26 Mar 2021
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On Tuesday, the Shenzhen municipal government announced that it had developed a new Gross Ecosystem Product (GEP) system to measure economic development.
Why it’s a big deal: In Shenzhen, GEP will now be used alongside GDP as a core measure of government performance.
Some context: T...
April 16, 2024
China’s economy grew strongly in the first quarter of 2024. According to data released by the stats bureau (NBS) on Monday: Real GDP grew 5.3% in Q1 2024, up from 5.2% in the previous quarter On a seasonally adjusted quarter-on-quarter… Read More »
April 15, 2024
China and North Korea have lots to talk about. On Saturday, Zhao Leji, chairman of the legislature (NPCSC) and China’s third-ranked official, met with North Korean Supreme Leader Kim Jong-un. ICMYI: On Thursday, Zhao talked up cooperation with his North… Read More »
April 15, 2024
The State Council is increasing pressure on local governments and state-owned enterprises (SOEs) to pay private businesses on time. The latest: On Friday, the State Council executive meeting, chaired by Premier Li Qiang, discussed setting up a "long-term mechanism" to… Read More »