The 2025 government work report of Shandong mentioned Shandong's economy reached 9.86 trillion yuan in 2024. This was a 5.7 % increase. Shandong also did better than the national average in important areas like industry, investment, and consumption. What does this all mean? We will now hear ...
In other words, the supply of labor is greater than the demand for it. Let’s take wage inflation—the rate of change in wages—as a proxy for inflation in the economy. With so many workers available, there’s little need for employers to “bid” for the services of employees by ...
Economic growth caused by the development of China's market economy along modern lines in the coastal provinces; Challenges to the consensus associated with the Michigan school who concluded that the economic changes were inconsequential.MyersRamon...
China’s Luxshare Precision Industry, originally a component supplier to Apple, started to build iPhones in 2021. Its display champion, BOE Technology Group, now makes some of the advanced OLED screens for iPhones, previously the exclusive domains of South Korean manufacturers. Chinese camera lens m...
For example, if you did invest $10,000 in a 2-year CD with a 2.50% APY you’d earn $250 in the first year and have a total of $10,506 at the end of two years (or once the CD matures). If you tap your money early, however, you’ll get hit with an early withdrawal penalt...
This insight is important for several reasons. First, it helps shed light on why it monetary policy shocks in empirical studies appear to have less of an effect on the U.S. economy after 1980 than before. For example, below are two figures showing the typical response of real GDP to a ...
Trump is expected to withdraw the U.S. from the Paris climate agreement. Executive orders targeting tailpipe emission and fuel economy standards for cars are also expected. Still, only so much can be done through executive order, Sommers said, and the directives often have to go through a ru...
Landing a Full-Time Job in a Pandemic When the world was first learning about the implications of COVID-19, the disease caused by the novel coronavirus, "We did see a lot of companies step back and reassess their hiring needs," Barnes says. "As a result, the amount of jobs ...
However, as China’s economic development continues to shift from speed growth to quality and stability, urban competitiveness also needs to consider factors beyond the economy, such as environment, location and culture [22,23,24]. The emergence of USC, which skillfully combines urban ...
Jan. 15, 2025, 8:16 AM UTC(Bloomberg)China's Central Bank Pumps Near-Historic Level of Cash Into Financial System Jan. 8, 2025, 6:59 AM UTC(The Telegraph)Reeves ‘on verge of breaking her own fiscal rules’ as borrowing costs surgeShow More If the economy were a house, then producti...