China draws 'red lines' around its economic model ahead of EU, US trade talks
Beijing says its investment-heavy model supports catch-up growth and warns against discriminatory trade measures as it seeks to ease disputes without major concessions.
- Ahead of looming trade negotiations with the United States and the European Union, China is defending its industrial-focused economic policy mix, adopting a confident posture that analysts say signals Beijing's belief it can resolve disputes without major concessions.
- Top Communist Party leaders affirmed policy continuity on Thursday, calling for targeted support rather than the consumer-focused stimulus that international trading partners and many economists have long urged Beijing to adopt.
- The Organisation for Economic Cooperation and Development reported that nearly 60% of Chinese firms' market share gains result from subsidies, while McKinsey Global Institute found China's capital returns are roughly 40% lower than the U.S. and Europe combined.
- While the EU defends its markets through domestic procurement policies, Beijing's commerce ministry rejected claims of "so-called industrial overcapacity," labeling the criticism as rooted in "logical flaws" and "ulterior motives."
- President Xi Jinping and Donald Trump plan meetings this year, though Brussels set an October deadline for Beijing to settle disputes over its trillion-dollar-plus trade surplus amid mounting trade tensions.
18 Articles
18 Articles
China draws 'red lines' around its economic model ahead of EU, US trade talks
China is energetically defending its economic policy mix that favours advanced industries over consumption, adopting a posture analysts see as demonstrating increasing confidence ahead of looming trade talks with Europe and the United States.
China Sets Non-Negotiable 'Red Lines' Ahead of High-Stakes EU, U.S. Trade Talks
Beijing is defending its investment-led economic model and rejecting calls for structural reforms as trade tensions with Washington and Brussels intensify ahead of key negotiations later this year.
China Defends Its Economic Model Ahead of U.S., EU Trade Talks
Beijing rejects Western criticism of its industrial strategy, signalling policy continuity as trade negotiations with the United States and European Union approach. The post China Defends Its Economic Model Ahead of U.S., EU Trade Talks appeared first on StratNews Global.
China, which consumes about a quarter of the world's grain production and is one of the largest importers of agricultural products, has approved a new strategy for the development of the grain sector until 2030. The plan calls for increasing domestic production, diversifying import sources and expanding state strategic reserves. According to analysts, this […]
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