Category: Chinese economy

By Kevin Yao BEIJING (Reuters) – China’s next prime minister, who takes office in March, will have little choice but to step up stimulus to revive a COVID-19-ravaged economy, insiders said on Monday. politicians and analysts, during the unveiling of Xi Jinping’s new policy. the management team shook the markets. On Sunday, Xi was confirmed […]

According to the International Monetary Fund (IMF), US GDP growth will increase by 1% this year and 1.2% in 2023. In contrast, China’s GDP is forecast to increase by 3.2% in 2022 and 4. 4% in 2023. China’s economy is the second largest in the world, totaling around US$17.7 trillion (114.4 trillion yuan) in 2021, […]

A woman shops at a supermarket in Monterey Park, California on October 19, 2022. Food prices in September rose 13% from a year ago, according to data released by the US government, while that inflation is pushing prices to their highest level in decades. Photo: CGV A new survey from the US Federal Reserve (Fed) […]

Afghanistan’s only Confucius Institute, also known as the Department of Chinese Language and Literature, opened in 2008 at Kabul University. Since then, the department has helped hundreds of young people learn Chinese, the language of the world’s most populous country.[Photo/Xinhua] “Since China has a rich culture with a prosperous economy, its Chinese language is important […]

Pakistan has commissioned its first-ever smart distribution center (SDC) in the southern port city of Karachi. Experts and officials hailed the development as an important step towards revolutionizing Pakistan’s e-commerce ecosystem. Built by Cainiao Smart Logistics Network of China in partnership with Pakistan’s largest e-commerce market player Daraz, the 50,000 square meter distribution center will […]

The China-aligned spy-focused actor, nicknamed Winnti, has set his sights on Hong Kong government organizations in an ongoing campaign dubbed Operation CuckooBees. Active since at least 2007, Winnti (aka APT41, Barium, Bronze Atlas, and Wicked Panda) is the name given to a prolific group of cyber threats that carry out Chinese state-sponsored espionage activities, primarily […]

The Chinese-built Ekiti Airport in Ekiti State, southwestern Nigeria, has been given the green light, after being officially put into operation on Saturday. The airport, built by the China Civil Engineering Construction Corporation (CCECC), received its first aircraft just before the official launch, a Nigerian Air Force aircraft from the federal capital, Abuja. The facility […]

The Chinese Communist Party (CPC) on Sunday unveiled its plan for building a modern socialist China in all respects for the next five years and beyond at the opening of the 20th CPC National Congress. The five-year meeting is the CPC’s first national congress after its centenary in 2021, when the Party led the Chinese […]

Xi’s economy sees Chinese nationalism and authoritarianism as signs of ‘happy life’ Xi Jinping has been chairman of the Communist Party of China for 10 years. He pledged to make great efforts to meet people’s aspirations for a better quality of life. Xi said “our people love life and expect better education, more stable jobs, […]

By Tahir Ali Chinese delegation during a meeting at the NFRCC Islamabad. [Photo/Tahir Ali] ISLAMABAD, Oct. 11 (Gwadar Pro) — An 11-member delegation of Chinese experts has arrived in Pakistan to share their technical knowledge and experience with the country regarding flood management analysis based on meteorological, hydrological , hydraulic, geospatial and damage and loss. […]

American higher education is losing its prestige. The number of US universities in the top 100 of the Times Higher Education World University Rankings has fallen for the fifth straight year, while the number in China is at an all-time high. While the US and UK still dominate the top spots in the Times rankingwhich […]

The Beijing Skyline. [Photo/VCG] Certainty of steady growth in China’s economy has been bolstered by political support and appreciation for rising consumer expectations, increased manufacturing investment and market recovery real estate, Securities Daily reported Tuesday. The stimulus for the resumption of the national economy in the fourth quarter includes increased consumer demand, increased investment in […]

Novelist Jay Newman was a senior portfolio manager at Elliott Management. Alexander Campbell was a principal commodity investor at Bridgewater Associates and is the founder and CEO of Rose Technology, a data platform. Jean-David Seelig is a Senior Data Scientist at Rose Technology. Many Western companies have flocked to China as a source of growth […]

