On 24 September 2024, China unveiled its largest stimulus in years in an effort to revive its struggling economy amid a sharp property downturn and falling consumer confidence. At a press conference in Beijing, People’s Bank of China (PBOC) governor Pan Gongsheng introduced a series of monetary reforms designed to boost investment and consumption. Reserve requirement ratio (RRR) reduction The PBOC will reduce the RRR – the amount of money …
Category:
Economy
Ahead of CBBC’s UK Investment Conference on 24 September, Darryn Lewis, Head of Inward Investment, Welsh Government, tells Tom Pattinson what makes the Welsh economy so attractive to investment from China and beyond, and how investment from Chinese companies is changing Are there any sectors that Wales is specifically targeting from China? Every incoming business is vital to us. And we do everything we can to help, be it large companies …
Although summer events like the Olympics and Qixi Festival have seen many Chinese consumers spending again, flagging consumer demand is still an economic headache On Saturday, 3 August, the State Council, China’s highest administrative governing body, issued a wide range of suggested consumption-boosting steps to all levels of government. The steps (available in Chinese here) aim to address China’s ongoing struggle with poor consumer demand, which is proving to be a drag on GDP growth. Some …
Anne Stevenson-Yang is originally from Washington DC. She moved to Beijing in 1993 to work for the US-China Business Council. In the next quarter century, she became one of the best-known foreigners in China, starting businesses in publishing, software and online media. Now back in the US, she runs J Capital Research USA and found time to publish not one, but two books – Wild Ride: A Short History of …
The latest official data published by Beijing shows the Chinese economy making a stronger-than-expected start to 2024, with GDP expanding by 5.3% in Q1 compared to 2023. This puts China on track to achieve its growth target of around 5% as revealed by Premier Li Keqiang during the Two Sessions in March. Nevertheless, the National Bureau of Statistics acknowledged that the “external environment is becoming more complex”, posing a threat …
Former diplomat Lord McDonald, who played a key role in the “Golden Age” of UK-China relations, talks to Andy Mok about the ways in which both British businesses and the UK government should be approaching China in 2023. In the summer of 2022, Lord McDonald of Salford’s intervention in the Chris Pincher affair – accusing then Prime Minister Boris Johnson of being less than honest about his knowledge of Deputy …
China’s sudden reopening, three years after travel restrictions severed links between its coastal cities, other Asian financial hubs, and the rest of the world, has given businesses plenty of opportunities and challenges to consider. Hawksford’s Commercial Director for China, Fabio Stella, discusses the latest trends and implications of this return to normality and what they may mean for foreign businesses in the region An economy just out of quarantine Since …
The UK’s policy towards China rightly sits at the forefront of our national debate for a variety of reasons. The China-Britain Business Council (CBBC) offers the following contribution both as a resource for our Members and the wider public and in the interest of stimulating discussion based on hard evidence and up-to-date information (this fact sheet updated 18 October 2022) Trade and Economic Ties China is now the UK’s 4th …
Li Keqiang’s economic policy – called Likonomics – has received new attention as China seeks to recover from the latest Covid outbreak, but weak domestic demand and a struggling property sector might force Chinese leaders to abandon Likonomics at the next Party Congress in autumn, writes Torsten Weller The dramatic weakening of China’s economic performance – caused by the lockdowns in Shanghai and other big cities – has prompted Premier …
The US and China appear to have realised the constraints placed upon them by their interdependence and are seeking to ease relations as a result, with high-level government-to-government engagement between the pair ramping up significantly over the past year. However, companies from the US and beyond will need to continue to tread carefully in and around China, writes Joe Cash In American political circles, China is seen as both a …