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With the pandemic controlled and society going back to normal, innovation and digitization are unleashing economic growth in China. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. The country will work to keep its recovery going by continuing to focus on domestic demand, according to Yi, the central bank governor. Millions of Americans are out of work. Are you interested in testing our corporate solutions? (October 13, 2020).

The Chinese government has played a significant role in increasing the research and development investment and governing the innovation market. Industrial production grew 5.8% in the third quarter from a year ago, according to Liu from the NBS. Here we will first analyze why China’s economy keeps booming, even after being shocked by COVID-19, and then elaborate on the new economic directions in China and challenges in the near future. So he walks to school, Restaurant owner: We're back where we started in March, Here's how a Covid-19 vaccine could help the global economy, Fed Chair on stimulus: There's little risk of overdoing it, Mom of three: They shouldn't have to worry how we can eat the next day, Ohio mom facing eviction: I'm just thinking about my kids, Furloughed worker: 'I'm at the top of the roller coaster with no harness', Mom juggling work and remote learning: I can't maintain this. "Value of monthly exports from China from September 2017 to September 2020 (in billion U.S. Trade, COVID-19, and U.S.-China competition are likely to top the agenda during the four-day summit. As Robert Wade puts it, evidence from East Asian countries shows us that the government can, in some circumstances, guide the market to produce better industrial performance than a free market. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. As observed in international trade, the pandemic has severely hit developed countries, causing a steep reduction in the degree of their centrality in trade networks, but has not affected the central position of China. "Value of Monthly Exports from China from September 2017 to September 2020 (in Billion U.S. How well do the claims of neocolonialism stand up?

Factset: FactSet Research Systems Inc.2018. There's much more than technoindustrial policy in China’s Fifth Plenum communique, especially when compared to the 2015 outcomes. All times are ET. Even so, Reuters reported last week that while US exports of soybeans to China have increased, sales between January and July 2020 were the …

A new report into the region's digital economy shows the dramatic effects that the pandemic has had on daily life. China's leaders issued a blueprint for the next five years - and beyond. The goal to spend 2.5 percent of GDP on R&D by 2020 was spelled out in China’s most recent five-year plan and in the 15-year Medium- and Long-Term Program for Science and Technology Development. All rights reserved. Get briefed on the story of the week, and developing stories to watch across the Asia-Pacific. You need at least a Single Account to use this feature. Shenzhen has the highest proportion of “engine room” population of any city globally. This statistic is not included in your account. ASAP or maybe never: In August, the WHO wanted to visit Turkmenistan ASAP to test suspected COVID-19 samples.

facts. Asian markets were fairly muted in Monday trade following Beijing's announcement. Most stock quote data provided by BATS. During that time, hundreds of millions of people traveled around the country and spent money. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. More people are "willing to come out from their homes and spend money in the physical shops" as the pandemic has been brought under control, said Liu Aihua, a spokeswoman for China's National Bureau of Statistics, at a press conference in Beijing. Retail sales were up 0.9% in the third quarter from a year ago, with a 3.3% gain in September alone, statistics showed Monday.

Change in monthly exports in China 2017-2020 Value of basic metal and its products exported from Taiwan 2011-2019 Value of animal and vegetable oils and fat exports from Taiwan 2011-2019 Exports for the first 10 months of 2020 rose 0.5% over the same period a year earlier to $2 trillion, the first positive year-to-date figure. Then you can access your favorite statistics via the star in the header. The central government puts great emphasis on the reform of the system for scientific and technological innovation and further improvement of innovation ecology. The move follows reports by human rights groups that MEHL has directly funded the commission of crimes against humanity. Xi presided over a symposium of scientists. and over 1 Mio. Updated 1325 GMT (2125 HKT) October 19, 2020. While much of the world scrambles to prevent new waves of coronavirus from stalling the fragile recovery from recession, China’s economy seems to be hitting its stride. ", China Customs, Value of monthly exports from China from September 2017 to September 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/271616/monthly-value-of-exports-from-china/ (last visited November 12, 2020), Value of monthly exports from China from September 2017 to September 2020, Value of the leading merchandise exporters worldwide 2019, by exporting nation, Share of China's exports in global exports 2019, Annual change of exported goods from China 2009-2019, Value of exports from China by month 2017-2020, Export of goods from China 2018, by region, Commercial service export breakdown by category in China 2019, Main export partners of China 2019, based on export value, Trade balance of the European Union with China 2009-2019, Value of EU imports from China 2019, by commodity, U.S. import growth of trade goods from China 2009-2019, Export value of primary and manufactured goods from China 2019, Export value of primary goods from China 2019, by product category, Export value of manufactured goods from China in 2019, by product category, Export value of crude oil from China 2018, Number of vehicles exported from China 2009-2019, by type, Export value of rice from China 2009-2019, Export value of cotton from China 2009-2019, Change in monthly exports in China 2017-2020, Value of basic metal and its products exported from Taiwan 2011-2019, Value of animal and vegetable oils and fat exports from Taiwan 2011-2019, Distribution export food and drinks industry in the Netherlands 2018, by subsector, Value of jewelry and precious metals exported from Taiwan 2011-2019, Top 5 footwear export partners Luxembourg 2018, by export volume, Top 5 footwear export partners the Netherlands 2018, by export volume, Value of shoes, hats and other and accessories exported from Taiwan 2011-2019, Top 5 footwear export partners Belgium 2018, by export volume, Footwear exports from Belgium in 2018, by type, Footwear exports from Sweden 2018, by type, Value of nonmetallic mineral products exported from Taiwan 2011-2019, Merchandise trade export value from Canada to China 2013-2019, Costa Rica: rubber sector exports value 2013-2017, Austria: export value of artificial parts of the body 2012 to 2019, Value of exports from Indonesia to South Korea 2013-2019, Import value of equipment for photographic laboratories in the UK 2011-2017, United States: export value of chemicals and products from the UK 2012-2018, Automotive Industry in China: Imports and Exports, Value of monthly exports from China from September 2017 to September 2020 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, China’s total gross domestic product (GDP).

