The aggravation of international tensions should not make us forget the current fragility of the economic and financial balances in which the stability of the dollar and the resulting confidence must play an essential role. In the past, taxes were successively assigned three missions: to finance public spending, then to contribute to the redistribution of income to correct inequalities, and finally, with the application of Keynesian principles, to act on economic activity by stimulating investment and household consumption through the budget deficit.

After decades during which wealth accumulated, even if it was not evenly distributed, and the exchange of goods ...

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As international tensions multiply, it is not useless, given China's weight in the global economy, to observe how the country is going through these crises and to what extent it would be affected. The growth figures for the 1st quarter have just been published. With a rate of 5.4%, compared to the 1st quarter of 2024, this result is above the official target of 5%. Given the growth acquis achieved at the end of last year, it would be logical to assume that this objective will be achieved. On the contrary, the International Monetary Fund has just revised ...

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The publication of the first estimate of Chinese growth in 2024 reassured the authorities but did not convince Western observers. The figure is first and foremost symbolic since it corresponds to the objective set by the country's authorities. And there was some doubt about whether it would be 4.9 or 5%. Given the margins of error inherent in any statistic, the difference is not significant. But to reach this figure, a clear acceleration in growth was needed in the 4th quarter.

It intervened: in the 3rd quarter, GDP had grown by only 4.6% over one year. Growth ...

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