6-1 checkpoint

Running Head: DISCUSSION 1

Running Head: DISCUSSION 2

DISCUSSION

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China is our chosen project country, and the following is the financial information of this country. Regarding the unemployment rates in China, the number of unemployed people increased in the fourth quarter of the year 2020 compared to the third quarter of the same year. The unemployment rate in China had a rise in the year 2021 compared to how it was in the year 2020. This rise was from 5.20 percent in 2020 to 5.50 percent in 2021 (Yong & Hengxin, 2017). According to the peoples' bank of china concerning the interest rates, the recovery of the economy due to the covid-19 pandemic has led to the unchanging of the interest rates whereby the one year loan still stands at 3.85 percent rates. In comparison, the five-year loan stands at 4.65 percent.

The inflation rates in china slowed down for the health sector and rose for the education sector, and in February, the consumer prices rose to 0.6 percent. According to the World Bank statistics and trading economics of china, the Gross domestic product in the year 2019 for china was $14342.90 billion, and this gross domestic product represents the world economy at 11.81 percent (Jiang, et.al. 2017). Chinese economy avoided the contractions caused by the covid-19 pandemic in the year 2020. The economy of china expanded by 2.3 percent in the entire year of 2020. The local currency units of china per United States dollars was at 6.9084. Chinas exchange rate regime was pegged at 8.28 against the United States dollars. China's main airport is the "Shanghai (PVG) or Shanghai Pudong International Airport” and the significant seaports of china we have Beihai and Dalian. Shanghai railway station is the central railway station located in shanghai in china. The mobile network providers in china include china mobile, china telecom, and China Unicom. In 2019 China recorded the number of internet users as 54.3 percent of the whole population. The logistics performance index rating of china in 2018 was at 3.61 percent.

The Chinese gross domestic product maintained a medium-high growth rate, which has given the country the country's strength and stability.

The high levels of unemployment rates of china indicated that the country's productivity was high, and there was little inflation in the market.

The exchange rate regimes of china tell us that China can intervene in the currency markets and reserve significant foreign exchange levels.

References

Jiang, Y., Guo, Y., & Zhang, Y. (2017). Forecasting China's GDP growth using dynamic factors and mixed-frequency data. Economic Modelling, 66, 132-138. Retrieved from: (https://doi.org/10.1016/j.econmod.2017.06.005).

Yong, W., & Hengxin, D. (2017). The Forecast of China’s Quarterly Unemployment Rate in the Background of Big Data——Analysis Based on Network Search Data. Journal of Systems Science and Mathematical Sciences, 37(2), 460-472. Retrieved from (https://doi.org/10.1787/b487f2cf-en).