Innovation to power China growth
3 months ago

Innovation to power China growth

China Daily  

Innovation capacity, the digital sector and green industries have significant potential to be major engines of China's growth, fueled by the nation's commitment to reform and opening-up, said Japanese scholars. Yangchoon Kwak, a professor at Rikkyo University's College of Economics, emphasized that green industries will be the main driver of China's future economic growth. Kiyoyuki Seguchi, research director at the Canon Institute for Global Studies, said that the future of China's economic growth will be driven by the innovation capacity of its companies. According to Seguchi, the major challenges facing China's economy include the end of high-speed growth, issues in the real estate sector and local fiscal problems.

Global Growth China Tashiro Kwak Seguchi  innovation  china  world  power  global  economy  tashiro  reform  digital  significant  growth  chinas

History of this topic

China on track to reach growth targets
1 month, 1 week ago

China on track to reach growth targets

China Daily  

A visitor touches the finger of a mechanical hand at a booth at the 26th China High-Tech Fair in Shenzhen, South China's Guangdong province, Nov 15, 2024. China has "full confidence" that it will meet the growth targets for this year and remain the biggest engine of world economic growth, President Xi Jinping said on Friday, reaffirming Beijing's pledge to …

Sifting fact from fiction: Nation vital to progress
1 month, 1 week ago

Sifting fact from fiction: Nation vital to progress

China Daily  

View of Chinese-made vehicles to be exported at Yantai Port in Shandong province on Oct 14. For example, in 2023, China was the world's largest investor in clean energy technologies, production and consumption, and was also the biggest supplier of wind turbines and solar panels in the global market. It can be inferred that China has built the capacity and …

Sifting fact from fiction: Nation vital to progress
1 month, 1 week ago

Sifting fact from fiction: Nation vital to progress

China Daily  

View of Chinese-made vehicles to be exported at Yantai Port in Shandong province on Oct 14. For example, in 2023, China was the world's largest investor in clean energy technologies, production and consumption, and was also the biggest supplier of wind turbines and solar panels in the global market. It can be inferred that China has built the capacity and …

China's Growth: A Catalyst for Global Prosperity
1 month, 2 weeks ago

China's Growth: A Catalyst for Global Prosperity

China Daily  

China's growth is vital for global development, and the country will promote mutually beneficial cooperation and development to counter the zero-sum games being played by some Western economies. The expansion and structural optimization of China's economy will have a significant impact on global economic growth, with every 1 percentage point increase in China's growth rate boosting global economic growth by …

Innovation to power China growth
3 months ago

Innovation to power China growth

China Daily  

By Jiang Xueqing in Tokyo | China Daily | Updated: 2024-09-21 07:08 Innovation capacity, the digital sector and green industries have significant potential to be major engines of China's growth, fueled by the nation's commitment to reform and opening-up, said Japanese scholars. Yangchoon Kwak, a professor at Rikkyo University's College of Economics, emphasized that green industries will be the main …

Chinese-style modernization hailed
3 months, 1 week ago

Chinese-style modernization hailed

China Daily  

Skyscrapers border a lush green landscape in Shenzhen's central business district. Chinese-style modernization not only concerns the country's own development but also brings new opportunities for global cooperation, Chinese and Japanese politicians and experts said at a seminar in Osaka, Japan, on Wednesday. In a statement, former Japanese prime minister Yukio Hatoyama said China's current situation differs from Japan's after …

China on track to reach economic growth goal
4 months ago

China on track to reach economic growth goal

China Daily  

Xu Hongcai, deputy director of the China Association of Policy Science's Economic Policy Committee delivers a speech at a news conference held in Beijing, on Tuesday. China is well poised to achieve its economic growth goal of about 5 percent this year, as the country continues to boost domestic demand, a senior expert said on Tuesday. Xu also said insufficient …

Boost to market confidence, growth momentum
4 months, 2 weeks ago

Boost to market confidence, growth momentum

China Daily  

Kids race with a robot dog during an expo in Mianyang, Sichuan province. Highlighting the country's ongoing deepening reform practices, Han said China aims to drive the transition from its traditional growth drivers to new growth drivers, providing robust support for high-quality development. In its latest efforts to spur domestic demand, China announced in late July that it would allocate …

