Tag #Global Economy

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french.china.org.cn

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Dec 12, 10:10

ADB Lowers Asia Growth Forecast Amidst US Uncertainty, China's Economic Strength Remains

The Asian Development Bank lowered its growth forecast for developing Asia to 4.9% in 2024 and 4.8% in 2025 due to uncertainty about US policy changes, contrasting with China's stable growth forecast and positive assessment by international organizations.

ADB Lowers Asia Growth Forecast Amidst US Uncertainty, China's Economic Strength Remains

The Asian Development Bank lowered its growth forecast for developing Asia to 4.9% in 2024 and 4.8% in 2025 due to uncertainty about US policy changes, contrasting with China's stable growth forecast and positive assessment by international organizations.

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What is the primary impact of the ADB's revised growth forecast for developing Asia and how does it relate to US policy changes?

The Asian Development Bank (ADB) lowered its growth forecast for developing Asia to 4.9% in 2024 and 4.8% in 2025, citing uncertainty stemming from potential US policy changes. However, China's growth forecast remained at 4.8% for 2024 and 4.5% for 2025. This highlights a divergence in economic trajectories, with China projecting stability while uncertainty surrounds the US.

repubblica.it

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Dec 12, 13:11

Asian Markets Surge on China Policy Optimism and US Inflation Data

Asian stock markets closed higher on December 15th, 2023, driven by China's economic work conference and US inflation data; Hong Kong's Hang Seng Index rose 1.20%, Shanghai Composite 0.85%, and Shenzhen Component 1%. Brunello Cucinelli's stock surged 6.52% after raising its 2024 revenue guidance, wh...

Asian Markets Surge on China Policy Optimism and US Inflation Data

Asian stock markets closed higher on December 15th, 2023, driven by China's economic work conference and US inflation data; Hong Kong's Hang Seng Index rose 1.20%, Shanghai Composite 0.85%, and Shenzhen Component 1%. Brunello Cucinelli's stock surged 6.52% after raising its 2024 revenue guidance, wh...

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What is the immediate impact of the positive economic indicators and policy announcements on Asian stock markets?

Hong Kong's Hang Seng Index rose 1.20% to 20,397.05 points, while the Hang Seng Tech Index gained 1.53% to 4,600.82 points. Mainland China also saw gains, with the Shanghai Composite closing up 0.85% at 3,461.50 points and the Shenzhen Component Index rising 1% to 10,957.13 points. This positive performance follows China's central economic work conference and positive US inflation data.

cnbc.com

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Dec 11, 01:09

"China Courts Wall Street Amidst Looming US Tariffs"

"Chinese Vice Premier He Lifeng met with executives from BlackRock, Goldman Sachs, and Citigroup in Beijing in November and December 2020 to build relationships ahead of anticipated tariffs imposed by the incoming Trump administration, reflecting China's proactive approach to managing potential trad...

"China Courts Wall Street Amidst Looming US Tariffs"

"Chinese Vice Premier He Lifeng met with executives from BlackRock, Goldman Sachs, and Citigroup in Beijing in November and December 2020 to build relationships ahead of anticipated tariffs imposed by the incoming Trump administration, reflecting China's proactive approach to managing potential trad...

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"What are the potential long-term impacts of these meetings on US-China trade relations and the global economy?"

"The outcome of these meetings remains uncertain. However, the proactive engagement suggests China is preparing for potential trade conflicts by securing lines of communication with influential figures in the US administration. The long-term impact could affect US-China trade relations and global financial markets."

europe.chinadaily.com.cn

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Dec 11, 04:10

China's Foreign Trade Defies Expectations, Surges 4.9%

China's foreign trade surged 4.9 percent year-on-year to $5.5 trillion in January-November, exceeding seasonal trends due to robust global demand, policy adjustments, and strategic diversification into emerging markets.

China's Foreign Trade Defies Expectations, Surges 4.9%

China's foreign trade surged 4.9 percent year-on-year to $5.5 trillion in January-November, exceeding seasonal trends due to robust global demand, policy adjustments, and strategic diversification into emerging markets.

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How is China's export growth distributed geographically, and what are the key contributing sectors?

Higher overseas demand and preemptive stocking by foreign importers anticipating potential US tariffs are fueling export growth. Growth is evident across various markets, including the EU, US, ASEAN, BRI economies, Africa, and South America, indicating diversification beyond traditional markets.

german.china.org.cn

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Dec 11, 13:07

China's Foreign Trade Shows Resilience Amidst Global Uncertainty

China's foreign trade grew by 4.9% in the first eleven months of 2023, reaching 39.79 trillion yuan, driven by strong exports of high-tech products and sustained imports despite global uncertainties and trade tensions.

