Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
the economy of modern China is developing
Economy

Economy of modern China: annual results of GDP data

06.07.2020
2 min read

The other day the National Bureau of Statistics of PRC published the results of last year’s GDP change. The experts also offered their forecast according to the current trends. In general, the economy of modern China shows a slowdown in growth due to the consequences of the trade war with the US.

The economy of modern China: the processes that affect its growth

According to last year’s results, GDP grew by 6.4%. According to forecasts for the next year, this indicator may increase to 6.6%, which is the lowest since 1990.
Gross Domestic Product refers to the total market value of goods and services produced in the country during this period. Gross Domestic Product includes all sectors and segments of the economy.
China remains the world’s major exporter and has held leadership for a long time. But that situation could change. China is actively attracting foreign investment. Due to favorable conditions for doing business, many companies from Europe, the USA and Japan are moving their production to China. Tense relations with the United States force many entrepreneurs to give up cheap Chinese labour and return factories and plants to their home countries.
The interest of foreign investors is also falling, which recently focused on Indonesia and Vietnam, where the cost of production is less. Innovative solutions are also playing a role, which allow to automate processes and involve less human labor.
Experts estimate the state of the modern Chinese economy in two ways. On the one hand, the processes observed in relations with the U.S. may shake the country’s position in the global market. But on the other hand, China has a great influence on various regions, which can strengthen and expand relations with foreign trade partners.
One should not lose sight of the fact that China holds the leading position in the import of fossil energy resources and raw materials for the industrial sector. China’s domestic market is a tidbit for many exporters.

the economy of modern China is developing

The current direction of China’s development is now described as neocolonial. It has an impact on the processes in Southeast Asia, the African continent, the Middle East and parts of Europe.
This position of Beijing has every chance to strengthen and become the best option for the economy in case of an aggravation of the trade war with the United States.
The results of the statistical bureau should not be taken as final. Quite often, data on the macroeconomic situation are exaggerated in order to create a certain image for the country. Therefore, all results and forecasts should not be trusted; they should be treated critically and considered in conjunction with global processes. As an example, after the presented report, some media published a GDP figure calculated according to another formula and it was only 1.67%.

Tags: Economic
0
Previous Post Investor offer: types and application to bonds Next Post Margin requirements for the stock market: essence of the concept

You Might Also Like

Introduction of import duties
Economy
Introduction of import duties: how did the United States respond to the French digital tax?
14.10.2020
Africa's largest economy Nigeria
Economy
Africa’s largest economy plans to increase the size of sovereign wealth fund
18.05.2023
economic dedollarization
Economy
What is the dedollarization of the economy in the case of China
05.08.2020
Spain's economy grows
Economy
Spain’s economy performs best in the EU
25.03.2025
Saudi Arabia's plans
Economy
How Saudi Arabia’s plans to reduce the cost of oil may turn out to be
02.01.2021
Canadian cars
Economy
By 2035, all Canadian cars must have zero emissions
02.04.2022

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics