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Risks lie in wait on global recovery path
Stakes require joint efforts against virus to ensure economic growth, forum hears
Coordinated efforts to fight the COVID-19 pandemic are critical to ensure the recovery of the global economy, especially in the face of risks that could undermine growth, analysts said.
At a forum on global issues on Wednesday, Xie Fuzhan, president of the Chinese Academy of Social Sciences, said the pandemic-ravaged economy has started to recover this year, but the challenges that could derail a global rebound warrant attention.
The International Monetary Fund in January revised its projection of worldwide economic growth to 5.5 percent this year, up from 5.2 percent in its October forecast, thanks to a stronger than expected recovery in the past six months, policy support from governments since the end of last year, and vaccination efforts.
Qiu Xiaohua removed as NBS chief – Xinhua | China Digital Times (CDT) chinadigitaltimes.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadigitaltimes.net Daily Mail and Mail on Sunday newspapers.
China s Spoilt Rich Kids Behave As They Try To Avoid Xi Jinping s Wrath China s rich kids have started to understand that it s better to keep their heads down, particularly after President Xi Jinping s government started targeting billionaires in the past few years.
Updated: December 11, 2020 10:05 am IST
Under Xi, China is no longer in catch-up mode, said Enodo Economics chief economist Diana Choyleva.
Over the years, China s rich kids have become synonymous with obscene displays of wealth: Posing next to Bentleys and Lamborghinis, showing off stacks of yuan on social media and giving pets gold Apple watches, to name a few.