Global Scans · China · Weekly Summary

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WHAT'S NEXT?: Any disruption in economic activity between China and the United States will necessarily affect other Asian and world economies. How China handles Donald Trump's administration, its relationship with Russia and develops its leadership ambitions will be key areas to watch intently in the coming years.

• More likely, Chinese firms will quickly move to open-access learning models or buy algorithms from top AI companies from around the world. The Diplomat
• More than half of global growth will be concentrated in China, the US, India, and Indonesia over the next 5 years. Luxembourg - EN - Institutional
• Currently China boasts around 99% of LFP capacity, and in a world that retains that status quo, it will likely procure most of its supplies from local producers. NT News
• Policy support for investment is likely to be offset by slowing consumption growth and ongoing property sector weakness, leading to slower growth in the Chinese economy in 2024 and 2025. Reserve Bank of Australia
• Supply chain restructuring - India, Europe and North America rank ahead of China as destinations executives expect to move production to in 2024 and onwards. Agility Logistics
• Growth in China is expected to slow over the next two years as the rebound in services consumption fades and the property sector remains weak. Reserve Bank of Australia
• A second risk of anchoring democracy policy in countering China and Russia is that, as we have argued elsewhere, much of the recent global democratic backsliding has little to do with China and Russia. Carnegie Endowment for International Peace
• In contrast to Europe, the Chinese government is sticking to the sale of cars with combustion engines beyond 2035. The Limited Times
• The EU has taken a tougher line on Beijing in recent years, seeking to de-risk its economy from China, as part of its efforts to ramp up domestic production. Tech Xplore
• The German Government will earmark approximately €1bn ($1.1bn) for investment into raw materials to help reduce its dependency on China. Mining Technology
• The International Monetary Fund has stated that China will be the largest driver of global economic growth in the next five years, and one percentage point increase in gross domestic product growth in China leads to 0.3 percentage point increase in growth in other economies. Ghana News Agency
• An avalanche of cheap minerals originating from Chinese producers is thwarting Western governments' hopes of fighting back against China's dominance over the electric vehicle supply chain. The Wire China
• German companies overwhelmingly have faith in the long-term health of China's economy, with 90% stating they believe its economy will recover in five years. China Briefing News
• Chinese consumer's spending on personal luxury goods surpassed pre-pandemic levels by the end of 2022 and has continued to grow year-on-year to reach US$ 59 billion by 2023, with its personal luxury goods spending forecasted to reach $88 billion by 2028. Luxurious Magazine
• Not only the United States but China has made trillions of dollars of investment in AI under its Made in China 2025 plan which aims at integrating AI into 10 key industries including IT, robotics, eco-friendly automotive, and aerospace equipment, etc. by 2025. Eurasia Review
• China, facing an even bigger shortfall, could take all the growth of Pakistan and all that of Nigeria - Africa's most populous country - and still be 2 million short of where it stands now. The Automatic Earth
• US Air Force bombers working in conjunction with U.S. Navy submarines could decimate a Chinese invasion fleet and save Taiwan. The Telegraph
• Executives in China showed the greatest preference for risk tolerance as a leadership value amidst ongoing economic and technological headwinds. Human Resources Online
• Executives in China showed the greatest preference for risk tolerance as a leadership value, while ASEAN respondents expected collaboration, trust-building and open ways of working. Human Resources Online
• The dangers of China's dominance of the supply chain of graphite and anode materials was highlighted late last year when, in a tit-for-tat cold trade war the Chinese Government announced export restrictions on graphite products commonly used in lithium-ion batteries. Stockhead
• While demand is expected to remain more or less stable - notwithstanding a surprise raft of data from China suggesting a shock recovery - Magnum stands positioned as one of the more affordable stocks exposed to the US iron ore space. The Market Herald
• Peace is harder to achieve, with at least two ongoing wars and threats of military action by North Korea and China. CI Global Asset Management
• A KMT victory could lead to complicated dynamics in the U.S.-Taiwan relationship if Taiwan seeks to rebuild economic and diplomatic connectivity with China while U.S.-China tensions remain high. United States Institute of Peace

Last updated: 09 February 2024