In 2023, the global economic growth will face a strong headwind. According to the projections of IMF in January 2023, the world economic growth will fall from 3.4% in 2022 to 2.9% in 2023, and the advanced economies’ growth will decrease from 2.7% in 2022 to 1.2% in 2023. The GDP g...
the world economic growth will fall from 3.4% in 2022 to 2.9% in 2023, and the advanced economies’ growth will decrease from 2.7% in 2022 to 1.2% in 2023. The GDP growth of United States, Euro zone and Britain in 2023 will be 1.4%, 0.7% and -0.6...
The government’s own feelings towards the economy are hard to read. During the global financial crisis, after world trade fell off a cliff, China’s authorities swooped in with vast stimulus, which propelled economic growth and spilled over to the rest of the world. Today they seem in no ...
China's auto industry reached new heights in 2023 in production, delivery and export volume. Among the emerging car manufacturers, BYD remains at the forefront of the trend, surpassing Tesla in the fourth quarter to become the world's top-selling pure electric vehicle brand. Explore how BYD ac...
The target also takes into account of the potential and conditions supporting growth, it said. Over the past decades, China's economy has overcome odds such as the COVID-19 pandemic, natural disasters and the global financial ...
In the first year of the post-pandemic era, 2023, both the U.S. and China faced economic difficulties and challenges. The U.S. is facing the most serious banking crisis since 2008. Federal regulators are using measures to restore the confidence of depositors and investors. The Fed is at ...
The year 2023 is proving to be another challenging year for the global economy. Amid the global inflation crisis and the impact of the Ukraine crisis, overall growth across the board is low. Some major economies, such as the eurozone, are officially in a state of recession. Others, like th...
In the view of Nicolas Moreau, CEO of HSBC Global Asset Management, allocating assets to Asia is one of the strategies to respond to global financial market volatility. According to him, the inflation crisis in the West has led to continuous interest rate hikes by major central banks, which ...
The year 2023 is proving to be another challenging year for the global economy. Amid the global inflation crisis and the impact of the Ukraine crisis, overall growth across the board is low. Some major economies, such as the eurozone, are officially in a state of recession. Others, like th...
anytime there was a credit event in China’s financial system—such as the interbank market crisis of June 2013—the natural response from Chinese investors was a “flight to risk” rather than a “flight to quality.” Most investors saw the government’s aversion to perceived political instabi...