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Thursday, March 28, 2024
TopicChinese economy

Topic: Chinese economy

SubscriberWrites: Assessing Xi Jinping’s contemporary economic, foreign policy

Unemployment is high in China. In order to solve this economic problem, Xi has sought to rely on Mao style non-conventional ideological wisdom.

Xi admits ‘headwinds’ staring down Chinese economy — slowdown, unemployment

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.

‘Shadow banking’, ‘rotten tails’ & mortgage boycotts — how China’s housing market unravelled

This is the edited transcript of ThePrint CutTheClutter Episode 1363, published on 7 December 2023, on China’s housing crisis & ‘shadow banking’ sector.

As China’s slowing economy faces capital flight, focus is on ‘managing the crisis’

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.

Chinese EV maker sold 5x what India’s whole industry did, and in 1/3rd time. What’s behind this gap

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.

Chinese economy won’t go bust but get caught in Japan-like limbo. It’s a test of Xi’s model

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.

Modi govt wants to hurt China with laptop import curb, but it will end up hurting India

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.

Why China’s local government debt nearly doubled in 5 yrs, and why problem may get worse

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.

With China’s economy in a slumber, US’s position as world #1 seems safe for now

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 sets modest growth target of about 5% as parliament kicks off

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.

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

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. 

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

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.

For BJP, Kejriwal is an idea whose time has come to be destroyed

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.