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2021 - 03 - 15
China's economy is expected to expand by 7.9 percent in 2021, nearly double the global growth rate predicted for the year, the World Bank said in its forecast on Tuesday.'Growth in China is projected to accelerate to 7.9 percent this year—1 percentage point above the June forecast—reflecting the release of pent-up demand and a quicker-than-expected resumption of production and exports,' the 189-member global lender said in a statement at the release of the 2021 Global Economic Prospects.In October, the International Monetary Fund has predicted China will reach 8.2 percent growth th...
2021 - 03 - 11
The fourth session of the 13th National People's Congress opens at the Great Hall of the People in Beijing, March 5, 2021.Premier Li Keqiang delivered a government work report at the opening of this year's session of the 13th National People's Congress in Beijing on Friday. Here are some key figures.2018201920202021TargetActual ResultsTargetActual ResultsTargetActual ResultsTargetGDP Growth (%)~6.5%6.6%6-6.5%6.1%No Specific Target Set2.3%6%CPI Increase (%)~3%2.1%~3%2.9%~3.5%2.5%3%New Urban Jobs (million)1113.611113.52911.8611Registered Urban Unemployment rate (%)~5%3.62%~5.5%5.2%~5...
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...
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