Tag: China
Why businesses are pulling billions in profits from China
Foreign businesses have been pulling money out of China at a faster rate than they have been putting it in, official data shows. The country’s slowing economy, low interest rates and a geopolitical tussle with the US have sparked doubt about its economic potential. All eyes will be on a crucial meeting between Chinese leader Xi Jinping and US President Joe Biden this week. But businesses appear to be already erring on the side of caution. “Anxieties around geopolitical risk, domestic policy uncertainty and slower growth are pushing companies to think about alternative markets,” says Nick Marro from the Economist Intelligence Unit [Read More…]
Should China worry about its shrinking population?
China’s population has fallen for the first time in six decades, official statistics revealed earlier this week – but this trend may not spell doom for the country in the short term, experts say. Beyond 2030, however, demographic stress will be a drag on growth in what is currently the world’s second-largest economy. The number of Chinese people fell by 850,000 from the previous year to 1.4118 billion, the statistics showed. Its birth rate had been slowing for years, prompting a range of policies to try to slow this trend, including scrapping the country’s infamous one-child policy seven years ago. [Read More…]
