Xi Jinping’s new frontline corporate guard showcases his priorities, control

Xi Jinping’s new frontline corporate guard showcases his priorities, control

President Xi Jinping has shifted focus towards private sector giants such as BYD, Huawei, and Alibaba to boost China’s technological self-reliance amidst the ongoing technology war with the U.S. This move highlights a significant change in the Chinese leadership’s perception of the private sector’s role in economic growth. Source link

Goldman Sachs lowers China 2024 growth forecast to 4.9%

Goldman Sachs lowers China 2024 growth forecast to 4.9%

Goldman Sachs on Monday lowered its forecast for China’s 2024 gross domestic product to 4.9% from 5.0% on the back of data showing that the country’s economy slowed in the second quarter. “To counteract weak domestic demand, we believe more policy easing is necessary through the remainder of this year, especially on the fiscal and … Read more