James Hinote, Geopolitical Strategist
Apr 04, 2023
The People’s Republic of China wishes to increase domestic consumption to reduce reliance on western trade, technology, and knowledge. One attempt at this is inviting western companies to learn their business strategies, enable domestic competitors, and use mass media to sway consumer spending. This strategy has had mixed success, and increasing domestic consumption will be difficult as the economic recovery from COVID is slower than expected.
He Weiwen, Senior Fellow, Center for China and Globalization, CCG
Mar 24, 2023
The decline in trade cannot continue, as both countries need each other. It can be expected that they will patch up their disputes and work together, turning the numbers around to bring more tangible benefits to their people.
Xu Hongcai, Deputy Director, Economic Policy Commission
Mar 24, 2023
Consumption is the key. To restore and expand it, China needs to roll out sound, targeted policies. Obstacles that currently hinder consumption growth need to be removed, especially in the real estate and automobile sectors.
Zhang Monan, Deputy Director of Institute of American and European Studies, CCIEE
Mar 09, 2023
Industrial and supply chains have become the main theater of competition between China and the United States. America’s technology war will be deliberate, intense and long-term. For this reason, China must be strategically prepared for a protracted fight.
Dan Steinbock, Founder, Difference Group
Mar 01, 2023
The year 2023 represents a turning point. If economic realities guide global prospects, it will be a positive turnaround. If geopolitics will continue to penalize economic prospects, a negative inflection point is more likely.
Leonardo Dinic, Advisor to the CroAsia Institute
Mar 01, 2023
Next winter, Europe is likely to face a challenging time in the energy market, in part due to China’s increased energy demand post-COVID lockdowns. As European countries reduce their dependence on Russian pipeline gas and imports of liquified natural gas, they will face challenges and potential shortages that might impact energy supply security and pricing.
Yu Yongding, Former President, China Society of World Economics
Feb 17, 2023
In March 2022, the Chinese government set a target of 5-5.5% GDP growth for the year. At the time, such growth levels appeared perfectly attainable. But within a month, the Omicron variant had arrived, triggering strict lockdowns that, while stemming the spread of the coronavirus, caused serious damage to the supply and demand sides of the economy. China’s growth rate for 2022 was just 3%.
Dan Steinbock, Founder, Difference Group
Feb 06, 2023
The U.S./NATO-led proxy war in Ukraine is aimed against Russia, and is not for the good of Ukraine. It is an unwarranted war that could penalize global economic prospects for years to come, and any escalation will only make a terrifying status quo far worse.
He Weiwen, Senior Fellow, Center for China and Globalization, CCG
Feb 03, 2023
Most experts see China’s economy moving on an upward track. If a 5.0 percent growth rate is achieved this year, as expected, China will contribute 0.9 percentage points to slumping global GDP growth, and it will continue to be a leading economic engine in the years ahead.
Xu Hongcai, Deputy Director, Economic Policy Commission
Feb 03, 2023
China will stay on a positive trajectory this year, but its achievements did not come easily. Some fundamentals still need to be addressed, as the foundation underpinning the recovery is not yet rock solid. Boosting incomes would make a difference.