China press review
China’s growth prospects, further opening-up in favor of attracting FDI inflows: OECD expert: China’s favorable growth prospects and further opening-up policies are key factors that attract foreign direct investment (FDI), said an official of the Organization for Economic Cooperation and Development (OECD) on Monday.
China’s economic growth may have ‘peaked’, will ‘wane’ for rest of 2021 after April sentiment slowdown: China’s official manufacturing and non-manufacturing purchasing managers’ indices (PMI) dropped in April, but continued to show growth in the economy.
Can Western brands recover from consumer backlash in China? For many years foreign companies operating in China have faced social media-fuelled consumer backlashes, sometimes over instances of cultural insensitivity and sometimes over political controversies.
Does the U.S.-China climate statement mean real cooperation ahead? On Earth Day, 40 world leaders will gather virtually for President Biden’s Leaders Summit on Climate, following Climate Envoy John F. Kerry’s trip to China last week and the release of the first U.S.-China joint climate statement in more than four years.
China’s V-shaped Recovery Reached Turning Point, Goldman Says: China’s economy is on track to return to trend growth after its V-shaped recovery from the coronavirus slump ended with a record pace of expansion last quarter, according to Goldman Sachs Group Inc.
China’s economy surged record 18.3 per cent in first quarter compared to a year earlier, but slowed versus fourth quarter: China’s economy grew by 18.3 per cent in the first quarter of 2021 compared to a year ago but slowed to 0.6 per cent versus the fourth quarter 2020.
China GDP: first quarter growth tipped to jump above 20 per cent following historic contraction last year: China’s first quarter economic growth rate is forecast to be above 20 per cent from a year earlier, following a 6.8 per cent contraction in the first three months of 2020.
China debt: local government spending under microscope to protect national economy from ‘systemic risk’: Local Chinese cadres will be held accountable for the rest of their lives if the debt raised during their terms is found to be problematic in the future.
China hits Alibaba with record $2.8 billion fine for behaving like a monopoly:
China has ordered Alibaba to pay a record fine of 18.2 billion yuan ($2.8 billion) after antitrust regulators concluded that the online shopping giant had been behaving like a monopoly.
China quiet on global minimum corporate tax rate backed by G20 as questions over Hong Kong’s tax-haven status arise: Analysts say China’s strained relationship with the United States could also come into play in international negotiations on a global tax deal .
China economy 2021: latest economic data about world’s second-largest economy: China is the world’s second-largest economy behind the United States Gross domestic product (GDP) growth rate, consumer price index, purchasing managers’ indices, trade and industrial production are all key indicators.