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Nevertheless, it is difficult to separate cyclical elements

and external shocks from the long-term trend and to conclude that China’s potential growth rate really is 6-6.5 percent. Many Chinese economists cite long-term supply-side structural factors-such as demographic agi ng, environmental degradation, and a lack of progress on reform-to argue that China has simply en tered a new stage of development, characterized by significantly…

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China’s tech heavyweights said the digital economy ha

s become a driving force behind economic growth, and interne t companies should concentrate on making breakthroughs in core technologies. “The country is narrowing the gap with developed countries, especially in autonomo us driving, cooperative vehicle-infrastructure systems and intelligent transportation. We started a little late, but o ur pace is faster and our potential is…

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Military drill near Taiwan ‘necessary’sman for the State Coun

Mainland slams response by island’s leader, who called exercise ‘a threat’ A spokesman for the Chinese mainland said a military drill by Chinese bombers and warships around Taiwan on Monday was routin e and slammed the island’s administration for misleading the Taiwan people and hyping tensions. On Monday, various warships, bombers and reconnaissance aircr aft…

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