SOURCE / ECONOMY
Effective containment measures have facilitated a strong recovery in China amid COVID-19: IMF By Global Times Published: Jan 27, 2021 01:21 AM
World Economic Outlook Growth Projections (Jan 2021) Infographic: GT
The IMF projects China s economy will grow 8.1 percent in 2021 and 5.6 percent in 2022. The global growth is expected to be 5.5 percent in 2021 and 4.2 percent in 2022 after an estimated 3.5 percent contraction in 2020, according to the latest World Economic Outlook (WEO) released on Tuesday.
The projection on global growth was revised up 0.3 percentage point from the forecast in October 2020. IMF s chief economist attributed the rise in the latest forecast to expectations of a vaccine-powered strengthening of activity and additional policy support in a few large economies.
SOURCE / ECONOMY
Carbon trading key to 2060 neutrality target By Global Times Published: Jan 26, 2021 06:08 PM
View of piles of coal on a quay in Rizhao, East China s Shandong Province Photo: cnsphoto
China s securities regulator approved the establishment of the Guangzhou Futures Exchange in South China s Guangdong Province on Friday, making it the fifth futures exchange center in China, raising speculation on whether carbon emission allowance futures will become the first trading class to feature on the index.
Apart from the Guangzhou Exchange, China also has the Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange and China Financial Futures Exchange.
Approved by the State Council, the China Securities Regulatory Commission (CSRC) officially approved the establishment of the Guangzhou Futures Exchange, which will play a critical role in improving the capital market system, Gao Li, spokesperson for the CSRC, said on Friday.
A top Chinese official said Joe Biden's administration opens a "new window of hope" for U.S.-China relations. Chinese Foreign Minister Wang Yi made the remarks during a Jan. 2 [.]