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2 weeks ago | 
bloomberg.com | John Liu |Fran Wang |Josh Wingrove
President Donald Trump has ramped up US tariffs on China by a record 104%, betting he can force Xi Jinping to the table even as Beijing vows to “fight until the end.” The question now is which leader folds first. Hours before the steepest US tariffs in a century took effect on Wednesday, Trump claimed he was “waiting” for China’s call as he set up talks with a range of countries. “They want to make a deal,” the US leader said. “They just don’t know how to because they’re proud people.
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3 weeks ago | 
bloomberg.com | John Liu |Fran Wang
Supply Lines is a daily newsletter that tracks global trade. Sign up here. China highlighted US farmers and tech companies as beneficiaries of economic ties in the ruling Communist Party’s official newspaper, in an apparent appeal to cool trade tensions on the eve of Donald Trump ’s expected announcement of new global tariffs.
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3 weeks ago | 
bloomberg.com | John Liu |Fran Wang
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...
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1 month ago | 
bloomberg.com | James Mayger |Fran Wang
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
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1 month ago | 
bloomberg.com | James Mayger |Yujing Liu |Fran Wang
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
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Jan 7, 2025 | 
bloomberg.com | John Liu |Fran Wang
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
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Nov 8, 2024 | 
bloomberg.com | John Liu |Fran Wang
China has announced a 6 trillion yuan ($839 billion) program to refinance local government debt, as Beijing rolls out more measures to support a slowing economy facing new risks from the reelection of Donald Trump. China will raise local governments’ debt ceiling to 35.52 trillion yuan, which will allow them to issue six trillion yuan in additional special bonds over three years to swap hidden debt, the Xinhua News Agency reported on Friday.
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Oct 18, 2024 | 
afr.com | Fran Wang
Beijing | China’s economic expansion slowed in the third quarter despite tentative signs of improvement last month, as policymakers ramp up stimulus to help the world’s second-largest economy reach its annual growth target. Gross domestic product increased 4.6 per cent in the July-to-September period from a year prior, data released by the National Bureau of Statistics showed on Friday, the slowest pace in 18 months and down from the 4.7 per cent recorded in the second quarter. Loading... Bloomberg
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Oct 17, 2024 | 
bloomberg.com | John Liu |Fran Wang
Finance Minister Lan Fo’an announced in October that China would soon launch its largest effort in years to address risks from local-authority debt. That’s stoked expectations for a massive swap of so-called hidden debt that would bring a swath of borrowing on to local governments’ official balance sheets. The hope is that the process would reduce risks of default, lower debt-servicing costs and give local officials greater scope to support economic growth.
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Sep 15, 2024 | 
bloomberg.com | John Liu |Fran Wang
Back in January, Premier Li Qiang trumpeted China’s success in exceeding its 2023 growth goal without resorting to “massive stimulus.” Repeating the same feat this year now looks less likely. Pressure is growing on Chinese authorities to quickly ramp up fiscal and monetary stimulus to hit this year’s growth target of around 5%. Data published Saturday showed industrial output marking its longest slowing streak since 2021 last month, while consumption and investment weakened more than expected.
