Chinese Economy

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.…

Listen to this story China is the world’s first major economy to grow after COVID-19, after reporting a positive GDP for Quarter 3. The latest economic data from National Bureau of Statistics of China has shown a 4.9 per cent GDP growth in the third quarter, a positive sign after…

The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 61,558 confirmed cases. On the 19th of October 2020, 118 new confirmed cases were recorded in Nigeria, having carried out…

Stocks are heading higher in early Friday on Wall Street, placing the market on track to close out a choppy week of trading with modest gains. The S&P; 500 was up 0.6%, clawing back all its losses from a day earlier. If the gains hold, the benchmark index would mark…