China's economy has faced several hurdles on its path to economic recovery, starting with the draconian zero-COVID policies that hampered activity and led to a supply chain crisis.
China has set up an ambitious series of reforms for its economy in an effort to boost growth amid a slide in the housing market and spending weakness – primarily economic growth of 'around 5%' this year. 'Achieving 5% growth will be challenging,' Elaine Dezenski, senior director and head of the Center on Economic and Financial Power at the Foundation for Defense of Democracies, told Fox News Digital.
' AUSTRALIA'S PRIME MINISTER VOICES CONCERNS OVER SOUTH CHINA SEA DISPUTES AT SOUTHEAST ASIAN SUMMIT Officials have admitted that the Chinese economy faces significant resistance, but achieving 5% growth by the end of the year has provided plenty of optimism about their ability to continue fighting off what could prove to be a devastating slowdown in growth. But Beijing missed its growth targets in 2022, achieving only 3% after setting a goal of 5.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China’s First Cruise Ship: Made in China, Sourced from EuropeThe Adora Magic City is heavily reliant on foreign technology. According to the cruise’s chief designer, only 30% of the ship was built by domestic suppliers, while the rest was sourced from Europe.
Read more »
Fact Check: False: Long COVID is a rare occurrence in the U.S.Nearly four years after the first confirmed COVID-19 case, COVID-19 continues to rear its ugly head for millions in the form of Long COVID.
Read more »
2024 Recruitment notice Shenzhen Institute of Synthetic Biology: Shenzhen, China - Shenzhen,China job with Shenzhen Institute of Synthetic BiologyJob Highlights Growing International R&D Team Job Type: Full-time, Five-day/week Recruiting Positions(Job vacancies) Professor Track： • Professor • Associate Professor • Assistant Professor Engineering Track： • Senior Engineer • Engineer • Assistant Engineer Professional： Physics, mathematics, artificial...
Read more »
China’s State-Sponsored Hacking Record Invalidates Claims of InnocenceChina has a documented history of malicious and espionage cyberattacks around the world, most of which are linked to Chinese government actors.
Read more »
Exclusive: China Has Rapidly Increased Market Share of U.S. Medical Glove Imports During Biden PresidencySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Don't count on a soft landing for the U.S. -- or the global economyDevelopments in China, Europe and the United States portend big challenges ahead
Read more »