NEW YORK – Following US President Donald Trump’s vow to block US access to TikTok, the popular short-video app’s Chinese parent company, ByteDance, has been in frantic talks with Microsoft, presumably to sell its subsidiary quickly before the ban goes into effect
13 августа 2020
5 мин.
7382
NEW YORK – Back in January, I predicted that the spread of the new COVID-19 coronavirus in China would reach a turning point by the second or third week of February. Indeed, the total number of serious and critical cases in the country has been declining since February 22, and there have been no new cases in the last few days other than international travelers arriving in China. Unfortunately, new infections outside China have risen very fast, with potentially disastrous consequences for public health and the global economy
31 марта 2020
5 мин.
16862
NEW YORK – The recent inversion of the yield curve in the United States – with the interest rate on ten-year US government bonds currently lower than that on short-term bonds – has raised fears of a possible US recession later this year or in 2020. Yet, paradoxically, a downturn in America could help to improve bilateral economic relations with China and cool the two countries’ escalating trade dispute.
03 сентября 2019
5 мин.
14220
CANBERRA – Trade negotiations between the United States and China have broken down because the US government says the Chinese were walking back their agreement on matters that had previously been addressed. US negotiators and President Donald Trump were furious, and on May 10, Trump more than doubled US tariffs on $200 billion worth of imports from China. The lead Chinese negotiator, Liu He, told reporters that, because a final agreement was not reached, revisions were not “walked back,” a line that the US side does not seem to buy. The Chinese government has now retaliated, announcing that it will raise tariffs on $60 billion worth of US goods
29 мая 2019
4 мин.
9088
NEW YORK – The real effective exchange rate (REER) may sound arcane to non-economists, but it is one of the most important international financial indices. The REER is a summary index that tracks the difference in the prices of goods produced by a country and its trading partners. Other things being equal, an increase in a country’s REER indicates a loss of trade competitiveness. And rising current-account imbalances are often associated with deviations in the REER from equilibrium values
26 апреля 2019
4 мин.
9509
NEW YORK – China is about to slash the employer contribution rate to the social-security fund from 18-20% (with some variation across regions) to 16%, and cut the value-added tax (VAT) rate from 16% to 13% (for most enterprises). This is on top of a previously announced reduction in the corporate income tax charged on the first CN¥3 million ($447,000) of taxable income. These policy moves are timely and useful in combating the downward pressure on economic growth, but they also raise the risk of a future debt crisis
10 апреля 2019
5 мин.
10549
China will benefit from a normalization of its trade relationship with the United States, but it is important to realize that the same holds true for the US
21 января 2019
5 мин.
10736
Perhaps no phrase better captures the changing views of financial markets and the news media regarding the world′s two largest developing economies than the title of a 2023 S&P report: «China slows, India grows»
27 апреля 2024
5 мин.
37712
After years of speculation and false starts, it seems that the internationalization of the renminbi is well underway
12 апреля 2023
4 мин.
29644
NEW YORK – The 20th anniversary of China’s accession to the World Trade Organization on December 11 has once again highlighted long-standing debates about how well China has lived up to its WTO obligations, and whether any deviation from its commitments boosts or slows its economic growth
03 января 2022
5 мин.
29546
At their recent summit in San Francisco, US President Joe Biden and Chinese President Xi Jinping agreed on a few important issues
06 декабря 2023
4 мин.
21915
NEW YORK – Back in January, I predicted that the spread of the new COVID-19 coronavirus in China would reach a turning point by the second or third week of February. Indeed, the total number of serious and critical cases in the country has been declining since February 22, and there have been no new cases in the last few days other than international travelers arriving in China. Unfortunately, new infections outside China have risen very fast, with potentially disastrous consequences for public health and the global economy
31 марта 2020
5 мин.
16862
NEW YORK – The recent inversion of the yield curve in the United States – with the interest rate on ten-year US government bonds currently lower than that on short-term bonds – has raised fears of a possible US recession later this year or in 2020. Yet, paradoxically, a downturn in America could help to improve bilateral economic relations with China and cool the two countries’ escalating trade dispute.
03 сентября 2019
5 мин.
