Any deal to strengthen China's currency could help make Chinese people feel richer and ease trade tensions with other nations.
During his first term, President Donald Trump and First Lady Melania Trump met with Xi Jinping and Peng Liyuan, at the Mar-a-Lago estate in Palm Beach, Florida, April 6, 2017. Credit: Trump White House Archived via Flickr
The provisional trade deal reached by China and the United States in Geneva last month exceeded expectations, with the two sides agreeing to roll back for 90 days the majority of tariffs and other countermeasures they had imposed in the preceding weeks. To be sure, a number of tariffs remain — including all those the U.S. imposed on China during Donald Trump’s first presidency — and little progress was made in resolving underlying disagreements, such as over fentanyl flows into the U.S.. B
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After years of planning and investment, robotaxis are finally hitting the road in China. Accidents and the impact of self-driving vehicles on employment remain concerns, but the government remains committed to developing the industry into a global leader.
China’s five-year long property market woes have transformed the sector, but there are signs the government is determined to arrest the slide this year.
The economist explains why local governments’ debt woes are the key to China’s economic issues, and why the country could do with more Taylor Swift concerts.
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