Hangzhou’s “six little dragons” have become part of the national public discourse, granting the city a new reputation as a tech haven.
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The GDP target is unchanged from last year, while the projected aggregate deficit will be 10% of GDP, the largest since 2020.
China has announced multiple retaliatory measures in response to the US’s latest 10-ppt tariff hike on Chinese goods.
Changes in the US-China trade portfolio between 2017 and 2024 highlight the shifting of some US supply chains away from China.
Trump has outlined his vision for US-China investment decoupling in a recent policy memo.
Most of China’s provinces set 2025 GDP growth targets at 5% or above, suggesting that the national target will remain at “around 5%”.
Chen Long and He Shujing discuss the rapid rise of DeepSeek and its implications for the capital markets, as well as Xi’s symposium with entrepreneurs.
Chinese leaders held the most high-profile meeting with private businessmen since 2018 to show support for the private sector.
Recent developments suggest that engagement is not a current priority for either side, reducing the chance of a Xi-Trump summit in the next few weeks.
China’s central government has been begun swapping out its internal IT systems for homegrown alternatives.