Economics

Economics
China economy
January 18, 2024
On January 17th, the National Bureau of Statistics released data stating that China's GDP grew by 5.2% in 2023. For foreign media outlets that have been promoting the notion of "China's rise is about to peak" recently, the 5.2% growth rate truly leaves them with mixed feelings.
How Biden’s CHIPS Act Hurts TSMC?

March 1, 2024

Both Chinese mainland and Taiwanese chip manufacturers are facing the challenges of the CHIPS Act, making the global supply chain even more unstable than Biden’s mental state.

China-US

Editor's Pick

The highlights of China’s 2023 Central Economic Work Conference

December 22, 2023

The annual Central Economic Work Conference was held in Beijing from December 11th to 12th as Chinese leaders decided priorities for the economic work in 2024. Here are some highlights that the China Academy editorial team select from the full communiqué of the 2023 Central Economic Work Conference.

Conference
The Wealth Gap is Enormous but Americans Insist It is a Personal Issue

December 12, 2023

In many countries, the large wealth gap is usually not acceptable and the government would be criticized but it seems exceptional for the American people. According to a Financial Times report, American people realized they were under ‘extremely unfair’ wealth distribution. Interestingly, they believe it is not responsible for the government to narrow down the wealth gap but for the people with low income.