China's Foreign Trade Shows Resilience Amidst Global Uncertainty

China's foreign trade grew by 4.9% in the first eleven months of 2023, reaching 39.79 trillion yuan, driven by strong exports of high-tech products and sustained imports despite global uncertainties and trade tensions.

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What is the overall impact of China's stable foreign trade growth on the global economy, given the current geopolitical climate?

"In the first eleven months of 2023, China's foreign trade volume reached 39.79 trillion yuan, a 4.9% increase year-on-year. Exports grew by 6.7% to 23.04 trillion yuan, while imports rose by 2.4% to 16.75 trillion yuan. This growth is notable given ongoing geopolitical conflicts and rising global protectionism.", A2="China's high-tech exports, primarily mechanical and electrical products, comprised nearly 60% of total exports, reaching 13.7 trillion yuan. Growth was driven by new energy vehicles, lithium batteries, and photovoltaic products, showcasing China's advancement in intelligent manufacturing and its global appeal.", A3="Despite heightened trade tensions with the EU and the US, trade with these regions still increased by 1.3% and 4.2% respectively. This resilience highlights China's strong economic fundamentals, massive domestic market, and recent government stimulus measures that further boosted growth.", Q1="What is the overall impact of China's stable foreign trade growth on the global economy, given the current geopolitical climate?", Q2="How did the composition of China's exports and imports contribute to the overall growth, and what does this reveal about China's economic strategy?", Q3="What are the potential long-term implications of China's continued foreign trade growth, considering ongoing global uncertainties and its role in global supply chains?", ShortDescription="China's foreign trade grew by 4.9% in the first eleven months of 2023, reaching 39.79 trillion yuan, driven by strong exports of high-tech products and sustained imports despite global uncertainties and trade tensions.", ShortTitle="China's Foreign Trade Shows Resilience Amidst Global Uncertainty"))

dailymail.co.uk

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Dec 10, 07:08

RBA Holds Interest Rates Amid Inflation Concerns

The Reserve Bank of Australia (RBA) kept the cash rate at 4.35 percent on December 18, 2024, citing persistent underlying inflation of 3.5 percent as the reason, despite headline inflation falling to 2.8 percent and slower economic growth; this decision impacts Australian borrowers and contrasts wit...

RBA Holds Interest Rates Amid Inflation Concerns

The Reserve Bank of Australia (RBA) kept the cash rate at 4.35 percent on December 18, 2024, citing persistent underlying inflation of 3.5 percent as the reason, despite headline inflation falling to 2.8 percent and slower economic growth; this decision impacts Australian borrowers and contrasts wit...

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What factors, beyond headline inflation, influenced the RBA's decision to hold interest rates?

The RBA's decision reflects a cautious approach to inflation control. While headline inflation has decreased, the RBA emphasizes the importance of underlying inflation, which remains above the target range. This suggests a belief that current economic conditions necessitate maintaining higher interest rates to curb inflation's momentum. The upcoming federal election in 2025 also adds complexity, with potential government spending influencing inflation.

cnbc.com

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Dec 12, 13:11

SNB Cuts Interest Rate by 50 Basis Points Amid Inflationary Pressures and Economic Slowdown

The Swiss National Bank unexpectedly cut its key interest rate by 50 basis points to 0.5%, exceeding expectations, to combat low inflation and a strong Swiss franc, while the economy shows signs of slowing with below-average growth and weak indicators in key sectors.

SNB Cuts Interest Rate by 50 Basis Points Amid Inflationary Pressures and Economic Slowdown

The Swiss National Bank unexpectedly cut its key interest rate by 50 basis points to 0.5%, exceeding expectations, to combat low inflation and a strong Swiss franc, while the economy shows signs of slowing with below-average growth and weak indicators in key sectors.

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How do the SNB's actions relate to broader global economic trends and challenges faced by export-oriented economies?

This rate cut reflects Switzerland's struggle to stimulate its economy while countering a strong currency. The 50-basis-point reduction, larger than anticipated, underscores the SNB's concern about weak inflation (0.7% year-on-year in November) and declining export opportunities due to a robust franc and tepid global demand. The SNB's new inflation forecast projects average annual inflation at 1.1% for 2024, 0.3% for 2025, and 0.8% for 2026, assuming the current rate holds.

smh.com.au

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Dec 11, 04:10

China's EV Dominance Triggers Global Auto Industry Crisis

The global auto industry is in crisis, with legacy carmakers like GM, Nissan, and Stellantis struggling against China's rapidly expanding and cost-effective EV sector, resulting in significant write-downs, plant closures, and job losses.

China's EV Dominance Triggers Global Auto Industry Crisis

The global auto industry is in crisis, with legacy carmakers like GM, Nissan, and Stellantis struggling against China's rapidly expanding and cost-effective EV sector, resulting in significant write-downs, plant closures, and job losses.

