Chu Daye July 12, 2024
The Chinese economy may post a faster-than-5-percent growth rate for the first half of the year, exceeding a preset annual target, according to predictions made by a number of Chinese economists on Monday. A growth rate in the range of 5.1-5.4 percent was predicted for the second quarter....More
Editor's Note: Since 2012, China has witnessed an extraordinary economic transition, with historic achievements in all aspects of the economy from its size to quality. Such an unparalleled feat does not just happen, especially during a tumultuous period in the global geo-economic landscape and a tough phase in...More
In a sign of their sharp business mind, many Chinese are discussing on social media the balance sheet of the Beijing 2022 Winter Olympics, which concluded just on Sunday but continue to occupy people's mind with lingering effects. The Beijing Winter Games will have a large chance of...More
The National Bureau of Statistics of China (NBS) released data on the national economy in 2021 on Monday, with the country's gross domestic product (GDP) expanding 8.1 percent year-on-year, which was well above the government target of "above 6 percent" set at the beginning of 2021, and the...More
China on Monday posted an 8.1 percent GDP growth in 2021, defying market expectations and further cementing the world's second-largest economy's leading position in the global economy's recovery from the still raging COVID-19 pandemic, as major growth drivers, particularly exports, saw remarkable improvements in the face of mounting...More
Managua, (PL). The integration of the North and South Caribbean zones, after the construction of highways, telecommunications infrastructure and access to health care, education, drinking water and sanitation, currently shows a poverty reduction in Nicaragua. Jose Figueroa, a legislator and executive secretary for the parliamentarian group of the...More
The unexpected and unpredictable torrential rains seen in Central China's Henan Province throughout July are a sign of another challenging year in 2021, after the COVID-19 pandemic outbreak that significantly disrupted 2020. Analysts estimated that the impact of natural disasters on the national economy will be limited. But...More
In March 2021, Georgetown Law, the Peterson Institute for International Economics, AidData, Center for Global Development and Kiel Institute for the World Economy of Germany jointly issued a report titled "How China Lends: A Rare Look into 100 Debt Contracts with Foreign Governments". Through a comparison of 100...More
The UK is reportedly considering ways to remove China's nuclear energy company China General Nuclear Power Group (CGN) from its future power projects. "It's a further sign that relations between the countries are deteriorating," Bloomberg reported. Bilateral collaboration on a nuclear power station was once a showcase project...More
Editor's Note: China on July 1 declared that it has reached its first centenary milestone development goal – building a moderately prosperous society, or xiaokang, in all respects and is marching in confident strides toward the second centennial goal of building China into a great modern socialist country....More
The spectacular growth in China's trade with India outperformed the former's trade performance with other major trading partners from January to May, an indication of the resilience within the China-India economic and trade relationship even amid political headwinds. Trade between China and India soared 70.1 percent in US...More
US President Joe Biden has invited 40 heads of state to the Leaders Summit on Climate on April 22 and 23. This has heated up the global competition over the low-carbon economy. This new competition could even be called "a new global green and low-carbon economy war." As...More
China's consumption is firing on all cylinders including tourism and box office in the three-day Qingming Festival holidays to a level that is approaching, or even surpasses that of 2019, industry practitioners and companies said, as Chinese consumers rushed to unleash their spending desires after the country lifted...More
The Chinese economy bounced back into positive territory - growing 0.7 percent - in the first three quarters of the year after the country has put COVID-19 epidemic under control, official data showed on Monday, as analysts predicted a further recovery would be sustained in the upcoming fourth...More
The IMF projects that China's GDP will grow by 1.9 percent in 2020, up from 1 percent in its last projection in June, citing a faster-than-expected recovery in China. China will be the only major economy to achieve growth this year, according to the IMF's latest report in...More