Miscellaneous News

Xi Mulls New Made-in-China Plan Despite US Call to Rebalance​

President Xi Jinping’s government is considering a new version of its master plan to boost production of high-end technological goods, according to people familiar with the matter, signaling its intention to keep a firm grip on manufacturing as President Donald Trump looks to bring more factories back to the US.

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In Attacks on Harvard, Chinese See Yet Another Reason to Write Off the U.S.​

Beyond the shock for students, President Trump’s moves against higher education are being seen in China as a blow to one of the last admirable American institutions.

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supercat said:

Shush! Don't tell this to the US regime: there will be a "Made in China 2035".

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siegecrossbow said:

Good lord…

Spoiler: Graphic gun violence

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Days after inauguration, Worli Aqua Line underground metro station floods as rains batter Mumbai​

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Randomuser said:

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OK. Now for some actual news.

You might be hearing Jai Hinds boasting they are now a supapowah coz the Indian GDP will be sonn fourth that surpasses Japan.

Before I even talk about the fact it has 1.4B people competing against nations less than 1/10 the size, lets talk about something else.

China became the 4th largest economy in 2005/2006. A few years before the 2008 olympics. Do you remember anyone proclaiming China was a superpower back then? If not, then what makes India any different?

Now when we look at per capita national income, India is worse than sub sahara Africa after removing the top 10% who hold the huge chunk of wealth.

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India on track to overtake Japan in 2025, but not yet no. 4: IMF data

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GulfLander said:

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Worli Aqua Line​

China’s industrial profits rise 3% in April after output beat estimates despite U.S. tariffs​

China’s industrial profits rose for a second straight month in April, official data showed Tuesday, despite prohibitive U.S. tariffs and persistent deflationary pressures.

Cumulative profits at major industrial firms climbed 3% in April after returning to growth in the first quarter of this year, rising 0.8% from a year earlier, reversing the trend of declines since the third quarter of last year.

In the first four months this year, industrial profits rose 1.4%, year on year, the data showed.

U.S. President Donald Trump slapped eye-watering tariffs of 145% on imports from China last month, drawing Beijing to retaliate, effectively amounting to a mutual trade embargo between the world’s two largest economies.

Both sides agreed to lower most of those levies earlier this month, following a trade truce struck during a meeting between the Trump administration and Chinese leadership in Geneva, Switzerland.

U.S. tariffs on goods imported from China have fallen to 51.1% while China’s levies on U.S. imports stand at 32.6%, according to think tank Peterson Institute for International Economics.

China’s manufacturing activity fell more than expected to a 16-month low in April, with the official purchasing managers’ index coming in at 49.0, sliding into contractionary territory for the first time this year.

Retail sales growth slowed to 5.1% from a year earlier while industrial output expanded 6.1% on year, underscoring the persisting supply-demand imbalance in the economy.

Exports to the U.S. plunged over 21% from a year earlier as the triple-digit tariffs kicked in, while overall exports surged 8.1% on the back of a jump in shipments to Southeast Asian nations.

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