An escalating cold war between US and China would be a...
A brewing US-China cold war could drag global economic growth down as much as 7%, an IMF official said this week. The emergence of "connector" countries is why the effect of ongoing tensions hasn't been bigger. Trade fragmentation carries a higher price tag compared to the US-Soviet cold war, the official said. Thanks for signing…
China may be shaking out of its slump, and its economy...
Bank of America boosted its forecast for China's economic growth in 2024 on the heels of a surprisingly strong first-quarter performance from the world's second-largest economy.The bank raised its outlook for full-year GDP growth to 5.0% from 4.8% and raised its 2025 forecast to 4.7% from 4.6%. The upward revision comes after China saw 5.3%…
The freefall in China’s home prices continued in March as Beijing...
Home prices slumped in March, extending the housing market's decline and leaving authorities in Beijing scrambling for solutions to the country's real estate crisis. Home prices in China sank compared to last year for both new and used properties, though there was a slight month--over-month improvement, according to Tuesday's National Bureau of Statistics data.New-home prices in…
Biden warns Xi Jinping about China’s ongoing support for Russia amid...
US President Joe Biden and China's leader Xi Jinping spoke in a Tuesday phone call.The leaders discussed global conflicts, including China's support for Russia amid the Ukraine war. Russia has managed to maintain its economy thanks in part to its trade partnership with China. Thanks for signing up! Access your favorite topics in a personalized feed…
How Putin and Xi both bent their nations to their will...
When Putin delivered his victory speech in Russia's election (widely condemned as meaningless), there was one man he singled out for praise: China's authoritarian leader Xi Jinping.Putin lavished praise on Russia's ties with China, saying they would grow even stronger in his fifth presidential term, underpinned by his "good personal relations" with Xi.Reuters reported that…
As fears of war brew, China and Taiwan are still joining...
Taiwan's coast guard has run more than a dozen joint rescue operations with China in the last three years, the agency's chief said on Thursday — marking a rare area of cooperation between both governments amid mounting tensions.Chou Mei-wu, the director-general of Taiwan's coast guard, made the comment in parliament on the same day that…
With Super Tuesday over, China and Xi may be praying for...
With Super Tuesday setting the US up for a Biden-Trump rematch, it looks like China has no good choices.But between both men, a rising theory says Trump may emerge to be China's favored candidate.Experts say his unpredictability among allies may shake their faith in the US, leaving openings for Beijing. Thanks for signing up! Access…
China’s latest market crackdown shows it hasn’t learned any lessons
Beijing is now trying to support the flailing Chinese stock markets by pulling a familiar move — cracking down on private sector activities.While such moves may help stem immediate market losses, they hurt China in the long run.Remember — China's recent private sector enterprise crackdown wiped out over a trillion dollars from its tech sector…
China’s master plan to crush Elon Musk
When Tesla CEO Elon Musk was asked in 2011 about the Chinese electric-car maker BYD — a Warren Buffett-backed company focused on cheaper eclectic vehicles with a name short for Build Your Dreams — he simply laughed it off. "Have you seen their car?" he said with a giggle to Bloomberg TV, adding that BYD…
China and Russia both think Trump is an ‘easy mark’ to...
Trump-era NatSec adviser John Bolton said his former boss is considered an "easy mark" by US rivals.Both Beijing and the Kremlin would celebrate if Trump were re-elected, Bolton said.Bolton told MSNBC that Trump had already fallen for one of Vladimir Putin's ploys this month. Thanks for signing up! Access your favorite topics in a personalized feed while…
