Tag: Davos (Switzerland)

China Premier Li Qiang Says Economy Grew ‘Around 5.2 Percent’

Media Library

China’s second-highest leader said Tuesday that his country’s economy had grown “around 5.2 percent” last year, providing an unusual early glimpse of important economic data a day before its official release. Speaking at the World Economic Forum in Davos, Switzerland, Premier Li Qiang, the second-highest official in China after Xi Jinping, said that China had beat its target last year of economic growth of about 5 percent. He also insisted that China had managed to expand the economy without using risky or short-term measures, like large spending or credit programs.…

The War in Ukraine Upended Energy Markets. What Does That Mean for the Climate?

Chin@Strategy

This article is part of our special report on the World Economic Forum’s annual meeting in Davos, Switzerland. As world leaders, chief executives and nonprofit leaders descend on Davos, Switzerland, for the annual meeting of the World Economic Forum next week, war will be raging about 1,000 miles away. Russia’s invasion of Ukraine almost one year ago has reordered the geopolitical landscape, sent ripples through the global economy and brought trench warfare back to Europe. Yet beyond the enormous human suffering and catastrophic damage inflicted on Ukraine, its people and…

China Sets Aside Push to Spread Wealth in Pivotal Year for Xi

Chin@Strategy

BEIJING — For much of last year, China’s top leader, Xi Jinping, waged a fierce campaign to rein in private capital and narrow social inequalities. Regulators cracked down on tech giants and wealthy celebrities. Beijing demanded that tycoons give back to society. And the Communist Party promised that a new era of “common prosperity” was on the horizon. Now, the Communist Party is putting its campaign on the back burner. In doing so, Beijing is tacitly acknowledging that Mr. Xi’s push to redistribute wealth has unnerved the private sector —…