With Chinese President Xi Jinping largely continuing many of the policy initiatives of his predecessors, improving indicators continued to improve and hard-to-resolve issues remained unresolved. The biggest change has been in Xi’s execution, which leaves a lot to be desired. CHICAGO – Xi Jinping is on his way to becoming the first president for three […]

BEIJING, October 9, 2022 /PRNewswire/ — A People’s Daily report: Navigation apps that show real-time traffic information and estimated travel time, virtual fitting rooms that help you get the best-fitting clothes you want when shopping online, and virtual museums where you can get closer to precious cultural relics at home… These scenarios are already part […]

03:11 Li Shikai spent a busy week during the National Day (October 1-7) entertaining visitors from all over the country, cleaning rooms, cooking and playing games. The 59-year-old, an ethnic Lahu from Lancang County, southwest China’s Yunnan Province, runs a homestay and restaurant. During this time, he is one of the main members of a […]

China’s Belt and Road Initiative (BRI), sometimes called the New Silk Road, was one of Beijing’s most ambitious infrastructure projects ever. Launched in 2013 by President Xi Jinping, China aimed to expand from East Asia to Europe, greatly expanding China’s economic and political influence. However, Beijing’s bid to take over the world with its ambitious […]

Taking cues from society and social media, young Chinese between the ages of 16 and 24 are stashing away their money and doing without small luxuries like manicures, high-end makeup and restaurants. Called “koukouzu” or “the frugal young Chinese”, according to a recent Global Times reportthis growing group pursues a thrifty lifestyle and compares price […]

China’s economy showed signs of recovery in August as Beijing introduced stimulus measures to counter a slowdown, although a slump in the housing market and Covid outbreaks continue to influence the outlook. Industrial production, retail sales and capital investment all rose faster than economists expected last month. The urban unemployment rate fell to 5.3%, while […]

A LOT of the world remains focused on the cost of living crisis and rising interest rates. China stands out as something different, as its economy lags the West in some important respects, which may add to its appeal as an opportunity for diversification. Undoubtedly, China has its own challenges, but there are growing signs […]

Fosun is a sprawling business empire that includes tourism and finance Greg Baker Text size ADDS stock closing price, dollar bond decline Club Med owner Fosun, one of China’s largest private sector conglomerates, saw billions of dollars wiped from its value on Wednesday as nervous investors reacted to a media report that the group was […]

ULAANBAATAR, Sept. 12 (Xinhua) — Li Zhanshu, chairman of the Standing Committee of the National People’s Congress (NPC) of China, paid an official goodwill visit to Mongolia from Saturday to Monday, at the invitation of the Chairman of the Mongolian State Great Hural (Parliament) Gombojav Zandanshatar. During his visit, Li met with Mongolian President Ukhnaa […]

With the weakness of the Chinese economy confirmed this month by poor business surveys for manufacturing and services, as well as a marked slowdown in the pace of exports and importers, the price of copper – an indicator key to China’s economic health – also continues to struggle. After a slight rally in early to […]

As the growth of the world’s major economies are slowing down due to high inflation, exacerbated by the war in Ukraine, many economists hope that China will once again come to the rescue of the world. But this is not 2008, when China’s then rapidly expanding economy and a huge stimulus unleashed by the government […]

The sharp slowdown in Chinese growth over the past year is prompting many pundits to reconsider when China will overtake the United States as the world’s largest economy — or even if it ever will, the Wall reported. StreetJournal. Until recently, many economists assumed that China’s gross domestic product measured in U.S. dollars would overtake […]

America took offense to the Chinese Communist Party (CCP) last month. Legislation I drafted to outpace innovation and competition with China was signed into law on August 9th. The legislation had many titles – the Endless Frontier Act, the US Innovation and Competition Act and finally the CHIPS and Science Act. The enactment of this […]

