Vice Premier Liu He addressed the World Economic Forum’s annual meeting in Davos, Switzerland, just hours after Beijing releasedeconomic data for the fourth quarter, fueling hopes of a more rapid recovery in 2023.
China’s decision to stop widespread testing and tracking of the virus makes it difficult to know if the outbreak has peaked nationally. Several officials have declared that the peak is past in some parts of the country, just six weeks after China abandoned all of its Covid curbs. Liu also tried to address concerns that Beijing is clamping down on private businesses. He said a return to a planned economy was impossible, while a government drive for “common prosperity” does not mean enforcing strict equality, and requires entrepreneurial effort.
The speech came on the day China announced its population shrunk by almost 1 million in 2022, the first decline since the 1960s. That means China will need to rely more on productivity to drive growth going forward. Several Davos delegates pointed to a reopened China as reason to be tentatively optimistic about the global economic outlook.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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International Finance: China reopening is mixed blessing for emerging-market assetsThe China reopening story is fast becoming the most important trading theme in emerging markets, so figuring out its potential impact across asset classes is vital for global investors.
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International Finance: Treasuries will leave Europe’s bonds in the dust, investors sayThe inflation fight in Europe will drag for so long that it will tarnish the appeal of the region’s debt this year, a survey of investors shows.
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International Finance: Asian stocks climb; dollar edges lower, yen gains: markets wrapAsian shares started the week higher with a tailwind from US stocks closing at the highest in a month as easing inflation expectations fuel January’s global share rally. The dollar declined.
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International Finance: European stocks rise as US futures signal caution: markets wrapA gauge of global equities faltered after its best start to a year in a generation as investors assessed whether the rally had gone too far given the outlook for inflation, growth and earnings. European stocks rose.
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International Finance: Davos 2023: geopolitics gets realIf there was an underlying theme to Davos 2020, it was the environment and Swedish activist Greta Thunburg was its star. If there was an underlying theme to Davos 2022, it was the Ukraine conflict and its consequences, with Ukrainian President Volodymyr Zelensky being its star. If there is to be an underlying theme to Davos 2023, my guess is that it will shape up to be the process of dealing with geopolitics and their consequences, and its star (or villain) will be the ghost of conference non-attendee Vladimir Putin. That's why Cyril didn't go.
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International Finance: Goldman sees ‘bullish concoction’ for global commoditiesCommodities have the strongest outlook of any asset class in 2023, with a perfect macroeconomic environment and critically low inventories for almost every key raw material, according to the head of commodities research at Goldman Sachs Group.
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