Two of China’s growth drivers – exports and domestic demand – appear to be underperforming, putting pressure on policymakers to ensure that China’s post-Covid economic recovery goes to plan Several recent Reuters analyses, including from CBBC’s former policy analyst Joe Cash, suggest that China’s economy has lost some momentum at the start of the second quarter of 2023. Economic figures for April, while often reaching double figures, fell below the …
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After one of the worst economic performances on record in 2022 with 3% GDP growth, it’s now all hands on deck in a bid to revive the world’s second-largest economy. Qing Na from Dao Insights explores what kind of economic policies the Chinese government is putting in place post-pandemic This ambition was reiterated by Guo Tingting, Vice Minister of Commerce, at the first press conference of the new year hosted …
In an op-ed originally published in Caixin, Tom Simpson writes that as foreign businesses operating in China conclude their damage assessment of the annus horribilis that was 2022 and reset expectations following the sudden scrapping of zero covid, the mood is shifting toward cautious optimism There is widespread relief at the prospect of a more predictable operating environment and the resumption of connectivity with the rest of the world since …
China’s scrapping of zero covid and reopening to the world is widely regarded as the most important economic story playing out in 2023. And so far, it is living up to expectations, writes Tom Simpson With restrictions removed, wave one saw covid spread at an unprecedented speed and scale, with 80% of the population estimated to have been infected with the virus. China’s healthcare system was pushed to new limits …
China’s regional GDP growth figures for 2022 offer a lot to reflect on after a difficult year, but with the country open again, there is much to look forward to in 2023, writes Tom Simpson China’s economy grew by 3% in 2022 according to data from the National Bureau of Statistics, with H2 activity improving on the 2.5% growth in H1. While much higher than the figure recorded by the …
The Amur River, also known as the Heilong River, forms the border between Russia and China and has been a point of contention and exchange for hundreds – if not thousands – of years. A new book by Colin Thubron offers a unique traveller’s perspective on the present and future of a region where two of the world’s superpowers face each other Colin Thubron has long been one of Britain’s …
Li Keqiang’s economic policy – called Likonomics – has received new attention as China seeks to recover from the latest Covid outbreak, but weak domestic demand and a struggling property sector might force Chinese leaders to abandon Likonomics at the next Party Congress in autumn, writes Torsten Weller The dramatic weakening of China’s economic performance – caused by the lockdowns in Shanghai and other big cities – has prompted Premier …
The US and China appear to have realised the constraints placed upon them by their interdependence and are seeking to ease relations as a result, with high-level government-to-government engagement between the pair ramping up significantly over the past year. However, companies from the US and beyond will need to continue to tread carefully in and around China, writes Joe Cash In American political circles, China is seen as both a …
The People’s Bank of China reduced the five-year loan prime rate by a record amount in May, hoping that the cut will work to restore loan demand and get the property sector moving again. But will it be enough to help the country hit its economic targets for the year? Joe Cash investigates The Chinese economy is facing multiple headwinds. Not only is Beijing’s harsh zero Covid policy and the …
China’s harsh Zero Covid policy is putting huge pressure on the Chinese economy, with April’s data indicating a sharp downturn. The government wants to increase infrastructure spending and do more to help SMEs while also keeping employment stable, according to CBBC’s policy team, Torsten Weller and Joe Cash – so how likely are they to pull that off? Worries about the Chinese economy are mounting. Despite respectable growth of 4.8% …