Chinese

2024 - 7 - 16

Why China's Economic Slowdown is Making Headlines and What You Need to Know

China economy - Chinese military - Foreign relations - Philippines-China relations - South China Sea

Discover the latest on China's economic growth slowdown and the factors affecting consumer spending. Stay informed on the challenges facing the Chinese economy.

China's economic growth has been facing challenges recently, with reports of slowing growth rates and weak retail spending putting pressure on Beijing to boost consumer confidence. The high youth unemployment rate of 14.2% and economic uncertainties have been identified as key obstacles to sustainable growth in China. In the second quarter, the country saw a modest 4.7% growth, highlighting the need for strategic economic measures.

Furthermore, concerns about China's consumer demand and its impact on the overall economy have led to discussions on necessary steps to address the slowdown. From issues like housing troubles squeezing spending to reforms in combat readiness for winter warfare, China's economic landscape is undergoing significant changes. Luxury brands offering steep discounts to attract Chinese shoppers also reflect the shifting consumer behavior in response to economic challenges.

Recent reports show that China's GDP reached approximately $8.65 trillion in the first half of 2024, growing by 5% year-on-year. The Communist Party leaders are focusing on addressing the declining growth figures and real estate downturn. The companionship economy is on the rise, highlighting the unique ways in which Chinese individuals are adapting to economic pressures.

In summary, the complex interplay of factors influencing China's economic growth demands attention from both policymakers and consumers. Understanding the dynamics of youth unemployment, shifting consumer behavior, and housing market challenges is crucial for navigating the current economic landscape in China.

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Image courtesy of "The Guardian"

China's economic growth slows amid weak retail spending (The Guardian)

Pressure on Beijing to take steps to improve Chinese consumer confidence has intensified after news that weak retail spending dragged down the growth rate ...

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Image courtesy of "The Washington Post"

China was home for 25 years, but I can't go back. Here's why. (The Washington Post)

Foreigners are frequently detained in the country over a commercial dispute or debt.

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Image courtesy of "Voice of America"

The main obstacles to Chinese growth (Voice of America)

A high youth unemployment rate — 14.2% in May — and economic uncertainties are weakening consumption, one of the driving forces behind the Chinese economy.

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Image courtesy of "Financial Times"

China's economic growth slows in second quarter (Financial Times)

Simply sign up to the Chinese economy myFT Digest -- delivered directly to your inbox. China's economy grew 4.7 per cent year on year in the second quarter, ...

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Image courtesy of "Financial Times"

Blocking China's Mexican backdoor into Fortress America (Financial Times)

This article is an onsite version of our Trade Secrets newsletter. Premium subscribers can sign up here to get the newsletter delivered every Monday.

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Image courtesy of "The Strategist"

Chinese soldiers gear up for winter warfare | The Strategist (The Strategist)

Those reforms have concentrated on enhancing combat readiness in the information age, transforming the PLA into a joint, network-centric fighting force by ...

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Image courtesy of "The Diplomat"

China's Economy Slowed Last Quarter as Weak Consumer Demand ... (The Diplomat)

The second quarter's 4.7 percent growth was far below the 5.3 percent pace seen in the first quarter of 2024.

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Image courtesy of "The New York Times"

China's Economy Slows Sharply as Housing Troubles Squeeze ... (The New York Times)

After a strong start to the year, spending has slumped as a real estate downturn weighs on consumers. Communist Party leaders are meeting this week to ...

Understanding the force running deep in Chinese economy: Global ... (Global Times)

China's gross domestic product (GDP) reached around 61.68 trillion yuan (about $8.65 trillion), and grew 5 percent year on year in the first half of 2024, ...

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Image courtesy of "The Economist"

China's leaders face miserable economic-growth figures (The Economist)

They are gathering at the “third plenum” to discuss long-term reforms. Reality has intruded | Finance & economics.

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Image courtesy of "INQUIRER.net"

Loneliness in China spurs growth of companionship economy (INQUIRER.net)

Undergraduate Xiaoyun, 20, spends her nights talking to strangers to hone her counselling skills and to earn some extra keep.

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Image courtesy of "Financial Times"

Luxury brands roll out 50% discounts as Chinese shoppers rein in ... (Financial Times)

Simply sign up to the Chinese business & finance myFT Digest -- delivered directly to your inbox. Luxury goods are being discounted at rates as high as 50 per ...

