It is important to pay attention to the quality of economic growth and to consider the factors that underpin future economic potential, says the Lee Kuan Yew School of Public Policy’s Terence Ho. Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the … Read more
Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company’s domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy. A halting economic recovery in China coupled with a persistently weak property market and high job insecurity levels have sapped consumer confidence and spending power … Read more
“Instead, it seems that we must prepare for a policy marked by caution and continuity.” Third plenums – this one a meeting of the Communist Party’s 20th Central Committee – have historically precipitated extensive changes to the country’s economy, with sweeping ideological statements issued to chart the course of policy for the next five years … Read more
BEIJING: China’s leadership vowed on Thursday (Jul 18) to “resolve risks” plaguing the economy, state media said, but were yet to offer any concrete steps to pull the country out of its financial woes. The world’s second-largest economy is grappling with a property debt crisis, weakening consumption, and an ageing population. All eyes were on … Read more
India is well positioned to be a driver of greater wealth, says a global wealth report by Boston Consulting Group (BCG). In 2023, India has generated roughly USD 590 billion in new financial wealth, marking its largest increase in the history. India will add about USD 730 billion annually to the overall growth of the … Read more
In 2018 and 2019, his administration imposed tariffs of up to 25 per cent on hundreds of billions of US dollars of Chinese goods. During this year’s campaign he has already issued sterner threats, including duties in excess of 60 per cent on all Chinese imports. “It seems we are already adapting gradually,” Chen said. … Read more
China has – after some delay – scheduled the much-anticipated third plenum of its Communist Party’s Central Committee for Monday, with the four-day meeting expected to shape the country’s economic strategy for the next five to 10 years. Previous third plenums unveiled landmark changes. At the plenum of 1978, the policy of reform and opening … Read more
Now, nearly 11 years later, I would have to say that while the Chinese economy has progressed on many fronts, the implementation of those reforms has been disappointing. I think the critique that was raised by former Premier Wen Jiabao in March of 2007 – when he warned that the Chinese economy, while strong on … Read more
China pledged on Friday to make breakthroughs in emerging industries – including bleeding-edge fields like humanoid robots, 6G mobile technology and atomic-level manufacturing – that could enhance its strength in the high-growth tech arena while preserving traditional sectors as a bedrock. The country’s unique system – which can concentrate resources on specific benchmarks – can … Read more
The meeting, known as the Third Plenum, will be closely watched for how China’s leadership will cope with the country’s economic challenges. Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to … Read more
