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Chinese Economy

Chinese Economy

China’s Economy Bounced Back – Or Did It?

What Happened: The Chinese economy bounced back strongly, growing 18.3 percent in the first quarter of the year, according to China’s National Bureau of Statistics. CNBC highlights the figure as “slightly below expectations of a 19 percent increase.” Retail sales grew 34.2 percent in March, topping expectations of 28-percent growth,…
bubmag
April 17, 2021
Chinese Economy

China borrows from BRICS Bank

Synopsis The BRICS New Development Bank (NDB) has announced that it approved 7 billion yuan (about 1.08 billion U.S. dollars) of emergency assistance program loans to support China's economic recovery from COVID-19.Getty ImagesThe loan is the second emergency loan approved by the NDB to help China fight the epidemicChinese economy…
bubmag
March 6, 2021