Against the backdrop of intensified competition between China and the U.S., the new World Bank president is very likely to take a tougher attitude toward China. Meanwhile, China needs to be prepared for this outcome.
Feb 13, 2019
If the Belt and Road Initiative is successful, China in 10 years’ time will be a very different China.
Feb 13, 2019
China will continue to innovate and improve its macro-control policies to offset external uncertainties and strive to keep economic growth within a reasonable range, Premier Li Keqiang said when presiding over a meeting on Jan 15, attended by scholars and entrepreneurs on a draft version of the government work report. In recent years, there have been increasing voices claiming that China’s economic growth has already peaked after several years of rapid growth. There are also many factors pointing towards a range of risks set to appear in the near future. In addition, several new problems have emerged in the development of China’s economy both before and after the US-China trade war began. Confronted with the pressure of an economic downturn, what form will China’s future economic development take? And what is the driving force behind China’s sustained economic development? The Development of China’s Economy in 2018 On the one hand, China’s economy improved in terms of stability in 2018: profits across various industries and companies maintained a rather high rate of growth, while some industries with high profit growth drove the recovery of manufacturing investments. At the same time, signs of overheating in the real estate market have been alleviated. On the other hand, China’s economy has been affected by factors including household debt accumulation, widening income gaps and the […]
Jan 25, 2019
Recent crime figures from the Ministry of Public Security (MPS) further question the strength of the State Department’s decision, with gun and explosive-related crimes dropping year-on-year by 27.6 and 29 per cent respectively.
Jan 21, 2019
Domestically, slowdown of investment growth rate and consumption, continuously uncertain external environmental, further structural reform indicate that development of China’s economy faces more severe situation from this year.
Jan 18, 2019
Good results were achieved in coping with major financial risks, and reducing poverty and pollution, thereby promoting people’s well-being, strong economic development and social balance.
Jan 8, 2019
For 2019, Chinese GDP growth could eventually achieve around 6.2 percent in full-year growth, assuming policymakers succeed in the challenging balancing act to sustain higher-quality growth while suppressing faster debt accumulation.
Jan 7, 2019
Over four decades, China has repeatedly proved the predictions of naysayers to be wrong and weathered one international crisis after another!
Jan 4, 2019
“The Belt and Road might see the development of a framework or structure. But at the moment, it is really early days. So it is hard to be clear about what it really means.”
Jan 2, 2019
Now, many African countries are using China’s experience to establish their own economic zones, which are set to bring in the development that the African continent has dreamed of.
Dec 20, 2018
Looking ahead, China and US trade relations, whatever the twists and turns, will ultimately return to the track of win-win cooperation and stable growth, benefiting the two nations and contributing to the world’s economic growth as well.
Dec 19, 2018
The remarkable economic achievement did not happen following the Western world’s favored developmental tools, but rather through China’s unique path.
Dec 14, 2018