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Economy
  • Huang Yiping, PKU Boya Distinguished Professor and Former Member of the Monetary Policy Committee, People’s Bank of China

    Dec 27, 2024

    China’s GDP growth slowed during the first three quarters of 2024, from 5.3% to 4.7% to 4.6%, raising fears that the country would not achieve its annual growth target of around 5%. But the latest data suggest that China’s economy is finally turning the corner.

  • Zhang Jun, Dean, School of Economics, Fudan University

    Dec 27, 2024

    The business model that underpinned Chinese economic growth for over two decades has collapsed in recent years, especially since the outbreak of the COVID-19 pandemic. Now, the combination of rising uncertainty and falling confidence is casting a dark shadow over the Chinese economy.

  • Shang-Jin Wei, Professor, Finance and Economics at Columbia University

    Dec 27, 2024

    The Chinese stock market has rallied recently in anticipation of another round of government stimulus. This is understandable, as the authorities have rolled out multiple monetary and fiscal stimulus packages to stave off deflation and boost GDP growth. But with public debt already well above historical norms, there is limited room for further fiscal intervention without risking a future debt crisis.

  • Yu Xiang, Senior Fellow, China Construction Bank Research Institute

    Dec 27, 2024

    With the country at a critical economic crossroads, the Chinese government’s carefully calibrated policy adjustments provide a solid foundation for future growth. The economy is expected to gain strength, as domestic development and global confidence are both addressed through clear-eyed assessments of deep-seated challenges.

  • Zhou Xiaoming, Former Deputy Permanent Representative of China’s Mission to the UN Office in Geneva

    Dec 27, 2024

    Beijing has put the United States on notice that China will fight to safeguard its interests. Like a giant panda, which will attack someone who pokes it in the eye, China retaliated swiftly after the Biden administration tightened the screws on technology exports. Donald Trump, who has threatened a new trade war, should take careful note.

  • Stephen Roach, Senior Fellow, Yale University

    Dec 24, 2024

    China’s engineering prowess has been nothing short of extraordinary. From world-class infrastructure and eco-friendly cities to space systems and high-speed trains, China’s impressive accumulation of state-of-the-art physical capital has played a dominant role in driving its economy. But China’s physical engineering accomplishments on the supply side have not been transferable to social engineering efforts on the demand side, especially in stimulating consumer demand.

  • Brian Wong, Assistant Professor in Philosophy and Fellow at Centre on Contemporary China and the World, HKU and Rhodes Scholar

    Dec 20, 2024

    In the run-up to the 2018 mid-term elections, then-President of the US Donald J Trump began to ratchet up the intensity of both his rhetoric and policies targeting China – more specifically, the US-China trade relationship. Castigating the trade deficit as one in which China was unfairly taking advantage of China, Trump fired his first shot in July, imposing tariffs on $34 billion worth of Chinese goods.

  • Ma Xue, Associate Fellow, Institute of American Studies, China Institutes of Contemporary International Relations

    Dec 13, 2024

    Trump’s old concept of tariffs originates in U.S. policies from the 19th century. He believes that he excels in the art of creating a “level playing field” to generate jobs at home. But what he is proposing would be the highest tariff level since the Great Depression.

  • Sourabh Gupta, Senior Fellow, Institute for China-America Studies

    Dec 13, 2024

    Donald Trump’s trade policies have been characterized by an aggressive use of tariffs, driven by his belief in balancing bilateral trade and prioritizing American production. While these measures have reshaped trade dynamics and escalated protectionism within the U.S., they have also inadvertently strengthened China's global economic position and highlighted the limitations of decoupling efforts.

  • Zhou Xiaoming, Former Deputy Permanent Representative of China’s Mission to the UN Office in Geneva

    Dec 13, 2024

    BRICS countries, with a combined GDP approximately 1.5 times that of the United States, can be expected to retaliate against promised U.S. tariffs. These countries — many of which are major traders with China — are likely to make Donald Trump regret his bellicose bullying.

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