Thomas J. Sargent: Chinese economy in 2024 will look a lot like 2023. That's what any of my friends who are economists will know what I'm doing. There's a really good statistical model of GDP growth. It's called a geometric random walk with growth, continuing to grow about the same...
This outstanding performance has won applause from international institutions and prompted their improved predictions for China's economic growth in 2023. The International Monetary Fund has lifted its forecast for China's economic growth this year to 5.2 percent from a previous prediction of 4.4 percen...
Broken down by industry, we can see that green energy accounted for the largest portion of China’s economic growth in 2023 on average, contributing to almost half (40 percent) of its economic expansion last year. Clean energy, which includes renewable energy sources, nuclear power, el...
This outstanding performance has won applause from international institutions and prompted their improved predictions for China's economic growth in 2023. The International Monetary Fund has lifted its forecast for China's economic growth this year to 5.2 percent from a previous prediction of 4.4 percen...
Investment banks, including Morgan Stanley and Goldman Sachs, have also made upward revisions of their growth forecasts for the world's second largest economy. In contrast, the UN World Economic Situation and Prospects 2023 report predicted global growth to decelerate from an estimated 3.0 percent in...
China's GDP increased by 6.3% in Q2 2023, but the quarter-on-quarter growth was 0.8%, shy of market expectation.
However, while the international environment is undoubtedly challenging for China's growth, this does not mean the outlook is pessimistic. First, in bouncing back from the pandemic, China's consumption and retail industries are recovering. Recent economic data indicate that China's consumer market is...
This collection features insights from experts in the international economic arena, discussing the current situation and prospects of the Chinese economy from various perspectives. Chinese economy in 2024 will look a lot like 2023 Thomas J. Sargent: Chinese economy in 2024 will look a lot like ...
Thomas J. Sargent: Chinese economy in 2024 will look a lot like 2023. That's what any of my friends who are economists will know what I'm doing. There's a really good statistical model of GDP growth. It's called a geometric random walk with growth, continuing to grow about the same...
The annual Central Economic Work Conference was held in Beijing from Monday to Tuesday, reviewing China's economic work in 2023, analyzing the country's current economic situation and arranging economic work for next year. Despite external pressure and internal difficulties, China's economy has achie...