As China’s vaccination drive continues, leading to more relaxed pandemic measures, retail, transportation, food and beverage and business service sectors, which account for about 19 percent of added value to China’s economy, should climb to pre-Covid levels
The increased education level of China’s labor force is definitely positive, although whether it can automatically turn into a talent dividend depends on whether China can achieve its goal to upgrade its economy into an innovation-driven one
It is estimated that between 2020 and 2050, the efforts to achieve carbon neutrality will require investment of 100 trillion yuan. But rather than an economic burden, the investment will serve as a new source of economic growth in the following decades, presenting an opportunity to upgrade China’s economy into one that is eco-friendly and more efficient
China’s ruralto-urban mass migration contributes to a decline in people’s desire to have children. Besides these global factors, runaway housing prices, rising childcare costs and fierce competition within China’s educational system deters many would be parents.
Yet as social equity becomes a policy priority in the next years, it is time to overhaul China’s personal income tax codes, rather than make incremental changes
Rural residents still account for 41 percent of China’s 1.4 billion population. Promoting rural development will remain a major challenge for the Chinese government in the coming decade