Kloepfel MagazinKloepfel Magazin
    Top Article

    Kloepfel Group awarded “Best Consultants” for the eighth year in a row

    20. March 2023

    Technical procurement

    20. March 2023

    Technical sourcing: Win-win for customers and suppliers instead of price squeezers

    20. March 2023
    Facebook Twitter Instagram
    • Kloepfel Group
    • Kloepfel Consulting
    • Kloepfel Karriere
    LinkedIn Twitter Facebook Instagram YouTube
    Kloepfel MagazinKloepfel Magazin
    • START
    • NEWS
      • HWWI
      • INTERVIEWS
      • CAREER
      • KLOEPFEL GROUP
      • WHITEPAPER
      • SURVEY
      • INDUSTRY NEWS
        • ENGINEERING
        • LOGISTICS
        • SUPPLY CHAIN
    • NEWSLETTER
    • CONTACT
      • IMPRINT
      • PRIVACY POLICY
    Kloepfel MagazinKloepfel Magazin
    Home»Industry News»Supply Chain»China announces no growth forecast for the first time since 1990
    Supply Chain

    China announces no growth forecast for the first time since 1990

    By Kloepfel28. May 2020Updated:23. June 20202 Mins Read
    LinkedIn Facebook WhatsApp Email
    Share
    LinkedIn Facebook Twitter WhatsApp Email

    “We must redouble our efforts”

    Because of the difficult to assess situation – caused by the corona virus – China’s leadership has announced that for the first time since 1990 no growth target can be set. Hong Kong has also introduced a new law. At present, the annual meeting is held in the National Congress rounds. About 3,000 delegates from all over China travelled to the capital for the event. Because of the circumstances this year, many things were handled differently than usual. This year, for example, the annual meeting will take place in May and not in March and all delegates have to wear protective masks in the Great Hall of the People.

    China is strongly criticized

    China’s Prime Minister Li Keqiang states in his government report: “Our country is confronted with developments that are difficult to predict”. This is why the growth forecast for 2020 is omitted. There is too much uncertainty about the corona pandemic and the global economic environment is too fragile.

    Despite various criticisms, such as that crisis management began only hesitantly and the outbreak of the virus was covered up, head of government Li appeals – the first stage in the fight against the corona virus has been won, but further challenges will follow. Strategic successes have been achieved in the prevention, containment and control of the pandemic, Li pleads. He emphasised that “everyone in the country has contributed to this”. However, one should not lull oneself into a false sense of security, because the end of the pandemic is not yet in sight and the challenges will continue to be very great. Li explains: “We must redouble our efforts to minimise losses from the corona virus – and at the same time achieve our goals for economic and social development”.

    Investing against the crisis

    The report of the head of government contains measures to strengthen the Chinese economy. These include an investment programme for digital infrastructure, tax breaks and more affordable credit for private companies. Government bonds of around one trillion yuan (128 billion euros) are to be made available to provide additional support for the economy. In addition, military spending for 2020 will be increased by 6.6 percent compared to the previous year.

    Source: www.kloepfel-magazin.com

    Share. LinkedIn Facebook Twitter WhatsApp Email

    Related Posts

    Stellantis invests $155 million in McEwen Copper

    20. March 2023

    Significantly fewer companies planning price increases

    20. March 2023

    BMW buys aluminum from sustainable production

    20. March 2023

    Stellantis buys nickel sulfate from Terrafame

    13. February 2023

    “Collaboration in the Supply Chain”

    13. February 2023

    Producer prices up 21.6 percent year-on-year in December

    13. February 2023

    Comments are closed.

    Top Artikel

    Kloepfel Group awarded “Best Consultants” for the eighth year in a row

    By Kloepfel20. March 2023

    As part of a representative survey conducted by the independent business magazine brand eins and…

    Technical procurement

    20. March 2023

    Technical sourcing: Win-win for customers and suppliers instead of price squeezers

    20. March 2023

    In procurement lies the profit

    20. March 2023

    Dangers from cyber attacks

    20. March 2023
    Stay In Touch
    • Facebook
    • Twitter
    • Instagram
    • LinkedIn
    About us
    About us

    Das Magazin für den effektiveren Einkauf!

    Kloepfel Consulting GmbH
    Pempelforter Strsse 50
    40211 Düsseldorf

    Telefon: +49 211 941 984 33
    E-Mail: info@kloepfel-consulting.com

    New Article

    Kloepfel Group awarded “Best Consultants” for the eighth year in a row

    20. March 2023

    Technical procurement

    20. March 2023

    Technical sourcing: Win-win for customers and suppliers instead of price squeezers

    20. March 2023
    © 2023 Kloepfel Consulting GmbH All rights reserved
    • Home
    • News
    • Contact
    • Imprint
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.