China releases key economic data this week on trade and consumer prices.
We’ll discuss the country’s economic recovery and what it means for the global economy.
China’s economy expanded over 6% in the second quarter this year, according to the National Bureau of Statistics. It grew 5.5% in the first half of the year above the government’s target of nearly 5% for 2023.
In another sign of China’s economic recovery, the purchasing managers’ index for the manufacturing sector, a key measure of China’s factory activity, came in at 49.3%, an increase from May and June.
The Chinese government has issued several policy and support measures to boost confidence, ensure a sustained recovery and promote high-quality development.
Joining the discussion:
- Klisman Murati is the founder of Pareto Economics, a global affairs research consultancy and the creator of the Global Power Index.
- Arthur Dong is a professor with the McDonough School of Business at Georgetown University.
- Edward Tse is the Founder and CEO of Gaofeng Advisory Company.
- Qu Qiang is the Assistant Director of the International Monetary Institute in Beijing.
WATCH: China's Alibaba reported its strongest quarterly revenue growth in almost two years, boosted by a mid-year shopping festival that attracted bargain-hunting consumers amid a sober economic environment https://t.co/mBG5K3QN41 pic.twitter.com/Al1vN29LGD
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