Amid erratic US tariff threats and with the world economy in flux, China\u2019s top economic planner says that more economic monitoring and early-warning capabilities are needed.<\/p>\n
The National Development and Reform Commission (NDRC) is soliciting studies to assess the impacts of US tariffs and to refine China\u2019s existing monitoring indicators \u201cin the context of global economic and trade order restructuring\u201d.<\/p>\n
It also plans to evaluate how non-tariff barriers of various countries might impact China\u2019s economy, according to a notice published on its website in late June.<\/p>\n
From the central bank to the commerce ministry, China already employs a vast system to monitor its economic health. However, the NDRC\u2019s fresh push signals the desire for a more nuanced and forward-looking approach as it helps draft the country\u2019s 2026-2030 development blueprint.<\/p>\n
\u201cThis might need to be of higher frequency and more capable of reflecting the real economy,\u201d said Shao Yu, director of the Shanghai Institution for Finance and Development.<\/p>\n
Shao expects that changes to the economic-monitoring system will help China better navigate the volatility and competition that he expects to intensify in the future.<\/p>\n
\u201cWhile existing systems might focus on indicators such as trade balances and financial market volatility, future systems will likely dive deeper into supply-chain security, technology, and monetary stability,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"Amid erratic US tariff threats and with the world economy in flux, China\u2019s top economic planner says that…\n","protected":false},"author":2,"featured_media":249152,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[3801,51,1395,96269,32,1700,1699,3055,257,53919,96268,96270,16,15,978,2612,2150,6709],"class_list":{"0":"post-249151","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-beijing","9":"tag-business","10":"tag-china","11":"tag-chinas-economy","12":"tag-donald-trump","13":"tag-economy","14":"tag-european-union","15":"tag-global-economy","16":"tag-london","17":"tag-national-development-and-reform-commission","18":"tag-peoples-daily","19":"tag-shanghai-institution-for-finance-and-development","20":"tag-uk","21":"tag-united-kingdom","22":"tag-us","23":"tag-us-tariffs","24":"tag-vietnam","25":"tag-washington"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114820016128231159","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/249151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=249151"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/249151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/249152"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=249151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=249151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=249151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}