Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump's administration.
Foreign ministers of the Southeast Asian bloc ASEAN at a weekend retreat upheld their decision to bar Myanmar’s ruling generals from their summits and limit the country's participation to a non-political level,
China left benchmark lending rates unchanged at the monthly fixing on Monday, as a weakening yuan has limited Beijing's monetary easing efforts.
China’s commercial lenders held benchmark lending rates unchanged for the third consecutive month after Beijing eased monetary policy in October to boost slowing domestic demand.
Tatiana Smith spent five years teaching in China. Although the cost of living was more affordable, she felt that China was as capitalistic as the US.
Jake Sullivan, the national security adviser, said in an interview that “we’ve just stuck with our theory, which is managed competition.” Trump and Xi Jinping might have other plans.
Beijing hit its GDP growth target of 5 percent in 2024, according to its statistics bureau—but deflationary pressures remain.
Donald Trump has privately told his advisers he wants to visit China after being sworn in to office, three sources familiar with the talks told CNN, as the president-elect seeks to facilitate an open dialogue with Beijing while also pursuing hardline stance on the country.
President Biden and his team saw China as the one nation with the intent and capability to displace American primacy — and crafted policies to defend U.S. power.
China’s population has fallen for the third straight year, pointing to further demographic challenges for the world’s second most populous nation that is now facing both an aging population and an emerging shortage of working age people able to support their elders.
China has reported that its economy expanded at a 5% annual pace in 2024, achieving Beijing’s target of “around 5%” growth helped by strong exports and recent stimulus measures.