Saturday 25 September 2021
Home      All news      Contact us      RSS     
scmp - 13 days ago

China’s economic buzzwords explained, from ‘common prosperity’ to ‘dual circulation’

China is writing a new chapter in its development strategy, and its using a host of terms that do not appear in mainstream macroeconomic textbooks. Here are some of the buzzwords on the lips of the nation’s leaders.1. Cross-cyclical adjustmentThe term refers to policy actions across business cycles and first appeared in a July statement from the Politburo, the 25-member decision-making body headed by President Xi Jinping. It marks a shift from countercyclical policies, which are direct fiscal…


Latest News
Hashtags:   

China

 | 

economic

 | 

buzzwords

 | 

explained

 | 

common

 | 

prosperity

 | 

circulation

 | 

Sources