The contrast in economic recovery between the US and China is clearly felt in the services sector after their lockdowns, and could stand in the way of the US achieving a V-shaped economic recovery like China's economy is currently exemplifying. Roach sees China's crisis strategy at an advantage so far.
By Ning Wang
China's economic growth will pick up speed in 2021. Experts expect the government's new five-year plan to provide incentives for investment, including for foreigners. The focus will be on smart manufacturing, artificial intelligence, cloud technologies, smart mobility and renewable energies. Beijing also focuses on research cooperation.
By Redaktion Table
China Growth News: China's economy is growing and so is the influence of the People's Republic of China on the international stage. Find out all the important and latest news about China's growth in the China.Table.
Growth, or rather development (chin. 发展 fazhan), is one of the Chinese government's most important buzzwords. China is growing, be it economically, technologically, or in population. Economically, it serves to legitimize the political rule of the Chinese Communist Party. With China's continued development, the country demands more influence on the international stage and seeks to expand its discourse power.
The COVID pandemic halted China's growth, but only for a short period. While in other parts of the world, the COVID pandemic hat not reached its peak yet, the Chinese economy was already back in the black. Nevertheless, fears of possible inflation are high, and the government responded with numerous regulations in various industries.
Although numerous experts have repeatedly predicted an end to the seemingly limitless growing of the People's Republic of China, these predictions have not yet come true. Although the Chinese economy continues to grow, a slowed growth rate could be observed in recent years.
China’s growth has a national and international impact. Read all the current news on China’s future developments, and international influence by our China.Table editorial team.
