China turns to Global South ahead of Trump tariffs, India needs to be wary

China has been very conservative in its fiscal policy, and has strictly followed an informal limit of 3 per cent of gross domestic product (GDP) on fiscal deficits

China’s annual Central Economic Work Conference (CEWC), usually held at the end of each year, is eagerly awaited as it indicates how the Chinese leadership is assessing the country’s economic performance over the past year and how it proposes to meet the challenges that lie ahead.

 

This year, the CEWC met on December 11 and 12 under the shadow of the incoming Trump administration in the US. It was preceded by a meeting of the Politburo of the Central Committee of the Chinese Communist Party, which decided on the message to convey regarding the health of the economy and the