While trying to protect domestic industries through government intervention, technological blockades and financial subsidies, Washington has lashed out at China’s “non-market policies,” which it claims are bad for domestic employment. Such rhetoric doesn’t help America’s international reputation.

Reflections on Lessons from Davos for US, China, India & Beyond– When the global order seems to be shifting faster than ever, the need for committed partnerships between established and developing powers should be seen as necessary.

The economy will stabilize and improve this year, and prudent monetary policy can bring reductions in the bank reserve ratio and interest rates. In the short term, the priority should be the expansion of domestic demand. In the longer term, innovation must drive high-quality development.

In 2024, China and the United States should seek an approach that is at once global and bilateral and addresses problems at the governmental working level and at the business level. With joint efforts, bilateral trade will start to grow again.

Western hedge funds, banks and short sellers are targeting China, Hong Kong, and South Korea. As geopolitics is proliferating in Asia, weaponization is spreading to markets.

China’s slowing economy has fueled a broad range of takes on why Asia’s dominant power is losing its growth trajectory. Whatever the real reason is, China’s regulatory crackdowns seem to be digging a deeper hole to fall into.

The narrative that China’s economy is nearing its peak – or has already reached it – has taken hold in Western media. But if you read the doomsayers’ analyses carefully, you will find that many of the reasons they give for their bleak assessments are not new. On the contrary, they tend to highlight precisely the same challenges that economists and commentators have been harping on for at least a decade or longer. If China was not sputtering then, why should we believe it is now?

China’s economic performance over the last year has been disappointing – so much so that some observers argue that growth has already peaked, and that it is all downhill from here. But it is far too soon to write off China’s economic resilience.

Western economies faced tight monetary policies and rampant inflation in 2023, while Asia faced mixed growth. 2024 will likely bring disinflationary forces in the West, contrasting with continued economic deceleration in China.

Subsidies have evolved into dual-purpose instruments, serving as drivers of self-reliance and geopolitical tools. This transformation, spurred by economic strategies and national security concerns, blurs the line between economic prosperity and safeguarding strategic interests, urging the need for a unified global economic stimulus strategy and enhanced cooperation in new realms to navigate this complex interplay effectively.