Shuli Ren
China’s magical growth of 5.3 percent has puzzled the Chinese
China’s first-quarter 5.3 percent growth handily beat expectations and Beijing’s own target of “around 5 percent.” But if you ask households, companies and even the taxman, the reality on the ground feels a lot less rosy.By the end of 2023, only 9.5 perce...
5 months ago
Behind the Hong Kong market’s fast and mysterious rally
All of a sudden, the mood in Hong Kong seems to have shifted. The $5.2trillion stock market is on its longest winning streak since 2018, with Chinese technology giants Tencent Holdings Ltd and Alibaba Group Holding Ltd among the top contributors. Notably,...
5 months ago
China’s attempts to halt its bond rally can misfire
Just as Japan declares victory over using government bond yields to set monetary policy and boost economic growth, China begins its own.Yield-curve control, which aims to maintain yields at a certain level, is controversial. Since the Bank of Japan starte...
2 months ago
Xi Jinping’s supply-side panacea has lost its magic
Many are worried that China is making way more than the world needs. From electric vehicles to solar panels, plunging prices at home and abroad are igniting a new round of trade wars. Even Beijing is concerned: In a top-level meeting late last month, poli...
1 month ago