Chinese economy
China GDP grew 6.1% in 2019, slowest in three decades
The world's second-largest economy grew by 6.1% last year, its worst performance since 1990, according to the National Bureau of Statistics.
China, which produces half the world’s pork, said this month its sow herd declined by a record 23.9% in May from a year earlier, a slightly deeper drop than for the overall pig herd.
Trump, who campaigned under the slogan "America First", announces tariffs of 25% on steel imports and 10% on aluminium from a number of countries in a bid to slash the huge US trade deficit.
The IMF and World Bank began the Heavily Indebted Poor Countries Initiative in 1996 to help the world’s poorest countries clear billions of dollars of unsustainable debt.
The navy has been a major beneficiary of the modernisation, with China looking to project power far from its shores and protect its trading routes and citizens overseas.
One major risk in the coming year is the sharp drop-off in world trade growth, which fell from over 5% at the beginning of 2018 to nearly zero at the end.
Chinese Foreign Ministry spokeswoman Hua Chunying made the comment in an online statement responding to remarks made by US Vice President Mike Pence.
China is India’s biggest trading partner and a large market for Chinese products, and Indian retailers are keen to acquire cheap Chinese goods to market.
The IMF maintained its forecast that Asia’s economy will expand by 5.6% this year but cut its projection for next year to 5.4%, down by 0.2 point from April.
Equities in China, whose economic and trade prospects have been at the heart of worries this year over the outlook for global growth, sank to near-four year lows.
The Chinese equity stock market — as represented by Shanghai stock market — actually peaked in 2015.
Ma relinquished the role of chief executive in 2013. Zhang, 46, has been in the job since 2015 after serving as the company’s chief operating officer.
China has defended the latest promise of financing for Africa, saying China is helping the continent develop, not pile up debt.
US Customs and Border Protection said in a notice it would begin collecting the 25% duties on 818 product lines identified in June by the US Trade Representative’s Office.
The current upswing provides an ideal opportunity for reforms to boost potential output, build resilience, and ensure the benefits of growth are shared more widely.
Financial markets, unsettled for days by the trade fight and Trump’s management of it, whipsawed again on the new threat.
Eight other products, including pork and scrap aluminium, would now be subject to additional tariffs of 25%, it said, with the measures effective starting 2 April.
China’s propaganda drive has kicked into high gear following Xi Jinping’s unanimous reappointment as president.
China is restructuring the responsibilities, roles and powers of its state institutions to make them more efficient.