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China’s leadership, which gathered this month to discuss economic targets and policies for next year, has indicated that it will ramp up fiscal and monetary support for the economy.
Jia, currently president of the China Academy of New Supply-side Economics, a private think tank, was quoted as saying the potential bond issuance of up to 10 trillion yuan was “not unreasonable ...
The disruptions to jobs and businesses during the COVID-19 pandemic have further weighed on the world's second-largest economy. “China’s economy appears to have slowed last month, despite ...
The new regulations affected Evergrande Group, China's second-largest property developer, and the Chinese real estate market as a whole. [5] In addition, the Chinese shadow banks, such as Sichuan Trust, have been greatly effected by the property sector crisis due to over lending and a crackdown on regulations. [6] [7]
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [29] China is the world's second largest economy by nominal GDP and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
The economic history of China describes the changes and developments in China's economy from the founding of the People's Republic of China (PRC) in 1949 to the present day. The speed of China's transformation in this period from one of the poorest countries to one of the world's largest economies is unmatched in history. [1]: 11
China's middle class is facing new uncertainty as a sluggish economic recovery after Covid-19 challenges President Xi Jinping's focus on national security.
The green line indicates a private sector surplus, where savings exceeds investment. Since 2008, the foreign sector surplus and private sector surplus have been offset by a government budget deficit. [7] The term secular stagnation refers to a market economy with a chronic (secular or long-term) lack of demand.