The China Economic Report is a bi-annual paper released by the Swiss embassy which analyzes China’s economic situation. These are the most important points of the December report:
- China’s economy is going through a v-shaped recovery
- Consumer confidence is picking up
- Concerns regarding urban employment remain, companies aren’t recruiting that much
- Inward foreign direct investment improved
- China’s foreign trade was first hit hard by the pandemic but recovered quickly in Q3
- By the end of October, Swiss exports to China decreased by 22.7 percent year-on-year
- Imports from China to Switzerland grew by 8.8 percent
- There was no large-scale stimulus package in China and the government was cautious with fiscal and monetary policies
- 14th Five Year Plan: switch from a high-speed to a high-quality development model and focus more on domestic development instead of export
You can find out more about China’s economic situation by reading the full report here.
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