Zhao Xiaowei’s decision to leave Beijing for his hometown in northeast China reflects a growing trend of reverse migration in the country. As the cost of living in major cities skyrockets, young professionals are seeking better futures in smaller cities where they can open their own businesses and have a better quality of life.
Canadian industrial producer prices saw a 0.8% monthly increase in March, continuing a two-month trend of growth. However, on a yearly basis, producer prices fell by 0.5%, following a revised 1.4% decrease in February.
India’s economy is undergoing a period of rapid transformation, driven by a combination of factors including increased foreign investment, a shift towards manufacturing, and the rise of a new generation of entrepreneurs. The country is becoming more open and pro-business, with the government implementing a range of reforms to make it easier to do business. This is leading to a surge in growth and innovation, with the emergence of new industries and technologies. The government is also playing a more proactive role in promoting economic development, with the introduction of policies such as the ‘Make in India’ campaign and the ‘Production-Linked Incentives’ scheme. These reforms are having a positive impact on the economy, with the Economist Intelligence Unit forecasting that India’s GDP will grow by 7.5% in 2023.
