Chinese economy

In an era defined by rapid technological innovation and shifting geopolitical alliances, China has emerged as a formidable force reshaping the global economic landscape. Over the past five years, the nation has embarked on a transformative journey – from a manufacturing powerhouse to a dynamic leader in high-tech industries, renewable energy, and international economic diplomacy. As the world watches closely, it is becoming increasingly clear that China’s economic evolution is …

The latest official data published by Beijing shows the Chinese economy making a stronger-than-expected start to 2024, with GDP expanding by 5.3% in Q1 compared to 2023. This puts China on track to achieve its growth target of around 5% as revealed by Premier Li Keqiang during the Two Sessions in March. Nevertheless, the National Bureau of Statistics acknowledged that the “external environment is becoming more complex”, posing a threat …

On Wednesday, 18 October, China announced that its GDP grew 4.9% year-on-year in the third quarter of 2023, putting it on track to achieve its 5% growth target The Q3 figure was above analysts’ expectations of 4.5% growth, but below the 6.3% growth seen in the second quarter. On a quarterly basis, China’s GDP grew 1.3%, accelerating from 0.5% in the second quarter. Despite growth exceeding expectations, the National Bureau of …

So just what is the current state of the Chinese economy? Kenrick Davis, CBBC’s London based Senior China Policy Analyst, takes a more detailed look at the numbers shaping the country in 2023, and asks just how bad the situation is… The takes on China’s economy from media and analysts in 2023 comes across like a Dickens reading list: there have been Great Expectations, ample descriptions of Hard Times, and …

Despite shaky economic figures, analysts and consumers alike remain “cautiously optimistic” about the potential for the consumer market to strengthen China’s post-Covid economy, writes Qing Na from Dao Insights Although lower than the expected growth forecast between 6.7% and 7% in Q2, China’s 6.3% annual growth rate in April to June suggests that the world’s second-largest economy is continuing to heal. Nevertheless, a consensus appears to have been reached amongst economists: …

In recent weeks, a string of business developments in China have stoked fears that contagion could lead to a chain of defaults and perhaps even stoke a marked growth slowdown in China with global repercussions On Thursday, 10 August, Country Garden, one of the few major developers in China to avoid bankruptcy in recent years, issued a profit warning. The next day, its shares fell to record lows, affecting the …

The Chinese government has released new guidelines for the free movement of people, vehicles and data in China designed to speed up the country’s economic recovery Although China’s post-Covid economic recovery has been remarkable, recent figures have fallen short of expectations. The country’s economy is experiencing deflation for the first time since early 2021. The consumer price index fell 0.3% year-on-year in July, while the producer price index dropped 4.4%. …

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 …

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 …

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 …