Rising protectionism globally and a deeper trade war with the US may give China the much-needed push to bolster domestic consumption, said Weijian Shan, who chairs one of Asia’s largest alternative asset managers. An escalation of trade conflicts would spur China to reorient its economy “away from investments and exports in the direction of private…
Who would the Chinese President Xi Jinping prefer as his next counterpart in the White House? The world’s second-largest economy is repeatedly cited as America’s greatest strategic challenge. Regardless of who wins the election next week, that won’t change. China should anticipate a tougher political climate ahead. Beijing is watching closely to see how the…
Goldman Sachs Group Inc. strategists expect Chinese stocks to rise in the two to three months following the US presidential election, although they warn there may be a kneejerk reaction if former President Donald Trump wins. “China equities did not sell off in the past two weeks amid Trump risk repricing, which is indicative of…
Encouraging Chinese companies to set up joint ventures abroad may be Beijing’s only way out of its trade imbalances with Western countries, according to a Chinese foreign trade expert. Speaking at a round table event in Beijing on Friday, Huo Jianguo, former head of a think tank under China’s Ministry of Commerce, told representatives of…
China must “adapt its behaviour” to solve an escalating tariff row with Europe, EU chief Charles Michel told AFP Friday, warning of the dangers of the dispute escalating into a full-blown trade war. The European Council president met Chinese Premier Li Qiang on the margins of a Southeast Asian summit in Laos as Beijing and…
An EU-China trade war is “unavoidable” on current trends, according to Europe’s top business leader in the country, who said that Beijing’s own policies mean it could not be considered the “victim”. “A full-blown trade war looks more and more likely if nothing changes,” said Jens Eskelund, the chairman of the European Union Chamber of…
America’s top envoy to Beijing said the US will not tolerate a “second China shock” and expressed support for a “global pushback” to surging capacity in China’s electric vehicle (EV) industry and other sectors. Speaking via video link from Beijing on Thursday, US ambassador to China Nicholas Burns called on European allies to jointly address…
The bigger-than-expected cut in interest rates by the United States Federal Reserve may have sent the stock market cheering, but its impact on the economy, and the upcoming presidential election, is mixed, experts say. The US Fed on Wednesday cut the benchmark federal funds rate by half a percentage point to the 4.75 percent to…
Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. Now that European Commission President Ursula von der Leyen has laid out her ambitious restructuring of the EU executive arm, she must overcome the challenge of parliamentary hearings in the coming weeks. One that might give…
Hong Kong’s reputation as a top-tier global financial hub has taken another hit. A recent US advisory is urging American companies operating there to consider the legal and regulatory risks they may face, including possible sanctions violations. Doing business in the city, the alert argues, is the same as operating on the mainland, because of…