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China's Fiscal Deficit Has Significant Potential for Increase According to Xinhua
China has significant capacity to increase its fiscal deficit, according to a report by Xinhua. This suggests potential for enhanced government spending to stimulate the economy amid ongoing challenges. The implications of this could affect both domestic and international economic dynamics.
biden and xi discuss future us china relations amid trumps election victory
Biden's final meeting with Xi Jinping resulted in agreements on AI and nuclear issues, contrasting with Trump's anticipated hawkish stance towards China, including potential tariffs and appointments of critics of Beijing. Xi cautioned against harmful competition, emphasizing the need for stable U.S.-China relations. National security adviser Jake Sullivan noted Biden's focus on ensuring a smooth transition to the incoming administration while maintaining communication and cooperation.
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