Why China may be saving its bazooka for Donald Trump
The Communist Party may be hoarding fiscal firepower to offset a possible trade war
OF ALL THE people anxiously watching America’s presidential election, spare a thought for Chinese investors. Their economy is already contending with a property slump that began more than three years ago and persistent deflation that began over 18 months ago. Now they must contemplate a possible return of Donald Trump to the White House, bringing the threat of steep tariffs in his wake.
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This article appeared in the China section of the print edition under the headline “Why China may be saving its bazooka”
From the November 2nd 2024 edition
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Trump, trade and feeding China’s pigs
As a trade war looms, China looks to cut its reliance on America
Helping America’s hawks get inside the head of Xi Jinping
China’s leader is a risk-taker. How far will he go in confronting America?
Snuffing out the flame of freedom in Hong Kong
Dozens of pro-democracy activists are thrown into jail for up to a decade
China’s greatest dumpling run
A big gathering of young cyclists is ended by officials
A spate of horrific car-rammings shakes China
They are known as “revenge on society” attacks
Mega-polluter China believes it is a climate saviour
It accounts for almost 40% of global investment in clean energy
