Chinese

Why Alibaba and other Chinese tech stocks are an exception to Goldman Sachs' outlook

Why Alibaba and other Chinese tech stocks are an exception to Goldman Sachs’ outlook

Text size Alibaba and other Chinese tech stocks have been battered since early last year. Qilai Shen/Bloomberg Chinese tech stocks have been battered since many hit all-time highs in early 2021, and the situation hasn’t improved much in 2022. That may be a compelling reason to at least take a fresh look at this sector. …

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Frugal is the new trend for young Chinese as the economy falters

Frugal is the new trend for young Chinese as the economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: a new car, a bigger apartment, fine dining on weekends and vacations on tropical islands. Instead, the 39-year-old marketing consultant from Shanghai is one of many Chinese in their 20s and 30s cutting spending and saving …

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Chinese local government finance vehicles go on a land-buying spree

Chinese local government finance vehicles go on a land-buying spree

Chinese local government finance vehicles are rushing to buy large amounts of land with borrowed funds, bailing out struggling cities and provinces for cash after an exodus of indebted private sector developers. The spending spree was sparked ahead of President Xi Jinping’s planned nomination for an unprecedented third term next month and highlights efforts to …

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The Chinese economy needs more stimulation.  Beijing's room for maneuver is limited.

The Chinese economy needs more stimulation. Beijing’s room for maneuver is limited.

Text size People’s Liberation Army soldiers outside the People’s Bank of China in Beijing. Andrea Verdelli/Bloomberg About the Author: Alicia Garcia Herrero is a senior fellow at the European think tank Bruegel and chief economist for Asia-Pacific at Natixis. She is a Nonresident Senior Fellow at the National University of Singapore’s East Asia Institute and …

The Chinese economy needs more stimulation. Beijing’s room for maneuver is limited. Read More »