Some members of the public feel the economy is doing even worse than the official figures suggest. There is a “temperature difference” between the macroeconomic data and “micro feelings”, as one commentator put it. In response, Mr Fu of the National Bureau of Statistics pointed out that m...
Bloomberg
to supercharge its entry into the imperfect global car market, China turned to one of the most controversial tools of economics: industrial policy. Oxford professor Nathaniel Lane defines industrial policy as political action meant to shift the industrial structures of an economy. ...
Against a world economy in the doldrums, China is managing to regain its vigor - much like the northeast tourist city of Harbin, where the bitter cold cannot shadow its warm hospitality. How well is China's economy faring? Here are some numbers you need to know. SOLID FUNDAMENTALS The Chin...
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China’s economy is facing grave challenges. Given the rising tensions with the West, the outlook for continued export-led growth appears dim. At home, China’s giant property bubble has begun to deflate. During the years ahead, China’s economy may grow much more slowly than current estimate...
Here are four charts explaining what's happening in the economy today and how they may impact the future. 1. Unemployment and underemployment At just 4%, the US unemployment rate is as low as it's been in decades, and there are now more open jobs than there are workers to fill them...
One of the important dynamic factor models is the structural dynamic factor model (Forni et al., 2009, FGLR from now on). In this paper, the responses of China’s macro-economy to the world crude oil price are firstly investigated based on a large number of macroeconomic variables. How ...
How well is China's economy faring? Here are some numbers you need to know. Solid fundamentals The Chinese economy cannot navigate ups and downs without solid fundamentals. Regarding industrial infrastructure, China stands unique as the only nation with industries acr...
Did you know that China’s economy is now worth a staggering $18 trillion, making it the second largest in the world? Or that it’s home to the longest high-speed rail network on the planet, stretching over 40,000 kilometers; enough to go around the world once and then some?