Chinese Economy

Workers stand at the port of Qingdao, Shandong province, China June 10, 2019. Reuters BEIJING — China is set to overtake the United States as the world's largest economy a few years earlier than anticipated due to the coronavirus pandemic, analysts said. The U.S. reported last week that gross domestic…

China was the largest recipient of foreign direct investment in 2020 as the coronavirus outbreak spread across the world during the course of the year, with the Chinese economy having brought in $163 billion in inflows. China’s $163 billion in inflows last year, compared to $134 billion attracted by the…

Retail sales, a key indicator of consumer spending in China, contracted by 3.9 per cent last year, and experts say reform measures are needed to reverse the trend Analysts have expressed concerns with the lingering weak recovery in domestic consumption, which is lagging behind a strong rebound in industrial production,…

News18» News»World»China’s GDP Grew 2.3% in 2020, Slowest in More Than 4 Decades: Report 1-MIN READ Chinese President Xi Jinping. The 2.3 percent expansion is the lowest figure since the Chinese economy embarked on major reforms in the 1970s. AFP Last Updated: January 18, 2021, 08:04 ISTFOLLOW US ON:China's economy…

A surge in state investments has helped lift the Chinese economy from the effects of Covid-19, but likely has worsened one of its deepest weaknesses: low productivity. Beijing has pulled off a robust economic recovery since early last year, when authorities locked down much of the country to combat the…

In recent years, a growing cohort of Chinese companies, big and small, have ramped up their eco-conscious efforts to fight climate change. For instance, LUÜNA naturals, a period care startup based in Shanghai, has been a pioneer in popularizing the idea of “green menstruation” among Chinese consumers. By selling organic…

The gross domestic product (GDP) was 101,598.6 billion yuan in 2020, an increase of 2.3% over the previous year at comparable prices, according to preliminary estimates of the National Bureau of Statistics of China. China’s year-on-year GDP for the first quarter went down by 6.8%, up by 3.2% for the…

Key Takeaways:McKinsey’s consumer sentiment survey highlights how net optimism during China’s economic recovery has reached 50 percent, as compared with 22 percent in the US, and stands in clear contradiction to the gloomy perspective prevailing in Europe. China’s shift toward a domestic consumer market and its economic “decoupling” from the US…

November 10, 2020 By CIW TeamIn a recent report, McKinsey pointed out five key trends shaping China’s economy, being accelerated by COVID-19 has accelerated.1. DigitalizationCOVID-19 has also accelerated digitization of the traditionally less digitized part of the Chinese economy, such as areas requiring physical interactions, and B2B.Before COVID-19, China was…

Here's why Ant Group's IPO was pulled on Tuesday: It is one of the most systemically important financial institutions in the world, and at the moment it's barely regulated.The big picture: Ant provides the technology that powers much of the Chinese economy, from borrowing to saving to investments to insurance.…