Faced with the impact of the pandemic during winter and spring, as well as uncertainties in the external environment, 1.4 billion Chinese people have all worked under the strong leadership of the CPC Central Committee, with President Xi Jinping at its core.
Continued progress has been made in economic restructuring, aggregate demand and supply are basically in equilibrium, and growth has become more resilient, China’s central bank governor said.
Amid concern that the Chinese economy would slip further, second quarter data shows that it may have found its footing. But analysts are plenty worried about the reliance of state intervention to uphold growth.
The International Monetary Fund (IMF) has urged China to implement reforms more speedily as it faces growing vulnerabilities amid dwindling resources to cope with internal and external shocks.
The Chinese economy this year has been marked by slackening growth and a stock market meltdown. But the Asian giant also scored successes in its attempts to become a major global financial player.
An official survey has shown Chinese manufacturing at its weakest in more than three years. The disappointing numbers underline jitters in the world’s second-largest economy. Figures released Tuesday from China’s National Bureau of Statistics further illustrate manufacturing output is falling, with analysts calling the slump a three-year low. Weak demand from both domestic and overseas …
The recent stock market plunge has exacerbated worries about the Chinese economy. Nonetheless, ADB Chief Economist Shang-Jin Wei tells DW China is still on track to reach a growth rate not far from the 7 percent target. Cheered by a rally in US stocks and a domestic interest rate cut, Chinese stocks rebounded from five …
By Yu Yongding BEIJING: At the opening of the annual session of China’s parliament, the National People’s Congress (NPC), Premier Wen Jiabao announced that the government’s target for annual economic growth in 2012 was 7.5%. With the global economy still struggling to recover, Wen’s announcement of such a significant dip in China’s growth rate naturally sparked …
By Justin Yifu Lin BEIJING: The slowdown of China’s economy has captured the headlines in recent weeks. Whether it is a permanent or temporary adjustment, the Chinese authorities have much work to do in laying the groundwork for strong economic performance in the medium and long term. Despite extraordinary growth since the start of its transition …
By Yao Yang BEIJING: If everything goes right for China, it will surpass the United States as the world’s largest economy, in current dollar terms (and more quickly in real terms), by 2021. Its per capita income will reach that of today’s lower tier of high-income countries. But, despite its forward momentum, the Chinese economy faces …
