Beijing, (Xinhua, 2022) — China is putting a step forward in ramping up all the inflation globally afflicting China’s present economy. So in past weekly meetings, China, the 2nd largest economy globally, made plans to overcome future inflation surges. According to the Annual Central Economic Work Conference, the country will implement a fiscal policy and […]
Reasons for China’s Recovery After Covid-19 There are a number of factors that have contributed to China’s rapid recovery from Covid-19. For starters, the Chinese government has been incredibly effective in mobilizing its resources to fight the pandemic. In addition, the Chinese people have responded with unprecedented solidarity and discipline, staying in quarantine and avoiding […]
The Covid-19 pandemic has dealt a severe blow to the Chinese economy, with some estimates suggesting that the country’s GDP could shrink by as much as 9% in 2020. This would be the first time that China’s economy has contracted since 1976. The pandemic has hit China’s manufacturing sector particularly hard, with factory output falling […]
