Tag: #Economy

H1 GDP data may surpass preset annual target: Economists

Chu Daye July 12, 2024

H1 GDP data may surpass preset annual target: Economists

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

Xiconomics in Practice: Xi puts new quality productive forces at front and center in China’s economic agenda

GT staff reporters March 15, 2024

Xiconomics in Practice: Xi puts new quality productive forces at front and center in China’s economic agenda

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

Beijing 2022 to ‘break even,’ has immeasurable long-term economic benefits

Chu Daye and Li Qiaoyi February 23, 2022

Beijing 2022 to ‘break even,’ has immeasurable long-term economic benefits

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

China’s GDP growth beats expectations; efforts still needed: Chinese Media

Left Review Online January 20, 2022

China’s GDP growth beats expectations; efforts still needed: Chinese Media

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’s GDP grows 8.1% in 2021, fastest in 10 years, spurring confidence despite challenges ahead

Chu Daye and Li Xuanmin January 19, 2022

China’s GDP grows 8.1% in 2021, fastest in 10 years, spurring confidence despite challenges ahead

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

Nicaragua reports poverty reduction under the Sandinista Government in last 15 years

Ileana Ferrer Fonte for PL January 18, 2022

Nicaragua reports poverty reduction under the Sandinista Government in last 15 years

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

Natural disasters will have limited impact on China’s GDP, while certain industries may suffer

Left Review Online October 17, 2021

Natural disasters will have limited impact on China’s GDP, while certain industries may suffer

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

How China lends: truth and reality

Huang Meibo and Niu Dongfang August 06, 2021

How China lends: truth and reality

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

More discriminatory moves against Chinese firms will sour China-UK economic ties

Wang Yiwei August 02, 2021

More discriminatory moves against Chinese firms will sour China-UK economic ties

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

China scores well in ‘big exam’ of building Xiakoang under CPC’s spirit of setting, completing bold goals

Left Review Online July 25, 2021

China scores well in ‘big exam’ of building Xiakoang under CPC’s spirit of setting, completing bold goals

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

Resilience in China-India trade difficult to dismiss

Left Review Online June 13, 2021

Resilience in China-India trade difficult to dismiss

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

Low-carbon economy war new power games

Wang Wen April 19, 2021

Low-carbon economy war new power games

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

Chinese consumption fires on all cylinders during Qingming Festival holidays

Xie Jun April 07, 2021

Chinese consumption fires on all cylinders during Qingming Festival holidays

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

Strong Q3 GDP results leave ample policy options to ensure whole-year growth of 2-3% despite COVID-19

Chu Daye October 27, 2020

Strong Q3 GDP results leave ample policy options to ensure whole-year growth of 2-3% despite COVID-19

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

IMF lifts China’s GDP forecast to 1.9% in 2020

GT Staff Reporter October 18, 2020

IMF lifts China’s GDP forecast to 1.9% in 2020

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