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.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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