China trade surplus with US widens 7.1% to $317 bn in 2020 

China trade surplus with US widens 7.1% to $317 bn in 2020 

(ATF) China's trade surplus with the US widened last year despite a partial trade deal requiring Beijing to boost purchases, official figures showed on Thursday. Donald Trump had made closing the trade gap with China a priority when he took office four years ago and launched a bruising trade war …

Continue reading

China brings fintech to poorer rural areas

China brings fintech to poorer rural areas

(ATF) In addition to lack of infrastructure, poor areas in China are often places that lack financial services. On the snow-covered plateau, in the vast Gobi desert, in the border towns, and deep in the mountains, people's need for basic financial services have sadly not been met. But, as a …

Continue reading

China recovery awakens EM bulls

(ATF) China’s “dual circulation” policy to use its internal growth impetus to drive domestic and regional growth supports the bullish view on Emerging Asian markets in the face of Covid-19. It also argues that 1) domestic demand growth, import substitution and technological self-sufficiency would drive investment decisions and opportunities in …

Continue reading

Top IMF economist calls for more stimulus to beat pandemic

Top IMF economist calls for more stimulus to beat pandemic

(ATF) More stimulus is needed to propel the global economy through the coronavirus pandemic, even as vaccines are being rolled out, according to the International Monetary Fund’s top economist. Gita Gopinath said in an interview on Wednesday that the world faces a “pretty dark winter” as a new strain of …

Continue reading

China vows to protect food security amid shocks to supplies

China vows to protect food security amid shocks to supplies

(ATF) China's agriculture minister says the country is vowing to ensure food security by developing its seed industry and strengthening farmland protection in the wake of shocks to the sector from the coronavirus pandemic and trade wars. The comments by Minister of Agriculture and Rural Affairs Tang Renjian follow a …

Continue reading

China's leaders say domestic demand will be key focus in 2021

China leaders say domestic demand will be key focus in 2021

(ATF) With China’s 13th Five-Year Plan coming to an end and the 14th Plan about to begin, the Central Economic Work Conference will direct the pulse of the country's development and clarify eight key tasks for the economy in 2021. One of these is to expand domestic demand on a …

Continue reading

China to crank up tax collection in 2021

China to crank up tax collection in 2021

(ATF) China has a long history of companies and individuals keen to avoid paying tax – if possible – during its many years of economic reform. But President Xi is leading a push to replenish state finances by getting private businesses to pay a greater share of the country's huge …

Continue reading