China’s Q1 GDP expected to surge 20%, shaking off coronavirus cloud
Li Xuanmin Published: Apr 15, 2021 04:57 PM
Workers at a cotton textile factory in Aksu City, Xinjiang Uygur Autonomous Region, northwest China, March 29, 2021. (Photo/CGTN)
China s GDP during the first three months of 2021 is projected to grow at approximately 20 percent from last year, with major economic indicators all expected to expand at more than 20 percent, picking up a stellar economic rebounding since the second half of 2020, and the growth was buoyed by a low base, soaring overseas demand and reviving consumption at home.
Looking ahead, the economy is forecasted to keep a stable growth, but it may enter unchartered waters in the second half of the year as geopolitical tensions keep heightening, and the marginal effect of global economic recovery has weakened.
SOURCE / ECONOMY
By Global Times Published: Apr 15, 2021 07:43 PM
Tourists admire the skyline view of Lujiazui area at the Bund in Shanghai, east China, Jan. 6, 2020. (Xinhua/Wang Xiang)
After surpassing the US as the world s biggest recipient of foreign direct investment (FDI) in 2020, China continues to see rapid growth in foreign investment this year, as confidence in the country growth prospect and opening-up further improves.
In the first three months of the year, China drew 10,263 new foreign-invested businesses, up 47.8 percent year-on-year and 6.7 percent from the pre-pandemic level in 2019, according to the Ministry of Commerce (MOFCOM) on Thursday.
In terms of amount, China attracted a total investment of $44.86 billion, increasing 43.8 percent year-on-year, the MOFCOM said. That does not include investments in the financial sector.
CHINA / DIPLOMACY
Trade record predicted for 2021, ‘more confidence’ to solve disputes with US
By GT staff reporters Published: Apr 14, 2021 12:39 AM Updated: Apr 14, 2021 12:41 AM
An aerial photo taken on Nov. 3, 2020 shows the container dock of Yangshan Port in Shanghai, east China. (Xinhua/Wang Xiang)
There is a high likelihood that China and the US will post a bilateral trade record this year, experts said, as their industries and economies are closely intertwined and cannot be decoupled, despite ongoing geopolitical spats and some US politicians hue and cry intended to stem China s rise.
The inseparable China-US economic relations are reflected in the two countries trade data. Although no moves have been taken yet to remove the trade-war tariffs, China-US bilateral trade started to take off around mid-2020 in the depths of the pandemic and has showed no signs of abating into 2021.
SOURCE / ECONOMY
By Global Times Published: Apr 09, 2021 09:44 AM Updated: Apr 09, 2021 01:43 PM
A citizen buys vegetables at a supermarket in Handan City, north China s Hebei Province, Jan. 9, 2020. (Photo: Xinhua)
China s consumer inflation moved back into positive territory in March, with a 0.4 percent gain year-on-year, while producer prices continued on an upward trend, official data showed on Friday, as the country s economic recovery sustains its positive momentum.
The country is on track for mild inflation, boding well for the rebound through the coming year, economists said.
The consumer price index (CPI), a main gauge of inflation, went up 0.4 percent in March from the prior year, ending a year-on-year decline for the first two months, according to figures unveiled by the National Bureau of Statistics (NBS).