China's industrial output rose 7% in November from a year earlier, and retail sales expanded 5%. The data shows the breadth of the recovery since a contraction in output in Q1.
Market reforms introduced under China's top securities regulator since early 2019 include a flexible approach to pricing IPOs in Shanghai and Shenzhen among other changes.
China's focus on consumers is understandable as any percentage of some 1.4 billion people who feel poorer or have lost money can undermine social stability, priortised by the govt.
Premier Li said the country will not pursue a trade surplus, an issue that’s been a source a tension with US. China will maintain equal importance for imports and exports, he said.
Xi told the CPC Committee the economy could double in size by 2035. That would imply an annual average growth rate of 4.7%-5%, according to a range of forecasts from economists.
China’s Communist Party is expected to release two policy blueprints at the end of 4 days of meetings -- Their 5-year plan & a longer strategy document that stretches until 2035.
China managed to capture a record market share of global exports by quickly reopening its factories while the rest of the world grappled with lockdowns.
News channels were also in two minds about removing stray dogs to the government dog pounds. NDTV took credit for it and CNN-News 18 called ‘controversial order’.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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