Author: Mia Nulimaimaiti
While addressing concerns about overcapacity in China’s new-energy sector, Xu Lin, chairman of the China-US Green Fund, explained that the excess production is a result of serving the international market and competition dynamics, not a deliberate decision to export overcapacity. He emphasized the competitiveness of Chinese products, leading to accusations of overcapacity from the West. Xu discussed recent tariff hikes on Chinese EVs and carmakers by the US and EU, attributing these actions to competition pressure. He highlighted the need for China to restructure its subsidy system to avoid overcapacity and international trade disputes. Xu also stressed the importance of…
China has criticized the EU’s probe into its electric vehicles as trade protectionism and urged Spain to advocate for dialogue. The EU’s investigation, based on alleged “excessive production capacity,” is seen as a barrier to cooperation in vehicles and renewable energy between the two nations. Minister Wang Wentao emphasized the importance of addressing concerns through communication. Spain aims to boost trade and investment with China across various sectors. The countries also discussed facilitating people flow, government procurements, and market access for agricultural products. Electric cars, lithium batteries, and solar panels are key growth drivers for China, with exports increasing by…
As Vice-Premier Liu Guozhong emphasized, Beijing is facing a pressing need to address its declining birth rates and aging population. With only 9.02 million babies born in 2023, the lowest figure since 1949, and a fertility rate dropping to 1.19, China is struggling to maintain its workforce and support its elderly population. To combat this, the government has relaxed its one-child policy and increased social support for childbearing, such as offering extended parental leave. However, young people are more inclined to have children if provided with maternity-friendly work environments and employment equity for women, according to a survey conducted by…
The Chinese Central Bank Nears First Treasury Purchase in Over 20 Years A first purchase in over 20 years of treasury bonds in the secondary market by China’s central bank is seemingly approaching, regardless of market concerns over quantitative easing, after state media on Wednesday stepped up suggestions of improved coordination by the People’s Bank of China and the finance ministry. “As it is now certain for the central bank to participate in treasury-bond trading, the coordination of treasury-bond issuance pace and monetary policy operations will become challenging in aligning fiscal and monetary policy,” the Securities Times, a financial newspaper…