China’s powerhouse provinces propel economy towards GDP target
Following the fifth plenum, Beijing is banking on robust output from 10 provinces to offset laggards and secure national growth. Read More Here
Tag: GDP
A World Distracted by Middle East Turmoil Should Focus on Africa
The world is distracted. The war in the Middle East has fractured supply chains, unsettled oil markets, and redirected the gaze of policymakers and investors toward the Gulf and beyond. Yet while global attention fixates on conflict, a quieter, more consequential story is unfolding across 54 nations and 1.4 billion people. Africa — long mischaracterized […]
China Sets GDP Target at About 5% Despite Trump Tariffs
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 […]
‘Two sessions’ set to unveil China’s top economic priorities for this year
GDP growth and inflation targets set to be unveiled alongside steps to boost domestic consumption as trade tensions with US increase. Read More Here
Xi Jinping is quietly sanction-proofing China
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
China’s economy seeing ‘seismic shifts’ and imbalances like nothing Beijing predicted
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
Is Chinese Youth Unemployment As Bad As It Looks?
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
A BRICS Currency Could Shake the Dollar’s Dominance
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
A Good Year for China’s Economy
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
The Fate of the Global Balance Sheet
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
