October 16 Changes the Microchip Game - and Investing

George Gilder-dubbed "America's #1 Futurist"-says while everyone's chasing AI, the real opportunity is in a 4-nanometer tech millions of times more complex. It's not another chip - it replaces them. Now built in Arizona, Gilder says 3 companies tied to this "super-convergence" could soar.

China is ending its annual Congress with questions open over how to revive its slowing economy

KEN MORITSUGU and SIMINA MISTREANU
March 11, 2025

BEIJING (AP) -- China is wrapping up its biggest political event of the year on Tuesday leaving one question unanswered: How far will it go to try to revive economic growth in 2025?

A recurring theme throughout the weeklong meeting of the nearly 3,000-member National People's Congress was the need to boost investment and consumer spending.

How much will be done to translate words into action will only become clear in the months ahead as the ruling Communist Party juggles priorities. What is clear is that a trade war with the United States has left the outlook for the coming months uncertain.

At stake is the health of the world's second largest economy, a major exporter of products to countries around the world and an important market for foreign companies from Apple to Volkswagen. A prolonged property crisis has sapped consumer and business confidence, depriving the economy of its past vitality. Now, a tariff war unleashed by U.S. President Donald Trump is compounding those problems.

China holds back on major stimulus -- for now

The Congress opened with the announcement of an economic growth target of "about 5%" for this year, a level that analysts said would be difficult to achieve with the measures detailed during this year's Congress.

They include borrowing more money for a slew of initiatives, such as giving 300 billion yuan ($41.3 billion) in rebates to consumers who trade-in old cars and appliances for new ones. But much of the borrowing will go to supporting the housing market and local governments weighed down by debt.

"It is unclear how much of a jolt this budget will provide to underlying domestic demand and reflation efforts, despite the sizeable rise in the deficit," Jeremy Zook, the lead China analyst for Fitch Ratings, said in a report.

The ambitious 5% growth target signaled to analysts that more stimulus may be coming. Last year, the government surprised stock markets with various moves beginning in September to push growth up to 5%, also the target in 2024.

Finance Minister Lan Fo'an told journalists covering the Congress that the government had sufficient tools in reserve to deal with external or domestic uncertainties.

Xi seeks private sector help, within limits

Chinese President Xi Jinping seems bent on reinvigorating private businesses, which provide a large share of growth and jobs in the country's state-dominated economy. Years of regulatory crackdowns have shaken the confidence of entrepreneurs and other investors.

The Congress reviewed comments on a law meant to improve the environment for private enterprises by regulating aspects of market access, financing, competition and property rights protection, among others.

Xi aims to send a "message to entrepreneurs, but also to local governments and regulators, that the private sector's important and it's necessary," Neil Thomas, a fellow on Chinese politics at the Asia Society Policy Institute, said ahead of the congress.

Private companies will also gain access to a higher share of loans than before, and financing for private businesses raised through bond issuance will be expanded, Chinese Premier Li Qiang said in his work report.

The foreign minister says the US shouldn't bully

Much rides on how far Trump pursues his trade wars with China and other countries.

China has diversified its export markets in recent years, but the U.S. remains a vital trading partner. The greater fear is not the tariffs themselves but the health of the U.S. economy and demand for Chinese products, said Alicia Garcia Herrero, the chief Asia-Pacific economist for Natixis investment bank.

Trump has raised tariffs on imports from China twice since taking office in January. China has shown no sign of backing down.

"If the American side goes further down this wrong path, we will fight to the end," Commerce Minister Wang Wentao told journalists during the Congress.

Asked about Trump's "America First" policy, China's Foreign Minister Wang Yi said the law of the jungle would reign if all countries adopted a "my country first" approach.

"A big country should honor its international obligations and fulfill its due responsibilities," he said to journalists at the Congress. "It should not put selfish interests before principles, still less wield its power to bully the weak."

A Chinese buzzword makes a comeback

The government said in its annual report that it would address what it considers unproductive "rat-race" competition, invoking a term that was a buzzword in China five years ago among stressed-out younger workers.

The government is applying the term "neijuan" -- more commonly translated as "involution" -- to companies and local governments rather than workers. A proliferation of green energy firms, for example, has led to gluts in solar panels and other equipment and fierce price wars that ultimately harm the industry.

"Their strategies are similar, which leads to extremely cruel competition," Chinese tech leader Lei Jun, the CEO of Xiaomi and a delegate to the Congress, told state media.