Boost to market confidence, growth momentum
4 months, 2 weeks ago

Boost to market confidence, growth momentum

China Daily  

Kids race with a robot dog during an expo in Mianyang, Sichuan province. Highlighting the country's ongoing deepening reform practices, Han said China aims to drive the transition from its traditional growth drivers to new growth drivers, providing robust support for high-quality development. In its latest efforts to spur domestic demand, China announced in late July that it would allocate …

New economic model set to boost strength
4 months, 4 weeks ago

New economic model set to boost strength

China Daily  

China will likely pursue a new economic model to drive a smooth transition in growth engines, potentially providing an alternative solution to the global challenge of low productivity growth, according to leading economists and executives. "I think this is really very unique, what I will call the China model or China economic model," said Zhu Min, former deputy managing director …

On track to attain 2024 growth goal
5 months ago

On track to attain 2024 growth goal

China Daily  

Two participants at the 2024 Summer Davos Forum exchange views in Dalian, Liaoning province. YAO JIANFENG/XINHUA China is on track to reach the 2024 GDP growth target of around 5 percent given the strong policy stimulus, continued recovery trend and gradual recovery in domestic demand, experts and entrepreneurs said. Despite facing challenges from a sluggish real estate market, still-weak demand …

Greater reform set to lift growth till 2029
5 months ago

Greater reform set to lift growth till 2029

China Daily  

A view of a privately owned textile company in Nantong, Jiangsu province. Greater reform to advance urbanization and reinforce the role of the market in the economy will play a pivotal role in lifting China's economic growth in the coming five years, which should be able to reach about 5 percent annually, economists and officials said on Friday. The period …

China's economic vibrancy strengthens the global economy
5 months ago

China's economic vibrancy strengthens the global economy

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. These updates have provided a solid foundation for achieving China's anticipated economic targets within the current year, sending a strong signal for the international community that the stable and the long-term development trajectory of China's economy will not be changed. With the start of this year, …

Consumer confidence important to ensuring positive economic growth
5 months, 1 week ago

Consumer confidence important to ensuring positive economic growth

China Daily  

Employees work at an electrical machinery manufacturer in Haian, Jiangsu province. ZHAI HUIYONG/XINHUA China's gross domestic product grew 5.0 percent year-on-year in the first half of this year, National Bureau of Statistics data show, while GDP grew 5.3 percent in the first quarter and 4.7 percent in the second quarter, showing signs of decelerating growth. The momentum of global economic …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

An employee works on the production line of a textile plant in Fuyang, Anhui province. Erik Berglof, chief economist of the Asian Infrastructure Investment Bank, said: "China has been and will remain an important contributor to global growth in the foreseeable future. A meeting of the Political Bureau of the Communist Party of China Central Committee in April said the …

Stabilizing economy augurs well for global growth
7 months, 1 week ago

Stabilizing economy augurs well for global growth

China Daily  

An employee works on the production line of a textile plant in Fuyang, Anhui province. Erik Berglof, chief economist of the Asian Infrastructure Investment Bank, said: "China has been and will remain an important contributor to global growth in the foreseeable future. A meeting of the Political Bureau of the Communist Party of China Central Committee in April said the …

Nation's growth target seen as achievable, appropriate
8 months, 3 weeks ago

Nation's growth target seen as achievable, appropriate

China Daily  

This aerial photo taken on June 10, 2023 shows the night view of the urban areas in Guangzhou, South China's Guangdong province. A moderately rapid growth of around 5 percent annually is both achievable and appropriate for a country at China's stage of development, a senior economist said. Jeffrey Sachs, a world-renowned professor of economics and director of the Center …

China's high-quality growth pillar for Asia's sustainable development
8 months, 3 weeks ago

China's high-quality growth pillar for Asia's sustainable development

China Daily  

Employees work on a production line of NEV maker BYD in Xi'an, Shaanxi province. As the global economic recovery remains weak, and the international situation is complicated and intertwined, the world economy has experienced, what the World Bank calls, "five of its slowest years of growth in 30 years". More important, in the face of rising trade protectionism and economic …

Top Chinese official says green, high tech development key as nation seeks to spur economy
8 months, 3 weeks ago

Top Chinese official says green, high tech development key as nation seeks to spur economy

Associated Press  

BOAO, China — China is committed to reforms that will upgrade the technological level of its largely manufacturing-based economy and exploit green technologies expected to drive around $1.4 trillion in annual revenues, a senior Communist Party official said Thursday. “We sincerely welcome all countries to board the express train of China’s development and join hands to realize world modernization featuring …

