China s Economy And Its Impact On - can
Hong Kong CNN Business While much of the world scrambles to prevent new coronavirus cases from stalling the fragile recovery from recession, China's economy is hitting its stride again and will end the year more influential than ever. See what it is like. More Videos Millions in China are traveling again. Greenspan on Covid crisis: I've never seen anything like this. Weekly initial jobless claims rise to , See Fed chairman's warning about the economy. See how Texans are fighting to keep their businesses alive. Asian Americans facing historic unemployment during pandemic.China s Economy And Its Impact On - share
As China grows in its economic and military strength, global investors and companies operating in the country face a dilemma, according to one analyst. It's understanding precisely what you are investing in, what is going on here," said Jonathan Ward, founder of advisory firm Atlas Organization. As the line between state and business blurs, it becomes harder for investors to know how much control the Chinese government has over the company, and how independent the business might be. China's defense spending has grown and is now greater than all its regional neighbors combined, Ward said. He cited the Pentagon's latest report on Chinese military developments and said China's ground troops, as well as its navy, air and missile forces, were among some of the largest in the world. China's Defense Ministry spokesman Col. China has also been increasing its military presence in Asia, especially in the highly disputed South China Sea. It has raised the ire of neighbors like Philippines, Taiwan and Vietnam which also lay claim to parts of the waterway, and drawn harsh words from the U. Last week, China stepped up its military exercises near Taiwan following the visit of a U.Question interesting: China s Economy And Its Impact On
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This copy is for your personal, non-commercial use only. Asia Markets. Many countries including the U. In the U. The latest data from China, which at first also had seen a similar situation, is beginning to broaden out.
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September retail sales turned positive for the first time this year and nominal incomes rose across the board, with even migrant workers who have been especially hard Itx seeing wage growth for the first time this year, the TS Lombard economists said. The firm recommends overweight Chinese renminbi, domestic stocks and bonds. Sectors like tourism, catering and retail employ million people. Economists often treat Chinese data skeptically. Possible risks to monitor: Pantheon economists see Chinese investment in manufacturing as sluggish, with the sector potentially vulnerable to second waves of Covid hitting the West.
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The concern: The next leg of fiscal support for infrastructure-related capex, for example, may not be as strong as the initial tranche, with some of the money raised for special purpose local government bonds diverted to non-infrastructure areas, according to Pantheon. TS Lombard economists have a different concern about stimulus. As the economy gains steam, China may shift back to its pre-pandemic focus of controlling debt, with the debt forbearance period from Covid ending in the first quarter next year.
IMF officials pleaded with policy makers to not withdraw their stimulus prematurely. Given that the U.
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