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2020 - 06 - 23
China has sufficient policy tools to tackle economic challenges amid the novel coronavirus pandemic, and the fiscal and financial system is generally stable, Yang Weimin, a member of the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC) said a speech on Sunday.Both fiscal and monetary policies have 'sufficient ammunition', to support economic growth, Yang, who is also former deputy head of the Office of the Central Leading Group on Financial and Economic Affairs, said.The government has launched many measures, such as raising the debt-to-GDP ...
2020 - 06 - 19
China's economy is on the track to recovery given the recently announced economic indicators, before rebounding in the second half of the year, a South Korean expert said Monday.'China's economy is on a recovery track as before thanks to several stimulus packages from the Chinese government,' Piao Renjin, an analyst at NH Investment & Securities in Seoul, told Xinhua.China's GDP contracted 6.8 percent year on year in the first quarter owing to an economic fallout from the COVID-19 outbreak across the world.The analyst predicted a zero-percent change in second-quarter GD...
2020 - 06 - 15
China's consumer inflation eased in May on retreating food prices while factory prices continued to drop, official data showed yesterday.The Consumer Price Index, a main gauge of inflation, rose by a weaker-than-expected 2.4 percent last month from a year earlier, 0.9 percentage points slower than April, the National Bureau of Statistics said yesterday.On a monthly basis, consumer prices went down 0.8 percent.The domestic epidemic situation was generally stable in May and businesses have resumed in an orderly manner. The market supply and demand situation has been further improved, said Do...
2020 - 06 - 11
The Gross Domestic Product (GDP) of Macao dropped by 48.7 percent year-on-year in real terms in the first quarter of 2020, the special administrative region (SAR)'s statistic service said here on Saturday.The latest report from the Statistics and Census Service (DSEC) said that although no widespread transmission of COVID-19 was observed in the region, the economy of Macao, mainly driven by exports of services, was severely hit amid the epidemic with a substantial decline in total demand.In terms of external demand, exports of services dropped by 60.0 percent year-on-year, with exports of ...
2020 - 06 - 09
Kunshan became the first county in China with a GDP exceeding 400 billion yuan ($56.28 billion) according to on Thursday.The county in southern Jiangsu province saw its GDP reach 404.51 billion yuan in 2019, up 6.1 percent year-on-year if calculated at comparable prices. It has ranked first for 16 straight years as the strongest county economically in China.Compared with prefecture cities or cities at higher administrative level, Kunshan has outrun provincial capital cities as Guiyang and Taiyuan.Following Kuanshan, Jiangyin, another county in southern Jiangsu province, also saw its ...
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