News analysis The outlook for the world oil price hinges on the Chinese economy, the Iran nuclear deal and the war in Ukraine. On August 15, world oil prices have fallen due to speculation that declining industrial production in China will reduce global demand. The Chinese economy has been downward trend most of this year, […]

The Industrial and Commercial Bank of China logo at the entrance to a branch in Beijing in April 2019. [Photo/Agencies] The Industrial and Commercial Bank of China said it will step up countercyclical credit issuance in the second half of this year to help stabilize China’s economy and further promote the bank’s high-quality development. “ICBC […]

China’s biggest property developer, Country Garden Holdings, reported a 96% drop in profits, blaming a “severe depression” in the country’s slumped property market in which “only the fittest can survive”. The company, which is listed in Hong Kong, said preliminary net profit plummeted from 15 billion yuan ($2 billion) to 612 million yuan ($88 million) […]

NNA | Updated: August 24, 2022 10:47 p.m. STI beijing [China]Aug 24 (ANI): China has witnessed droughts caused by heatwaves, heavy rains, power outages and supply chain disruptions, which have had a serious impact on the Chinese economy , due to anti-environmental policies for decades.Beijing has declared its first drought emergency as heat waves dried […]

New Delhi: Former Australian Prime Minister Kevin Rudd said on Wednesday that Chinese President Xi Jinping’s “Achilles heel” – in terms of his strategic vision and his “ideological view of the world” – was the performance of the Chinese economy in coming years. “We’ve all become familiar with the perfect linear trajectory of Chinese economic […]

Is China’s economy down? Yes, China’s economy, after a brief Covid recovery, has been slowing down lately. Official data showed the economy growing just 0.4% year-on-year in the second quarter of 2022, after growing 4.9%, 4% and 4.8%, respectively, in the previous three quarters. . Of the three main drivers of GDP growth, gross capital […]

BRI and US punitive measures and Chinese integrated strategies It appears that the US government, its establishment, and its cross-regional allies have now accelerated their efforts to entangle the “Asian century doctrine” by “encircling” the socio-economic rise and mechanism of supply chains from China. Chinese President Xi Jinping’s “One Belt & One Road” project of […]

Very strict Corona closures like in Shanghai, the most important port in the world, and a real estate crisis because companies like Evergrande finally ran into problems. This causes most Chinese people to cut spending, and the Chinese economy suffers. “All economic data was disappointing in July except for exports,” he added. Guardian quoted Nie […]

Xiaomi lays off 900 employees amid slowing Chinese economy Photo: BCCL Chinese smartphone giant Xiaomi is said to have laid off more than 900 employees, cutting its workforce by nearly 3%. The company posted a second straight annual decline in quarterly earnings during the April-June period, a steeper drop than the previous quarter’s revenue. Xiaomi […]

China’s policy rate cut could trigger risk aversion in financial markets around the world India better placed on growth-inflation-external balance triangle for 2022-23 The Chinese economy is in trouble and the central bank unexpectedly lowered its key rate, signaling serious concerns about growth, said the Department of Economic Affairs (DEA) under the Indian Ministry of […]

Chinese students are placing more emphasis on job prospects tied to their choice of college and major as the country’s economy falters. As this year’s national registration season draws to a close, media attention has focused on the popularity educationally oriented majors and normal universities – institutions focused on educational subjects and careers in education. […]

China’s economy is struggling and the central bank unexpectedly lowered its key rate, signaling serious concerns about growth, India’s Finance Ministry’s Department of Economic Affairs (DEA) said. According to the Monthly Economic Review published by the DEA, China’s key rate cut could trigger risk aversion in financial markets around the world which have begun to […]

Industrial China is alive and well despite fears of an economic slowdown. It just doesn’t look like it used to – or at least not what everyone is used to. Last week’s data showed a dismal picture: industrial production rose 3.8% year-on-year, which was below expectations, fixed investment grew more slowly than expected, and credit […]

