Tag Archives: Chinese economy
China’s economy got off to a strong start in the first quarter, with GDP expanding at a higher-than-expected 6.9 percent year-on-year. The result, analysts said, has laid a solid foundation for the country to achieve its growth target of at least 6.5 percent this year.
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.