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  • China is predicted economic dominance over the United States

    China is predicted economic dominance over the United States

    World News

    China is predicted to dominate the United States economically within 10 years. This was written by the American Bloomberg agency after the speech of the President of China Xi Jinping at the opening of the fifth plenum of the Central Committee of the Communist Party of China, which presented to the meeting participants the draft of the 14th five-year plan for socio-economic development (2021-2025).

    China is expected to focus on technological innovation and environmental improvements. As the agency writes, if in the coming years the growth rate of the Chinese GDP remains at the same level, then the economy of China, which currently ranks second in the world, will overtake the economy of the United States, the current leader of the rating, within a decade.

    The International Monetary Fund (IMF) previously named China the only largest economy in the world to grow by the end of 2020. It is expected that this year, the Chinese GDP will add 1.2 percent, and in 2021 it will grow by 8.2 percent.

    Photo: Huang Jingwen / Xinhua / Globallookpress.com

    The economy of Asia is promised collapse

    The economy of Asia is promised collapse

    World News

    The International Monetary Fund (IMF) concluded that in 2020 the Asian economy will collapse by 2.2 percent, not 1.6, as previously assumed. The collapse is promised due to a general economic contraction and the coronavirus pandemic, CNBC reports.

    The most difficult situation is in India, the Philippines and Malaysia. The IMF clarified that India and the Philippines experienced a “particularly sharp drop” in economic activity in the second quarter of 2020. For the fiscal year ending March 31, 2021, India’s economy is expected to decrease to 10.3 percent, the Philippines 8.3 percent and Malaysia 6 percent.

    Earlier in October, analysts at the investment bank Goldman Sachs said the Asia has a good chance of recovering from the coronavirus pandemic. The experts pointed out that both location and the fact that Asian countries were relatively well able to control the spread of the coronavirus.

    The position of the countries of the Asian region largely depends on China. In the opinion of specialists of the investment company Invesco, while recovering, the PRC will pull the neighboring states with it. Manufacturing in China is now growing at the fastest pace in nearly a decade. Photo: Thomas Peter / Reuters

    SME IN THE KYRGYZ REPUBLIC IN 2015-2019

    SME IN THE KYRGYZ REPUBLIC IN 2015-2019

    Statistics

    A publication of the National Statistical Committee of the Kyrgyz Republic has been released, containing a brief analysis of SMEs in the Kyrgyz Republic in 2015-2019, including statistics by economic activity and territory.

    The publication contains statistical tables and graphs characterizing the number of operating enterprises, the number of employees in them, financial, economic and foreign economic activity, as well as production indicators of activities of SMEs.

    It also contains data on the activities of peasant (farmer) households and individual entrepreneurs.

    The publication contains the main scheme of the classifier of types of enterprises and brief methodological explanations for the indicators.

    According to the website stat.kg