Xie Feng

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A Chinese flag hangs near an automated parcel-handling line at a warehouse in Beijing in November 2020. (Mark Schiefelbein/AP)

The Chinese economy has been in the headlines recently. How is it really doing? Better than you might think. Allow me to share some facts with you.

This year, China’s economy continues to recover and grow. Our gross domestic product expanded 5.5 percent for the first half of the year, outpacing most major economies. The World Bank has projected China’s economy to grow at 5.6 percent for 2023. The Organization for Economic Cooperation and Development expects 5.4 percent, and the International Monetary Fund projects 5.2 percent. As it has for many years, China remains a most important engine of global growth.…  Seguir leyendo »

Community workers and volunteers in Wuhan, China, packing groceries purchased through group orders after supermarkets stopped sales to individuals in the midst of the epidemic. Credit China Daily/Reuters

China is making headway in the battle against the Covid-19 epidemic. The daily number of new confirmed cases is declining nationwide, including in Wuhan, the epicenter of the outbreak, and other cities in the province of Hubei. Suspected infections are being diagnosed more quickly. As of Thursday, out of about 78,800 confirmed cases, some 2,780 people had died and more than 36,000 had recovered.

Treating the people’s lives and health as a top priority, President Xi Jinping and the central government have acted decisively. More than 42,000 medical workers from across China rushed to Hubei. Comprehensive measures have been taken at the community level to track the health situation of the people.…  Seguir leyendo »