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According to the Central Economic Work Conference, boosting consumption is at the forefront of China’s economic strategy. Wang Yaojing, an assistant professor of economics at Peking University, says the decision is a result of the country's shift to a consumption-driven economy. She also says emerging sectors like digital innovation, green tech, and winter sports are expected to be key drivers of China’s economy in 2025. #ChinaEconomy #Consumption #IceAndSnow | CGTN China24 | Facebook
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The accompanying table shows the U.S. domestic demand schedule and domestic supply schedule for oranges. Suppose that the world price of oranges is 0.30 per orange. a. Draw the U.S. domestic supply curve and domestic demand curve. b. With free trade, how many oranges will the United States Import or export? Suppose that the U.S. government imposes a tariff on oranges of 0.20 per orange. c. How many oranges will the United States import or export after introduction of the tariff? d. In your dia
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Earlier this month, official data showed that consumer spending played a big role in China's economic growth in the first quarter this year, and the trend is likely to continue. How will the rebound in spending affect China's overall economic projections for 2023? Chen Jiahe, Chief Investment Officer at Novem Arcae Technologies, shared his views with us. #MAYDAYHOLIDAY #ChinaEconomy | CGTN China24 | Facebook
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