Zaobao correspondent Chen Jing notes that despite the high likelihood of China’s economy meeting its growth target this year, there is still a chance that the government might take strong measures to stimulate the economy further. However, given that it is late in the year, would any measures implemented achieve their intended effect and which sectors should they be targeted at?
Economy
Economy
Lianhe Zaobao correspondent Yang Danxu notes that after ten years, the BRI has a somewhat mixed report card. Some analysts say that the BRI has helped some countries, while others observe that progress has sometimes come at a cost, ranging from heavy debt to other indirect effects such as corruption and environmental damage.
Economy
While China promotes its BRI to developing countries, these countries are often at risk of a poor economy, political instability and other domestic problems. This means that even as China’s influence is growing, the final result may be less than ideal, says Lianhe Zaobao journalist Miao Zong-Han.
Economy
Following the pandemic, pent-up demand for live concerts is driving up ticket prices to astronomical levels. Amid a less than encouraging economy, people are generally cutting down on non-essential spending, but the hope is that concerts will encourage travel and consumption and revitalise the economy. Lianhe Zaobao correspondent Chen Jing takes a closer look at the situation.
Economy
While China has tried to diversify its export destinations, as Taiwan did when it faced economic bottlenecks in the early periods of its development, its manufacturing sector with a large presence of foreign firms is still largely tied to the US market. Meanwhile, efforts to lift the domestic economy have been stymied by a lack of consumer spending and regulatory clampdowns. Academic Min-Hua Chiang examines the issue.
Economy
Recent economic indicators have signalled that China’s economy is bottoming out, but many still believe that more needs to be done as the effect of government policies are still falling short of expectations. Lianhe Zaobao correspondent Chen Jing speaks with analysts and academics to find out what China needs to do to avoid economic stagnation or even a collapse.
Economy
China’s innovative drug developers are increasingly partnering with foreign companies to pitch their products overseas due to tighter profit margins in the domestic market. But this route, while lucrative, can also be precarious.
Economy
Despite the lifting of Covid-19 restrictions, the office vacancy rate in China’s capital Beijing has not recovered, and is set to increase. From considerations such as rental cost and traffic, internet companies are opting to move out of prime central locations. Lianhe Zaobao journalist Meng Dandan tells us more.
Economy
The world is concerned that the Chinese people are beginning to lose confidence in China’s future, dampening the prospects for sustainable development. Researcher Wei Da believes that there is little connection between this crisis of confidence and the cyclical boom and bust of the economy, but China’s severe economic problems are ultimately political problems.