China's economy has braved obstacles in the past, and will continue to do so
9 months ago

China's economy has braved obstacles in the past, and will continue to do so

China Daily  

JIN DING/CHINA DAILY Some Western politicians and institutions recently invented the "Peak China "theory, arguing that China's development has peaked. Despite Western countries claiming over the past decade that China's development is disappointing and will collapse, the economy has been continually developing, even under pressure, and scaling new heights. Some people believe China's total population has already peaked, and the …

Growth in China: The road ahead
9 months, 2 weeks ago

Growth in China: The road ahead

China Daily  

Li Min/China Daily China's economic development has been remarkable. Over the past 25 years, China's real GDP grew by more than 8 percent a year, living standards rose dramatically, and extreme poverty was eradicated. China's success in achieving strong and sustainable growth is thus good for China and good for the global economy. China, like much of the rest of …

Growth in China: The road ahead
9 months, 2 weeks ago

Growth in China: The road ahead

China Daily  

Li Min/China Daily China's economic development has been remarkable. Over the past 25 years, China's real GDP grew by more than 8 percent a year, living standards rose dramatically, and extreme poverty was eradicated. China's success in achieving strong and sustainable growth is thus good for China and good for the global economy. China, like much of the rest of …

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories
9 months, 2 weeks ago

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories

Associated Press  

BEIJING — China has plenty of room to maneuver to attain its annual target for robust economic growth of about 5% after a strong start for the year, top economic officials said Wednesday, though they acknowledged it’s a challenge. It’s hard to fully meet needs using existing funding channels and there’s an urgent need to increase support,” he said at …

5 reasons why China's 5% GDP growth target is in the news
9 months, 2 weeks ago

5 reasons why China's 5% GDP growth target is in the news

Firstpost  

Analysts have been warning investors to stay away from investing in China. Goldman Sachs chief investment officer Sharmin Mossavar-Rahmani said, ‘Most people think that is not the real growth number—it was actually a lot weaker’ Premier Li Qiang addressed National People's Congress at the Great Hall of the People in Beijing on Monday. Reuters file China is still in the …

China seen as largest engine for world economic growth
10 months ago

China seen as largest engine for world economic growth

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. China's GDP exceeded 126 trillion yuan in 2023, up 5.2 percent over the previous year, making it the largest engine of global growth. As China's growth is likely to exceed expectations, emerging Asian economies as a whole are projected by the IMF to grow by 5.2 percent …

Long-term competitiveness of economy being shaped
10 months, 3 weeks ago

Long-term competitiveness of economy being shaped

China Daily  

The Xingguang Night Market bustles with activity in Jinghong, Yunnan province, on Tuesday. LIANG ZHIQIANG/FOR CHINA DAILY The United States' economy is expected to have grown by 2.5 percent in 2023, with a nominal GDP growth of 6.3 percent, not adjusted for inflation. Last year, the Japanese stock market boom was not supported by improving economic and corporate fundamentals, but …

China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery
11 months, 1 week ago

China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery

Associated Press  

HONG KONG — China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven. Officials from China’s National Bureau of Statistics said that measures including “strengthened macro regulation, and redoubled efforts to expand domestic demand, …

After bumpy recovery, China’s economy faces serious headwinds in 2024
1 year ago

After bumpy recovery, China’s economy faces serious headwinds in 2024

Al Jazeera  

The world’s second-largest economy is heading into 2024 on a precarious footing amid deep-seated structural issues. China’s reopening after the lifting of its harsh “zero-COVID” restrictions in January coincided with challenging economic conditions overseas, as soaring inflation made consumers less inclined to buy Chinese goods. “The all too often near-anarchic environment of the past two decades has led to such …

China's economic evolution: Navigating challenges
1 year, 3 months ago

China's economic evolution: Navigating challenges

Hindustan Times  

China's economic landscape is currently undergoing a profound transformation, marked by a series of challenges that have far-reaching implications for both the nation and the global economy. China's current economic challenges draw comparisons to Japan's 1990s struggles, marked by deflation, stagnant growth, asset bubbles, and structural issues. China's economic slowdown is challenging the International Monetary Fund's projection that the nation …

