"For every one percentage point faster in China's growth, that raises on average the level of GDP in other economies in the medium term by about 0.3 percentage," said Steven Alan Barnett, senior resident representative in China of the International Monetary Fund, adding that China remains a s...
1 (Xinhua) -- China's provincial-level governments are eyeing new economic engines ranging from AI to new energy vehicles, with a continuous focus on consumption, as indicated by their development plans for 2024. All provincial-level regions have now unveiled their growth targets for 2024 in ...
Consumption was a significant growth driver in China last year. In 2023, the total domestic retail sales of consumer goods reached 47.15 trillion yuan ($6.57 trillion), up 7.2 percent on the previous year. Final consumption contributed 82.5 percent to the country’s GDP growth. The three-day ...
Consumption was a significant growth driver in China last year. In 2023, the total domestic retail sales of consumer goods reached 47.15 trillion yuan ($6.57 trillion), up 7.2 percent on the previous year. Final consumption contributed 82.5 percent to the country’s GDP growth. The three-day ...
China's 2024 Two Sessions will take place on March 4th. The Two Sessions are the most important political meetings in China. For this year's Two Sessions, what should we pay attention to? Economy is always a key word for the Two Sessions. In 2023, China experienced a year of uneven bu...
However, unlike the minimum wage, the average salary a Romanian earns hasn’t changed much since 2022, and it’s not beating the high inflation in the country. The average take-home salary in Romania in 2024 is around 5,185 Lei per month (around 1,042 Euros).This is an increase of ...
A country's GDP is a measure of the goods and services it produces. GDP calculations are useful, but not always accurate because...
What is 2024 Children Toy Car off-Road Toy Vehicle Electric Ride on Car, KP6688 manufacturers & suppliers on Video Channel of Made-in-China.com.
If it's so hard to reach potential GDP and the output gap will almost always be there, why do we need to measure potential GDP in the first place? Aren't we setting ourselves up to fail? I know that potential GDP gives us an idea of how the economy is doing. But I agree with ...
Several economists say the HDI is essentially redundant as a result of the high correlations among the HDI, its components, and simpler measures of income per capita. GNI per capita (or even GDP per capita) correlates very highly with both the overall HDI and the other two components in bot...