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The US debt debacle is seen contributing to a relative rise in China’s status, and a failure by Washington to reach a deal – however unlikely it may be – would ‘cause significant volatility’ in markets. ....
Chinese leadership looks serious about opening up the economy but the private sector is anxious about disruptions to supply chains and recovery from zero-COVID, writes Xirui Li (RSIS). ....
Xirui Li | East Asia Forum eastasiaforum.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eastasiaforum.org Daily Mail and Mail on Sunday newspapers.
President Xi Jinping has again urged entrepreneurs to give to charity and ‘share the fruits of growth’, but his message could find a muted reaction among private firms still recovering from three years of Covid uncertainty. ....
Speech by President Xi Jinping at the economic work conference in December, which was released on Wednesday, confirmed Beijing’ support for China’s private economy as it remains under pressure. ....