Multinationals committed to China
1 year, 5 months ago

Multinationals committed to China

China Daily  

Entrepreneurs and industry experts exchange ideas at the Summer Davos Forum in Tianjin. Beefing up their presence in China will only move multinationals forward with stronger growth over the long term, despite rising uncertainties over decoupling and supply chain disruptions, said global business leaders and industry experts on the sidelines of the Summer Davos Forum in Tianjin. Bruce Cameron, chairman …

BCG says China crucial to global economic growth
1 year, 5 months ago

BCG says China crucial to global economic growth

China Daily  

Wu Chun, managing partner of Boston Consulting Group Greater China. China has remained a major driving force for global growth and the country's strong economic recovery helps boost confidence in global economy, said Wu Chun, managing partner of Boston Consulting Group Greater China. According to BCG's estimates, China is projected to contribute at least 25 percent of global economic growth …

BCG says China crucial to global economic growth
1 year, 5 months ago

BCG says China crucial to global economic growth

China Daily  

China has remained a major driving force for global growth and the country's strong economic recovery helps boost confidence in global economy, said Wu Chun, managing partner of Boston Consulting Group Greater China. According to BCG's estimates, China is projected to contribute at least 25 percent of global economic growth by 2030. "China's economy stabilized and rebounded to a good …

Opinion: China’s economy might not be headed toward either ascendancy or decline
1 year, 8 months ago

Opinion: China’s economy might not be headed toward either ascendancy or decline

LA Times  

Something about China encourages grandiose predictions. This scenario is less dramatic but still disruptive: It would alter global economic growth and could impede future responses to shared challenges like climate change. Other challenges like climate change impose additional drags — a severe heat wave in the summer of 2022 shaved an estimated 0.3% off already-low GDP growth. China’s contribution to …

Expansionary macro policies still necessary
1 year, 8 months ago

Expansionary macro policies still necessary

China Daily  

CAI MENG/CHINA DAILY The outlook for China's economic growth this year is generally positive. Consumption, production and investment have recovered significantly after the optimization of contagion control policies with last year's low base providing room for rapid growth on a comparative basis. When China's economy confronted downside challenges in the past, policies were mainly adopted on the supply side to …

MNCs plug into China recovery theme
1 year, 9 months ago

MNCs plug into China recovery theme

China Daily  

The Dongsi Corridor of Guangzhou Baiyun International Airport is under construction in Guangdong province on Feb 23. Seeing the huge growth potential in China's ultra-large domestic market, Corning's Liu said he believes the China market will continue to serve as a major growth engine for the company's future development. "China's economy is expected to grow by 5.7 percent this year, …

Explained: How China's economic slowdown could affect the rest of the world
1 year, 10 months ago

Explained: How China's economic slowdown could affect the rest of the world

Firstpost  

Observers have already predicted that China would fall into the middle-income trap, and now evidence has emerged that the country is struggling to maintain its miracle of sustained higher growth rates of 10 per cent or more Beijing: According to China’s National Bureau of Statistics, the annual GDP growth of the country fell to three per cent, much below the …

Is China’s high-growth era over – forever?
1 year, 11 months ago

Is China’s high-growth era over – forever?

Al Jazeera  

With its population declining, China’s period of rapid growth is likely over. The growth rate that China does manage to sustain in years ahead will largely depend on how Beijing adapts to the structural challenges facing its economy and the impact of Xi’s new priorities. Pettis said GDP – used initially to measure Western economies – is not built-for-purpose for …

China’s economy is undergoing a profound structural slowdown
2 years ago

China’s economy is undergoing a profound structural slowdown

Live Mint  

The ongoing wave of protests in China against the gratuitous zero-covid policies of the government led by Xi Jinping has naturally attracted international attention. Check out this IIM Ahmedabad index The causes and consequences of falling inflation Cement companies walk on a tightrope Pew study says communal rift highest in India: 5 charts That social contract could be weakening as …

China’s economic growth accelerates but weak amid shutdowns
2 years, 2 months ago

China’s economic growth accelerates but weak amid shutdowns

Associated Press  

BEIJING — China’s economic growth accelerated in the latest quarter but still was among the weakest in decades as the ruling Communist Party tries to reverse a downturn while enforcing anti-virus controls and a crackdown on debt in its vast real estate industry. The world’s second-largest economy grew by 3.9% over a year earlier in the three months ending in …

