Latest news with #Chinese government
Yahoo
a day ago
- Business
- Yahoo
China's $733 Billion Warning: Why Investors Can't Ignore This Red Flag
China just posted a record-breaking 5.25 trillion yuan ($733 billion) budget deficit for the first half of the yeara 45% jump from the same period in 2024. Behind that number? A government pulling every fiscal lever it can to keep growth on track as exports to the US take a hit. While American tariffs remain elevatedroughly 30 percentage points higher than a year agoBeijing has doubled down on infrastructure and domestic spending to compensate for weakening external demand and a bruised property sector. Warning! GuruFocus has detected 9 Warning Signs with MSTR. So far, that strategy has bought time. GDP grew 5.3% in the first six months, running ahead of the government's full-year target. But under the surface, cracks are showing. Fiscal revenue fell 0.6% year-on-year, tax collections dropped 1.2%, and land salesa key source of fundingslipped another 6.5%. Meanwhile, total government spending rose 9% to nearly 19 trillion yuan, driven by capital-heavy projects and social support. For investors, that paints a mixed picture: growth is holding up, but the cost is rising fast. All eyes now turn to two events on the horizon: a high-level economic policy meeting in Beijing and fresh trade negotiations between Chinese and US officials. What happens next could shape the outlook not just for China's fiscal stance, but for any company exposed to cross-border flowsparticularly those like Tesla (NASDAQ:TSLA), which depend on both Chinese consumers and manufacturing capacity. If tariffs rise or growth slows, earnings leverage across sectors could swing hard in either direction. This article first appeared on GuruFocus. Sign in to access your portfolio
South China Morning Post
2 days ago
- Science
- South China Morning Post
How Chinese scientists fought for 74 years to build most powerful dam on Earth
In 1951, immediately after Tibet 's liberation, the Chinese government established the first Tibetan scientific expedition. Advertisement This was the first comprehensive scientific expedition to the Qinghai-Tibet Plateau. More than 50 researchers, equipped with barometers, compasses and other basic instruments, accompanied the army on their pioneering quest. It took them nearly three years to complete the expedition from the Jinsha River in the east to Mount Everest in the west, and to the Yarlung Tsangpo River in southern Tibet. A geological map highlighting key mining areas along the route was compiled, complemented by the collection of scientific data on soil, meteorology, hydrology, agriculture, language and history. This marked the beginning of plans for the Yarlung Tsangpo dam . On July 19, Premier Li Qiang announced the launch of the Yarlung Tsangpo River downstream hydropower project during its groundbreaking ceremony in the Tibetan city of Nyingchi. Advertisement
Yahoo
4 days ago
- Business
- Yahoo
China's $733 Billion Warning: Why Investors Can't Ignore This Red Flag
China just posted a record-breaking 5.25 trillion yuan ($733 billion) budget deficit for the first half of the yeara 45% jump from the same period in 2024. Behind that number? A government pulling every fiscal lever it can to keep growth on track as exports to the US take a hit. While American tariffs remain elevatedroughly 30 percentage points higher than a year agoBeijing has doubled down on infrastructure and domestic spending to compensate for weakening external demand and a bruised property sector. Warning! GuruFocus has detected 9 Warning Signs with MSTR. So far, that strategy has bought time. GDP grew 5.3% in the first six months, running ahead of the government's full-year target. But under the surface, cracks are showing. Fiscal revenue fell 0.6% year-on-year, tax collections dropped 1.2%, and land salesa key source of fundingslipped another 6.5%. Meanwhile, total government spending rose 9% to nearly 19 trillion yuan, driven by capital-heavy projects and social support. For investors, that paints a mixed picture: growth is holding up, but the cost is rising fast. All eyes now turn to two events on the horizon: a high-level economic policy meeting in Beijing and fresh trade negotiations between Chinese and US officials. What happens next could shape the outlook not just for China's fiscal stance, but for any company exposed to cross-border flowsparticularly those like Tesla (NASDAQ:TSLA), which depend on both Chinese consumers and manufacturing capacity. If tariffs rise or growth slows, earnings leverage across sectors could swing hard in either direction. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
13-07-2025
- Business
- South China Morning Post
What are China's ‘future industries' – and why they matter in the global tech race
As the dust barely settles on 'Made in China 2025' , Beijing is intensifying its quest for technological supremacy with a focus on 'future industries' amid its escalating rivalry with the United States. Authorities are pushing boundaries in their pursuit of a new growth model centred on technological breakthroughs and industrial upgrades. What are 'future industries'? First introduced by President Xi Jinping in 2020, the term refers to sectors with foundational technologies still in their infancy but expected to possess enormous potential. The 2021-25 Five-Year Plan highlighted brain-inspired intelligence, quantum information, gene technology, future networks, deep-sea and aerospace development and hydrogen energy and storage as areas where China aims to secure an early lead. That list is now expanding, as the government gradually adds new priority sectors. In 2024, the Ministry of Industry and Information Technology (MIIT) released guidelines identifying target areas including humanoid robots, 6G network equipment, brain-computer interfaces, large-scale AI data centres and next-generation large aircraft.
