The importance of China economy news

Sources of China economy news

China's GDP growth has averaged over 9% per year for the past 45 years since it started to open up and reform its economy in 1978, and more than 800 million people have been pulled out of poverty. Over the same time span, access to health, education, and other services have also significantly improved.

With over 400 million middle-class residents, China is currently the second-largest consumer market in the world and an upper-middle-income nation. Going forward, it will be crucial that efforts to reduce poverty concentrate more on addressing the vulnerabilities faced by the substantial population still classified as poor by middle-income country standards, including those residing in metropolitan areas. Since 2013, according to data from the trade ministry, China has dominated the global online retail market for nine years in a row. China had more than 812 million internet shoppers by June 2021.

Why China economy news?

The Chinese economy is of immense importance to everyone because it dominates the world economy. As a result, interest in the Chinese economy has expanded quickly, not only for business and economic reasons but also because it has drawn academics interested in studying and comprehending this major recent economic phenomenon. The demand for information that provides China economy news has increased; for the most recent financial news from China, I suggest reading the Financial Times or Wall Street Journal. The World Bank and other international economic organizations like the IMF and OECD also provide a plethora of information on the Chinese economy. Last but not least, timely updates on the Chinese economy and financial markets should also be provided by the China-focused news websites Caixin and China Daily. I hope you find this material useful. The crucial and important news concerning the Chinese economy will be provided via flowing connections.

China has the greatest manufacturing sector and exports the most goods worldwide. It is also the second-largest importer of products and has the fastest-growing consumer market in the world. A majority of the world's use of metals comes from China, which is also the biggest consumer of many other commodities. China imports more services than it exports. It is the world's largest commercial country and an important player in global trade. As of 2020, China received $163 billion in foreign direct investment, making it the highest recipient in the world. With US$136.91 billion in external foreign direct investment for 2019 alone, it ranks second only to Japan's US$226.65 billion for the same period. With 658 billionaires and 3.5 million millionaires as of 2018, China led the globe in both the total number of billionaires and millionaires. According to Credit Suisse Group's 2019 Global Wealth Report, China has surpassed the US in terms of the wealth of the top 10 percent of the global population. The value of China's reserves increases to about $4 trillion when the foreign assets of its state-owned commercial banks are taken into account. China has the greatest foreign exchange reserves in the world, valued at $3.1 trillion.

China Daily

The People's Republic of China publishes the state-run English-language daily China Daily. It offers users up-to-date news and information on a variety of subjects, including politics, business, culture, sports, and other subjects. If you want to stay informed on what's occurring in China, this is a fantastic resource.

The importance of China economy news

Web source of China economy news

Caixin

A monthly business and finance magazine published by Caixin, a Chinese financial media organization. It is renowned for offering unbiased, in-depth coverage of corporate news, financial markets, and China's economy. Additionally, it generates news and commentary on Chinese politics, the environment, and social concerns.

South China Morning post

Alibaba Group owns the Hong Kong-based daily newspaper The South China Morning Post, which is published in English. It is the newspaper with the greatest circulation in the region. The journal offers readers insights into the most recent business, financial, and political developments in Hong Kong and mainland China while covering local, national, and international news.

English.gov.cn

The State Council of the People's Republic of China's official English-language electronic communication platform, serving the global community, is called English.gov.cn. The Chinese government's internet presence is comprised of this website and its Chinese translation. You can get information on the Chinese government at both the federal and provincial levels through English.gov.cn.

In addition to offering crucial information including news and policies, archives, services, and contact details for public service organizations, it offers a forum for people all over the world to engage with the Chinese government, particularly with the Chinese Premier. This website is under the direction of the PRC State Council. We value your suggestions about how we may serve you better.

China Economic Net

A significant national news website sponsored by the Economic Daily is China Economic Net (ce. cn). China Economic Net aims to be the most reliable financial website and the most prominent interactive platform for business & economic information. It offers economic reporting, information, and services. China Economic Net, which began operations on July 28th, 2003, publishes over 10,000 items of news per day through more than 100 expert channels, covering a variety of economic sectors.

