East Asia
Sino Stimulus Splurge: China’s Unprecedented Response to Economic Slowdown
On Tuesday, Sept. 24, Chinese government officials and the People’s Bank of China (PBC) announced a new fiscal stimulus package aimed at uplifting the decelerating Chinese economy and restoring faith in the nation’s domestic stock markets.
China & Russia Seek Closer Security Cooperation Amidst Growing American Influence
On Tuesday, April 9, Chinese State Official Wang Yi hosted his Russian counterpart Minister Sergey Lavrov in Beijing for talks on economic and security cooperation. The new cooperative measures are set to displace American influence in Asia and Europe, the United States’ most strategically important region and former most strategically important region, according to political scientist and professor John Mearsheimer.
China’s Credit Downgraded amid Negative Future Forecast
This week, U.S.-based credit rating agency Moody downgraded China’s economic outlook. Though not an official credit downgrade — China’s credit remains rated A1 — the news still carries heavy significance, as an outlook downgrade is generally the first step taken before credit is downgraded in the future.
Economic Meltdown: China Faces Capital Outflow
For the first time in twenty-five years, Foreign Direct Investment (FDI) into China has fallen below zero. That is, there is more capital currently leaving China for other markets, than there is foreign capital being invested into China, a phenomenon called capital outflow.
Chinese Economy Further Recovers During May Day Holiday
China’s national consumption and sales of enterprises have rebounded and grown at astounding rates.
China sets its GDP growth target at 5 percent for 2023
On March 3, Chinese Premier Li Keqiang released his report on the work of the government for the fiscal year of 2022.