It's a weekly business talk show, discussing most important economic and business events both in China and around the world.
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China’s economy grew 5.2 percent in the first three quarters, exceeding 100 trillion yuan, or about 14.3 trillion U.S. dollars. The National Bureau of Statistics says this performance shows resilience amid global headwinds. Industrial output increased by 6.2 percent from January to September, with value-added output of the equipment and high-tech manufacturing industries rising by nearly 10%.…
China is wrapping up its 14th Five-Year plan, which is marked by a series of achievements, including a resilient economy and technological breakthroughs. China's economic growth is projected to exceed 35 trillion yuan, or nearly $4.9 trillion, in the five-year period, contributing about 30 percent of annual global growth. In what ways did China's 14th Five-Year Plan drive the country’s…
China has released a nationwide policy guideline to promote the development and application of artificial Intelligence. The guideline aims to integrate and commercialize AI across six key areas: technology, industry, consumer upgrades, public welfare, governance, and international cooperation. According to the plan, the adoption rate of AI technology in smart devices is expected to reach 70% by…
China is making a big push in future industries. Beijing has plans to accelerate everything from the biotech industry and quantum technology to commercial space, 6G, and the low-altitude economy. In this edition, we’ll look at some strategic emerging industries: biotech and the low-altitude economy.
Chinese and U.S. delegations have held candid, in-depth, and constructive trade talks in Madrid. Discussions on Sunday and Monday included matters related to TikTok. The two sides say the talks were guided by the important consensus reached previously by the two heads of state. Chinese vice premier He Lifeng reaffirmed China's determination to safeguard its legitimate rights and interests. Both…
China has been the world's largest manufacturer for 15 years. What does this say about the resilience of China’s industrial base despite global headwinds? (00:44) Gold prices have reached record highs recently. The rally has been remarkable: up 9 percent in just three weeks and more than 35 percent since the start of the year. What has been driving this gold rush? (18:31)
The Shanghai Cooperation Organization has held its 25th meeting of the Council of Heads of State in Tianjin. Chinese President Xi Jinping has unveiled a new proposal, the Global Governance Initiative, to create a more inclusive international order. (00:45) Europe's July car sales have risen by the most since April last year, with BYD ahead of Tesla. How has BYD overtaken Tesla in the European…
China unveils a national policy to accelerate the development and application of artificial Intelligence. How will it reshape the economy, people’s lives, and the global landscape of innovation (00:45)? China is doubling down on the biotech industry. In the first half of the year, Chinese drug developers signed over 140 deals with foreign pharmaceutical companies, accounting for one-third of all…
China’s stock market hit a historic milestone this week. The Shanghai Composite Index climbed to its highest level in a decade. At the same time, the total market capitalization of A-shares broke through the 100 trillion-yuan mark, or nearly 14 trillion U.S. dollars, for the first time. What are the main factors driving this rally? Compared with previous bull runs, what feels different this time?…
Regarding China’s new subsidies on personal consumer loans, how big of a boost will this be for the economy? (00:45) What does OpenAI’s release of ChatGPT-5 signal for the future of the AI industry?(18:00)
Several Chinese government bodies have recently held mid-year meetings to better support economic growth for the rest of the year. The People’s Bank of China pledged to increase the money supply and lower borrowing costs to ease financial burdens and stimulate demand. To unleash domestic spending, the Finance Ministry committed to rolling out personal subsidies and business loans in the services…
The International Monetary Fund has raised its global growth forecast for 2025, with China getting the strongest boost among major economies. The IMF now projects China’s economy to grow by 4.8 percent this year, up from its four percent forecast in April’s World Economic Outlook. Why is the IMF upgrading China’s economic forecast? To what extent is the rebound in China’s growth tied to…
In December, China’s Hainan Free Trade Port will launch island-wide independent customs operations. What are the details (00:45)? A new study from Invesco shows that nearly 60% of the world’s sovereign wealth funds plan to increase their investments in China. What is driving this? What sectors in China are desirable to these funds (13:25)?
Economic figures for the first half of the year are out, and China’s performance has exceeded forecasts. Its GDP grew by 5.3%, foreign trade in goods increased by 2.7%, hitting a record high, while exports jumped more than 7%. What explains China’s resilience amid the trade war launched by the U.S.? What’s driving China’s strong economic growth?
Leaders of the BRICS countries wrapped up the two-day summit in Rio de Janeiro, what’s the outcome (00:40)? Nvidia becomes the first company in the world to reach a market value of 4 trillion US dollars. What are the main factors for its growth? What is Nvidia's China strategy (17:42)?
