Caifu Magazine
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Locality: Vancouver, British Columbia
Phone: +1 778-668-5185
Address: 999 Canada Place, Suite 404 V6C 3E2 Vancouver, BC, Canada
Website: www.caifumagazine.com
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On January 23, Wang Qishan, Vice President of the People’s Republic of China, delivered a speech at the 2019 Annual Meeting of the World Economic Forum. He said, It is a reality that the Chinese and American economies are mutually indispensible, and neither side can do without the other side. He added, China’s door of opening-up will open even wider. With 1.4 billion people, the Chinese market is very attractive. China is willing to share its development opportunities with other countries.
Since January 2019, economic data for 2018 has continually been released. According to the released data, the downward pressure on the Chinese economy increased significantly in December 2018. The National Bureau of Statistics (NBS) and Caixin’s manufacturing Purchasing Managers Index (PMIs) slipped to below the 50-point line separating growth from contraction. The growth rates of import and export turned negative. The sales of passenger vehicles fell by nearly 20 percent in December 2018.
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