China press review

EU-China Mappings: Interactions between the EU and China on key issues: In 2020, most European governments restricted Huawei’s participation in the rollout of their countries’ 5G networks.

Profit at Chinese state industry rises with virus recovery: Profit at state-owned companies that dominate China’s banking, oil and most other industries rose by as much as 25% last year as the country recovered from the coronavirus pandemic, the government said Tuesday.

China the only economy to expand in 2020, mitigate global inflation pressure: Analysts expect China’s GDP to grow by more than 7.5 percent in 2021, the fastest among the top 10 economies.

China Set to Topple U.S. as Biggest Economy Sooner After Virus: China is now on course to pass the U.S. as the biggest economy in 2028, said Homi Kharas, deputy director for the global economy and development program at the Brookings Institution, two years faster than he previously estimated.

China’s foreign trade defies virus odds, ends 2020 on record highs: China’s total goods imports and exports expanded 1.9 percent year on year to 32.16 trillion yuan (about 5 trillion U.S. dollars) in 2020, hitting a record high despite a worldwide slump in shipments, official data showed Thursday.

Reskilling China: Transforming the world’s largest workforce into lifelong learners: China’s next challenge is to transform education and skills development to deliver the talent needed for an innovative, digitized, postindustrial economy.

How China won Trump’s ‘good and easy to win’ trade war: US President Donald Trump famously tweeted that “trade wars are good, and easy to win” in 2018, as he began to impose tariffs on about US$360 billion of imports from China.

China-EU relations face uncertain future despite investment deal: The agreement still has to pass the European Parliament, where members have expressed concern about issues such as Xinjiang and Hong Kong.

China GDP: IMF cuts 2021 growth forecast citing US tech decoupling, domestic debt, Hong Kong risks:
China economy forecast to grow by 7.9 per cent in 2021 by International Monetary Fund, slower than previously predicted.

EU deal is a milestone for China’s globalisation that can help build a new world economic order: Apart from promising European firms greater market access, the investment agreement promotes cooperation on the environment and will force China to reform parts of its economy that are not in line with international practices.

New trends to watch for China’s economy in 2021: Consumption could emerge as the key growth driver for the Chinese economy in 2021 thanks to further job market recovery, the revival of consumer confidence as well as more policy support.

The next normal arrives: Trends that will define 2021—and beyond:
2021 will be the year of transition. Barring any unexpected catastrophes, individuals, businesses, and society can start to look forward to shaping their futures rather than just grinding through the present.

2020 review: China’s economy endured a turbulent 12 months due to the impact of the coronavirus: China and the United States signed their long-awaited phase one trade deal in January, but 2020 was dominated by the impact of the coronavirus.

China-EU investment deal: ‘landmark’ treaty greeted with a shrug by underwhelmed analysts: Some analysts say Brussels has oversold deal with China, which was seven years in the making but has been met with skepticism.

China’s GDP growth could top 8.2% next year: The International Monetary Fund expects the Chinese economy to expand by 8.2% next year, second only to the 8.8% projected growth for India, according to its October world economic outlook report, reported Caixin.

Webinar “How to Survive Online Shopping Festivals: a Guide for Retailers”: Online Shopping Festivals are a great opportunity for brands & retailers to achieve incredible sales results, but small businesses must plan them carefully ahead!

China Can Spend More To Grow More: China’s economy seems largely to have bounced back from the COVID-19 shock. It registered 4.9 percent annual growth in the third quarter of 2020, and the rate may well exceed five percent growth in the fourth quarter.

China exports generate record trade surplus: China’s trade surplus widened to a record in November, as global demand for the country’s goods grew even more robust, reported the Wall Street Journal.

China trade: exports surge to record levels, as coronavirus lockdowns return to the West: In November, China’s exports grew by 21.1 per cent from a year earlier, representing the biggest export haul by 3US dollar value on record/

How Asia can boost growth through technological leapfrogging: Asia has experienced a significant technological transformation over the past decade, and there is more to come if the region addresses remaining gaps in core capabilities.

China is winning the digital currency race: The competition to implement a sovereign digital currency is in full swing with central banks around the world investigating its feasibility.

Liege Airport reaches milestone of 1 million tonnes of cargo transported:
Historic and symbolic day for Liege Airport : the milestone of 1 million tonnes transported was reached with the landing of a plane from the Russian company AirBridgeCargo chartered by the Chinese company HongYuan and handled by the French company WFS and the Belgian company Belgium Airport Services (BAS).

China to overtake US to become world’s top consumer goods market ‘very soon’: Retail sales in China reached US$6.2 trillion last year, and Beijing is switching its focus to its domestic economy to support the economy.

China’s Gen Z are coming of age: Here’s what marketers need to know: Gen Z represent the next engine of domestic consumption growth. Officially defined globally as the cohort of people who were born between 1996 and 2010, Gen Z make up about 15 percent of China’s population and represent the next engine of domestic consumption growth.