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New trends to watch for China’s economy in 2021
Optimism built up in the Chinese market at the beginning of 2021, with its stocks climbing and its currency gaining strength.
China’s stock market headed into the new year on an upbeat note, with the benchmark Shanghai Composite Index rising 1.6 percent during the first two trading days. The ChiNext Index, tracking China’s NASDAQ-style board of growth enterprises, gained 0.65 percent after soaring 3.77 percent Monday.
The central parity rate of the Chinese currency renminbi, or the yuan, rallied to its highest level since June 2018 to 6.476 against the U.S. dollar Tuesday, as investors stay bullish on the country’s economic fundamentals.
New trends to watch for China s economy in 2021 - Buz & Tech News sina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com Daily Mail and Mail on Sunday newspapers.
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, economists predicted. China will keep its macroeconomic policies consistent, stable and sustainable in 2021, according to the tone-setting Central Economic Work Conference that took place in December. At a time when cooperation and coordination are more important than ever, China is expected to continue to open up to the world and safeguard a multilateral trading system.
Optimism built up in the Chinese market at the beginning of 2021, with its stocks climbing and its currency gaining strength.
New trends to watch for China s economy in 2021
1 2021-01-06 09:39:30Xinhua
Editor : Zhang Mingxin
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Optimism built up in the Chinese market at the beginning of 2021, with its stocks climbing and its currency gaining strength.
China s stock market headed into the new year on an upbeat note, with the benchmark Shanghai Composite Index rising 1.6 percent during the first two trading days. The ChiNext Index, tracking China s NASDAQ-style board of growth enterprises, gained 0.65 percent after soaring 3.77 percent Monday.
The central parity rate of the Chinese currency renminbi, or the yuan, rallied to its highest level since June 2018 to 6.476 against the U.S. dollar Tuesday, as investors stay bullish on the country s economic fundamentals.