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Image courtesy of "GMA News Online"

Chinese vessels in WPS decreased after PH, China sought de ... (GMA News Online)

The number of Chinese vessels in the West Philippine Sea decreased after Manila and China sought de-escalation, a Philippine Navy official said Tuesday.

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Image courtesy of "Tech in Asia"

Charting the Chinese tech giants investing in Southeast Asia - Tech ... (Tech in Asia)

The funding flow may have slowed in recent years, but Alibaba and Tencent are still pumping cash into the region.

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Image courtesy of "Voice of America"

Chinese e-commerce companies popular in South Africa (Voice of America)

Rotondwa Mbadaliga is a self-professed "shopping addict." The 25-year-old South African fashion influencer says she is a huge fan of Chinese-linked ...

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Image courtesy of "pna.gov.ph"

Navy: Effects of PH-China talks on WPS tensions yet to be seen (pna.gov.ph)

MANILA – The effects of the Bilateral Consultation Mechanism (BCM) meeting between the Philippines and China have yet to be seen as far as easing tensions ...

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Image courtesy of "The Associated Press"

New deal establishes a hotline Chinese and Philippine presidents ... (The Associated Press)

A recently signed agreement will open a direct line of communication between presidential offices of China and the Philippines to help prevent any new ...

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Image courtesy of "Voice of America"

New accord establishes China-Philippines hotline to stop clashes at ... (Voice of America)

Philippines has accused Chinese forces of increasingly hostile actions; China says Philippine ships have encroached despite repeated warnings.

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Image courtesy of "Rappler"

[Vantage Point] China's silent invasion of the Philippines (Rappler)

By this time, it is no longer a secret how the People's Republic of China salivates over global dominance and that, unfortunately, the Chinese government finds ...

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Image courtesy of "The Manila Times"

New accord sets hotline Chinese, PH presidents can use to stop sea ... (The Manila Times)

MANILA, Philippines: A recently signed agreement will open a direct line of communication between China and the Philippines' presidential offices to try and ...

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Image courtesy of "GMA News Online"

PH, China raise SCS hotline to highest level, officials say (GMA News Online)

The Philippines and China are elevating to the presidential office and top diplomats the level of officials who may call each other if new incidents break ...

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Image courtesy of "The Washington Post"

New deal establishes a hotline Chinese and Philippine presidents ... (The Washington Post)

FILE - Philippine resupply vessel Unaizah May 4 is hit by two Chinese coast guard water canons causing injuries to four crew members as they tried to enter ...

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Image courtesy of "ABC News"

New hotline Chinese and Philippine presidents can use to stop ... (ABC News)

A recently signed agreement will open a direct line of communication between presidential offices of China and the Philippines to help prevent any new ...

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Image courtesy of "Focus Taiwan News Channel"

Legislative resolution calls for lifting of China-bound group travel ... (Focus Taiwan News Channel)

The Legislature on Tuesday passed a non-binding resolution asking the ruling Democratic Progressive Party (DPP) administration to lift its ban on ...

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Image courtesy of "Your Valley"

New accord establishes a hotline Chinese and Philippine presidents ... (Your Valley)

FILE - Philippine resupply vessel Unaizah May 4 is hit by two Chinese coast guard water canons causing injuries to four crew members as they tried to enter ...

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Image courtesy of "El Paso Inc."

New accord establishes a hotline Chinese and Philippine presidents ... (El Paso Inc.)

A recently signed agreement will open a direct line of communication between China and the Philippines' presidential offices to try and prevent any new ...

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Image courtesy of "Philstar.com"

Navy: Fewer Chinese vessels seen in West Philippine Sea (Philstar.com)

The number of Chinese vessels in Philippine waters has decreased notably, according to a Navy official who said the convening of the bilateral consultation ...

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Image courtesy of "benarnews"

Philippines reports fewer Chinese ships in South China Sea (benarnews)

Manila, Washington vow to enhance defense ties amid ongoing tensions in the disputed waters.

