China's Green Shoots
BW Businessworld|May 18, 2024
IS THE WORST OVER for the Chinese economy? Some economists think it is. Others disagree. The optimists point to higher than expected GDP growth of 5.3 per cent in the January-March 2024 quarter. Manufacturing activity has meanwhile moved into positive territory with the purchasing managers’ index (PMI) recording 50.8 for March 2024. That’s the first time in seven months that the manufacturing PMI has gone above 50, a reading which separates expansion from contraction.
Minhaz Merchant
China's Green Shoots

Not all is rosy though. Trade volumes remain subdued. Foreign direct investment (FDI) plunged 26 per cent in January-March 2024 over the year-ago quarter. The real estate sector remains embroiled in crisis. Foreign investors have been unnerved by Chinese President Xi Jinping’s crackdown on global companies.

Till a few years ago Apple manufactured nearly 95 per cent of its iPhones in China. That has fallen to 75 per cent and is set to reduce to 65 per cent by 2026. India now accounts for manufacturing over 12 per cent of all iPhones. That figure is expected to rise as high as 25 per cent in the next three years. Tesla’s decision to start manufacturing electric vehicles (EVs) in India will broaden the EV market in the country where Tata has taken an early lead.

China’s problems are largely man-made. Xi’s pivot to state capitalism from private capitalism has unnerved both foreign investors and local Chines businesses. They know what befell Jack Ma, the founder of Alibaba, when he criticised China’s economic policies.

Real estate, however, remains China’s most intractable worry. According to Goldman Sachs, private developers face a financing shortfall of $553 billion. The rest of the Chinese economy though is showing signs of mild recovery. Exports are up. Factory investment grew 10 per cent in January and February 2024 while manufacturing in computers and electronics was up by 15 per cent for calendar 2023.

هذه القصة مأخوذة من طبعة May 18, 2024 من BW Businessworld.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 18, 2024 من BW Businessworld.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BW BUSINESSWORLD مشاهدة الكل
Gauging Trumponomics For India
BW Businessworld

Gauging Trumponomics For India

Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0

time-read
2 mins  |
November 16, 2024
Reflections on Consciousness and Creation
BW Businessworld

Reflections on Consciousness and Creation

Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind

time-read
2 mins  |
November 16, 2024
MORE TAKE TO DRIVING IN STYLE
BW Businessworld

MORE TAKE TO DRIVING IN STYLE

High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure

time-read
4 mins  |
November 16, 2024
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
BW Businessworld

India's Growing Affinity for Swiss Watches: A Luxury on the Rise

NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.

time-read
2 mins  |
November 16, 2024
An ENRiching Outlook
BW Businessworld

An ENRiching Outlook

KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence

time-read
2 mins  |
November 16, 2024
Paving the Path to a Sustainable Future
BW Businessworld

Paving the Path to a Sustainable Future

Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees

time-read
2 mins  |
November 16, 2024
LEADERSHIP TRANSITION AT XIAOMI INDIA
BW Businessworld

LEADERSHIP TRANSITION AT XIAOMI INDIA

Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus

time-read
3 mins  |
November 16, 2024
WEAVING SUSTAINABILITY
BW Businessworld

WEAVING SUSTAINABILITY

Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain

time-read
1 min  |
November 16, 2024
FORCE FOR GOOD
BW Businessworld

FORCE FOR GOOD

FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives

time-read
1 min  |
November 16, 2024
REIMAGINING TOMORROW
BW Businessworld

REIMAGINING TOMORROW

For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders

time-read
1 min  |
November 16, 2024