Strong sales at China’s biggest construction equipment maker show Beijing’s strategy for recovery after the virus. But while the company, XCMG, is prospering, the rest of the economy is struggling.
Author: KEITH BRADSHER
China’s Economy Rebounds From Coronavirus, but Shares Fall
Heavy spending on roads and rail lines reversed the economy’s outbreak-induced nose-dive in February and March. But retail sales stayed weak, alarming investors.
China Imposes Tit-for-Tat Sanctions on Three American Lawmakers
The sanctions, which target Republican members of Congress, were in retaliation for the Trump administration’s bans on Chinese officials accused of human rights abuses.
China Hails Its Virus Triumphs, and Glosses Over Its Mistakes
Trying to win a propaganda tug of war, Beijing staunchly defended its actions, saying it didn’t hide the emergence of the outbreak.
Hong Kong Security Plan Is Approved, Tightening China’s Hold
Beijing ordered that a new law be written to extend many of mainland China’s security practices to Hong Kong, creating broad powers to quash unrest.
China Sets Date for Congress, Signaling Coronavirus Is Under Control
The Communist Party is eager to use its most important political spectacle to project confidence in the face of economic challenges and foreign criticism.
China Delays Mask and Ventilator Exports After Quality Complaints
Chinese customs officials, facing accusations from Europe that some medical supplies have been defective, say they will inspect every shipment.
While the World Spends on Coronavirus Bailouts, China Holds Back
Beijing has tried to protect jobs and spur lending, but it may have to do more to get its huge, damaged and incredibly complex economy going again.
To Slow Virus, China Bars Entry by Almost All Foreigners
Beijing halted most international flights, making it hard for citizens to return. And it blocked even foreigners with Chinese residency or visas from entering.
Coronavirus Could End China’s Decades-Long Economic Growth Streak
The weakness raises the possibility that the Chinese economy may have shrunk in the first quarter of this year. It would be the first contraction since 1976.