The EU’s inquiry over subsidies issued to a Chinese company in the procurement of a train order, announced shortly after a similar probe over electric vehicles, indicates China-EU relations are likely to remain touch-and-go.
The southern export city of Dongguan is offering firms hundreds of thousands of yuan to maintain production during the Lunar New Year holiday, typically a time of low economic activity.
Waning productivity and declining growth in China cannot be explained by the pandemic or even demographic shifts. It is also the consequence of an unfinished reform agenda.