SHANGHAI — It has become increasingly clear in recent years that China has begun to shift away from its export-driven economic-development model to an “internal circulation” strategy that emphasises expansion of domestic demand.

 SHANGHAI — The narrative that China’s economy is nearing its peak — or has already reached it — has taken hold in Western media. But if you read the doomsayers’ analyses carefully, you will find that many of the reasons they give for their bleak assessments are not new.

SHANGHAI — The strong growth rebound that was widely expected to follow the end of China’s zero-COVID policy has yet to materialise.

SHANGHAI — Chinese bank deposits increased by CN¥26.3 trillion ($3.9 trillion) last year, according to recent data from China’s central bank, the People’s Bank of China (PBOC).

 SHANGHAI — When Western economists and historians analyse China’s spectacular economic transformation over the past four decades, they tend to emphasise the productivity boom unleashed by the start of market-oriented reforms in 1978.

SHANGHAI  —  Last January, China’s government forecast that the country’s economy, which, at the time, was experiencing a strong rebound after the initial pandemic slowdown, would grow by 5.5 per cent in 2022.

SHANGHAI  —  When high levels of capital investment spending fueled a sustained increase in Chinese inflation from 1991 to 2011, the authorities quickly brought the situation under control, and over the last decade, CPI has rarely exceeded 2 per cent, compared to 5.4 pe

SHANGHAI  —  A tough decision to lockdown Shanghai, China’s largest city, shocked the world. After six weeks, and despite a sharp decline in infections, Shanghai’s lockdown has imposed enormous costs on the city and its residents.

SHANGHAI  —  In terms of geopolitical impact, nothing could be more important than the United States’ shift from strategic cooperation to strategic competition with China.