China's Economic Overview and Challenges
This will translate into 3 key trends in 2022: common prosperity,
self-sufficiency in technology, and decarbonisation
•
•
Common prosperity
Address wealth inequality by
ensuring fairer market
competition and reducing
monopolies
Push up birth rate by
deflating housing bubble,
lowering education and
medical costs, and improving
social welfare. These
measures will benefit the
mass-affluent class
BEA東亞銀行
Self-sufficiency in technology
.
.
Formulate plans to strengthen
basic research
Promote manufacturing
upgrading and raise "little
giants" in niche markets
Nurture home-grown talent
& recruit top professionals
from around the world",
particularly in Beijing,
Shanghai, and the Greater
Bay Area
.
Decarbonisation
Renewable energy and other
low-carbon technologies will
see larger investment, aided by
the People's Bank of China's
low interest rate credit
covering 60% of green loans
granted by banks
However, environmental
information disclosure will add
costs for companies, and there
is no evidence green financing
has a lower default rate
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