South China Morning Post - Global Economy

The United States’ reported plan to ban foreign-made inverters – a move likely aimed at curbing reliance on China – would be difficult to implement and harmful to local industry, Chinese industry insiders have warned. Washington is working on a plan to ban foreign inverters – a vital component used in renewable power systems – over national security concerns, Reuters reported on...

China is trying to “infiltrate” the US-Mexico-Canada trade agreement via Mexican automotive investments, a US manufacturing trade group said, as Washington indicated it would not renew the agreement that comes up for review this month. However, analysts cautioned that full decoupling from China’s automotive industry remains difficult, given North America’s continued dependence o...

Beijing has downplayed reports that the World Bank will phase out lending to China by 2031, with the Ministry of Finance noting that the nation’s advancing economy and changing development needs were shifting cooperation away from financing and towards knowledge sharing. “This is the natural result of changing domestic needs and the transformation of bilateral cooperation,” the ...

Europe’s push to reduce its dependence on China is driving many of its companies deeper into Chinese supply chains, according to the head of the European Union Chamber of Commerce in China. “Europe is becoming more dependent on China, not less,” chamber president Jens Eskelund said, adding that for European firms, staying competitive increasingly meant embedding themselves more ...

The global order has lost the structural anchors that once ensured stability, entering a volatile period of economic conflict with “no obvious solutions”, the head of a prominent French economic think tank has cautioned. Reindustrialising “is far more difficult than it was 30 years ago”, said Jean-Herve Lorenzi, president of Le Cercle des economistes, which organises France’s fl...