Gross domestic product expanded 4.9% in the third quarter from a year ago, missing economists’ forecast for a 5.5% expansion
2 min read20 Oct 2020China, where the pandemic began in December, became the first major economy to return to growth after the ruling Communist Party declared the disease under control in March and began reopening factories, shops and offices.
2 min read19 Oct 2020China’s growth slowed to 6.1% last year, from 6.6% in 2018, data from the National Bureau of Statistics showedThe new GDP data comes a day after China and the US signed a long-awaited phase one deal
3 min read17 Jan 2020The new mechanism will unify the standards and procedures for calculating national and local GDP numbersThe Chinese economy grew at an annual pace of 6% in the July-September quarter, the slowest growth since 1992
1 min read29 Dec 2019Since 2013, China’s GDP growth has been too flat and less volatile than other alternate measures of economic activity, suggests new research
1 min read31 Oct 2019China faces a slowing economy, a trade and tech war, and riots in Hong Kong. What does this mean for India?
9 min read10 Oct 2019India focused on import substitution for a long time. So, it never got an export strategy goingIf the Indian economy, like the Chinese, had grown at 9.5% per year since then, the Indian GDP in 2018 would have been $11.4 trillion, almost $600 billion more than that of China
4 min read14 Aug 2019A new research suggests that the ongoing China slowdown may actually be more severe than reported by the Chinese government
1 min read13 Mar 2019The discrepancy came from local governments who are rewarded for meeting growth and investment targetsLocal statistics increasingly misrepresent the true numbers after 2008, researchers wrote
2 min read9 Mar 2019The government is targeting economic growth of 6.0 to 6.5% in 2019, less than 6.6% GDP growth reported last yearThe government is pencilling in cuts of nearly $298.31 billion in taxes and fees for companies
4 min read5 Mar 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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