Can China top the US economically by 2030? Economist reaffirms bold 1994 prediction
Before US President Joe Biden’s attack on China’s growth prospects, Justin Lin Yifu said it was on track to becoming the world’s largest economy despite challenges, as ‘soldiers are met with generals, water with earth’.
SCMP > EconomyKissinger acolyte Robert Hormats on how China, US can narrow their ‘trust gap’
Veteran diplomat and economist untangles twists and turns of a full China-US decoupling, says differences should be managed carefully.
SCMP > EconomyChina-Russia trade surged to new heights in 2024, driven by Western sanctions
Trade between the two powers continued to grow across a range of categories in 2024, but may face greater headwinds this year.
SCMP > EconomyBiden’s blocking of US Steel deal latest sign of globalisation in retreat
Despite increased levels of international engagement, governments are unwilling to make concessions on sovereignty even in the global interest.
SCMP > EconomyChina pressures EU for talks to resolve ‘unfair’ trade barriers
China says the EU has used its Foreign Subsidies Regulation to unjustly target Chinese enterprises, but has yet to announce any retaliatory measures.
SCMP > EconomyChinese cancel Thai holidays as actor Wang Xing’s kidnapping fuels safety fears
Thailand is expected to take a tourism and economic hit from Lunar New Year trip cancellations.
SCMP > EconomyEU firms in China lament having to silo operations to stay competitive, survey finds
Latest report from EU Chamber of Commerce in China also flags increased costs and market barriers that are ‘stripping away global competitiveness’.
SCMP > EconomyUS-China dialogue touches on ‘candid’ concerns before Trump takes office
US president-elect says he and Xi have spoken through representatives, but it is unclear if virtual communication system will be used again.
SCMP > EconomyPeople like Musk ‘important bridges’ in ties: former AmCham China head Roberta Lipson
Roberta Lipson, who has invested in China for more than 40 years, says pragmatic economic policies and constructive dialogue from both sides can ensure a more positive business environment.
SCMP > EconomyHow Global South can resist US hegemony and its isolationism
Open engagement is key to countering both Donald Trump’s transactional nationalism and the US establishment’s drive for global hegemony.
SCMP > Economy