China Bracing for Trump’s Tariffs: Will They Really Be 20% Instead of 60%?Speculation rises that Trump's tariffs on China may average 20%, impacting GDP growth and prompting potential retaliation from China.
China’s Central Bank Cuts Reserve Ratio, Injects $142 Billion to Boost EconomyThe governor of the People's Bank of China stated that the central bank will lower the reserve requirement ratio (RRR) by 0.5 %
Goldman Sachs Warns: Trump's Tariff Plan Could Hit U.S. Income and SpendingGoldman analysis: greater impact on actual income and personal consumption Analysts predict that if the tariff imposition plan against China, advocated by former U.S. President Donald Trump, is implemented, it could hinder U.S. economic growth and increase inflation. According to Bloomberg on the 7th (local time), analysts at Goldman Sachs Group, Inc. projected in a […]
Think Tanks From Five Countries Predict China to Overtake U.S. as World's Largest Economy by 2035Competing with the United States for global economic dominance, China is expected to surpass the U.S. GDP by around 2035. However, achieving this goal requires maintaining an annual growth rate of about 5%, with a minimum of 4%, making it challenging. On the 1st, China’s Global Times reported, according to a joint research report by […]
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