Highlights of this Month’s Edition:
- Bilateral trade: The U.S. goods deficit with China continued to slow in July as growth in U.S. imports from China declined.
- Bilateral policy issues: China hopes the G20 meeting focuses on maintaining economic growth and mobilizing funding for climate change and environmentally friendly growth.
- Policy trends in China’s economy: The IMF warns of China’s rising debt levels in a new report; State Council approves plans for a Shenzhen-Hong Kong Stock Connect; China launches a $30 billion government-backed venture capital fund for industrial technology and pilots a limited program to allow SOE employees to own stocks.
- Sector focus – Chinese distant water fishing: China’s distant water fishing fleet propped up by government subsidies that encourage excess capacity and overfishing, harming biodiversity.