Chinese Government Steps Up to Boost Economy
In 2020, when the world is in a major upheaval that has not been encountered in a century, China will not be able to avoid it. The novel coronavirus pandemic is raging around the world, the risks of a downturn of China’s economy are increasing, and business operations are struggling. Against this background, the Chinese government has stepped up macroeconomic policy adjustments. In terms of fiscal policy, the scale of government bond issuance will exceed 8.5 trillion yuan in 2020. The government will focus on stabilizing the economy, protecting people’s livelihoods, and prevent short-term shocks from becoming long-term trends.
In order to boost economic growth in 2020, in addition to expanding domestic demand, promoting consumption, it is also necessary to accelerate the pace of reform and stimulate the vitality of market players. Some scholars believe that the current macro-policy adopted by the Chinese government will provide assistance in the event of a severe short-term economic shock and slow-down. But the main growth driver of the Chinese economy prospects still have to rely on structural potential.
Blackstone CEO Stephen A. Schwarzman Talks About His Life and Business Lessons in His New Book
Stephen A. Schwarzman is the chairman of the famous Blackstone Group, one of the world’s leading investment firms. In March this year, Mr. Schwarzman’s new book “What It Takes: Lessons in the Pursuit of Excellence” was published in China. This book could be taken as a precious historical record in the business field. His story is not just about making a fortune. As Schwarzman said, it’s important to study people and organizations that have achieved great success, because they can provide free tutorials on how to succeed in the real world. In 2020, a new pandemic has swept the world. Schwarzman who was in his early seventies, encountered the eighth crisis of his career. How will he respond? The answer is in this exclusive interview with Schwarzman by reporters from Caijing. Schwarzman said that he firmly believes that countries around the world will survive this crisis, and the economic growth rate will also increase significantly.
Crowdfunding Industry Sees Downturn
In some hospitals, consultants for several major disease crowdfunding platforms are persuading patients with fatal diseases to receive their help. The job of these consultants is to spot patients of serious illness with difficulty paying the medical bill and help them initiate crowdfunding from relatives and friends and even strangers. Relying on WeChat to get the word out, these messages are spread and re-circulated in the circle of friends. However, with more and more fund-raising links appearing on WeChat, and the platforms’ vague verifying standards, the public’s enthusiasm for donations is declining and the effectiveness of fundraising is decreasing.
Shui Di Chou and Qing Song Chou are two leading companies in the field of crowdfunding. But in the past month, employees from the two fundraising platforms have had several physical conflicts. This industry has shown various chaos and urgently needs reform. These enterprises need to balance public’s welfare and their own business benefits.
Uncertainty Remains Over Climate’s Impact on Covid Spread
There is a question that remains to be solved: whether the arrival of hot weather will help reduce the spread of the novel coronavirus. Other viruses from the same family, such as the SARS, show reduced viral activity during the hot and humid summer months. But according to a recent study by Princeton University researchers, the northern hemisphere is approaching summer, while the increased temperature is unlikely to significantly inhibit the spread of the covid-19 pandemic.
The world is still in a period of pandemic. At this time, virus transmission generally does not follow the usual pattern. At present, the coronavirus has been spreading in communities, so it is more effective to rely on public health measures to contain the virus. How much the climatic factors affect the spread of the novel coronavirus still needs more evidence to determine, so no one can really say for sure whether the virus will make a comeback in autumn.