The solutions are unclear, experts say, noting that government subsidies for green energy helped create the problem by encouraging so many start-ups.

___

Associated Press writer Fu Ting in Washington and researcher Shihuan Chen in Beijing contributed.

Continue Reading...

Popular

Third Richest Woman In The World Eyes New York Giants Stake For Future Growth

One of the richest women in the world could have her eyes on more sports team ownership with a stake in the New York Giants.

Social Security whistleblower who claims DOGE mishandled Americans' sensitive data resigns from post

WASHINGTON (AP) — A Social Security official who has filed a whistleblower complaint alleging the Department of Government Efficiency officials Americans' sensitive information says he's resigning his post because of actions taken against him since making his complaint.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before Oct 16's bombshell.

Inside Warren Buffett's Decision to Keep Leading Berkshire Hathaway in His 90s

Warren Buffett's retirement decision has sparked debates about his reasons for working past the typical retirement age and his current choice to step aside.

Jim Cramer Expects Palantir To Reach New All-Time High

Market analysts and financial commentators provide crucial guidance in the volatile investment landscape. Cramer says no to VKTX, but expects PLTR to go up.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Takeaways from a hunt for 'secret' fresh water under the North Atlantic seabed

ABOARD LIFTBOAT ROBERT, North Atlantic (AP) — It turns out the Continental Shelf has been holding a secret from the ages. Beneath the sea floor off the U.S. northeast lies an enormous reserve of fresh water whose existence was long unknown, then was suspected and now is confirmed.

Salmonella outbreak tied to recalled eggs has sickened 95 people since January

At least 95 people in more than a dozen states have been sickened since January in an outbreak of salmonella poisoning tied to recalled eggs, federal health officials

Could You Use Some Instant Cash Upfront? - Ad

Millionaire trader Jeff Clark's #1 income strategy gives you the chance to collect instant cash payouts, as much as $100 to $1,000 upfront! The great part is you can collect these upfront cash payouts without owning a single stock.... Jeff's put all the details in a special briefing titled Infinite Income Manifesto.

A Chinese mining company is accused of covering up the extent of a major toxic spill in Zambia

LUSAKA, Zambia (AP) — A Chinese-owned mining company has been accused of covering up the extent of that polluted a major river that millions rely on with cyanide and arsenic.

Toyota announces $792m expansion of Czech plant to build new electric car

PRAGUE (AP) — Japanese carmaker said on Wednesday it will invest 680 million euros ($792 million) on a new production line in the Czech Republic to make a .

[Revealed] Trump's Next AI Executive Orders? - Ad

A White House insider with direct ties to Trump's inner circle just revealed what he calls "Manhattan II" - a potential $2.2 trillion AI initiative set to launch as soon as Oct 15. He says this could mirror past U.S. projects that minted fortunes - with small firms soaring 5,000% to 10,000% over two decades. And now he's giving away his #1 stock pick for free before the deadline.

Why Quantum Computing (QUBT) Stock Is Getting Crushed Today

Shares of Quantum Computing are caught in a broader market selloff Tuesday. Rising U.S. Treasury yields spook investors away from growth sectors.

European Central Bank expected to keep rates on hold as economy weathers Trump's tariffs

FRANKFURT, Germany (AP) — Inflation is back under control, and the European economy is weathering Trump's tariff onslaught better than expected. Those are reasons the European Central Bank is expected to keep its benchmark interest rate unchanged Thursday.

Did This New AI Just Replace Google? - Ad

Elon Musk's xAI just launched a model that could disrupt Google and even challenge ChatGPT. For the first time, you can stake in xAI with as little as $500 - but you must move before the Oct 1 funding round.

OpenAI and Meta say they're fixing AI chatbots to better respond to teens in distress

SAN FRANCISCO (AP) — Artificial intelligence chatbot makers OpenAI and Meta say they are adjusting how their chatbots respond to teenagers and other users asking questions about suicide or showing signs of mental and emotional distress.

Trump Dispels Health Rumors With Golf Outing, Vance Says President Is In 'Incredibly Good Health'

President Donald Trump was seen golfing at Trump National Golf Club in Sterling, Va., on Saturday, countering speculation about his health.

