the technological frontier. The ‘Made in China 2025’ plan included expansion in things like EVs, solar power, batteries, semiconductors, AI, and drones. But…