Blog posts tagged by tag: China
By: Daniel Solomon, PhD Economist at Euromonitor International
In this article, we analyse the impact of the U.S. and China tariff actions on their economies and consumers and explore the possibility of these actions turning into an all-out trade war between the world's two biggest economies.
China has been one of the fastest growing economies over the last few decades and is now the second largest economy in the world, just behind the United States. However, after years of astronomical economic growth, the economy is currently in the middle of a “managed” slow down, due in large part to Chinese authorities’ desire to avoid the economy overheating. So what is going on in China currently and what is in store for 2018? Head of Economic Research Ricard Torné reports.
In recent decades, China’s impact on global growth has showed no signs of waning; this was especially evident in the years following the global financial crisis. In fact, the country's influence on Latin America is growing stronger by the year, and this is due primarily to three main factors.
Is Asia’s economy stabilizing? Will Asia ever fulfill its promise of being the driving engine for global growth? Will China get back to the booming growth of a few years ago or has the last year been a sign of the beginning of the end? Will India usurp China as the darling of the Asia-Pacific economy? These are some of the questions on the tips of tongues of many, and we try to answer those questions and more in our progress report on the Asian economy so far in 2016.
In an unexpected yet not entirely surprising turn of events, Philippines President Rodrigo Duterte continued his anti-U.S. rhetoric in late October by declaring that the island country would be “breaking up with America.”
The U.S. and the Philippines have shared strong relations dating all the way back to the late 19th Century when the U.S. occupied the Philippines as a colony. The relationship between the two nations has even been described as a “special relationship.”
Announced on 17 November, the Philippine economy expanded 7.1% in the third quarter of 2016 despite Duterte's antics since taking over in June. The economy is going strong, for now. In this post we take a look at what is at stake for the Philippine economy if Duterte does indeed move to break off relations with their long-time ally and driver of economic growth, the U.S.
China’s economy has been a bit of an enigma since the summer of 2015 when the country’s previously booming economy started to show signs of vulnerability. A combination of structural changes, subdued global demand and domestic challenges such as overcapacity in certain sectors and high corporate debt led growth to fall to a 25-year low for the full year 2015. It didn’t get much better from there, as economic activity continued to decelerate at the outset of the year. The Q1 economic expansion of 6.7% represented the weakest since the height of the global financial crisis in Q1 2009. The economy unexpectedly started to look better in Q2, as support from Chinese authorities prompted economic activity to stabilize. This trend continued into Q3, as encouraging economic data for August has shown that in addition to government spending, a booming housing market have supported growth. However, many of the same issues that plagued China’s economy in 2015 persist and there are concerns among analysts that decreasing private investment and a potential housing bubble could be detrimental in the longer term.
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Over the last few days, the world’s most powerful leaders have met in Hangzhou, China for the G20 summit. Economics has been at the center of discussions as the world economy has looked rather shaky over the last year.
It has not been a great start to 2016 for emerging markets. Collapsing oil prices have undermined Russia’s fiscal sustainability, Brazil is struggling through a deep recession and political chaos, and the Chinese economy continues to slow, hurting growth prospects in other developing countries.
According to FocusEconomics’ Consensus Forecast, emerging economies as a whole are estimated to have grown 4.0% in 2015 and are projected to grow 4.0% combined this year. Although growth rates in general continue to be faster than those of developed economies, according to the IMF’s latest World Economic Outlook report, they remain below the average of the past decade.
What’s in store for emerging markets for the rest of 2016? Have a look at our latest Consensus Forecasts and find out what the experts say about the key emerging economies this year.
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China’s meteoric rise in the past has been a boon to developing and advanced economies alike. Its seemingly insatiable consumption of raw materials destined for its rapidly-expanding urban centers and capital investments in a number of sectors helped to inflate what is often referred to as the “commodities super cycle” that has characterized the past 15 years. In an effort to secure such commodities, China has expanded its presence in sub-Saharan Africa, sending substantial sums of capital, expertise and workers to develop extraction industries and infrastructure in several countries. However, China’s rapid growth is unwinding, and its objectives in Africa are likely to reflect this fact. This month, Chinese leader Xi Jinping visits Zimbabwe and South Africa to engage in talks with African leaders.
There has been an intense debate over the policies that the Chinese government should have implemented in order to have successfully overcome this summer’s economic soft patch and avoid a much-dreaded economic downturn. Regarding the real economy, while some suggested that the priority was to prop up weakening growth in the all-important manufacturing sector, others stressed that the key was to boost domestic consumption.
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