International sources of China economy news

The International Monetary Fund

A global organization called the International Monetary Fund (IMF) works to reduce poverty, increase employment, and sustain economic growth. Additionally, it aspires to support international trade, preserve financial stability, and promote monetary cooperation on a worldwide scale. It was established in 1945 to help the world economy rebuild after World War II and is presently one of the main sources of money for developing countries, notably to save countries with balance of payment deficits. The IMF offers technical support as well as policy recommendations to help nations identify and address their economic difficulties. Additionally, it offers loans to assist nations in managing their balance of payments issues, changing their economic strategies, and recovering their economies after a disaster.

The World Bank

An international financial organization called the World Bank lends money to nations around the globe for capital projects. By offering developing nations financial and technical support, the World Bank hopes to combat poverty and advance sustainable development. In order to improve the economic circumstances of individuals in developing nations, the World Bank collaborates with governments, civil society organizations, and the private sector. The World Bank also aims to eliminate inequality, advance gender equality, and promote good governance, security, and human rights.

USA sources of China economy news

The Wall Street Journal

A wonderful source for current business and financial news is The Wall Street Journal. The WSJ is available online and through a mobile app. Additionally, there are many subscription options available, making it simple to select one that meets your needs.

Bloomberg

In order to address global issues, Bloomberg is a high-tech, market-moving, data-driven, cross-platform information firm. Located in Midtown Manhattan, New York City, Bloomberg L.P. is a privately held financial, software, data, and media corporation.

Through the Bloomberg Terminal (via its Bloomberg Professional Service), its primary revenue-generating product, Bloomberg L.P. offers financial software tools and enterprise applications, such as analytics and equity trading platform, data services, and news, to financial companies and organizations. In addition, Bloomberg L.P. operates two magazines, Bloomberg Businessweek and Bloomberg Markets, a news organization (Bloomberg News), a worldwide television network (Bloomberg Television), websites, radio stations (Bloomberg Radio), and subscription-only newsletters.

Wikipedia

The goal of Wikipedia is to provide readers with useful content by serving as a freely available, publicly accessible encyclopedia that covers all areas of knowledge. The Wikimedia Foundation hosts Wikipedia, which consists of freely editable content with multiple connections that direct users to relevant sites with more details.

Anyone with Internet access and in good standing is able to create and modify Wikipedia articles, which are written collaboratively by primarily anonymous volunteers (except in limited cases where editing is restricted to prevent disruption or vandalism).

With more than a billion visitors each month since its launch on January 15, 2001, Wikipedia has developed into the largest reference website in the world. There are currently more than sixty million pieces on it, written in more than 300 different languages. There are 6,587,649 articles in English, with 121,681 active contributors over the course of the past month.

European sources of China economy news

OECD

The Organization for Economic Co-operation and Development (OECD) is a 37-nation international economic group established in 1961 with the goal of promoting global commerce and economic growth. The OECD Economic Surveys, OECD Factbook, and Economic Outlook are some of its most well-known publications and statistics. The goal of the OECD is to advance legislation that will raise the standard of living for people on a global scale, both economically and socially. It accomplishes this by offering a platform where governments may collaborate to share experiences and look for answers to problems they face in common. The OECD also publishes papers and policy recommendations on a variety of subjects, such as public health, international trade, environmental protection, and economic growth.

The Financial Times

There are a few options available if you want to read the Financial Times. You can either subscribe to the newspaper or use the Financial Times website to acquire a digital copy of the publication. In addition, you may purchase individual print copies of the newspaper or read them on your smartphone by downloading the Financial Times app.

BBC

The BBC is the national broadcaster of the United Kingdom. It was established in 1932 as the BBC Empire Service and is headquartered in London's Broadcasting House. With over 22,000 employees worldwide, 19,000 of whom work in public-sector broadcasting, it is the oldest national broadcaster in the world and the one with the most staff.

Because it controls much of the global economy, the Chinese economy is extremely important to everyone. As a result, interest in the Chinese economy has risen swiftly, not just for commercial and financial reasons but also because it has attracted academics eager to research and understand this important new economic event. The demand for information that provides China economy news has increased.

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