Un Secretary General Antonio Guterres Encouraged The Transition To Green Energy At The World Economic Forum In Davos, The Chinese Economy May Surprise You Positively
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Attention has recently focused on the World Economic Forum. Many statements were closely followed from economic to political information. Representatives of the United Nations also spoke. Un Secretary General Antonio Guterres calls for a focus on transforming into green energy. The reopening of the Chinese economy is also attracting attention, with speculation on what to expect from the reopening of the world's second largest economy.
In this article:
- China's economy may improve
- The transformation of world powers into green energy
- Jim Cramer’s opinion
China's economy may improve
The reopening of the Chinese economy after several years of strict "zero-Covid" measures has lifted the mood among economists.
China's GDP grew by just 3% in 2022, official figures revealed earlier this week, the second slowest growth rate since 1976 and well below the government's target of around 5.5%. However, short-term data point to a faster-than-expected recovery as pandemic measures have been phased out.
Reopening has proven difficult as China has reported a massive spike in Covid cases and deaths in recent weeks. Nevertheless, how many economists are positive about the situation in the Chinese economy in the second half of the year. The situation of the Chinese economy is of particular importance for the rest of the economies. China as the second largest in the world is important for many other economies, for example for Australia with which it is related in trade.
China's economy will be 'on fire' in the second half of 2023, StanChart chairman says https://t.co/fKyQs1kQpb
— CNBC (@CNBC) January 18, 2023
The transformation of world powers into green energy
The transformation of world powers into green energy was one of the main topics at the Davos forum. Investments in renewable energy sources may turn out to be crucial for the climate in the coming years.
International constraints are increasingly putting pressure on companies to focus on policies that reduce greenhouse gas emissions. Concern for the planet has increased in recent years, but not all countries or companies are so quick to implement ecological changes. While companies are increasingly committed to reducing their greenhouse gas emissions as close to zero as possible, the metrics and criteria they use are often questionable or unclear. That's why UN Secretary-General Antonio Guterres called on business leaders gathered at the World Economic Forum in Davos on Wednesday to follow the rules outlined by a group of experts.
The economic situation may make it difficult for companies or countries to implement these principles, but everyone must realize that it is extremely important now to take care of the climate for future generations.
Davos 2023: UN chief urges 'credible' net-zero pledges or risk greenwashing https://t.co/ZF1ipes21P pic.twitter.com/U8SAGzai1z
— Reuters Business (@ReutersBiz) January 18, 2023
Jim Cramer’s opinion
Investors often take into account the opinion of experts about assets in the stock market. Jim Cramer, like an expert, gives valuable tips. This time he expressed opinions on Boeing Co, Biohaven, Flex and more.
.@JimCramer also weighed in on Biohaven, Flex and more. https://t.co/fyzGTNUd2U
— Mad Money On CNBC (@MadMoneyOnCNBC) January 18, 2023
