Global Scans · China · Weekly Summary

---

WHAT'S NEXT?: Any disruption in economic activity between China and the United States will necessarily affect other Asian and world economies. How China handles Donald Trump's administration, its relationship with Russia and develops its leadership ambitions will be key areas to watch intently in the coming years.

• [New] Rising geopolitical risks, including signs of a global trading system dividing into separate blocs oriented around the United States and China, are also troubling fund officials. The Washington Post
• [New] China's economy expanded at a faster-than-expected pace in the first three months of the year, fueled by policies that are intended to stimulate growth and stronger demand. The Washington Post
• [New] In the future, China will take multiple measures and make unremitting efforts to continuously improve its business environment and steadily promote higher-level opening-up. Australian Associated Press
• [New] China and India are expected to remain the main competitors for LNG with the Chinese economy continuing to recover, driving up the energy demand. Envantage Ltd
• [New] China's and Germany's reliance on external demand rather than stimulative domestic policies to bolster their economies could cause rising tensions with trading partners and put a damper on global growth. Brookings
• [New] In the current era of global supply chain restructuring prompted by the intensifying strategic competition between the United States and China, the NSP has the potential to contribute to Taiwan's de-risking strategy. The Diplomat
• [New] China has refused to criticise the Russian invasion and has accused the US and Nato of provoking Moscow, but says it will not provide Moscow with direct military support. The Guardian
• [New] North Korea and China are expected to hold a number of exchanges in 2024 to mark the anniversary of the establishment of diplomatic ties. The Guardian
• [New] The threat of a conflict over Taiwan has put the spotlight on the US and Chinese navies. Insider
• [New] President Biden has vowed that the United States will defend the Philippines from any attack in the South China Sea, calling its support for Manila ironclad. Just Security
• [New] In terms of regional demand, China is expected to maintain its steel demand levels in 2024 compared to 2023, with declines in real estate investments offset by growth in infrastructure and manufacturing sectors. petromindo
• [New] Pursuing foreign investment from entities in the UAE could draw scrutiny from the Committee on Foreign Investment in the United States, which has paid increasingly close attention to Middle Eastern wealth funds' ties to China. CNBCTV18
• [New] Brown calls Chinese EVs an existential threat to the US automotive industry and says that allowing imports of cheap EVs from Chinese brands is inconsistent with a pro-worker industrial policy. Ars Technica
• [New] In February, Washington said it will allow Chinese airlines to further increase their direct passenger flights to the United States, in an effort to gradually restore aviation services that had been affected by the Covid-19 pandemic. CNN
• [New] We expect Pacific unit revenues to be in line with the prior year on 30% growth in capacity driven by strong demand for Korea and Japan, offsetting lower unit revenues in China. Yahoo Finance
• [New] Germany will remain among the world's top ten steel-consuming regions together with China, India, United States, South Korea, Japan, Russia, Turkey, Mexico and Brazil. EUROMETAL
• [New] Mallard stressed that France does not view China as an immediate threat, but added that Western navies must adapt to a maritime environment with increasingly uninhibited competitors. Just Security
• [New] Nations like the United States and China have made significant strides in DTs, shaping future strategic competitions where technological absorption will determine success. Legacy IAS Academy
• [New] China and Russia, like all great powers, including the United States, will break the rules they do not like, try as much as possible to push for the rules they like, and be hypocritical when justifying their ways. The Washington Post
• [New] North Korea and China are expected to hold a number of exchanges to mark the 75th year since they established of diplomatic ties. AP News
• [New] US officials have recently warned Beijing against providing indirect aid to the Russian war effort and regularly urge China to wield its influence to help bring about peace in Ukraine. DAWN.COM
• [New] Vietnam will aim to start building two high-speed railway lines linking its capital city Hanoi with China before 2030. MarketScreener
• [New] Peaceful strategic competition with China, and perhaps with Russia, will be the top priority of U.S. policymakers for many years, but it does not need to determine every aspect of U.S. foreign policy. Carnegie Endowment for International Peace

Last updated: 19 April 2024