14220
Before COVID-19 vaccines were developed and distributed, China’s strict approach to controlling the virus resulted in fewer deaths and a much lower death rate per million people than in many other countries
25 октября 2022
5 мин.
12771
China will benefit from a normalization of its trade relationship with the United States, but it is important to realize that the same holds true for the US
21 января 2019
5 мин.
10736
NEW YORK – China is about to slash the employer contribution rate to the social-security fund from 18-20% (with some variation across regions) to 16%, and cut the value-added tax (VAT) rate from 16% to 13% (for most enterprises). This is on top of a previously announced reduction in the corporate income tax charged on the first CN¥3 million ($447,000) of taxable income. These policy moves are timely and useful in combating the downward pressure on economic growth, but they also raise the risk of a future debt crisis
10 апреля 2019
5 мин.
10549
NEW YORK – The real effective exchange rate (REER) may sound arcane to non-economists, but it is one of the most important international financial indices. The REER is a summary index that tracks the difference in the prices of goods produced by a country and its trading partners. Other things being equal, an increase in a country’s REER indicates a loss of trade competitiveness. And rising current-account imbalances are often associated with deviations in the REER from equilibrium values
26 апреля 2019
4 мин.
9509
NEW YORK – China is about to slash the employer contribution rate to the social-security fund from 18-20% (with some variation across regions) to 16%, and cut the value-added tax (VAT) rate from 16% to 13% (for most enterprises). This is on top of a previously announced reduction in the corporate income tax charged on the first CN¥3 million ($447,000) of taxable income. These policy moves are timely and useful in combating the downward pressure on economic growth, but they also raise the risk of a future debt crisis
10 апреля 2019
5 мин.
10549
NEW YORK – Back in January, I predicted that the spread of the new COVID-19 coronavirus in China would reach a turning point by the second or third week of February. Indeed, the total number of serious and critical cases in the country has been declining since February 22, and there have been no new cases in the last few days other than international travelers arriving in China. Unfortunately, new infections outside China have risen very fast, with potentially disastrous consequences for public health and the global economy
31 марта 2020
5 мин.
16862
NEW YORK – The real effective exchange rate (REER) may sound arcane to non-economists, but it is one of the most important international financial indices. The REER is a summary index that tracks the difference in the prices of goods produced by a country and its trading partners. Other things being equal, an increase in a country’s REER indicates a loss of trade competitiveness. And rising current-account imbalances are often associated with deviations in the REER from equilibrium values
26 апреля 2019
4 мин.
9509
China will benefit from a normalization of its trade relationship with the United States, but it is important to realize that the same holds true for the US
21 января 2019
5 мин.
10736
Before COVID-19 vaccines were developed and distributed, China’s strict approach to controlling the virus resulted in fewer deaths and a much lower death rate per million people than in many other countries
25 октября 2022
5 мин.
12771
NEW YORK – Following US President Donald Trump’s vow to block US access to TikTok, the popular short-video app’s Chinese parent company, ByteDance, has been in frantic talks with Microsoft, presumably to sell its subsidiary quickly before the ban goes into effect
13 августа 2020
5 мин.
7382
NEW YORK – The 20th anniversary of China’s accession to the World Trade Organization on December 11 has once again highlighted long-standing debates about how well China has lived up to its WTO obligations, and whether any deviation from its commitments boosts or slows its economic growth
03 января 2022
5 мин.
29546
Perhaps no phrase better captures the changing views of financial markets and the news media regarding the world′s two largest developing economies than the title of a 2023 S&P report: «China slows, India grows»
27 апреля 2024
5 мин.
37712
NEW YORK – China’s recently released population census confirms the persistence of the country’s alarming excess of males relative to the global norm. This numerical imbalance from birth onward has several significant economic implications – and not only for China
01 июня 2021
5 мин.
7544
NEW YORK – The recent inversion of the yield curve in the United States – with the interest rate on ten-year US government bonds currently lower than that on short-term bonds – has raised fears of a possible US recession later this year or in 2020. Yet, paradoxically, a downturn in America could help to improve bilateral economic relations with China and cool the two countries’ escalating trade dispute.
03 сентября 2019
5 мин.
14220
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