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...
Although there were concerns like "severe challenges" and "difficulties in achieving the targets," Ajay Banga, president of the World Bank Group, believed that the challenges facing China's economy are not unique but occurring on a global scale, noting that the path of development is never smoo...
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 dynamic environment is accelerating the emergence of new growth drivers. In 2023 alone, despite a global economic downturn, China's exports of the tech-intensive green trio -- lithium-ion batteries, photovoltaic products, and new energy vehicles -- amounted to 1.06 trillion yuan (149 billion...
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 ...
1月23日,广东省统计局发布最新统计数据:2023年,广东地区生产总值为135673.16亿元,同比增长4.8%。由此,广东成为全国首个“官宣”GDP突破13万亿元的省份,且经济总量已连续35年位居全国首位。 广东省统计局局长杨新洪指出,广东经济不仅体量越来越大,发展也越来越“稳”。其中,第二产业比重持续保持在40%以上份额,突出了...
other high-standard economic and trade agreements. The CPTPP is a trading bloc representing 500 million consumers and 13.5% of the global GDP, one of the world's largest free-trade areas by GDP. With more than 18% of the global GDP, China is expected to boost the economy of the block....
other high-standard economic and trade agreements. The CPTPP is a trading bloc representing 500 million consumers and 13.5% of the global GDP, one of the world's largest free-trade areas by GDP. With more than 18% of the global GDP, China is expected to boost the economy of the block....
GNP is another metric used tomeasure a country's economic output. Where GDP looks at the value of goods and services produced within a country's borders, GNP is the market value of goods and services produced by all citizens of a country—both domestically and abroad. While GDP is an indi...
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...