"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...
GDP is an important measurement for economists and investors because it tracks changes in the size of the entire economy. In addition to serving as a comprehensive measure of economic health, GDP reports provide insights intothe factors driving economic growthor holding it back. Economic health, as...
23, 2024 shows vehicles to be exported and a ro-ro ship at Dongdu port area in Xiamen, southeast China's Fujian Province. (Xinhua/Jiang Kehong) Innovation in China is on the rise indeed. With sustained double-digit growth in R&D investment, China's national innovation index ranked 10th ...
The meeting also signaled a rare increase in its deficit-to-GDP ratios, through fiscal expenditures and issuance of ultra-long special treasury bonds and local government special-purpose bonds.The policy stance is aligned with signals from a tone-setting meeting on Monday of the Political Bureau o...
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. ...
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. ...
In November, the 31st APEC Economic Leaders' Meeting and the 19th G20 Summit were held consecutively in Peru and Brazil. South Africa is poised to assume the G20 presidency in 2025, marking an unprecedented four consecutive terms of G20 presidency by Global South countries. Meanwhile, China is...
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.
A report released by the China Academy of Science and Technology Development Strategy shows that China's national innovation index had risen to 10th in the world in 2023, up three places from the year before. It is the only developing country to enter the top 15. ...
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