China’s Economy Holds Steady
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23hon MSN
China's economy is struggling, but its homegrown companies are dominating abroad, Goldman Sachs says
As more profits flow from overseas subsidiaries, a measure of total income earned by a country's citizens and companies worldwide. China's gross national product, or GNP, may eventually outpace its GDP, much like Japan after its asset bubble burst in the 1990s, according to Goldman.
China has reported that its economy expanded at the slowest annual pace in a year in July-September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand.
Beijing is fighting to limit the damage from a pattern of price wars and excess capacity across multiple industries.
The Australian dollar rose on Monday, cheered by reasons to be a bit more upbeat on top trade partner China, with data showing its economy reasonably resilient to
Next, the editorials insist that China is profoundly resilient. They note risks, including American protectionism and weak consumer demand at home, but treat them almost as inconveniences. One editorial repeats Mr Xi’s line that “China is an ocean, not a pond”—big enough, that is, to cope with anything.
China’s economy probably grew at the slowest in a year during the third quarter despite a boom in exports, in a disconnect the Communist Party may move to rectify at a key meeting in the coming week.
TAIPEI: China is more interested in expansionism than solving its own pressing economic and social issues, and Taiwan is determined to defend itself from Chinese aggression, the island's top security official said on Tuesday (Oct 21).
"Perhaps of greatest concern for China is the software used in advanced manufacturing – Western companies control over 70% of the Chinese market for chip design software, for example."
China has spent two decades building a globe-spanning port network that offers it commercial reach — and potential strategic leverage.