Tag Archives: Chinese economy
China released upbeat macroeconomic data on Tuesday indicating that the economy remained on solid footing at the start of the year, and analysts said the trend will continue through the year.
China’s retail sales growth picked up to 10.8 percent year-on-year in November, the highest this year. This, together with other improving indicators, shows the economy may be stabilizing, analysts said.
The strict governance of the Communist Party of China has entered a new era with two regulations passed at a key meeting on Thursday, paving the way for the Party’s national congress next year and its future development.
International Monetary Fund (IMF) Managing Director Christine Lagarde called for global efforts to boost growth while guarding against protectionism.
Premier Li Keqiang said on Tuesday that China will “open its door even wider” to foreign investment.
Service industries, Internet businesses help fuel quarterly GDP increase of 6.7% year-on-year. Xin Zhiming, Wang Yanfei and Ma Si report. The Chinese economy is stabilizing, thanks primarily to growth in the service industries and Internet-based businesses, although the manufacturing sector remains weak, figures show.