Latest news with #KeyuJin
Bloomberg
28-05-2025
- Business
- Bloomberg
China's Policy Rebalancing Toward Consumption, Keyu Jin Says
By Updated on Save China can boost production of high-end technological goods without undermining its push to lift domestic consumption, economist Keyu Jin said. The scholar argued that the Asian nation can advance both goals 'in parallel' in response to a question about Beijing's potential adoption of a new industrial blueprint. Talks about that proposal, reported by Bloomberg News this week, signal Chinese policymakers intend to keep a firm grip on manufacturing as President Donald Trump looks to bring more factories back to the US.
Bloomberg
28-05-2025
- Business
- Bloomberg
China Tech Ambitions Won't Hurt Consumption Pivot, Keyu Jin Says
China can boost production of high-end technological goods without undermining its push to lift domestic consumption, economist Keyu Jin said. The scholar argued that the Asian nation can advance both goals 'in parallel' in response to a question about Beijing's potential adoption of a new industrial blueprint. Talks about that proposal, reported by Bloomberg News this week, signal Chinese policymakers intend to keep a firm grip on manufacturing as President Donald Trump looks to bring more factories back to the US.
CNBC
27-05-2025
- Business
- CNBC
China's under-consumption is a structural issue, but I'm very positive on the spending potential of the youth: Keyu Jin
Keyu Jin of the London School of Economics says that China needs to increase the contribution of the services sector to 80% of GDP from the current 50% level, and that when looking at the spending habits of the Chinese youth, we need to separate their general propensity to spend from the cyclical component of an ongoing economic downturn.
CNBC
27-05-2025
- Business
- CNBC
Trump should be given an award for helping the world accelerate reforms and trade diversification: Keyu Jin
Keyu Jin of the London School of Economics says that Trump has given the Chinese people the needed "drive and a goal" to address the existential choke points in China's economy as well as strengthen ties with other countries, and that when it comes to the trend of de-dollarization, "leverage has a half-life" so the more he uses the dollar to punish other countries, the more he accelerates the process.
New York Times
04-03-2025
- Business
- New York Times
Companies in Europe Face Squeeze in U.S.-China Trade War
Europe was not directly targeted in the wave of U.S. tariffs that took effect on Tuesday, but the effects are being felt here. Keyu Jin, a professor at the London School of Economics, said that tit-for-tat tariffs would not necessarily lead to less global trade, but a 'fragmentation and regionalism' that forges new blocs aiming to be 'nonaligned' in the intensifying trade war between the United States, its neighbors and China. She was speaking on a panel Tuesday in Barcelona at one of the world's biggest tech trade shows, which runs this week. The annual event, known as Mobile World Congress, attracts more than 100,000 people for product pitches, fund-raising appeals and debates about the future of technology. The fresh U.S. tariffs on Canada, China and Mexico — the three largest U.S. trading partners and crucial cogs in many supply chains — were a common topic of conversation around the sprawling expo center. European companies are heavily represented at the event, and some executives tried to frame the rising trade tensions as an opportunity for Europe, whose sizable population and economy has often been held back by slow growth and a lack of competitiveness. The recent mobilization of European leaders to step up military support of Ukraine was cited as an example of deeper European integration that in the past has tended to fizzle out. But the suspension of U.S. aid and the urgency of Ukraine's plight — Prime Minister Kier Starmer of Britain recently described it as 'a crossroads in history' — could spur greater continental cooperation, executives said. Investors have piled into stocks of European defense companies that stand to benefit from stepped-up military spending. And European markets, in general, have outperformed U.S. stocks in recent weeks, even after slipping on Tuesday after the U.S. tariffs went into effect and some targeted countries retaliated. Some of the tech execs in Barcelona say this is not a coincidence: Companies with Europe-focused operations and supply chains may be seen by global investors as a sort of geopolitical hedge against the tariffs and trade tensions arising from the United States. Take, for example, the stock market index tracking European telecoms, long seen as a somewhat sleepy backwater, which is up about 12 percent this year alone. But this thesis will be tested soon, when President Trump plans to widen the scope of tariffs to cover all U.S. imports of steel, aluminum, copper and cars, as well as 'reciprocal' tariffs against countries to address what he calls 'unfair' relationships and to compel companies to move manufacturing to the United States.
