China press review
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 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.
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.
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.
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.
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.
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’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.