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China's economy is growing at a trend rate of 5.5 percent, primarily due to the post-pandemic reopening rather than fiscal thrust or accelerated credit creation, Mehran Nakhjavani, emerging markets strategist and partner at research firm MRB Partners, said in a report.
China's interbank treasury bond index in net price opened higher at 985.6 points Tuesday. [Photo/Sipa]
China's economic resilience has stemmed from the sustained demand for services and goods, despite the rapid economic growth in recent years. The epidemic won't change these dynamics given China's nascent consumption boom, said Patrick Tsang, CEO of Deloitte China.
China's civil aviation regulator has temporarily stopped issuing airworthiness certificates for Boeing 737 Max 8s because of safety concerns, a move an expert said will bring huge economic losses to Boeing.
China's energy revolution is sparking a swifter global transition to clean power, according to a new study, meaning that, in two decades, the world could generate 40 percent of its power from renewable resources.