Growth last year was significantly lower than expected. But the government still has plenty of scopes to boost the economy through higher spending. A six percent increase is quite possible this year.
By Experts Table.Briefings
The director of the Institute of World Economy and Politics at the Chinese Academy of Social Sciences, Yu Yongding, expresses concern about China's growth prospects for the second half of the year. He harbors doubts about the zero-covid strategy and urges the right fiscal and monetary policies to ensure that measures also reach small and medium-sized enterprises.
By Redaktion Table
Instead of six percent, China's economy could grow by over eight percent this year. But exports are unlikely to drive growth as strongly as last year. Private households are not expected to provide an immense growth boost either. To compensate for the lack of aggregate demand, the central bank will have to put more money into infrastructure.
By Redaktion Table
Around ten percent of global GDP is located in tax havens. This is according to international studies. This money hinders the implementation of the 2030 Agenda for Sustainable Development. The international community must increase its efforts to combat corruption and tax evasion.
By Redaktion Table
