The Chinese economy expanded to over 90 trillion yuan (about 13.4 trillion U.S. dollars) in 2018, almost tripling its size from 10 years ago, official data showed. "It's true the economy is slowing, but if you look at the output added each year, it's still very impressive," said J...
Myles Bradshaw, head of global aggregate fixed income strategies at JPMorgan Asset Management, said Chinese government debt was the most exciting pocket of global markets at the moment. “The economy is slowing, interest rates have gone up, they haven’t eased monetary policy. It’s a great d...
We have found that digitization has not yet reached scale, with a majority of the economy still not digitized. The McKinsey Global Institute has calculated thatEurope overall operates at only 12 percent of digital potential, and the United States at 18 percent, with large sectors lagging in both...
Think about the different ways that people use the wind. You can use it to fly a kite or to sail a boat. Wind is one of our cleanest and richest power sources(来源), as well as one of the oldest. Evidence shows that windmills(风车)began to be used in ancient Iran back in the se...
If we look back, the impact of many problems was far less significant than imagined. China is a large economy; the socialist system with Chinese characteristics has unique advantages in coping with major risks and challenges; and the Chinese e...
China’s weak inflation performance is worrisome, however, given its important role in the global economy. China’s PPI inflation has been in deeply negative territory since late 2022, the product of a “perfect storm” of moderating commodity prices, weakness in global demand for Chinese exports...
the chinese economy is in trouble right now. all dollar amounts in us dollars. the start of china's economic miracle dean conger/corbis via getty images china's economic miracle began in 1978 when leader deng xiaoping introduced market-orientated reforms to the country's closed command economy...
China’s exports slowed sharply in September as global demand weakened, adding to worries over how to recharge growth in theworld’s second-largest economy. Exports rose 2.4% in dollar terms from a year earlier last month, down from 8.7% year-on-year growth in August, the Chinese customs of...
Pegging the yuan is a strategic policy move that provides crucial benefits to the Chinese economy. Using this approach, the People's Bank of China increases the appeal of Chinese exports in the global marketplace and helps fuel greater prosperity for China. While many governments harnessexpansionary...
Why would Chinese citizens invest so much in the US rather than China, considering the greater potential returns from investing in a more rapidly growing economy? Why is China trying to keep the value of its currency from rising? What would be the impact on the Chinese economy, Chinese worker...