Five days into the new administration, the White House announced on Friday that it was conducting a “compliance review” of what it termed the “Economic and Trade Agreement” between China and the United States. A statement by the Office of the US Trade Representative (USTR) said the intent was to determine if China is “acting…
(Bloomberg) — China’s economy likely grows slower than official figures suggest, and a rate of expansion of around 3% to 4% is probably a realistic outlook for the coming years, according to a prominent Chinese economist. Most Read from Bloomberg The remarks on Thursday by Gao Shanwen, chief economist at SDIC Securities, who’s previously advised…
President Xi Jinping has subtly toned down China’s focus on achieving its annual economic growth goals this year, seemingly indicating the difficulties faced by the world’s second-largest economy in achieving its “around 5 per cent” gross domestic product target. “We should strive to fulfil the economic and social development goals and tasks for the whole…