China Unveils New Measures to Boost Foreign Trade amid Economic Recovery
At the end of 2022, the global economic outlook is darkened. The head of the International Monetary Fund said in early December that by 2023, at least one-third of the world’s countries are expected to fall into recession. Under this profound change, the relationship between China and the world has become a heated topic. In the past three years, the COVID-19 pandemic and the conflict between Russia and Ukraine have plunged the world into disputes. As the largest country in the world’s trade in goods, the rise and fall of China’s exports are closely related to the future prospects of the world.
In the past two years, China’s exports have been growing against the global trend, especially in 2021, China’s exports increased by 21.2%. However, China’s export trade prospects are still facing many uncertainties. Due to the bleak outlook for the global economy, many economists at home and abroad are also pessimistic about China’s exports in 2023. Nevertheless, the Chinese government is unveiling a series of new measures, such as ending the COVID-zero policy, which will bring hope for China to boost external demand.
China Races to Bolster the Health System to Fight against COVID-19 Surge
In China, the surging wave of the COVID-19 infection has rushed to the last line of defense of the medical system. Many hospital staff are unable to work because of the disease. The peak of this epidemic has not yet arrived. Many experts predict that in the next 1 to 2 months, that is, around the Spring Festival, there will be a peak of infections. The sudden surge of COVID-19 infections at the end of 2022 will leave some elderly, children and patients with underlying diseases nowhere to hide.
A peak of infection is about to pass, but it will be followed by the impact of mounting cases of severe patients straining the medical system. Only by maximizing the balanced deployment of medical resources can we survive this catastrophe. Some experts said that at present, the country’s overall resources and equipment can meet the treatment needs of critically ill patients.
Chinese Tech Giants Looking to Cut Costs from Headcount to Non-Core Businesses
In 2022, the twelve Internet giants with the largest market capitalization in China rarely shared a common strategy of cutting costs and improve efficiency. These Internet giants are trying to convey such an expectation to the market: a good company should not only dare to expand, but also know how to save money at the right time.
When Internet companies start to cut expenses, the first target is usually marketing budget and labor costs, followed by shrinking or shutting down loss-making non-core businesses. There are also some companies whose main business has limited room for domestic expansion, and they choose to invest overseas to explore new growth potential. This trend quickly spread to almost every Internet company. This marks that China’s Internet industry collectively entering a new stage. Enterprises no longer hope for endless growth, but how to ensure that they can obtain higher profits by improving management and operating efficiency.
Shenzhou-14 Crew Safely Return to Landing Site, Marking a Key Step in China’s Space Dreams
In the middle of the night on December 4, 2022, the return capsule of the Shenzhou 14 spacecraft landed slowly, carrying the three astronauts back to Earth safely. Since the establishment of the project in 1992, China’s manned spaceflight industry has grown to a strong position, and the “three-step” strategy set in the past is being realized one by one. The Shenzhou 15 flight mission is the last link in the construction phase of China’s space station, and it is also the first step in the application and development phase of the space station. After the completion of the in-orbit construction of the space station, it will enter a stage of application and development that will last for more than 10 years.
The construction of the Chinese space station and the establishment of the national space laboratory are the last steps of the “three-step” manned spaceflight project, and they are also an important symbol of building China into a space power and a science and technology power. The footsteps of China’s manned space exploration will not only stay in low-Earth orbit, but will fly more stably and farther.
