Tag: Economic Conditions and Trends

China’s Economy Slows Sharply, in Challenge for Xi Jinping

DONGGUAN, China — China’s consumers and businesses are losing confidence. Car sales have plunged. The housing market is stumbling. Some factories are letting workers off for the big Lunar New Year holiday two months early. China’s economy has slowed sharply in recent months, presenting perhaps the biggest challenge to its top leader, Xi Jinping, in […]

Read More

A Weakened China Tries a Different Approach With the U.S.: Treading Lightly

BEIJING — The recent arrest of a top Chinese tech executive at the Trump administration’s request seemed certain to provoke a geopolitical showdown pitting Beijing against Washington. The detained executive is a daughter of one of China’s most admired business leaders. She helps run a company, Huawei, at the center of a global race to […]

Read More

After the Earthquake, Anchorage Goes Back to School

ANCHORAGE — Monica Bradbury stood bundled in her coat in the hall of the elementary school where she was dropping off her daughters, ages 7 and 10. It was close to 9 a.m. on Monday, still coal-dark in the nation’s far north, and this was the first morning back to school after the biggest earthquake […]

Read More

Trump Claims Progress With China as Negotiators Talk Trade

WASHINGTON — President Trump on Tuesday said the United States and China were having “very productive conversations” as top American and Chinese officials held their first talks since the two countries agreed to a 90-day trade truce earlier this month. The Chinese Commerce Ministry announced that Liu He, China’s economic czar, took part in a […]

Read More

India’s Top Central Banker Quits as Government Seeks More Control

MUMBAI, India — India’s top central banker resigned on Monday after tussling for months with Prime Minister Narendra Modi’s government over its desire to exert more control over the bank’s regulations and tap its reserves to increase government spending. The departure of the banker, Urjit Patel, came almost a year before his term was to […]

Read More

The New New World: The Huawei Executive’s Arrest Is Igniting Fear. The U.S. Should Take Notice.

Days after the Canadian authorities arrested one of China’s leading technology executives at the behest of Washington, Cisco warned some employees that China might return the favor. In an email with the subject line “Travel Restriction to China,” the Silicon Valley networking giant cautioned employees against nonessential travel to China “due to recent events.” Cisco […]

Read More

Huawei Executive Was Company’s Professional Face, Until Her Arrest

BEIJING — As Huawei’s finance chief and daughter of its founder, Meng Wanzhou has been a polished, professional face for a huge technology firm that long was opaque to the outside world. Ms. Meng, the eldest daughter of Ren Zhengfei, the leader of the telecom equipment maker, has appeared before reporters to announce the company’s […]

Read More

Trump Administration Defends Arrest of Huawei Executive

WASHINGTON — A senior administration official said on Friday that the United States had repeatedly warned Huawei, one of China’s flagship technology firms, about violating American sanctions on Iran before the arrest Saturday of one of its top executives. “We’ve warned them for quite some time of violating the Iranian sanctions,” Larry Kudlow, director of […]

Read More

The Economy Faces Big Risks in 2019. Markets Are Only Now Facing Up to Them.

ImageTraders outside the New York Stock Exchange this week. Worries about the economy’s future are finally starting to affect stock prices, even though the economy remains strong.CreditMary Altaffer/Associated Press After another week of exceptional volatility on Wall Street that has pummeled stock portfolios, there are two closely related questions worth asking. First, why is this […]

Read More

Global Stocks Plunge, Suggesting a Grim Day on Wall Street

HONG KONG — Global stock markets fell sharply on Thursday and Wall Street was poised for another sell-off after cautious hopes for a lasting trade truce between the United States and China were jolted anew by the arrest of a prominent Chinese technology executive. Investors’ anxiety over the fragile peace between the world’s two largest […]

Read More

Trump, Self-Styled ‘Tariff Man,’ Issues China a Warning

WASHINGTON — President Trump warned China on Tuesday that if President Xi Jinping failed to make good on the trade promises reached during their weekend meeting, the United States would impose additional tariffs on Chinese imports. Referring to himself as a “Tariff Man,” Mr. Trump issued a series of tweets that only further deepened the […]

Read More

Steve Bannon and a Fugitive Billionaire Target a Common Enemy: China

Just months after being pushed out of the White House, Stephen K. Bannon, President Trump’s former chief strategist, met with a fugitive Chinese billionaire at a suite in the luxurious Hays-Adams Hotel in Washington. The billionaire, Guo Wengui, who is also known as Miles Kwok, was living in New York City and had landed on […]

Read More

Trade Truce by China and U.S. Gives Both Sides Political Breathing Room

The agreement reached by President Trump and President Xi Jinping of China to effectively pause their trade war and work toward a pact appears to be aimed at giving the two leaders some political breathing room after an escalating fight has begun inflicting economic damage on both sides of the Pacific. The temporary truce, forged […]

Read More

A China Hawk Gains Prominence as Trump Confronts Xi on Trade

WASHINGTON — Michael Pillsbury had just finished a rib-eye salad at the Cosmos Club on Tuesday when he received a text message from the White House: “The president is trying to reach you. Call back.” A day later, Mr. Pillsbury huddled in the Oval Office with President Trump and senior members of the White House […]

Read More

Falling Oil Prices May Make Trump Happy but They Pose Risks for U.S.

HOUSTON — Oil prices have plunged by 25 percent in the last month while the cost of gasoline has tumbled to as little as $2 a gallon in several states. President Trump is pushing for even lower prices, calling it “a big Tax Cut for America and the World.” But Mr. Trump is playing a […]

Read More

The Real China Challenge: Managing Its Decline

In 2009, The Economist wrote about an up-and-coming global power: Brazil. Its economy, the magazine suggested, would soon overtake that of France or the U.K. as the world’s fifth largest. São Paulo would be the world’s fifth-richest city. Vast new reserves of offshore oil would provide an added boost, complemented by the country’s robust and […]

Read More

Contributing Op-Ed Writer: Will Taiwan Be the First Domino to Fall to China?

Democratic countries that worry about the Chinese government’s attempts to influence their politics should study its success in this weekend’s elections in Taiwan. The many races — for some 11,000 positions in villages, towns and counties across the island — were something like midterms and widely seen as a prelude to the next presidential election, […]

Read More

Jack Ma, China’s Richest Man, Belongs to the Communist Party. Of Course.

HONG KONG — Jack Ma, China’s richest man and the guiding force behind its biggest e-commerce company, belongs to an elite club of power brokers, 89 million strong: the Chinese Communist Party. The party’s official People’s Daily newspaper included Mr. Ma, executive chairman of the Alibaba Group and the country’s most prominent capitalist, in a […]

Read More

Five Takeaways From Our New China Project

How did China do it? When The New York Times set out to take a big-picture look at China, the what was obvious enough: Across the Pacific Ocean from the United States lies the world’s newest superpower, a rival to American interests both economic and political. The how was another matter. How did the land […]

Read More