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What are the most significant impacts of China's dominance in the EV market on legacy automakers in the US and Europe?

The global auto industry faces a crisis, with major manufacturers like GM writing down billions in China, Nissan in survival mode, and Stellantis' CEO resigning. This reflects the struggles of legacy carmakers adapting to the shift towards electric vehicles (EVs) and intense competition from China.

europe.chinadaily.com.cn

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Dec 11, 04:10

"China Reaffirms Commitment to Open Economy, Warns Against Trade Wars"

"President Xi Jinping reaffirmed China's commitment to an open global economy, emphasizing cooperation and multilateralism while warning against protectionism during a meeting with leaders of 10 major international economic organizations in Beijing on Tuesday."

"China Reaffirms Commitment to Open Economy, Warns Against Trade Wars"

"President Xi Jinping reaffirmed China's commitment to an open global economy, emphasizing cooperation and multilateralism while warning against protectionism during a meeting with leaders of 10 major international economic organizations in Beijing on Tuesday."

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"What is China's primary economic policy message to the world, and what are the immediate implications for global trade and cooperation?"

"President Xi Jinping reiterated China's dedication to expanding its economy and adhering to international trade rules, while cautioning against trade wars. He met with leaders of 10 major international economic organizations in Beijing, emphasizing collaboration over competition and highlighting China's role in global growth."

africa.chinadaily.com.cn

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Dec 11, 07:11

China's Foreign Trade Soars Amidst Global Demand

China's foreign trade surged 4.9 percent year-on-year to $5.5 trillion in January-November 2023, exceeding seasonal trends due to robust global demand, policy adjustments, and private sector innovation in high-tech exports; exports to the US and BRI economies grew by 4.2 percent and 6 percent respec...

China's Foreign Trade Soars Amidst Global Demand

China's foreign trade surged 4.9 percent year-on-year to $5.5 trillion in January-November 2023, exceeding seasonal trends due to robust global demand, policy adjustments, and private sector innovation in high-tech exports; exports to the US and BRI economies grew by 4.2 percent and 6 percent respec...

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How are Chinese companies adapting to global uncertainties and protectionist policies?

This sustained growth is fueled by increased overseas demand, anticipatory stockpiling by foreign importers (to avoid potential US tariffs), and a recovery in electronics demand. China's exports to the EU, US, ASEAN, BRI economies, Africa, and South America all show consistent growth, highlighting the diversification of its export markets. Private companies are increasingly involved in high-tech exports, contributing significantly to the overall growth.

usa.chinadaily.com.cn

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Dec 10, 04:08

"China Pledges Economic Cooperation Amidst Rising Global Protectionism"

"Chinese Premier Li Qiang pledged increased international economic cooperation and domestic stimulus to counter rising global protectionism, during a meeting in Beijing with heads of 10 major international economic organizations on Monday."

"China Pledges Economic Cooperation Amidst Rising Global Protectionism"

"Chinese Premier Li Qiang pledged increased international economic cooperation and domestic stimulus to counter rising global protectionism, during a meeting in Beijing with heads of 10 major international economic organizations on Monday."

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"What concrete steps is China taking to counter rising global trade protectionism and promote economic stability?"

"China's Premier Li Qiang announced a steadfast commitment to high-level opening-up and increased international economic cooperation. He highlighted the rising global trade barriers and pledged countercyclical adjustments to stimulate domestic demand and boost consumption. This follows a meeting with heads of major international economic organizations, signaling China's intent to be a stabilizing force in a turbulent global economy.",

spanish.china.org.cn

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Dec 10, 07:08

China Vows to Boost Domestic Demand, Deepen Reforms, and Expand Openness for Sustained Economic Growth

Chinese Premier Li Qiang met with leaders from 10 major international economic organizations in Beijing on December 9, 2024, emphasizing China's commitment to boosting domestic demand, deepening reforms, and expanding openness to foster sustained economic growth and global recovery, receiving positi...

China Vows to Boost Domestic Demand, Deepen Reforms, and Expand Openness for Sustained Economic Growth

Chinese Premier Li Qiang met with leaders from 10 major international economic organizations in Beijing on December 9, 2024, emphasizing China's commitment to boosting domestic demand, deepening reforms, and expanding openness to foster sustained economic growth and global recovery, receiving positi...

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How do Li Qiang's statements reflect China's evolving role in global economic governance and its relationship with key international financial institutions?

Li Qiang's meetings underscore China's proactive role in global economic stability. His emphasis on multilateralism and cooperation with organizations like the World Bank, IMF, and WTO reflects a strategy to address global economic challenges collaboratively. The positive feedback from these organizations highlights China's growing influence and contribution to global economic recovery.

Showing 1,057 to 1,068 of 1,123 results