Day: March 28, 2023

Russia’s war in Ukraine has created an awkward situation for China, which has promoted sovereignty as a way to prevent other countries from meddling in China’s own affairs. But despite China’s attempts to seem neutral in the conflict, it’s clear that China is joining forces with Russia. In this just us episode of China Unscripted, we discuss Xi Jinping and Vladimir Putin’s friendship, China’s 12-point peace plan, and Xi Jinping’s ominous message to Putin as they said goodbye after their most recent meeting.

China Update is about China economic and political news and analysis #chinaupdate 00:00 Belt & Road Bailouts 05:07 Jack Ma Reappears 07:13 Chinese Economy: Consumption

From the mentioned background, we can see that the price war in the Chinese auto industry will not lead to any positive effects over the long term. But without price cuts, it is difficult for Chinese automakers to find a way out quickly. A noteworthy phenomenon is that foreign automakers are also involved in the price war.

The U.S. House of Representatives passed a bill to revoke China’s “developing nation” status, voting that the world’s second-largest economy should not get those benefits. In the spotlight are the billions China has spent bailing out developing countries. The vast majority of them fall under Beijing’s global infrastructure Belt and Road Initiative. A new report sheds light on the opaque nature of China’s deals. But is the bill enough to change the game?