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2021 - 03 - 04
The National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top political advisory body, held a press conference on Wednesday afternoon, ahead of the top political advisory body's annual session.Guo Weimin, spokesperson for the third session of the 13th CPPCC National Committee, briefed the media on the session and took questions through video conference due to COVID-19 pandemic response.The CPPCC will open its session on March 4 at 3:00 p.m. and conclude on March 10, Guo said.Amid regular measures to prevent and control COVID-19, this ye...
2021 - 03 - 01
China's economy grew by 2.3 percent year on year in 2020, the National Bureau of Statistics (NBS) said in a statement on Sunday.Despite the grave and complex challenges posed by the COVID-19 pandemic, China managed to bring its economic growth back to a pre-pandemic rate, the only major economy in the world that pocketed positive economic growth. Its full-year GDP exceeded 100 trillion yuan ($15.45 trillion) for the first time.The country's GDP dipped 6.8 percent year on year in the first quarter before making a comeback of 3.2 percent in the April-June period. It then secured a gain o...
2021 - 02 - 26
China is making clear progress in its efforts to develop a more balanced and sustainable economy and society, including access to resources, emission control, protection and governance, according to a joint report, published by leading China and U.S. think tanks, including China Center for International Economic Exchanges (CCIEE), Columbia University's Earth Institute and Aliresearch.The paper looks at development indicators other than GDP and says China has seen steady economic growth since 2011 and has made significant achievements in terms of restructuring its economy and introducing en...
2021 - 02 - 20
China will overtake the U.S. to become the world's largest economy by 2028, five years earlier than previously projected, according to the annual economic league table released by the London-based Center for Economics and Business Research (CEBR). The report largely attributes this projection to the country's effective control of the coronavirus pandemic compared with those of the U.S. and Europe.Maintaining economic stability while containing the spread of the virus on top of the years-long trade tensions with the U.S. is a tall order. We witnessed the struggle of the Chinese economy ...
2021 - 02 - 09
China's manufacturing purchasing managers index (PMI) dipped to 51.3 in January, National Bureau of Statistics (NBS) data showed on Sunday, but remained comfortably in expansion territory.The official PMI missed Reuter's median forecast of 20 economists, which had expected the figure to dip slightly to 51.6 in January from 51.9 in December. A reading above 50 indicates an expansion in activity on a monthly basis.'Around the Spring Festival is the traditional off-season of China's manufacturing industry,' NBS senior statistician Zhao Qinghe said, explaining the slight decrea...
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