Tencent posted its first-ever quarterly decline in year-over-year revenue as tougher gaming regulations in China and a resurgence of Covid-19 in the world’s second-largest economy hit the tech giant . Here’s how Tencent fared in the second quarter, compared to consensus estimates from Refinitiv: Revenue: 134.03 billion Chinese yuan (19.78 billion dollars) against 134.6 billion […]

On Thursday, containers are loaded onto a ship at a dock in Busan. [YONHAP] Risks related to the Chinese economy, from containment to slowing growth, cloud Korean exports. The Yoon Suk-yeol government has emphasized a “total response” to the potential threat, characterized by active support for promising industries such as bio, health and batteries. Export […]

Protests have erupted in China’s Henan province over frozen bank accounts and mortgage payments for unfinished homes as the country’s economy stagnates. In an effort to boost demand for credit and help the Covid-hit economy, China’s central bank unexpectedly cut a key interest rate for the second time this year and withdrew liquidity from the […]

China’s economy, hit by the strict zero-COVID policy, is going through a critical phase of stabilization, Premier Li Keqiang said, asking provinces to tighten their belts and make better use of existing assets to shore up the recovery. Li’s call on Tuesday came as the world’s second-largest economy showed signs of […]

Tencent reported its first quarterly revenue decline as China’s most valuable company was rocked by the country’s slowing economy and a regulatory crackdown. The tech group beat analysts’ sales expectations after posting quarterly revenue of Rmb134 billion ($19.7 billion) in the three months to June 30, down 3% compared to the same period last year […]

Crude oil prices and associated exchange-traded funds plunged on Monday after weak Chinese economic data stoked demand fears in a slowing global economy. Monday, the United States Petroleum Fund (USO)which tracks West Texas Intermediate crude oil futures, and the American Brent Oil Fund (BNO), which tracks Brent crude oil futures, fell 2.3% and 3.3% respectively. […]

This article is an on-site version of our Disrupted Times newsletter. register here to receive the newsletter directly in your inbox three times a week Good evening China today cut a key interest rate as new data confirmed a slowdown in the world’s second-largest economy. The People’s Bank of China unexpectedly cut the medium-term lending […]

National Bureau of Statistics (NBS) spokesperson Fu Linghui (right) attends a press conference held by the State Council Information Office on China’s multiple key economic indicators in July, in Beijing, capital of China, Aug. 15, 2022. (Xinhua/Chen Yehoua) BEIJING, Aug. 15 (Xinhua) — China’s economy maintained its recovery trend in July, with major economic indicators […]

© Reuters. By Peter Nurse Investing.com – European stock markets are set to open mixed on Monday, starting the week on a cautious note amid concerns over slowing global growth after weak Chinese economic data. As of 02:00 ET (06:00 GMT), the Germany contract was trading down 0.1%, France was up 0.5% but the UK […]

liulolo/iStock via Getty Images The rising US dollar is pushing inflation up in many third world and developing countries. It leads to an escalation in commodity prices as most imported goods are paid for in dollars, the situation being exacerbated by historically high prices. Oil prices. The unfortunate events in Sri Lanka, where people took […]

liulolo/iStock via Getty Images The rising US dollar is pushing inflation up in many third world and developing countries. This leads to an escalation in commodity prices as most imported goods are paid for in dollars, the situation being exacerbated by historically high prices. Oil prices. The unfortunate events in Sri Lanka, where people took […]

Commvault, a US-based data protection and management company, sees great opportunities in China as a wide range of sectors accelerate steps to embrace digital transformation in the world’s second-largest economy. The comments came after the company managed to register rapid growth in China, one of its most important markets, in 2021, despite the fallout from […]

The means of influence were most evident in the following cases: Taiwan and Tibet: On the political front, China has used a relatively light touch, and usually only when pushing back on specific issues it sees as detrimental to its image and national interests. At the start of Slovenia’s post-communist transition, the Tibet issue was […]

China’s top population official acknowledged at an annual population meeting that China’s population growth has slowed and is expected to decline before 2025. Yang Wenzhuang, director of the population monitoring and family development division of China’s National Health Commission, said at the meeting that China’s population is expected to “enter a negative increase,” according to […]