According to the latest data, the U.S. economy shrank at an annualized rate of 0.5% from January to March. Being the first contraction in three years, it’s raising fresh concerns regarding the strength of U.S. consumers, the impact of high interest rates, and the resilience of the broader economy. Meanwhile, on the other side of the Pacific Ocean, China posted a stronger-than-expected 5.4% GDP…
At this year's Summer Davos, Chinese premier Li Qiang says the country will continue to foster a first-class business environment. What does the message signal to international investors and multinational companies operating in China？How have foreign businesses in China responded to recent efforts to improve the business environment (00:45)? Shenzhen is in the spotlight for its deepening reform…
The second China-Central Asia Summit has taken place in Kazakhstan. Chinese President Xi Jinping addressed the summit in Astana. He has laid out a vision for cooperation between China and Central Asia, calling for unity, win-win development, and deeper people-to-people ties. He also outlined plans to promote regional prosperity, security, and integration. What are the outcomes of the China-Central…
China's trade in goods continued to grow in the first five months of the year. From January to May, foreign trade totaled nearly 18 trillion yuan or around 2.5 trillion US dollars. That represents a 2.5% increase despite the uncertain global economic environment. Several multinational investment banks, including JP Morgan, Goldman Sachs, and UBS, have raised their forecasts for China's GDP, citing…
This year’s Dragon Boat Festival boosted travel and consumer spendings across China. The country saw 119 million passenger trips, a yearly increase of 5.7 percent. Meanwhile, China's consumer goods trade-in program has generated 1.1 trillion yuan in sales in the first five months. What strength does China’s consumption show amid the new reality (00:40)? DeepSeek updates its R1 AI model. What does…
China, ASEAN, and Gulf Cooperation Council nations held their first summit and pledged to integrate markets amid global trade uncertainties. What were the key messages from this summit (00:40)? Moody's has downgraded the US credit rating due to years of rising debt and deficits. What implications does this have for the U.S. and global economies (19:15)?
China's economy managed to withstand external pressures and maintain steady growth in April. Latest data shows that value-added industrial output grew 6.1 percent, while retail sales expanded 5.1 percent. Exports increased by 9.3 percent in yuan terms. China cut its benchmark lending rates for the first time since October last year. What is the current state of China's economy amid the global…
After high-level talks in Geneva, China and the United States have announced a series of tariff adjustments between the world's two largest economies. The two sides will remove 91% of tariffs and suspend 24% for 90 days while further talks continue. After the adjustment, both sides will retain a 10 percent baseline tariff while the U.S.'s 20% fentanyl-linked levy imposed earlier this year will…
China’s Central Bank has recently announced cuts in the reserve requirement ratio and policy rates and lowered interest rates on personal housing provident fund loans. The measures are part of China’s new financial incentives to stabilize the economy. The People’s Bank of China also unveiled supportive policies for scientific innovation and expanding consumption. What are the potential impacts of…
China is stepping up efforts to stabilize employment and drive economic growth. Senior Chinese officials have outlined new policies to strengthen confidence in a complex global environment. What are the details of this policy package? What do they mean for China's economy (00:42)? We will also explore the new travel trends shaping this year's Labor Day holiday. What do they mean for the tourism…
A CNN report says the U.S. government's tariff and trade policies hurt small businesses domestically. Dozens of leading economists in the U.S. have signed a public declaration warning that President Trump’s use of tariffs could trigger a self-inflicted recession. The International Monetary Fund predicts that U.S. growth will slow to 1.8 percent this year. How might US trade policy backfire for its…
China's GDP grew 5.4 percent in the first quarter. An official from the National Bureau of Statistics said high U.S. tariffs may exert some pressure on China's foreign trade, but will not change the long-term positive trend of the Chinese economy. What has been driving China’s economic growth, despite the external pressures? Is it sustainable? The 5th China International Consumer Products Expo in…
China's foreign ministry says it will take steps against the latest tariff threats from the United States. Spokesperson Lin Jian said China will fight until the end if the US continues escalating tariffs. Amid U.S. global tariff hikes, Beijing has released a white paper outlining its stance on key economic and trade issues with Washington. What does the U.S. tariff policy mean for the global…
US President Donald Trump has introduced sweeping new tariffs on all imported goods to the United States and reciprocal tariffs on 60 countries. What does it mean for US trading partners? Will it backfire on the US? Will it change the global trading system? (00:42). China's manufacturing sector grew in March to its highest level in a year (21:42).
China recently held the Boao Forum for Asia and the China Development Forum. These two major forums highlighted China's commitment to openness and global collaboration, integrating foreign enterprises into its economic growth. Premier Li Qiang made a keynote speech at the opening ceremony of the China Development Forum in Beijing. He said China will continue to welcome enterprises from around the…
China's economy shows steady growth through the first two months of the year, driven by the industrial and service sectors. Meanwhile, China has unveiled a plan to boost consumer spending, as the country moves to make domestic demand the main engine of economic growth. What are the details of China’s latest plan to boost consumption? How would these initiatives benefit both the Chinese economy and…
Chinese stocks are gaining more popularity among both domestic and international investors. Meanwhile, the US stock market has been experiencing volatility. What brought about these changes in market sentiment? Is there a growing divergence in the outlook for the world’s two leading markets? Where will global investments head to?