China’s economy is ‘in deep trouble’ as Xi heads for next decade in power
2 years, 2 months ago

China’s economy is ‘in deep trouble’ as Xi heads for next decade in power

CNN  

Hong Kong CNN Business — When Xi Jinping came to power a decade ago, China had just overtaken Japan to become the world’s second largest economy. “For 30 years, China was on a path that gave people great hope,” said Doug Guthrie, the director of China Initiatives at Arizona State University’s Thunderbird School of Global Management, adding that the country …

China still global growth engine
2 years, 4 months ago

China still global growth engine

China Daily  

Editor's note: Despite facing multiple challenges both on the international and domestic fronts, the Chinese economy continues to drive global growth. The past decade was critical to the expansion of China's economy and Chinese people's living standards in that it consolidated China's role as a global growth engine. In 2007, a year before the onset of the global financial crisis, …

China still global growth engine
2 years, 4 months ago

China still global growth engine

China Daily  

Editor's note: Despite facing multiple challenges both on the international and domestic fronts, the Chinese economy continues to drive global growth. The past decade was critical to the expansion of China's economy and Chinese people's living standards in that it consolidated China's role as a global growth engine. In 2007, a year before the onset of the global financial crisis, …

China’s economy grows still-weak 4.8% in January-March
2 years, 8 months ago

China’s economy grows still-weak 4.8% in January-March

Associated Press  

BEIJING — Chinese leaders face pressure to shore up sinking economic growth after Shanghai and other cities shut down to fight coronavirus outbreaks, threatening to disrupt global trade and manufacturing. “China’s economic performance is likely to remain lackluster in the near-term.” The ruling Communist Party, which set a 5.5% growth target this year, already was trying to reverse a slump …

Tracking the persistent growth of China
2 years, 9 months ago

Tracking the persistent growth of China

The Hindu  

“When the wind of change blows, some build walls, while others build windmills.” In his speech during the plenary session on ‘The Global Impact of China’s Economic Transformation’, Li Keqiang, Premier of the People’s Republic of China lobbed this idea of facing volatile economic situations. In 2020, when other economies were struggling to cope with the effects of the novel …

Chinese economy slows as government reconfigures growth formula to control debt
3 years, 1 month ago

Chinese economy slows as government reconfigures growth formula to control debt

Firstpost  

For China, the Bank of America cut its full-year forecast from 8 percent to 7.7 percent, and slashed next year’s outlook from 5.3 percent to just 4 percent Beijing: China’s economic rebound from the coronavirus pandemic is stalling as President Xi Jinping’s government cracks down on surging corporate debt. Beijing “doesn’t want growth at all costs, followed by the likely …

China's growth helps boost global recovery
3 years, 6 months ago

China's growth helps boost global recovery

China Daily  

LI MIN/CHINA DAILY Editor's Note: In a report issued on June 8, the World Bank forecast that China's economic growth could reach 8.5 percent this year. Excerpts follow: Q1: Many international organizations believe China's economic growth could be more than 8 percent in 2021, even though the Chinese government has set the growth target at 6.5 percent. Other things have …

China's growth helps boost global recovery
3 years, 6 months ago

China's growth helps boost global recovery

China Daily  

LI MIN/CHINA DAILY Editor's Note: In a report issued on June 8, the World Bank forecast that China's economic growth could reach 8.5 percent this year. Excerpts follow: Q1: Many international organizations believe China's economic growth could be more than 8 percent in 2021, even though the Chinese government has set the growth target at 6.5 percent. Other things have …

Innovation to drive China's development
3 years, 9 months ago

Innovation to drive China's development

China Daily  

Workers weld at a workshop of an automobile manufacturing enterprise in Qingzhou city, East China's Shandong province, Feb 28, 2021. Xu's estimates came after China set major targets and tasks for economic and social development during the 14th Five-Year Plan period, with a key focus on fostering high-quality growth and boosting innovation-driven development. "In fact, China's future development will benefit …

Nation to help tackle more global tech issues, expert says
3 years, 10 months ago

Nation to help tackle more global tech issues, expert says

China Daily  

Xue Lan Seeking self-reliance in science and technology does not mean that China is decoupling from the world. Over the past four decades, China's scientific capability has seen tremendous progress, thanks to continuous reforms to remove barriers to innovation, integrating into the global innovation system by attracting foreign capital and working with global research institutions, and benefiting from a relatively …

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