Shanghai saw an upswing in economic growth in the first quarter, with almost all major indicators performing strongly. The city’s gross domestic product approximated 946 billion yuan (US$145.6 billion) in the first three months, an increase of 17.6 percent from the same period last year (calculated at comparable prices), according to the city’s statistics bureau. […]
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China 2021 GDP to beat target on COVID bounce: Nikkei survey
China’s economy looks to expand 17.9% for the January-March quarter, a growth figure inflated by the coronavirus-related crash in the year-ago period, a survey of 32 economists by Nikkei and Nikkei Quick News finds. The economists predict 1.0% growth on a seasonally adjusted, the quarter-on-quarter basis for the first three months of 2021, as momentum […]
China plans to double its GDP by 2035, the economic plan reveals
China’s top decision-makers plan to double its economy by 2035 and reach the status of a high-income nation by 2025. According to state media, Xinhua, Chinese President Xi Jinping says that it is “entirely possible” to achieve the status of a high-income country, and for the nation to double its economic output by 2035. The […]