Chinese Economics Thread

[GulfLander]

https://twitter.com/i/web/status/2017089009638625681

 

[Some1Guy]

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US presses China to let yuan strengthen, avoids ‘currency manipulator’ label​

The United States has urged China to allow the yuan to appreciate, accusing Beijing of a lack of transparency and describing the currency as “substantially undervalued”.

“It is important that the Chinese authorities allow the RMB exchange rate to strengthen in a timely and orderly manner in line with market pressure and macroeconomic fundamentals,” the US Treasury said in a report released on Thursday.

China’s exchange-rate policies stood out among major US trading partners for their “relative lack of transparency”, it added, though it stopped short of designating Beijing a currency manipulator.

The report, the latest semi-annual foreign currency review by the US Treasury, came amid Washington’s long-standing concern that Beijing may intentionally undervalue the yuan. It last labelled China a

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, during US President Donald Trump’s first term.
“This relative lack of transparency will not preclude [the] Treasury from designating China if available evidence suggests that it is intervening through formal or informal channels to resist RMB appreciation in the future,” the report said.

In contrast to the sharp depreciation seen during Trump’s first term – which fuelled speculation that Beijing had allowed the yuan to weaken to offset tariffs – the currency has trended stronger in

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, despite a brief dip in early April when Washington announced sweeping “reciprocal tariffs” on nearly all its trading partners.

Seems like America is pressuring China to let the yuan appreciate, what a thinly wailed threat.

They literally have no business as to what China does with the yuan.

 

[siegecrossbow]

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US presses China to let yuan strengthen, avoids ‘currency manipulator’ label​

Seems like America is pressuring China to let the yuan appreciate, what a thinly wailed threat.

They literally have no business as to what China does with the yuan.

I mean the dollar is devaluing like mad so from a certain point of view, the RMB is already strengthening.

 

[HighGround]

Are days off in China still fixed to the major holidays instead of flexible time off like in the US? If so, I think flexible time off might be a great way to increase consumption because many travel destinations can get a steady year-long flow of customers.

Can you explain this to me?

Do you get to take time off whenever you want?

 

[sunnymaxi]

Hong Kong economy grows 3.5% in 2025, beating earlier forecasts​

Hong Kong’s

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expanded by 3.5 per cent in 2025, marking the city’s third consecutive year of growth and surpassing an earlier forecast of 3.2 per cent, with “good momentum” expected to continue in 2026.

Advance estimates released by the Census and Statistics Department on Friday also showed gross domestic product (GDP) in the fourth quarter increased by 3.8 per cent from a year earlier.

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[victoon]

Can you explain this to me?

Do you get to take time off whenever you want?

In most of the companies that I have worked for in the US, yes. 15 days per year, any days. + national holidays.

All companies obviously require prior notification, but one company did require prior approval, which has always been granted. But I know some roles are slightly less flexible due to active sprints/product release cycles (that employees typically work around in their vacation planning), etc.

 

[HighGround]

In most of the companies that I have worked for in the US, yes. 15 days per year, any days. + national holidays.

All companies obviously require prior notification, but one company did require prior approval, which has always been granted. But I know some roles are slightly less flexible due to active sprints/product release cycles (that employees typically work around in their vacation planning), etc.

Well I was asking about China. I'm from USA, so yes, I can take 2-4 weeks of paid time off per year basically anytime I want, as long as I give them the dates ahead of time.

I was wondering what this situation is like in China.

 

[abenomics12345]

Well I was asking about China. I'm from USA, so yes, I can take 2-4 weeks of paid time off per year basically anytime I want, as long as I give them the dates ahead of time.

I was wondering what this situation is like in China.

Depends, I know people who have 25 days of vacation that they can take off (and works in a company where corporate culture permits this). I also know people who have 5 days of 'leave' that they can take off (but works in a company where corporate culture frowns upon taking personal vacation outside of statutory holidays).

The latter is more prevalent than the former.

 

[victoon]

Depends, I know people who have 25 days of vacation that they can take off (and works in a company where corporate culture permits this). I also know people who have 5 days of 'leave' that they can take off (but works in a company where corporate culture frowns upon taking personal vacation outside of statutory holidays).

The latter is more prevalent than the former.

Maybe a cultural shift to truly flexible vacation days, maybe nudged by law, is a great way to improve the quality of life, consumption, and even birthrate.

 

[HighGround]

Depends, I know people who have 25 days of vacation that they can take off (and works in a company where corporate culture permits this). I also know people who have 5 days of 'leave' that they can take off (but works in a company where corporate culture frowns upon taking personal vacation outside of statutory holidays).

The latter is more prevalent than the former.

I totally forgot that China has a workaholic work culture.