David Roche, president of Independent Strategy, has stated that China’s economy will need to recalibrate due to a “fractured” global order, with new drivers of growth that are likely to disappoint global markets. The Chinese government recently announced a target of around 5% GDP growth in 2023, which is the country’s lowest in more than […]
Shanghai will prioritize launching pioneer and integrated policies, issuing new bailout measures, and optimizing the business environment to stabilize economic growth this year, the city’s mayor Gong Zheng said at the first session of the 16th Shanghai People’s Congress. He stated that Shanghai’s economy saw a V-shaped rebound in 2022, showing that its economic resilience, […]
China’s customs administration reported on Friday that the country’s exports and imports in December fell less than expected. This milder slump meant that trade still grew for all of 2022. Exports fell by 9.9% YoY in December, slightly better than the 10% decline forecasted by a Reuters poll. Imports fell by 7.5% YoY in December, […]
A first-of-its-kind regulation on “deepfakes” will be introduced by China in January. The term deepfakes refers to synthetically generated or altered images or videos made using artificial intelligence. For example, a politician’s face can be overlayed on an existing video or a fake speech can be created. This results in fabricated media that appears real […]
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 […]