Gold Alert: Extraordinary Upside in One Stock (Not a Miner) - Ad

Gold has hit all-time highs, breaking $3,600 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

ASML Invests Billions In Nvidia-Backed Mistral AI To Power Next Era Of Semiconductors

ASML partners with Mistral AI to enhance semiconductor manufacturing with AI, investing 1.3 billion euros for 11% stake.

Inside: What's Going on Behind the Scenes in DC? - Ad

Former CIA officer Buck Sexton just met with Trump and VP J.D. Vance - and what he uncovered inside the West Wing is stunning. With ties to Tulsi Gabbard, Mike Johnson, Kash Patel, and more, he's rushing this urgent interview to reveal shocking secrets unfolding behind the scenes right now.

Bitcoin, Ethereum Brace For US Labor Data As Experts Warn Of Cross-Asset Volatility

Markets prepare for US labor data, a critical input for Fed policymakers. Figures will impact job market, inflation, and asset values globally.

Tariff Impact Exposes Aluminum Market Fragility

US and EU face challenges in aluminum supply chain due to Trump's tariff policy. EU prepares emergency measures to protect industry.

Is This Elon's Worst Nightmare? - Ad

Elon's empire looks doomed - crashing sales, lost tax credits, and media backlash. But behind the scenes, Tesla is about to unleash a breakthrough Forbes calls a "multi-trillion-dollar opportunity." It's not the end - it's the start of a 25,000% AI comeback.

Analysts Project This Stock Could Jump to $14 a Share. You Can Still Invest for $3.50. - Ad

The AI company making heart disease easier to detect is offering investors $3.50 investment units that include one convertible preferred share and one warrant, providing investors with access to 2 common shares. Based on analyst 1- year projections, that amounts to a near-term 500% return potential.

Bitcoin, Dogecoin, Solana Rise — Ethereum Falls: BTC Correcting, But Potential For Growth Intact If Demand Holds, Says Analyst

Leading cryptocurrencies traded higher alongside stock futures on Monday, as investors parsed the recent appeals court decision that termed President Donald Trump's tariffs unconstitutional.

Volkswagen faces historic $30 million compensation for Amazon labor abuses in Brazil

SAO PAULO (AP) — labor court on Friday ordered Volkswagen to pay 165 million reais (about $30 million) for collective moral damages after workers were subjected to slave-like conditions at a company-owned farm in the Amazon during the 1970s and 1980s. Prosecutors said it is the largest such reparation in the country’s history.

October 16 Changes the Microchip Game - and Investing - Ad

George Gilder-dubbed "America's #1 Futurist"-says while everyone's chasing AI, the real opportunity is in a 4-nanometer tech millions of times more complex. It's not another chip - it replaces them. Now built in Arizona, Gilder says 3 companies tied to this "super-convergence" could soar.

Federal government sues California utility, alleging equipment sparked deadly wildfires

LOS ANGELES (AP) — The federal government filed two lawsuits Thursday against Southern California Edison, alleging the utility's equipment sparked fires including January's Eaton Fire in the Los Angeles area, which destroyed more than 9,400 structures and killed 17 people.

Palantir CEO Alex Karp Once Pushed For 'Department Of Offense' — Now Trump Rebrands Pentagon To 'War' Office As PLTR Touts America's AI Edge

President Donald Trump rebranded the Pentagon as the "Department of War" on Friday, echoing Palantir CEO Alex Karp's earlier call for a more offensive U.S. military strategy as AI becomes central to global power competition.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before Oct 16's bombshell.

Trump Documentary Hits Film Festival, Will President Try To Block Movie From Theaters?

A documentary film about Donald Trump could test whether movie theaters and media companies will attach themselves to something portraying the president negatively.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Li Auto Stock Declines Over 4% Pre-Market After Q2 Earnings Miss

Li Auto Inc. shares declined on Thursday during pre-market trading after the company reported its second-quarter earnings.

Winklevoss Twins' Gemini Hits $4.4 Billion Valuation In Strong Nasdaq Debut

Gemini Space Station Inc. saw a 32.2% surge in its stock price on its debut, reaching a $4.4 billion valuation and signaling renewed investor interest in digital assets.

Could You Use Some Instant Cash Upfront? - Ad

Millionaire trader Jeff Clark's #1 income strategy gives you the chance to collect instant cash payouts, as much as $100 to $1,000 upfront! The great part is you can collect these upfront cash payouts without owning a single stock.... Jeff's put all the details in a special briefing titled Infinite Income Manifesto.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service