Illustration: Luo Xuan/GT The Chinese economy continues to slow down as it faces multiple pressures in 2019, but it is also showing resilience with the support of a complex set of stabilizing policies. Economic growth has remained in a rational and controllable range this year. 2020 will be a crucial year for China to secure …
Illustration: Luo Xuan/GT As China-Africa economic and trade cooperation increases alongside the Belt and Road Initiative, more Chinese companies are eager to jump into the African market, hoping to expand their market share and development space. Data shows that more than 3,000 Chinese companies are currently doing business in Africa, and their employees and projects …
Illustration: Luo Xuan/GT Editor’s Note: An article calling to prevent economic growth from sliding below 6 percent has sparked debate among Chinese economists. The piece was published by Yu Yongding, an academician and senior fellow of the Chinese Academy of Social Sciences. With a gloomy world economic landscape and uncertainties brought about by the China-US …
Illustration: Xia Qing/GT Shen Jianguang, chief economist of JD Finance Maintaining growth at 6 percent should not be China’s goal in 2020. The country has already adopted some stimulus measures, but the results have been insignificant. Policymakers have paid great attention to maintaining stable economic growth amid the current economic downturn, and have been utilizing …
Illustration: Luo Xuan/GT Liu Shijin, deputy head of the economic committee of the 13th Chinese People’s Political Consultative Conference National Committee There are two basic facts that people should realize about the Chinese economy. The first is that the transfer from high-speed growth to the gradual decline was due to a shift in economic growth …
Illustration: Xia Qing/GT Editor’s note: Amid the slowing global economy, the bruising China-US trade war and the decline in internal demand, China’s economy in 2019 has continued the weak trend seen since 2018, and this is expected to continue in 2020. In the year that China aims to secure the victory of building a moderately …
Illustration: Luo Xuan/GT Should China again call to “make every endeavor to promote exports?” The answer is most certainly yes. Based on current and upcoming domestic and global economic conditions, it’s necessary for China to re-emphasize exports, particularly for its high-tech industries. As the world is expected to enter a long low-growth period given the …
Illustration: Luo xuan/GT The US economy is performing steadily. The country’s production remains solid – especially in the technology sector – fortunes are gathering and asset prices are expected to continue rising. However, the real challenge facing the US economy today is wealth distribution. As the debt levels of all classes continue to mount, more …
Residents in Urumqi, capital of Northwest China’s Xinjiang Uyghur Autonomous Region, dance in a square. Photo: Cui Meng/GT Whether to let the so-called Xinjiang-related bill get in between the China-US trade talks is fundamentally up to China. The US is attempting to introduce everything that can disrupt China to be related to the China-US trade …
Illustration: Luo Xuan/GT In order to promote quality economic growth, the Chinese central government has rolled out a series of policies including the Foreign Investment Law which will come into effect on January 1, 2020, 11 measures on financial reform and measures to promote the development of pilot free trade zones (FTZs). These policies have …