Trump Says He Has Deals With China
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Beijing is fighting to limit the damage from a pattern of price wars and excess capacity across multiple industries.
A further increase in China’s trade surplus failed to fully offset the effects of a worsening housing market, which has left consumers wary.
China’s economy is struggling with excessive debt, deflation, excess capacity, and a rapidly aging population. China continues to rely on exports to support economic growth. China has been increasingly accused of dumping its excess production in world markets. This is exacerbating trade frictions, especially with the US.
China’s newest aircraft carrier may only be able to conduct air operations at about 60% the rate of a 50-year-old US Navy carrier, two former US carrier officers say, a substantial combat limitation for a vessel meant to revolutionize Beijing’s fleet.
Countries worldwide are buying more than ever from China, but domestic consumption is lagging and government stimulus efforts aren’t working.
American farmers welcomed China’s promise to buy some of their soybeans, but they cautioned this won’t solve all their problems as they continue to deal with soaring prices for fertiliser, tractors, repair parts and seeds.
China's leadership is meeting to chart a policy course for the next five years. Beijing needs Chinese consumers to spend more, while at the same time, it is trying to keep up in a high-tech race with the US.
Maybe it’s an electric vehicle with longer-range batteries, an updated artificial intelligence model, or a humanoid robot —but the message is the same every time: China is a tech juggernaut. Some credit China’s economic model.
Thornton China Center at the Brookings Institution. He was Director for China at the National Security Council from 2021 to 2023 and previously served as a member of the Senior Analytic Service in the Central Intelligence Agency.