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China's economy managed to withstand external pressures and maintain steady growth in April. Latest data shows that value-added industrial output grew 6.1 percent, while retail sales expanded 5.1 percent. Exports increased by 9.3 percent in yuan terms. China cut its benchmark lending rates for the first time since October last year. What is the current state of China's economy amid the global trade tensions sparked by Trump’s tariffs policies? What policy tools does China have to deal with future economic uncertainties? Where can China find new growth opportunities? Host Zhao Yang talked with Yan Liang, Professor of Economics, Willamette University;Lun Li, Assistant Professor of Economics, Peking University; Professor Qu Qiang, Fellow of Belt and Road Research Center at Minzu University of China.
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China's economy managed to withstand external pressures and maintain steady growth in April. Latest data shows that value-added industrial output grew 6.1 percent, while retail sales expanded 5.1 percent. Exports increased by 9.3 percent in yuan terms. China cut its benchmark lending rates for the first time since October last year. What is the current state of China's economy amid the global trade tensions sparked by Trump’s tariffs policies? What policy tools does China have to deal with future economic uncertainties? Where can China find new growth opportunities? Host Zhao Yang talked with Yan Liang, Professor of Economics, Willamette University;Lun Li, Assistant Professor of Economics, Peking University; Professor Qu Qiang, Fellow of Belt and Road Research Center at Minzu University of China.
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