The IMF raises China's growth outlook.
The International Monetary Fund raised its China GDP target to 6.3% for 2019 from their January estimate of 6.2%. It’s not a huge bump, but it’s going in the right direction.
What hard landing? Chinese people enjoy a social dance near cherry blossoms at the Yuyuantan Park during the cherry blossoms festival in Beijing on March 30, 2019. People crowded the park, which has more than 2,000 cherry trees, for the popular annual festival. photo credit:Last week, China’s official Manufacturing Purchasing Managers Index surged 1.3 points to 50.5 for March, beating market estimates of just under 50.
, driven by—guess what —a trade surplus, which was 38% higher on the quarter thanks to a record-breaking U.S. trade deficit. China’s sense of sovereignty and its ambition to be a modern, powerful economy might mean it gives up the appearance of mercantilism but keeps the same operating mode of centralized industrial planning. And that means state subsidies. China can work around the U.S. on this as provincial leaders can do what they want regarding lending and lending support to favorite industries. Beijing can throw them under the bus only when necessary.
Some early indications from Beijing suggest a quid pro quo approach is likely. Earlier this month, China announced that beginning May 1 China would ban the export of all fentanyl-related products to the U.S., a leading cause of heroin addiction. These and other token steps suggest that it may be an accord in name only and not much more. Additional time is likely necessary for a fuller agreement, and Xi has all the time in the world.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Trump: China trade deal possible in next four weeksTrump said that talks with China on a comprehensive trade agreement continue to make progress, but there is still no date for a summit meeting where he and Chinese President Xi Jinping could finalize a deal
Weiterlesen »
Trump says not concerned about China spying at his Florida resortWASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday he was not worried about Chinese espionage at Mar-a-Lago, after the Secret Service arrested a Chinese woman who had passed security checkpoints at the Florida resort carrying a thumb drive with malicious software. (Reporting by Alexandra
Weiterlesen »
Trump Today: President says China talks going ‘nicely’ as he slams article that Mueller report more explosive than Barr portrayedPresident Donald Trump on Thursday said a trade deal with China is “moving along nicely,” and kept up his criticism of the Federal Reserve’s policies as he...
Weiterlesen »
Trump says trade deal with China could be reached in about four weeks
Weiterlesen »
Trump says 'granddaddy' US-China trade pact could be done in 'weeks'President Trump said a US-China trade agreement, which he described as 'the granddaddy of them,' could be announced 'within the next four weeks or maybe less, or maybe more, whatever it takes'
Weiterlesen »
Trump says US, China 'rounding the turn' in trade talksPresident Donald Trump said Thursday that the U.S. and China are 'rounding the turn' in a lengthy negotiation over trade and predicted that 'something monumental' for both countries could be announced in a matter of weeks. 'We have a ways to go but not very far,' Trump
Weiterlesen »
Trump: 'Monumental' trade deal with China and Xi summit could be announced within weeksA potential trade deal with China would mark the closure of a bitter trade war between the two countries
Weiterlesen »