Yu Xiang
Senior Fellow, China Construction Bank Research Institute
Jan 13, 2025
The United States initially rejected the sale of U.S. Steel to Nippon Steel, as increasing scrutiny is being applied to international acquisition proposals. A major driver is the growing prominence of protectionist sentiment in the country, where the interplay of politics, security and economic interest is presenting new hurdles for businesses.
Dec 27, 2024
With the country at a critical economic crossroads, the Chinese government’s carefully calibrated policy adjustments provide a solid foundation for future growth. The economy is expected to gain strength, as domestic development and global confidence are both addressed through clear-eyed assessments of deep-seated challenges.
Nov 22, 2024
The country is capable of mitigating any ill effects should Trump return to the aggressive form of his first term. China may feel some pressure, but it has built a multilayered economic defense involving domestic demand, fiscal policies, high-tech innovation and international cooperation.
Sep 30, 2024
The rare 50-basis-point interest rate cut is the American central bank’s response to a slowing economy. It will inevitably have far-reaching effects. For China, it is likely to influence capital flows and cause fluctuations in China’s financial markets. It will also put upward pressure on the yuan, which could hurt the country’s exporters.
Aug 16, 2024
Only through steadfast multilateral policy coordination and flexible, effective measures can global financial markets weather the storm safely and achieve stability and development.
Apr 12, 2024
The U.S. treasury secretary visited China recently, and by many measures it was successful. She demonstrated excellent public diplomacy and engaged in many healthy dialogues, which China welcomed. And yet the United States is the source of continued friction on many fronts.
Mar 25, 2024
Security threat worries are unfounded. A ban of the platform would only undermine the confidence of international investors and pose significant risks to global economic development. Investors should pay close attention to these risks when making investment decisions.
Dec 21, 2023
Carefully parsed economic data may serve as a smokescreen to conceal the genuine state of the U.S. economy and mislead investors. The fog confuses both the observers and the promoters of perceptions, rendering everyone incapable of gauging the seriousness of underlying issues.
Sep 22, 2023
The United States has seen consistent monthly growth throughout the year, but certain risk factors are accumulating. The future trajectory of the U.S. economy will depend on the relative development of economic growth drivers and the potential risks. China must respond thoughtfully.
Jun 16, 2022
The Russia-Ukraine conflict has provided new impetus to the centennial change in global order. Combined with the impact of global pandemic, this conflict has accelerated the transformation of international economic order from a US-dominated globalization process to the globalization driven by coexistence of multiple parallel systems.