Is the wait for China’s economic recovery finally over?

But much more is needed to return overall growth to a resilient and balanced trajectory.

Foreign companies are also desperate for fresh food from the Chinese government to regain momentum in reopening, addressing unfair competition and a lack of policy clarity on national security and cross-border data transfer regulations. We are calling for concrete measures to achieve this goal.

China’s EU Chamber of Commerce presents ideas to boost growth, a blow to promoting independence

In particular, it called on the Chinese government to weaken its push for technological independence to avoid backlash in the supply chain, and to create more space for policy discussions and feedback from private and foreign companies.

But Chinese economic officials say there is “every reason” to maintain confidence in the Chinese economy.

China avoids “triangular debt” quagmire by demanding state repayments

Cong Liang, vice chairman of the National Development and Reform Commission, said China overcame the 1997 Asian financial crisis and the 2007-2008 global financial crisis, and has since emerged even stronger.

In the latest measure to break bottlenecks that are hindering a solid economic recovery, the State Council renewed its call for local governments and state-owned enterprises to repay their debts to private enterprises.

Why focus on electric vehicles as China and the EU increasingly talk about “risk aversion”?

The city of Brussels has announced that it has launched an anti-subsidy investigation into Chinese electric vehicle exports, as the city seeks to reduce dependence on Chinese electric vehicles and batteries.

The investigation aims to further complicate the already fragile bilateral relationship. The differences were further exposed at a forum in Beijing on Thursday, where Chinese and European diplomats sparred over each other’s economic strategies.

Wu Hongbo, the Chinese government’s special representative for Europe, said diplomats should understand China properly and avoid escalating national security issues targeting China too much.

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Can China learn lessons from Japan’s “lost 30 years”?

Can China learn lessons from Japan’s “lost 30 years”?

European diplomats said that while concerns about over-reliance on China are valid, China has long adopted the same economic thinking to strengthen its hegemony.

The two countries are scheduled to hold high-level economic talks in Beijing early next week, which will be a test of how to manage the conflict as both countries struggle with their own economic woes.

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Why focus on electric vehicles as China and the EU increasingly talk about “risk aversion”?

• As talk of “de-risking” from China grows in Europe, coupled with the unstoppable rise of Chinese electric car makers, German automakers may be losing their luster.

• EU anti-subsidy investigation into Chinese EVs widely expected to be discussed in detail at Monday’s high-level economic and trade dialogue

The Chinese name of German luxury carmaker BMW is engraved on a 3.6-kilometer thoroughfare on the southwest outskirts of Shenyang, northeast China’s commercial and industrial hub, Liaoning Province.

The first address on the road, known as Baoma Boulevard, which means “precious horse,” is the headquarters of BMW Brilliance, a joint venture between the German brand and Chinese company Brilliance Auto, which owns a 75 percent share. . Since its founding 20 years ago, the company has sold more than 5 million cars in mainland China and generated significant profits, making it one of the best examples of German brands expanding into the world’s second-largest economy. .

‘A strong recovery is still unlikely’: 4 takeaways from August’s economic indicators

• Some indicators, including retail sales and industrial production, have risen, indicating potential for improvement in the coming months.

• Deteriorating real estate and private sector investment indicators cast doubt on a faster recovery without policy intervention

The National Bureau of Statistics (NBS) released economic data for August on Friday, showing both bright spots and weak spots in China’s growth trajectory. Experts said the Chinese government may introduce further policies to stimulate activity in the coming months, but the chances of a strong recovery remain low.

China’s retail sales rose 4.6% year-on-year in August, up from 2.5% in July.

China’s high-tech ambitions under threat from insufficient scientific literacy

• China’s government vows to rely on so-called talent dividend to drive innovation and high-quality development, but only 13% are considered scientifically literate

• China aims to make 15 percent of the population scientifically literate by 2025 and increase this rate to 25 percent by 2035.

If you have a fever, should you wrap yourself in a futon to prevent sweating? Will frequent use of dark brown soy sauce darken my skin?

These questions may seem simple, but they are a recurring topic of discussion and often cause rifts among families in China.

Chinese middle class avoids luxury spending amid uncertain outlook

• Survey of Chinese “rising wealthy” reveals spending patterns that reflect broad trends

• Less focus on luxury consumption and entrepreneurship, more focus on safety and sustainability

With the economic environment becoming increasingly uncertain and feeling the pinch, China’s middle class is becoming more conservative and refraining from purchasing luxury goods, an annual survey has found.

Just 28.6% of the more than 4,500 people surveyed listed luxury spending as a financial goal, down from more than 50% five years ago. The study, released on Tuesday, was jointly conducted by the Shanghai Advanced Institute of Finance (SAIF) at Shanghai Jiao Tong University and financial services provider Charles Schwab.

America’s middle class feels it’s ‘dying’ while China has its own problems

• China’s middle class is growing significantly in size and influence, but population aging will hinder its growth

• In the United States, the middle class has shrunk from 61 percent of the population in 1971 to 50 percent last year as wage growth remains flat and college enrollment declines.

On the one hand, the US middle class is shrinking due to wage stagnation, and on the other, key segments of Chinese society are suffering weak expansion amid an uneven economic recovery. In any case, the post-pandemic problems are hitting ordinary people hard.

China’s middle class has grown significantly in size and influence over the past few decades of reform and opening-up, but some policies aimed at private enterprises appear to have actually slowed the growth. There is.

People’s Bank of China reassures HSBC, Tesla and others amid investment outflows

• Meeting held to reassure major companies as major indexes continue to trend downwards

• As foreign investment begins to shift elsewhere, Southeast Asia becomes an increasingly attractive option.

In response to the large-scale decline in the A-share market and growing investor concerns, the People’s Bank of China invited foreign banks and multinational corporations to a meeting and promised to “optimize” policy support.

Companies invited to Monday’s gathering include JPMorgan, HSBC, Deutsche Bank, Tesla and Schneider, all of which have large presences in China.

Analysts say the collapse in Chinese government bonds is not a sign of a long-lasting economic recovery.

• Initial excitement over a series of government policies aimed at boosting growth triggered the sell-off.

• But market participants say this does not indicate investor confidence in the long-term economic recovery.

Chinese government bonds have suffered their biggest collapse since the lifting of restrictions to combat the coronavirus.

Global Impact is a weekly, curated newsletter featuring news topics originating in China that have a significant macro impact on news readers around the world.