IMF Upgrades China Growth Forecast, Urges Less Focus on Exports
IMF 上调中国增长预期，敦促减少对出口的依赖
2025-12-12
| The International Monetary Fund upgraded its growth forecast for China this year to 5 percent, on par with the government's target, and its estimate for next year to 4.5 percent. The fund's managing director said China needs to "accelerate" its shift from exports to domestic consumption as an engine of growth. Speaking in Beijing, Kristalina Georgieva said too much reliance on exports risks retaliation from countries that suffer big trade deficits with China, which has amassed a US$1 trillion trade surplus so far this year. She also said the IMF estimates that China would have to spend about 5 percent of its gross domestic product over the next years to resolve the four-year slump in its property sector, suggesting that "zombie firms" in the industry be allowed to fail.
The Chinese government this year has adopted an array of policies to boost domestic consumer spending and home sales. In a readout from Xinhua news agency, Chinese leaders attending the annual Central Economic Work Conference in Beijing this week pledged to stimulate consumption in the 15th Five-Year Plan (2026-30). |
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| 来源: Shanghai Daily |
甲骨文的 AI 支出计划令投资者不安
2025-12-12
| US technology giant Oracle has touched off a new wave of concerns that investment in AI companies is running too far ahead of the technology's short-term returns. The company reported disappointing quarterly revenue on Wednesday but said capital spending on artificial intelligence will be US$15 billion higher than the earlier announced US$35 billion. The combination of factors fueled concerns that huge outlays on AI by the tech industry aren't showing up on the bottom line. Oracle has grand plans to build AI cloud data centers; how it will raise the money for that infrastructure is uncertain. Oracle shares dropped about 10 percent each of the last two trading days on New York's tech-heavy Nasdaq index. The Nasdaq fell 0.3 percent on Thursday as investors fled AI companies to the broader market, sending the Dow Jones Average to a record high. | |
| 来源: Shanghai Daily |
泡泡玛特任命 LVMH 高管加入董事会
2025-12-12
| Pop Mart has appointed Wu Yue, longtime president of LVMH China, as a non-executive director in a major board reshuffle aimed at strengthening its position amid mounting market pressures. Wu, 69, replaces He Yu, a partner at Black Ant Capital, who resigned due to "other work arrangements." The appointment comes as Pop Mart faces growing concerns over slowing sales momentum. The company's share price has fallen over 40 percent from its record high in August amid an oversupply of its popular Labubu dolls and concerns that the frenzied trend to buy them is on the wane. | |
| 来源: Shanghai Daily |
美国在委内瑞拉近海扣押一艘油轮
2025-12-11
| US forces seized an oil tanker off the coast of Venezuela, aggravating relations between Washington and Caracas and sending oil prices higher. US President Donald Trump, who is seeking to force Venezuelan President Nicolas Maduro out of office, has been building up a big US military presence in the Caribbean. Since September, US forces have carried out strikes against 20 alleged drug-trafficking vessels, killing more than 80. Venezuela, a member of OPEC, exported more than 900,000 barrels of oil per day in November, with most of its production shipped to China. In late New York trading, benchmark Brent crude oil contracts rose 1.2 percent to US$62.67. | |
| 来源: Shanghai Daily |
比亚迪继续称霸中国电动车市场
2025-12-11
| Chinese electric carmaker BYD retained its commanding lead in new energy vehicle sales in China in November, despite a monthly decline. According to the China Passenger Car Association, BYD sold 306,561 vehicle last month, down 26.5 percent from a year earlier but up 3.6 percent from October. The company held a 23 percent market share. Geely ranked second with 172,169 retail car sales, a 42 percent increase, giving it a 13 percent market share. SAIC-GM-Wuling followed with 96,194 units and 7.3 percent of the market, while Huawei-backed Harmony Intelligent Mobility Alliance placed fourth with 81,864 vehicles, up 6.2 percent.
Tesla China, which operates a mega-factory in Shanghai, took a 5.5 percent market share with delivery of 73,145 vehicles in the month. The 181 percent surge from October was driven by adjusted delivery schedules, introduction of a longer, family version of the Model Y, and domestic promotional incentives. |
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| 来源: Shanghai Daily |
美联储降息 0.25 个百分点
2025-12-11
| The US Federal Reserve, as expected, cut its key interest rate by a quarter of a percentage point to a range of 3.5 percent-3.75 percent. In remarks to the press, Fed Chairman Jerome Powell said inflation remains above the central bank's 2 percent target largely because Trump import tariffs are pushing up prices, and he also indicated the Fed's third rate cut this year is enough "for now." Hong Kong monetary officials will lower the city's rates by a quarter point today because the Hong Kong dollar is linked to the US dollar. | |
| 来源: Shanghai Daily |
泰柬边境冲突加剧
2025-12-10
| Fighting along the disputed Thai-Cambodian border intensified on Tuesday, derailing a ceasefire agreement reached in October. Up to 12 deaths and scores of injuries have been reported, and thousands of people living along the border have been evacuated. Each side blames the other for the renewed attacks. The two neighbors are disputing a century-old border line drawn up originally by the French. | |
| 来源: Shanghai Daily |
澳大利亚社交媒体年龄限制开始实施
2025-12-10
| Australian children under 16 years of age lose access to 10 social media platforms, including TikTok, X and Facebook, today as the world's first ban of its kind comes into effect. The Australian government enacted the ban amid fears that many young people are being hurt by a cesspool of harmful online content laxly controlled by big tech companies. The onus is on social media platforms to vet users for age or face steep fines. Australian Prime Minister Anthony Albanese likened the social media age restriction to the legal drinking age. "Our society recognizes the benefits to the individual and the community of such an approach," he said. "The fact that teenagers occasionally find a way to have a drink doesn't diminish the value of having a clear national standard." Other countries are closely watching the Australian experiment to see if such a deeply embedded lifestyle trend can really be controlled. | |
| 来源: Shanghai Daily |
腾讯退出华纳兄弟收购战中的财务角色
2025-12-10
| Chinese social media and gaming giant Tencent pulled out of a financing group for the proposed takeover of Warner Bros Discovery by Paramount Skydance, amid concerns that involvement of a Chinese company could trigger unwanted US regulatory scrutiny, the South China Morning Post reported. Tencent had pledged US$1 billion to Paramount's US$108.4 billion hostile cash offer, launched this week to rival the US$72 billion equity bid from Netflix. Financing for the Paramount bid includes Trump's son-in-law Jared Kushner's Affinity investment firm and Saudi and Qatari sovereign wealth funds. | |
| 来源: Shanghai Daily |
中国政治局释放 2026 年经济刺激信号
2025-12-09
| China's top leadership, meeting to discuss the 2026 path forward for the economy, signaled that stimulating domestic demand will continue to be a top priority, along with cultivating development of advanced science and technology. The Politburo of the Communist Party meeting on Monday traditionally sets the tone for the annual Central Economic Work Conference, scheduled next week, where growth targets, the budget and policy priorities for the next year are refined. "Progress while maintaining stability," is the prescription for growth, according to a readout from Xinhua news agency. China's policy deliberations come during a time of upheaval in the global trading environment, largely roiled by a US president bent on upending the traditional global trading system. The readout described the international economy and trading atmosphere as "a struggle." The Politburo meeting also signaled China's intention to open its markets wider to foreign investment and to keep its monetary policy "moderately loose". China's huge domestic market has been a bulwark in powering the economy amid headwinds from abroad. US investment bank Goldman Sachs is forecasting that Beijing will keep the 2026 growth target unchanged from 2025 at about 5 percent. | |
| 来源: Shanghai Daily |
