During the previous four decades, the Chinese government has focused on reducing rural absolute poverty, using different approaches to achieve this goal. However, despite the large reductions in rural absolute poverty as an i...
With Lenovo and Compal Future Center (LCFC) contributing 10% of its GDP, Hefei could incubate emerging champions like NIO, revealing a significant capacity to leverage synergies. Consequently, Hefei has cultivated advanced integrated circuits, new-generation displays, new energy vehicles, safety and em...
Such a treatment allows us to identify changing drivers of economic downside risks during monitoring GDP-at-risk’s dynamic evolutionary path. We also employ a time-varying parameter vector autoregression model with random volatility to explore the heterogeneous impacts of different macroeconomic policy ...
As a result of the extraordinary performance, there has been a dramatic change in China’s status in the global economy. In 1990, China barely registered on the global economic scale, commanding a mere 1.6 percent of global GDP. Today, it is the world’s second largest economy and produces...
The continued rapid growth of GDP, highly open economy, a lot of energy and raw materials imports and exports of manufactured goods, sustained trade surplus and large foreign reserves, all of which have a major impact on the global economy, including the industrial pattern of interests, the ...
In recent years, as China's GDP per capita nears and crosses the $10,000 mark, China has continuously outpaced other major global economies in consumption growth. During 2009-2019, the annual average of the real year-on-year growth of China's consumption expenditure is 9.4 percent, which ...
In 2015, gross domestic product (GDP) grew by 6.9%. The consumer price index (CPI) rose by 1.4%. Total retail sales of consumer goods (TRSCG) grew by 10.7%. Total fixed asset investments (TFAI) grew by 10% and energy consumption per unit of GDP decreased by 5.6%. The Chinese ...
When we are building our ‘well-off’ society, we should not only double people’s average income and GDP, but also better distribute the national wealth and give mid-to—low income residents a bigger part of the pie,” Ma said, echoing policy priorities among some fiscal reformers. ...
But while there is a risk that China could fall into a similar debt-deflation spiral—in which persistent deflation takes hold, the debt-to-GDP ratio keeps rising and GDP per capita stagnates—the country appears to be better positioned today than Japan was during its economic decline, for fo...
weak by its own standards in the first part of 2012 - the annual increase in industrial production falling to 8.9 percent in August and GDP growth declining to 7.4 percent in the third quarter. More rapid growth only revived after a rather too delayed domestic stimulus launched from th...