The government has not set a GDP growth target for 2020, granting more policy flexibility to the authorities. Foreign businesses […]
China’s annual parliamentary meetings, known as the Two Sessions or Lianghui, are set to convene on 21st and 22nd May. The meetings of the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC) set out the government’s economic and social agenda for the coming year, as well as its yearly growth targets.
10 February 2020, Beijing—Last week the British chambers of commerce in China surveyed our members on the impact of the […]
The novel coronavirus is likely to bring 2020 annual GDP down to 5.4-5.7%. The economy has mainly been affected by an unexpected drop in household consumption, supply chain disruption and the uncertain investment environment. British businesses are optimistic about long-term economic recovery and remain committed to the market.
● The depreciation of the renminbi below 7 to the US dollar last week marks a significant development in the US-China trade war. ● In addition to increased production costs, companies may see a slight rise in the rate of inflation. ● Signals from Beijing indicate that after the initial drop, the renminbi is unlikely to devalue too dramatically, unless further developments in the trade war push Beijing towards a more aggressive monetary policy.