The Heat: China's economic recovery

Six months after the World Health Organization declared COVID-19 a global pandemic, China’s economy is showing signs of recovery.

Exports rose more than 9% in August compared with last year, and despite tariffs imposed by the Trump administration, exports to the U.S. increased by 27%. China also saw trade growth with the European Union, Japan and some Southeast Asia nations.  This week, Beijing welcomed more than two-thousand domestic and foreign companies to showcase their latest projects and services at the 2020 China International Fair for Trade and Services. During the conference, President Xi Jinping pledged China would continue to open up its market and promote global trade.

Joining the panel:

Einar Tangen is a political and economic affairs commentator.
Yan Liang is an associate professor of Economics at Willamette University.
Thomas Hayes is the chairman and managing member of Great Hill Capital.
Jeff Moon is an international trade and government affairs consultant.

Watch CGTN LIVE on your computer, tablet or mobile

Subscribe to CGTN America on YouTube

Follow CGTN America:
Twitter: @cgtnamerica
Facebook: @cgtnamerica
Instagram: @cgtnamerica
TikTok: @cgtnamerica

[RB-plpg]

The Chinese guests forgot to mention as to why china is also hesitant about opening up on certain things. It is due to the lack of trust by US companies because of the US government keeps misbehaving and interfering with these US companies to do some spying for them. Google was in china but Google kept violating Chinese rules and kept doing what they want. So google had a hissy fit and went to Hong Kong. They didn't talk about the misbehavior of US companies. They need to obey chinas rules if they are going to be there.

[thndrngest]

Great informative program. Decrease in imports were contributed by the western reduction capacities and relentless politicized and immorally scapegoating China of this virus. In the long run, Chinese consumers are more mature and reduce consumption of these bad foreign goods, very good lesson here.

[pamelabeauty]

*I'm so happy trading with Mrs Mary she's different from other trader's. I always made withdrawal of $20, 000 every week of trade, God bless you.*

[zeppy]

Chin—aa is finished.Poo Bear is an endangered species.

[TOMAS-lher]

The 200 companies that CCP channels like CGTN keep talking about, also said at the same time that instead of the US they would move to countries like Vietnam or India, Mexico. ect: in fact almost 100 of those companies are moving to those other countries, and not To the US . just wanted to clear up the impression that none were leaving China, Some are .

[naimulhaq]

You cannot intimidate China, like Japan, which recoiled under pressure.

[whatisit]

Bicycle shortage? That may be the case for cheap bikes. My new bicycle by Ridley is from Taiwan and so glad it was not from china.

[TOMAS-lher]

What are the items most exported to the US ? IE: cars ? PPE? Phones ?

[kathri]

For both countries and for the world, this inexorable consumption based economy with dwindling resources spells doom for the future generations in the long term.
Both will do well to concentrate on their own people's welfare.
China has a golden opportunity as an older civilisation to lead in a way in values, to show the world to live in harmony with minimal resource consumption and concentrate on inner happiness of the spirit on ancient Dao/ Taoist / Confucian principles. This will be a true change, as a model for the world.
Letting the pros of old greed in to distroy it's society and create chaos will be China's doom.

[michaelmarchal]

Doesn't look like America going to have a better 2021

[jinsoonchin]

The inport shrunk by 10% may be due to restrictions of international travelling.

[beezibee]

Trump's bashing of China may prove counter productive.

[gulitzt]

oh i wondered. The more trump spoke the less america makes.

[QuietJugung]

NY looks dark compared to Chongqing or Shenzhen.

[authorofmyownthoughts]

DAT ta dada !! Today is burn your MASK!! day!

[dendarius]

Strange both the Chinese and the US economy are Are running deficits. The US economy is running on borrowing money and printing money to buy stocks and eft. The Chinese used deficits to build apartments few people live in. They have banks in default and more troubling seniors will number 450 million. That alone will force their economy to change. US has a serious pension problem they too will have to change.

[天下大同-pu]

exports to the US increased by 27 percent, did not see that coming, interesting

[famaii]

For every dollar invested in Infrastructure (C grade to B grade) there is a 3 dollar to 4 dollar return. The return for investment in Space Age Grade 1 (AA+ Grade) the return averages 4.5. Thusly invest in Space Age Grade infrastructure to herald in the 4th Industrial Revolution.

[michaelleong]

what level playing ground are they talking about. China is like a teenager amateur playing with the professional big boys of USA and Europe.

[evolvedanimeisland]

Thankfully most important supply chain will shift to the remainder to central and south 9.5 % export what's the break down?