opinion Tom Watkins Published 11:00 PM EDT Sep 13, 2019 Lately, there have been many Paul Reveres sounding the alarm over China's rise to prosperity. While this is a worthy endeavor, simply whining and complaining about China’s rise is neither a strategy nor a plan. It should come as no surprise that China wants to rise. As a country, China was the world’s largest economy in 17 out of the past 21 centuries. The anomaly is just the past couple of centuries that they have been surpassed by other western countries economically. Since opening to the world four decades ago, China has been like an economic rocket on steroids. We ought to worry less about China’s rise, and focus instead on assuring that it does not come at the cost of America’s demise. To be clear, there are legitimate issues that our governments need to address … [Read more...] about Opinion: Whining about China is no plan
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Laura McCamy, provided by Published 8:10 am PDT, Monday, May 6, 2019 VCG via Getty Images China's booming economy means a booming demand for luxury brands and a growing list of billionaires. China is the world's largest exporter, but there's a lot more to China's economy than the goods it exports to the US. Here are 11 facts you might not have known about the modern Chinese economy. Visit MarketsInsider.com for more stories. China is the world's largest exporter. Your air conditioner was probably made in China, as was your computer and maybe even your shoes. But there's a lot more to China's economy than the goods it exports to the US. China's booming economy means a booming demand for luxury brands and a growing list of billionaires. And old traditions have been given a modern twist — Lunar New Year is not only the most important and widely celebrated Chinese holiday, but now the biggest shopping week of the year, too. Here are 11 facts you might not … [Read more...] about 11 mind-blowing facts about China’s economy
Since the election of Donald Trump, one story has dominated global markets news: the trade war between China and the US. As negotiations reached a critical phase last month, markets fluctuated as setbacks led to breakthroughs, only for talks to stall again. But while investors are right to worry about currents of protectionism in the world’s two largest economies, they would do well to remain focused on the bigger picture. Those who do will notice that, despite the worrying headlines, there are many reasons to be optimistic about China’s economic prospects. The first reason is politics. As China and America’s aggressive trade stance filters through to the population of each country, the pressure to reach agreement will increase. For Donald Trump, who faces poor approval ratings and relies on a loyal rump of support to keep impeachment at bay, it is imperative that the economy remains strong. It is also important that his agricultural base – much of which relies … [Read more...] about There are plenty of reasons for investors to be optimistic about China
GENEVA (Reuters) - The United States has accused China of hiding some trade-distorting subsidy programs from international scrutiny while disclosing others it does not need to, according to a document circulated on Wednesday at the World Trade Organization. FILE PHOTO: U.S. President Donald Trump, U.S. Secretary of State Mike Pompeo, U.S. President Donald Trump's national security adviser John Bolton and Chinese President Xi Jinping attend a working dinner after the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. REUTERS/Kevin Lamarque/File Photo The U.S. document lists 70 questions about Beijing’s subsidy programs that highlight Washington’s misgivings about the role the state plays in China’s huge and growing market. China is fighting a major trade dispute at the WTO against U.S. and EU claims that China is not a “market economy” and therefore that its export prices should not be taken at face value when evaluating whether it is … [Read more...] about U.S. sends 70 questions to WTO about China’s subsidies
By Inti Pacheco WSJ Theo Francis WSJ Mon., Jan. 14, 2019 When Apple Inc. said China’s slowing economy contributed to its late-year sales slump, the news rattled the stocks of other major U.S. companies with big operations in the world’s second-largest economy. Now, as U.S. companies prepare to report their quarterly earnings, China’s impact will be revealed. The amount of damage is likely to depend on such factors as who the company’s customers are and how much competition it faces in China. Take Starbucks Corp. and Nike Inc. The coffee chain, which faces relatively stiff competition in China, has warned of slow growth in the country, while the sneaker maker, which doesn’t, just reported big gains there. Some companies that are heavily exposed to the country, like chip maker Texas Instruments Inc., may prove less vulnerable because their customers are primarily Chinese manufacturers rather than consumers. Conversely, companies … [Read more...] about Apple Rattled Markets With Warning About China. Who’s Next?