China, Xi Jinping and Trump
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There's peace and quiet as another extension of the trade truce was announced this week. But it may not last, writes Scott Kennedy.
Despite a recent rally, Chinese benchmarks have only just returned to levels from a decade ago, far trailing the gains of U.S. equities. A $10,000 investment in the CSI 300 (NYSEARCA: ASHR) ten years ago would be worth about $13,000 today, compared with more than $30,000 if placed in the S&P 500 ( SP500 ).
Five years after China began a push to rein in the nation’s debt-addicted real-estate developers, its property market has yet to find the bottom.
According to the SIPRI database, some of Pakistan’s major orders in the last five years include the country’s first spy ship, Rizwan; more than 600 VT-4 battle tanks and 36 J-10CE 4.5-generation fighter jets. China sent the first batch of multi-purpose J-10CE fighter jets to the Pakistani Air Force in 2022.
Chinese leader Xi Jinping urged the European Union to make “the right strategic choice” and enhance cooperation with China, while EU leaders called for a rebalancing of trade ties, as the two sides tackle deep-seated grievances at a tense summit in Beijing.
A newly published speech reiterates the president’s pledge to support China’s private companies as a recent survey shows many face challenges.
The Chinese leader’s crackdown on military corruption reveals how deep his concerns run, not only about battlefield readiness, but about political survival, as well.
China's top leadership has recently pledged to curb "involutionary" competition amid intense price wars in the country.
Trump’s major gamble on China continues to pay off, with Chinese negotiators willing to make some concessions. Trump has maintained very high tariffs on America’s second-biggest trading partner without tipping the economy into recession.