Experts say change for nature will spur better development By ZHANG YUE/ZHENG XIN | China Daily | Updated: 2021-03-15 09:05 Share CLOSE Workers check grid-connected facilities at a photovoltaic power plant in Shijiazhuang, Hebei province. JIA MINJIE/FOR CHINA DAILY
Experts and business leaders have hailed the Chinese government s new guideline on building an economic system with accent on green, low-carbon and circular development.
The policy will promote overall green transformation of the economy. It will also stimulate high-quality development, helping reach the goal of peaking carbon dioxide emissions before 2030, said Lin Boqiang, dean of the China Institute for Studies in Energy Policy and also a professor at Xiamen University.
Economic sovereignty
March 15, 2021
This refers to the news report ‘Cabinet approves SBP Amend 2021 related three bills: Hafeez’ (Mar 10). Certain additional conditions, ostensibly impinging on the nation’s economic sovereignty, have been imposed by the IMF for reviving the stalled programme. Misplaced focus on reining in inflation instead of targeting growth and investment have been the traditional recipe of the IMF. The measures such as a hike in inflation and tight money supply hold back investment and stifle growth. A halt in economic growth leads to rising inflation and unemployment. The economy enters into a vicious circle of recession and inflation with serious supply constraints. There is absolutely no reason why the country cannot be run without the assistance of the IMF. The outflow of dollars can be easily cut by curbing the import of luxury, wasteful and unnecessary items – that end up making the import bill of $ 8-10 billion. It will prevent the need to borro
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - French stocks advanced on Monday as data indicating a surge in China's factory and retail sector activity in the first two months of the year added to investor