China has set its GDP growth target for this year at around 5 percent. Premier Li Qiang announced the target in his government work report at the annual session of the National People’s Congress. Other top government priorities include boosting consumer demand and improving investment, as well as promoting tech innovations and modernizing industry. What are the main focal points of this year's Two…
Foreign investors are increasingly turning their attention to China's A-share market. Goldman Sachs strategists have predicted a potential 15% to 20% surge in China's stock market value, driven by the country's rapid adoption of AI. Why are they focused on Chinese assets (00:40)? We’ll also examine why the price of gold keeps re-setting record highs (17:48).
Chinese President Xi Jinping has called on the country’s private sector to seize opportunities in the new era and advance modernization. He also shared his hopes and expectations for private entrepreneurs. The Chinese president was speaking as he met representatives from privately owned companies. In what ways did the symposium demonstrate the Chinese government's long-term support strategy for…
As Chinese AI firm DeepSeek continues to capture attention worldwide, many foreign investment institutions are bullish on the Chinese stock market. JPMorgan Chase said it's AI applications rather than infrastructure that is going to drive the next wave of value creation. Will foreign investors continue to put their money into the Chinese market (00:45)? We'll take a look at the Artificial…
China's consumer spending gained momentum during the holiday season, and factory activity continued its expansion. How does China’s economy look at the start of the year (00:48)? Global trade is at risk. How will Trump's new tariffs threaten the global economy (17:10)?
China's manufacturing industry has remained the world's largest in terms of overall scale for 15 years. What are the main factors driving the sector in the past decade? Which manufacturing sectors are leading globally? What challenges may they face in the new intelligent age (00:39)? The ice and snow economy is heating up in northeast China, and tourism is booming (22:30).
The World Economic Forum held its annual meeting earlier this week in Davos, Switzerland. The theme of this year's Davos meeting was "Collaboration in the intelligent age." What are the challenges facing the global economy right now? How can the world foster stronger collaboration in the intelligent age to support the global economy? What is China's role in it?
The U.S. government has issued new restrictions on advanced AI chips and technology. How will it affect global supply chains in the chip industry? How should China respond to Washington's moves? (00:45) U.S. TikTok users are flocking to another Chinese social media app, RedNote, over the potential TikTok ban. Why is this happening? (18:37)
The digital economy has been called the “third great economic revolution” after the agricultural and industrial revolutions. Data shows that China's digital economy reached 54 trillion yuan in 2023, accounting for nearly 43 percent of the country’s GDP. As China stands at a pivotal juncture in its economic transformation, the digital economy has emerged as a key driver in the overall economic…
China's ice and snow economy is thriving, and diverse attractions drive winter tourism nationwide. What is the role of the ice-and-snow economy in China's economic growth? (00:44) The capabilities of Artificial Intelligence have grown by leaps and bounds. We'll look closer at global AI competition and what to expect for AI breakthroughs in 2025. (13:58)
As 2024 winds down, we'll discuss some of the biggest economic headlines for China and the world. This year, China introduced a series of economic stimulus policies targeting the housing market, local government debt, and consumer spending. At the annual Central Economic Work Conference, Chinese leaders charted economic plans for 2025. China will pursue a more proactive fiscal policy with a higher…
The US Federal Reserve has ended 2024 with another interest rate cut, the third and final of this year. It announced a reduction of 25 basis points. What does the rate cut mean for the U.S. economy? How will the market respond (00:39)? China's latest economic figures signal a steady recovery. Retail sales of consumer goods increased by 3 percent in November from a year earlier. Value-added…
China has held its annual Central Economic Work Conference in Beijing. Chinese leaders have charted economic plans for 2025. The leadership highlighted the year as pivotal in implementing China's 14th five-year plan, adding that China has progressed in high-quality development. The meeting also urged proactive macroeconomic policies to shore up domestic demand, integrate tech innovations into…
China's factory activity has expanded at its fastest pace in five months. What has driven this expansion in China’s manufacturing? What does it say about China's economic recovery (00:39)? New home prices rose faster in November. Will government policies continue to boost market conditions for next year (12:00)?
China hosted its 2nd International Supply Chain Expo in Beijing. What are the details? How to stabilize and build more trust in the global supply chain (00:42)? Huawei has unveiled its latest smartphone lineup, the Mate 70 series. What are the new features (19:19)?
Chinese President Xi Jinping outlined China's eight-point action plan for global development at the G20 summit in Brazil. What's the key message (00:49) ? This year's World Internet Conference Wuzhen Summit has its focus on artificial intelligence and its social-economic impact. What’s new in China's AI innovation (18:36)?
Global leaders have gathered in Peru for the Asia Pacific Economic Cooperation Forum. What are the top issues at this year's APEC meeting? What can APEC do to enhance economic cooperation to promote inclusive and sustainable growth? What’s China's role in it (00:47)? Chinese lawmakers have approved a State Council bill on raising the ceiling of local government debt to replace their existing…
Premier Li Qiang emphasized China's commitment to opening up at the 7th China International Import Expo in Shanghai. What opportunities does China's Import Expo offer to the world (00:43)? The Boeing strike ended when workers accepted a new contract. What are the challenges ahead (18:02)?