Both the projections are 0.4 percentage points higher than the IMF's forecasts in April and are "driven by strong Q1 GDP data and recent policy measures," according to the statement. "China plays an important and constructive role in ...
It marks an upward revision by 0.6 percentage points from the World Bank's projections in December 2020, largely due to stronger-than-expected foreign demand, it said. The World Bank also predicted that China's year-on-year GDP growth may moderate to 5.4 percent in 2022, when the low base...
The 6.3-percent growth in the second quarter fell short of market projections, which comes on top a low base last year, when GDP growth stood at 0.4 percent due to the epidemic. Fu Linghui, a spokesperson for the NBS, said China's economy remains on a positive stable trend, noting a 5...
BEIJING--China’s economy is set to grow 5% this year, after a “strong” first quarter, the International Monetary Fund said on Wednesday, upgrading its earlier forecast of 4.6% expansion though it expects slower growth in the years ahead. The global lender’s new projections come as Beijing...
The global gross domestic product (GDP) is projected to grow 5.6 percent this year and the world's second largest economy, China, is set to hit 8.1 percent, both slightly down from previous forecasts, the Organisation for Economic Co-operation and Development (OECD) said in its latest ...
recovery of China's economy has been under the spotlight since the end of last year. International institutions and investment banks not only raised their projections for China's growth in 2023, but they have also highlighted the country's role as the main engine for global economic growth.自...
The 6.3-percent growth in the second quarter fell short of market projections, which comes on top a low base last year, when GDP growth stood at 0.4 percent due to the epidemic. Fu Linghui, a spokesperson for the NBS, said China's economy remains on a positive stable trend, noting a ...
GDP growth of around 5 percent; around 12 million new urban jobs; surveyed urban unemployment rate of around 5.5 percent; CPI increase of around 3 percent; growth in personal income that is generally in step with economic growth; steady increases in both the volume and quality of imports and...
The 6.3-percent growth in the second quarter fell short of market projections, which comes on top a low base last year, when GDP growth stood at 0.4 percent due to the epidemic. Fu Linghui, a spokesperson for the NBS, said China's economy remains on a positive stable trend, noting a ...
According to World Bank projections, China's real gross domestic product (GDP) growth will reach 8 percent in 2021, and its "momentum is expected to pick up, aided by a more supportive fiscal stance." Experts also projected that the per capita GDP of China will exceed 12,000 U.S. dolla...