Data from China’s National Bureau of Statistics (NBS) shows that China’s GDP in the first half of 2020 reached 45.7 trillion yuan (US$6.5t), 1.6 percent down compared to that of the same period of 2019.
As local authorities jumped on the new energy vehicle bandwagon, many found that lack of regulation and low barriers to entry are seeing a greater drive toward bankruptcy than profits
China is prioritizing the domestic market to boost the economy as exports continue to be hit by the pandemic, uncertainties in the global supply chain and rising protectionism. It will not be an overnight fix
Becoming the frontline of China’s deeper reform and wider opening-up, Hainan faces as many challenges as there are opportunities
Experts predict it will take a long time before China’s service sectors recover from the Covid-19 pandemic and the much-anticipated surge in consumption is unlikely in the near future
With rising global demand, China’s ventilator industry had an unexpected opportunity to boost its position, but its long-term prospects in the global ventilator market remain in question