A momentous shift is under way in global markets as investors pull billions of dollars from China's sputtering economy, two decades after betting on the country as the world's biggest growth story.
The Chinese Communist Party's (CCP) two sessions of top political meeting started on Saturday, March 4, and are expected to last for two weeks. The regime has set its 2023 gross domestic product (GDP) target at its lowest level in years, NTD Report.
The hit from China's energy crunch is starting to ripple throughout the globe, hurting everyone from Toyota Motor Corp. to Australian sheep farmers and makers of cardboard boxes.
The Wall Street banking giant has lowered forecasts for China's economy to 4.8 per cent in the third quarter and 3.2 per cent in the fourth quarter of 2021
China GDP Grows Record 18.3% In First Quarter In Coronavirus Rebound China GDP Grows Record 18.3% In First Quarter In Coronavirus Rebound The world s second largest economy was the only major one to grow at all in 2020, supported by industrial activity and better-than-expected exports as the virus hit markets around the world.
Across key sectors, China powered on in economic recovery.
Beijing, China:
China s economy expanded at its fastest pace on record in the first quarter, data showed Friday, in a sharp turnaround from the historic contraction caused by the coronavirus outbreak.
The world s second largest economy was the only major one to grow at all in 2020, supported by strong retail spending and industrial activity as well as better-than-expected exports as the virus hit markets around the world.