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Image courtesy of "INQUIRER.net"

Number of China vessels rose slightly in West Philippine Sea (INQUIRER.net)

From July 9 to July 15, there were a total of 104 China Coast Guard (CCG) ships, People's Liberation Army-Navy (PLA-N) warships, and Chinese maritime militia ( ...

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Image courtesy of "Financial Times"

Chinese businessman Guo Wengui convicted of fraud in US court (Financial Times)

Self-exiled Communist party critic and associate of Steve Bannon fleeced his online followers, prosecutors said.

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Image courtesy of "The Associated Press"

Self-exiled Chinese billionaire Guo Wengui convicted of defrauding ... (The Associated Press)

A Chinese business tycoon who sought asylum in the U.S. now stands convicted on charges that he engaged in a massive, multiyear fraud.

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Image courtesy of "INQUIRER.net"

Chinese 'Monster' ship leaves PH shoal after 13 days – Navy (INQUIRER.net)

The largest coast guard ship in the world, a 12000-ton vessel owned by China, has left Escoda (Sabina) Shoal in the West Philippine Sea.

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Image courtesy of "ABC News"

Self-exiled Chinese billionaire found guilty of defrauding followers in ... (ABC News)

Over a seven-week trial, Chinese business tycoon Guo Wengui is accused of deceiving his followers to put money into bogus investments and using the money to ...

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Image courtesy of "The Guardian"

Chinese business tycoon convicted of defrauding followers in $1bn ... (The Guardian)

Guo Wengui, who gained fans for criticizing Communist party in China, found guilty in US of nine criminal counts.

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Image courtesy of "Nation Thailand"

Thai college students shine in Chinese language competition (Nation Thailand)

The Thailand finals of the 23rd "Chinese Bridge" Chinese Proficiency Competition for Foreign College Students concluded on Saturday at Rangsit University in ...

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Image courtesy of "DefenseNews.com"

China, Philippines set up hotline to prevent South China Sea clashes (DefenseNews.com)

Territorial disputes in the South China Sea have persisted between the two countries since last year, sparking fears of a larger armed conflict.

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Image courtesy of "Nikkei Asia"

China and Russia extend military cooperation to South China Sea (Nikkei Asia)

BEIJING -- China and Russia have stepped up joint military activities in the South China Sea in response to deepening cooperation in the region by Jap.

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Image courtesy of "BBC News"

Guo Wengui: Chinese businessman found guilty in US over $1bn ... (BBC News)

He was found guilty on nine of the 12 criminal counts he faced, including racketeering, fraud and money laundering. Guo's sentencing has been scheduled for 19 ...

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Image courtesy of "Reuters"

Exiled Chinese businessman Guo convicted at US fraud trial (Reuters)

Guo Wengui, an exiled Chinese businessman and outspoken opponent of Beijing's communist government, was convicted on Tuesday in his U.S. trial on charges of ...

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Image courtesy of "Voice of America"

Exiled Chinese businessman convicted in US fraud case (Voice of America)

Guo Wengui, a self-exiled Chinese businessman and ardent critic of China's communist government was convicted Tuesday in New York City by a U.S. jury on ...

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Image courtesy of "Fortune"

Chinese magnate with a red Lamborghini and superyacht convicted ... (Fortune)

The government alleged Guo peeled off investor funds to spend on luxuries including a $4 million Ferrari for his son and a $26 million New Jersey mansion.

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Image courtesy of "Reuters"

China, Russia kick off live-fire naval exercises in South China Sea (Reuters)

China and Russia have begun live-fire naval exercises in the South China Sea, Russian and Chinese state media reported, with the two countries having ...

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Image courtesy of "Coindesk"

Steve Bannon Linked Chinese Businessman Found Guilty in Fraud ... (Coindesk)

Guo was found guilty on nine charges, including racketeering, fraud, and money laundering.

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Image courtesy of "GMA News Online"

China's 'monster ship' still anchored in Escoda Shoal —PCG (GMA News Online)

China Coast Guard (CCG) 5901, the world's largest coast guard ship known as "The Monster," is still anchored in Escoda Shoal as of Wednesday morning, ...

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Image courtesy of "Nikkei Asia"

Philippines and China bet on hotlines to avoid South China Sea ... (Nikkei Asia)

MANILA -- The Philippines and China are working on an agreement to allow direct lines of communication between their leaders, foreign ministries and c.

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