The Chinese economy has once again emerged as a focal point in the global arena due to recent developments on the international trade front. The imposition of new tariffs on Chinese goods, as announced by U.S. President Donald Trump, caught not only global analysts but also Chinese policymakers off guard. Goldman Sachs, one of the world's leading financial institutions, highlighted in its report on Sunday that these tariffs will result in a significant reduction of China’s GDP growth by at least 0.7 percentage points this year.
JD.com Inc. (JD), one of China’s leading e-commerce platforms, has exhibited its fastest revenue growth in nearly three years. This development follows a shift in Beijing’s economic policy aimed at bolstering consumer spending in the world’s second-largest economy.
Recent developments in international markets have brought positive news for the Chinese currency — the yuan. This increase occurred following the latest statements from President Donald Trump, who indicated a preference against raising tariffs on exports to China. As a result, the yuan reached its strongest level in six weeks, both domestically and on foreign markets.
The modern Chinese economy is grappling with serious challenges, most notably a deflationary trend that has persisted for over three years, posing significant risks to economic growth and stability. This phenomenon is causing concern among economists and government officials, who are calling for proactive measures to combat falling prices.
