Photo: AFP/Cfoto
Eurasia
22/01/2024 13:51
The total value-added industrial output went up 4.6 percent year-on-year in 2023, up 1 percentage point from that of 2022, Xin said.
By the end of November last year, the number of large industrial enterprises reached 483,000, up 32,000 from that at the end of 2022, he added.
There are many aspects of the Chinese economy that are interesting. The most striking thing about the economy from a Western perspective is that while the Chinese economy is a market-based economy insofar as prices are set by the market, investment in China remains tightly controlled by the government.
The West's response to the challenge of a rising China is bloc formation, which is not in the interest of smaller countries. It would be advisable to change the sanctions regime and focus on mutually beneficial, win-win cooperation.