The China Daily echoed that position on Sunday, reflecting what experts said was Beijing’s apparent desire not to immediately lock itself into a public confrontation with the US president-elect. The newspaper said there was “no need to over-interpret” the property tycoon’s “unusual action”. … [Read more...] about Trump’s Taiwan call exposes his inexperience, China state media say
It is possible that the weakness in both countries’ economies could temper their hardline positions this year, because neither wants to hurt growth any more than it has been already by Covid-19. Equally, Donald Trump might slap new sanctions on China at any time in a heated election campaign, to reinforce his narrative that he has been uniquely tough on China and that Joe Biden, his expected Democratic challenger, by comparison, will be weak. Beijing has made sure to retaliate against any economic sanctions imposed by Trump so far. It is an open question as to whether their calculation will change in an election year. … [Read more...] about With an ailing domestic economy, can China still pursue its global plans?
The PMI rose from 55 in May to 58.4 in June, its highest reading since spring 2010, the period after the global financial crisis. Any reading above 50 indicates expansion, and analysts said the strong performance by China’s service sector, which accounts for about 60% of the economy, suggested that the new outbreak of Covid-19 in Beijing had little impact on the country’s recovery. … [Read more...] about China’s stock market closes at highest level in five years
Stocks in companies selling vendor equipment have surged. Major Chinese tech companies began offering cheap loans to new stallowners. On the search engine Baidu, queries for “street vendor tips” jumped in the days after Li’s speech, according to the company. In May, officials said a ranking of “civilised cities” would no longer penalise for the presence of street stalls. At least 27 cities have pledged to support the once undesirable micro-economy. … [Read more...] about ‘China’s lifeblood’: street hawkers make surprise return to fire up ailing economy
The open letter, which was addressed to the country’s leadership and circulated on Chinese social media, called the evictions “a serious trampling of human rights”. Signatories included professors, researchers, poets and artists and more names continued to be added. … [Read more...] about China: ‘ruthless’ campaign to evict Beijing’s migrant workers condemned