Chinese President Xi Jinping in his New Year's Eve speech said these issues remained at ‘forefront’ of his mind & that his govt would ‘deliver a better life’ for the Chinese people.
This is the edited transcript of ThePrint CutTheClutter Episode 1363, published on 7 December 2023, on China’s housing crisis & ‘shadow banking’ sector.
July-September quarter saw China record 1st FDI deficit. It's also grappling with exit of individual wealth triggered by factors like loss of faith in real estate sector, say experts.
With its own EV market in a nascent stage, India could be an attractive investment destination because China's economy is slowing and Europe is looking to curb Chinese imports.
Renminbi trade to sky-high debts, China is seeing signs of economic distress everywhere. Xi's ‘muddling through’ strategy is just a politically viable option.
Unless India lines up a ‘Plan B’ before Modi govt can nix the model it has come to depend on, the unimpactful attempts to hurt China economically will continue.
Debt owed by China’s famed local-government financing vehicles (LGFVs) reached roughly $7.8 trillion in 2022, almost double that of 2017, according to IMF report.
Although a modest bounce back for China cannot be ruled out, the widely anticipated challenge it was supposed to pose to Western strategic dominance is still some ways away.
China’s GDP grew by just 3% last year, funneled by 3 years of Covid-19 crisis in its property sector, a crackdown on private enterprise & weakening demand for exports.
Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities.
In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
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