Can China revive the economy affected by COVID? | Business and economics

from: Counting costs

The Chinese government has announced a 33-point stimulus plan to get the economy back on track.

China has been the largest source of global economic growth for the past 20 years. And he has long opposed the predictions that he will hit a wall soon.

But COVID’s harsh blockades, repression of technology companies and the collapse of real estate have challenged the expansion of the world’s second-largest economy. Many financial institutions predict that growth will not reach Beijing’s target of about 5.5% this year, for the first time in decades.

Elsewhere, the UK plans to cancel parts of its post-Brexit trade agreement with the European Union. But can it be so? And how will businesses be affected?

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