In September alone, industrial production increased 6.9% from a year ago, the most in a single month this year. Number of Starbucks locations worldwide 2003-2019, Market share of leading carbonated beverage companies worldwide, Total number of Nike retail stores worldwide 2009-2020, Revenue and financial key figures of Coca-Cola 2009-2019, Profit from additional features with an Employee Account. October 13, 2020. Profit from additional features by authenticating your Admin account. Register in seconds and access exclusive features. Its rise is a case study for China’s continued economic boom. Continued recovery is anticipated, which will benefit the global recovery," said Yi Gang, the governor of the People's Bank of China, on Sunday. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Click here to subscribe for full access. Other sectors recovered at an even faster pace than they did earlier this year.

You only have access to basic statistics. At the 40th anniversary of the establishment of the Special Economic Zone in Shenzhen, President Xi Jinping announced support for the city’s pilot reform with comprehensive authorization, with requirements on comprehensively deepening reform, broadening openness, modernizing the governance system, and actively promoting the development of the Guangdong-Hong Kong-Macao Greater Bay Area. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. A paid subscription is required for full access.

In fact, economic recovery might not be a proper term to describe China’s economic boom, as in China’s case the pandemic caused something more like stagnation than a recession. Today's right-wing politics has a transnational element, resulting in eerily similar conspiracy theories about voter fraud in the U.S. and South Korea. China continued its years-long run of double-digit percentage increases in spending on R&D in 2019. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Statista. "Beijing's new master plan that focuses more on 'internal circulation'... is becoming increasingly evident," they wrote. Learn more about how Statista can support your business. Second, the dynamic young workforce made Shenzhen a focal point of exchange and growth for a new generation of Chinese innovators.

One of the most encouraging parts of China's recovery has been the recent rebound in consumer spending, according to analysts. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from.

dollars)." New, Everything you need to know about the industry development, Find studies from all around the internet. Please create an employee account to be able to mark statistics as favorites. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Winter smog, religious festivals and election campaigns pose a crucial test of India’s pandemic management.

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Chart. As a Premium user you get access to background information and details about the release of this statistic. Small businesses were walloped by the outbreak earlier this year, leading Beijing to relax the conditions companies need to meet to obtain loans — a decision authorities. Shenzhen has been regarded as China’s reform landmark for 40 years and is now deemed as one of the world’s leading innovation hubs. You need a Single Account for unlimited access. Us, Write Then you will be able to mark statistics as favourites and use personal statistics alerts. Analysts at Nomura said in a research note Monday that they think Beijing will maintain its "wait and see" approach as the country gauges the rest of its recovery and contends with external pressures, including its tensions with the United States. Technology and new energy vehicle production have been a major driver. The goal to spend 2.5 percent of GDP on R&D by 2020 was spelled out in China’s most recent five-year plan and in the 15-year Medium- and Long-Term Program for … COVID-19 has accelerated the pace of digitization in Singapore and Shenzhen and made the digital connectivity between two parties “even more pertinent.” The two cities have agreed on eight memoranda of understandings (MoUs) regarding greater access to market opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and Southeast Asia. That has helped stabilize consumption even more, she added. China’s recent improvements in IP protection can’t overcome the fact that its legal system will never offer a level playing field. He said during his Sunday speech that the domestic market will play a bigger role in generating demand.

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