Within weeks of most COVID-19 prevention and control measures being lifted, China's National Bureau of Statistics predicted an across-the-board improvement in the country's economic outlook for 2023. The economy is expected to remain resilient and dynamic despite complexities in the external envi...
On January 23rd, the gross domestic product (GDP) of Guangdong in 2023 reached 13,567.316 billion yuan, representing a year-on-year growth of 4.8%, according to the Guangdong Provincial Bureau of Statistics' latest data. With this achievement, Guangdong becomes the first province in China to o...
In 2023, Guangzhou is set to break through the 3 trillion yuan mark in its annual regional GDP. That's a big deal for the city, like a major milestone. Now, what does 3 trillion yuan even mean?That means, Guangzhou, just one city, is rocking a GDP that beats out most global ...
After a crescendo during the pandemic, when global wealth relative to GDP grew faster than during any other two-year period in the past half century, it appears that a break in the two-decade trend may be coming. But there is disagreement among economists and business leaders about what will...
For the third consecutive year, the 2023 Legatum Prosperity Index finds that prosperity continues to plateau around the world, with the primary reason being a general trend towards the deterioration of institutions and democratic processes. This year, we
European GDP growth in 2023 should come in at 1.0 per cent, up slightly from 0.9 per cent in the April forecast, while growth in 2024 should be 1.4 per cent, down from 1.8 per cent previously. Finally, output in the Commonwealth of Independent States (CIS) region is expected be stronger...
The Fed may want to "douse hopes of any early easing in policy," noted David Kelly, chief global strategist at J.P. Morgan Asset Management, in a Monday research report. "This is, in part, because they are genuinely uncertain about how sticky inflation might be in an economy experiencing...
22, 2023. (Xinhua/Ding Lei) Other common goals include increased investment in the livelihood and well-being sector, ranging from an employment-first policy to improving childcare services. "This is in line with China's drive to promote common prosperity for all, while better social security ...
As carbon emission is a major factor behind global warming, China has been quick in action to cut it in response.In 2022, the country's carbon dioxide emissions per unit of GDP dropped by more than 51 percent from its 2005 level, showed figures from the 2023 annual report on China's ...
As carbon emission is a major factor behind global warming, China has been quick in action to cut it in response. In 2022, the country's carbon dioxide emissions per unit of GDP dropped by more than 51 percent from its 2005 level, showed figures from the 2023 annual report on China's ...