Tag: China’s
From GDP to trade, how well equipped is China’s economy for Trump 2.0? | Amy Hawkins
Beijing has prepared for increased tariffs but its actions will not be enough to offset falling demand from the US When Donald Trump enters the White House for the second time on 20 January, the view from the Oval Office will look very different to the one he encountered in 2017. A pandemic, the war…
7.1-Magnitude Earthquake Strikes China’s Tibet Region Near Nepal Border
Chinese state media said at least 53 people had died in the 7.1-magnitude quake, which was felt in neighboring Nepal. By David Pierson and Bhadra Sharma David Pierson reported from Hong Kong and Bhadra Sharma from Kathmandu, Nepal. Dozens of people were killed and hundreds of buildings were toppled after a 7.1-magnitude earthquake struck a…
China’s yuan hits 16-month low amid fears over Trump tariffs
CSI 300 blue-chip stock index also trades weakly, hitting its lowest point since September China’s currency hit a 16-month low on Monday, despite efforts by the central bank and stock exchanges to soothe investor worries about impending US tariffs under a Donald Trump presidency. The tightly controlled yuan reached 7.3301 per US dollar, its weakest…
The year China’s famous road-tripping ‘auntie’ found freedom
Sixty-year-old Chinese grandmother Su Min had no intention of becoming a feminist icon. She was only trying to escape her abusive husband when she hit the road in 2020 in her white Volkswagen hatchback with a rooftop tent and her pension. “I felt like I could finally catch my breath,” she says, recalling the moment…
China’s overqualified youth taking jobs as drivers, labourers and film extras
China is now a country where a high-school handyman has a master’s degree in physics; a cleaner is qualified in environmental planning; a delivery driver studied philosophy, and a PhD graduate from the prestigious Tsinghua University ends up applying to work as an auxiliary police officer. These are real cases in a struggling economy –…
Trump’s Falsehoods Aside, China’s Influence Over Global Ports Raises Concerns
The president-elect inaccurately said that Chinese soldiers operate the Panama Canal. But China’s strategic positions in shipping worry Washington officials. By Ana Swanson Ana Swanson covers international trade and is based in Washington. It was a Christmas message that no one saw coming. On Dec. 25, President-elect Donald J. Trump went on his social media…
Xi says China’s economy on course to expand by 5% despite Trump concerns
President seeks to allay fears that world’s second-largest economy will falter in 2025 because of high US tariffs China’s economy is on course to expand by 5% in 2025, according to its president, Xi Jinping, meeting official growth targets and rebutting concerns that Donald Trump’s incoming US administration will harm Beijing’s prospects in the new…