Despite global disruptions of supply chains during the pandemic, China’s trade surplus in 2021 rose to US$676.43 billion.
as well as the five-year LPR on Thursday. Loan prime rates affect the lending rates for corporate and household loans in the country.as industrial production rose steadily through the end of the year, according to official data from China's National Bureau of Statistics released Monday. GDP in the fourth quarter rose 4% from a year ago, faster than analysts expected.
"China's economy is almost running on two tracks.
"Given the zero-Covid policy and the difficulty in terms of traveling tourism, even spending over the upcoming holiday season is going to be quite weak," Cochrane added. The Lunar New Year — which starts in early February this year — is China's biggest holiday season, with millions of people crisscrossing the country to join loved ones for the Spring festivities.and hiring still soft, China is expected to continue its policy easing measures to boost the domestic economy.
"This is why the PBOC has been front loading on monetary policy easing, including policy rate cuts well as net injection of medium to long-term liquidity," said Zeng, referring to the
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