Beijing sets an ambitious economic growth goal of around 5% this year, lowers CPI target to around 2% for first time in more than 20 years and aims for a fiscal deficit target of around 4% of GDP, highest in over three decades. Read More Here Also Read: 8 takeaways from Premier Li Qiang’s work […]
GDP growth and inflation targets set to be unveiled alongside steps to boost domestic consumption as trade tensions with US increase. Read More Here
China is doubling down on manufacturing exports to offset the challenges posed by a sluggish property market and meet the party’s 5% GDP growth target for 2024. Read More Here
Prominent government adviser Liu Yuanchun says immediate future will be marked by disequilibrium, and appropriate adjustments will take time; more non-economic risks are emerging than economic ones, he says after China reports expectation-beating GDP growth in first quarter. Read More Here
China’s exceptional growth in recent decades has influenced the education and career choices of young people and their families. But now that high-skilled jobs are drying up and recent graduates are struggling to find work, there is a growing mismatch between expectations and new realities. Read More Here
It’d be like a new union of up-and-coming discontents who, on the scale of GDP, now collectively outweigh not only the reigning hegemon, the United States, but the entire G-7 weight class put together. Read More Here
Following the government’s abandonment of its zero-COVID policy in December – and especially since the middle of last month – the economy has sprung back to life. Bolstered by fiscal and monetary expansion – for which the country has ample room – China can achieve 6% GDP growth this year. Read More Here
In 2022, global wealth shrank relative to GDP for the first time in decades. Whether this trend continues in 2023 will depend significantly on two factors: the effectiveness of Chinese policy and the strength of international economic cooperation. Read More Here
World’s second-largest economy is expected to have ‘significantly higher’ GDP growth potential than the United States in the coming years, but demographic factors such as its rapidly ageing population could keep China’s potential growth rate below that of its Asian peers such as India and the Philippines. Read More Here
The second great transformation of China’s economy is underway, and it won’t happen without some pain. China’s meager GDP growth of 4.9% in the third quarter is both worse and better than it looks. Read More Here
looking beyond borders 