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☆ China's rapidly dwindling future will shape the world for decades to come
▼ + stars: | 2024-01-21 | by ( Linette Lopez | ) www.businessinsider.com time to read: +14 min

Everything was getting bigger — its cultural influence, geopolitical ambition, population — and seemed poised to continue until the world was remade in China's image. But now China's economy is withering, and the future Beijing imagined is being cut down to size along with it. What Beijing does — or fails to do — to fight this malaise will determine the course of humanity for decades to come. China's deflation worries started in earnest in the summer. Years of overbuilding — by about double the population, according to some estimates — and slowing population growth caused prices to collapse .

Persons: Minxin Pei, there's, Charlene Chu, Autonomous Research Charlene Chu, Chu, Wei Yao, Générale, I'm, Ben Bernanke, Bernanke, Xi Jinping, Xie Huanchi, Société Générale's Yao, Yao, It's, —, aren't, Logan Wright, Wright, Xi doesn't, Jinping, it's, Xi, Claremont's Pei, magnanimity Organizations: Claremont McKenna College, Autonomous Research, Federal Reserve, Getty Images Japan, Chinese Communist Party, Xi, CCP Locations: China, Beijing, dauphin, Xinhua, Japan, Xi's China, East Asia, Taiwan, Europe

HANGZHOU, China, Sept 21 (Reuters) - China hopes to make a splash with the Asian Games, opening on Saturday, but nationwide excitement has been muted as the economy sputters and some locals question the cost of the sporting extravaganza. Organisers this week expressed confidence in holding a "magnificent" games, thanks to President Xi Jinping’s "important instructions" and great, broad-based efforts. "People care more about their own lives, and the Asian Games are not on the top of their list of concerns," Yan said. [1/4]A woman poses for pictures in front of statues of the three mascots of the 19th Asian Games Hangzhou 2022, near the Hangzhou Asian Games Village, in Zhejiang province, China September 20, 2023. "There's a saying online: 'The Hangzhou city government, when encountering even a dog, wishes they could catch it and give it a fresh coat of paint'."

Persons: Xi Jinping’s, Xi, Bashar al, Assad, John Yan, Yan, Jiang, It's, Mark Dreyer, Tingshu Wang, Wu Lili, Zhang, Jules Boycoff, it's, Dylan Martinez, Martin Quin Pollard, Xihao Jiang, William Mallard Organizations: Asian Games, COVID, Games, Sports, Beijing Olympics, Asian, Hangzhou, REUTERS, Pacific University, Thomson Locations: HANGZHOU, China, Hangzhou, Beijing, Zhejiang province, Zhejiang, Shanghai, U.S ., Oregon, West

☆ China is doing everything it can to conceal the true extent of its economic turmoil
▼ + stars: | 2023-08-29 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

China's economy is turning into a big black blob. This is happening because Xi's China is one that puts ideology before economic growth. Not because the reforms weren't working, but because the China they were creating is not the one Xi wants to see. Even as the main drivers of China's economy stumble, there will be no direct support to help households power through this fragile period. Known unknownsTransparency in China's economic data has always moved the same cycles as its politics.

Persons: —, Xi Jinping, it's, Charlene Chu, Xi, who've, It's, Chu, Fan Zhang, Zhang, Xie Huanchi, thegovernment, Victor Shih, Ministry of State Security —, isn't, Shih, Linette Lopez Organizations: Communist, Autonomous Research, Nike, Starbucks, CCP, National Bureau of Statistics, Custom, J Capital Research, Study Times, Getty, World Trade Organization, Century China Center, University of California, Communist Party, Ministry of State Security, Beijing Locations: China, COVID, Xinhua, University of California San Diego, Beijing

☆ India is a rising force in Southeast Asia as region seeks to counter China's dominance
▼ + stars: | 2023-08-14 | by ( Sumathi Bala | ) www.cnbc.com time to read: +8 min

(Photo credit RAVEENDRAN/AFP via Getty Images) Raveendran | Afp | Getty ImagesIndia is taking major strides to expand its influence in Southeast Asia, a move that will allow countries to counter China's dominance in the region. "India certainly is becoming more ambitious in Southeast Asia. "This is particularly salient to the maritime sphere, namely the South China Sea, where overlapping sovereignty disputes threaten regional stability and openness," he added. "It continues to maintain a very independent streak in its foreign policy, which suits a large number of Southeast Asian countries." While China remained the most influential and strategic power in Southeast Asia, its standing has diminished, the Southeast Asia survey from February showed.

Persons: Pant, Subrahmanyam Jaishankar, Narendra Modi's, Satoru Nagao, Nagao, Derek Grossman, Modi, Xi Jinping, Ted Aljibe, Enrique Manalo, Rand's Grossman, Joanne Lin, Lin, ISEAS's Lin Organizations: Indian, Getty, Afp, Observer Research Foundation, CNBC, Southeast, Hudson Institute, Vietnam Air Force, Rand Corporation, TED ALJIBE, Initiative, ASEAN Studies, Yusof Ishak Institute, Observers, Pant Observer Research, China -, Wilson Center, ASEAN Wonk, U.S, ASEAN Studies Centre, Yusof, Ukraine, U.S ., New Delhi's Observer Research Foundation Locations: New Delhi, AFP, Southeast Asia, India, China, Beijing, Vietnam, Tokyo, China —, Manila, Philippine, Delhi, The Hague, Philippines, Malaysia, Brunei, ISEAS, Singapore, Asia, Europe, China - U.S, U.S, New

☆ China's economic recovery is 'doomed to fail' as Beijing shifts away from investment, think tank experts say
▼ + stars: | 2023-06-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

China's economic recovery is practically doomed, experts from the Council of Foreign Relations said in an op-ed. The Chinese government has launched a plan for consumption-led growth, meaning the nation will shift away from investment. Meanwhile, 43% of China's economy is driven by investment – about double the US's long-run average of 22%. Experts have warned of trouble for China's economy as it sees a so-far disappointing economic rebound. Investors, meanwhile, have pulled their cash out of China at a faster pace as they lose faith in its grand economic reopening.

Persons: —, Xi Jinping, Zongyuan Zoe Liu, Benn Steil, Xi, Liu, Steil Organizations: of Foreign Relations, Service, Foreign Affairs, Council, Foreign Relations, Investors Locations: York, Xi's China, Beijing, China

☆ Xi's visit to Russia was humbling for Putin and showed how much China is dominant, experts say
▼ + stars: | 2023-03-22 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

China appears to have cemented its dominance over Russia in a summit this week. China kept buying Russian oil — albeit at a hefty discount — and so helped keep the Russian economy afloat. Russia was offered no comparable stake in the far larger Chinese economy in return. The US has accused China of planning to send weapons and lethal aid to Russia to stem battlefield losses in Ukraine. China will likely seek to exert its new leverage over Russia to expand its global power, said Wyne.

☆ Xi shook up the power order in China, but the world should expect little change — because Xi is still the complete puppet master, 2 experts say
▼ + stars: | 2022-11-08 | by ( Matthew Loh | ) www.businessinsider.com time to read: +7 min

Last month, Xi Jinping announced who would join him to be the top seven officials in China. Kevin Frayer/Stringer/Getty ImagesBoosted to the second-in-command spot by Xi, Li is thought to be one of the president's closest protégés. Having been the lowest-ranked member of the previous standing committee, Zhao has jumped four positions to get to his current role. It indicates to me that Xi Jinping is satisfied with the work that Zhao has done," said Loh. "Xi Jinping makes it very clear.

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