Decoding China’s economic resilience
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Decoding China’s economic resilience
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About this listen
China's trade in goods continued to grow in the first five months of the year. From January to May, foreign trade totaled nearly 18 trillion yuan or around 2.5 trillion US dollars. That represents a 2.5% increase despite the uncertain global economic environment. Several multinational investment banks, including JP Morgan, Goldman Sachs, and UBS, have raised their forecasts for China's GDP, citing the positive impact of the government's growth policies. Why are they upbeat about China’s economy and capital markets? Where is the economic resilience coming from? Host Zhao Yang spoke with Li Lun, an assistant professor of economics at Peking University; Dr. Zhou Mi, a senior research fellow with the Chinese Academy of International Trade and Economic Cooperation; and Yan Liang, a professor of economics at Willamette University.