Patricia Kim is a Senior Fellow at the Brookings Institution. She has a joint appointment to the John L. Thornton China Center and the Center for Asia Policy Studies. This essay is adapted from her forthcoming book, No Constraints: China’s Global Quest for Partners and Influence.
Huang Yiping, dean of Peking University's National School of Development and adviser to China's central bank, said the rest of the world's economies are struggling to adapt to shifts in the global economy. Huang was speaking at the World Economic Forum’s annual meeting in Dalian.
I will be in Dalian on June 23-25 for the World Economic Forum’s Annual Meeting of the New Champions. I will be giving a presentation on “A World Out of Balance” at 10:00 local time. In 2025, Chinese residents sold about $4.5 trillion in goods and services to people in the rest of the world, but spent just $3.4 trillion on products produced outside of China. So far in 2026, China's trade surplus is 40% larger than the 2022-2024 average for January-April. Surging Chinese exports crowd out sales by non-Chinese producers both in their home markets and in third countries.
The leaders of all 27 EU states called on the European Commission to expand the bloc's trade defence toolbox against China's overcapacity. Measures under discussion include sector-wide tariffs and other restrictions in industries such as chemicals and green technology. Europe is considering instruments that resemble Washington's Section 301 tariffs.
Purbaya Yudhi Sadewa returned from Beijing with a multibillion-dollar funding commitment and political backing for the debut yuan-denominated sovereign bond from Indonesia. Purbaya was in Beijing to shore up confidence ahead of next month’s planned panda bond sale.
This week, the results of China’s National Higher Education Entrance Examination, or gaokao, will be released. Within days, candidates will submit their prioritised preferences for universities and majors. The number of spaces offered by faculties each year is set by the state and shaped by two concurrent processes.
Shinjiro Koizumi questioned the accuracy of China’s official military spending figures in his first interview with foreign media as defence chief on June 17. His comments came on the heels of his remarks at last month's Shangri-La Dialogue in Singapore, where he challenged Beijing's accusations of Tokyo's "new militarism". Beijing accused Tokyo of spreading "baseless" claims.
Beijing's crackdown on cross-border securities trading could strengthen Hong Kong's financial role, according to Enodo Economics founder Diana Choyleva. Three brokerages were penalised last month for illegally granting domestic investors access to overseas securities trading. The action fuelled concerns regarding capital controls and the future of Hong Kong’s role as a wealth hub.
Premier Li Qiang visited a state-owned shipbuilding and nuclear power firm in Dalian, Liaoning province. He urged them to focus on high-end equipment manufacturing and bolster the nation's core industrial competitiveness. Shipbuilding has emerged as a key focal point in the geopolitical rivalry between Beijing and Washington. Washington sees China’s commercial shipyards as a strategic dual-use threat.