The recent visit to Taiwan by Nancy Pelosi, Speaker of the United States House of Representatives, lasted only 24 hours. But it clearly exposed both China’s backlash, including the continuation of military exercises around Taiwan days after leaving, and how the Taiwan Strait is a geopolitical rift between China and the rest of the world. […]

In the history of Chinese entrepreneurship, people generally regard 1992 as the benchmark year. Although some well-known enterprises have already been established, the wave of entrepreneurship brought by “Deng Xiaoping’s South Tour” in 1992 and the subsequent establishment of the socialist market economy is the real driving force behind the first generation of startups. and […]

Alibaba Group Holding’s revenue was almost unchanged at RMB 205.56 billion ($30 billion) in the April-June quarter, the Chinese e-commerce company reported Thursday, as a lockdown of two months of COVID-19 in Shanghai has slowed down the Chinese economy. It was the first time that Alibaba recorded stable revenue growth as a listed company, but […]

NNA | Updated: August 05, 2022 1:07 p.m. STI beijing [China]Aug 5 (ANI): The most educated generation in China’s history is facing a setback as an estimated 15 million young people are out of work and many are lowering their ambitions.According to the latest figures from the National Bureau of Statistics in July, the average […]

By Wang Yuan, People’s Daily “China contributed about 30% to global growthe every year for the past few years. As the global economy has been impacted by COVID-19 over the past two years, the Chinese economy has remained a key driver of global recovery,” a Cambodian official said in a recent People’s Daily interview. Thong […]

Elon Musk says China is now facing an “imminent bust” in the property market. In a recent episode of the Full Send podcast, the Tesla, Inc. TSLA The CEO said the Chinese had built too many apartments and buildings, leading to the construction of too many main housing units, just like the United States did […]

Ambassador Xu Jinghu (left) met with Ramkalawan accompanied by Chinese Ambassador to Seychelles Guo Wei. (State House) Photo license Seychelles and China have reiterated their commitments to ensure that projects of mutual interest that are being discussed materialize, State House said on Tuesday. The pledge was made during a meeting between Seychelles President Wavel Ramkalawan […]

Chinese President Xi Jinping addresses the first session of the 16th Group of 20 (G20) Leaders’ Summit via video link in Beijing, capital of China, Oct. 30, 2021. (Xinhua/Li Xueren) First, Xi said called for working in solidarity to fight COVID-19 and proposed a global cooperative action initiative for vaccines. In the initiative, Xi called […]

China’s economy was expected to recover quickly to pre-pandemic levels after the COVID lockdown was lifted in June, but recent polls suggest the manufacturing and real estate sector has plunged further and the unemployment continues to be a threat Representative image. AFP beijing: China’s economy slumped at the start of the second half of the […]

Chinese factory activity unexpectedly declined in July as sporadic Covid outbreaks disrupted the sector and a slowing global economy weighed on demand. The official purchasing managers’ index (PMI) for the manufacturing sector fell to 49.0 in July from 50.2 in June, China’s National Bureau of Statistics said on Sunday. That was weaker than expected, below […]

Aerial photo taken on Sept. 11, 2020 shows the view of the city of Shenzhen, south China’s Guangdong Province. (Xinhua/Mao Siqian) China has shown its courage lately against all odds and can help vulnerable countries elsewhere in the world, a leading Bangladeshi economist has said. by Naim-Ul-Karim DHAKA, July 25 (Xinhua) — China’s economy, which […]

According to data released by the National Bureau of Statistics on Friday, China’s gross domestic product (GDP) rose 2.5 percent year on year in the first half of this year, while GDP in the second quarter grew by 0. .4% YoY. -year. Under the impact of unexpected factors such as the Russian-Ukrainian conflict and new […]

By Guo Yage (Xinhua) 09:17, July 17, 2022 Photo taken on May 1, 2022 shows a container ship docking at the Qianwan Container Terminal in Qingdao, east China’s Shandong Province. (Xinhua/Li Ziheng) With great potential as well as proven resilience, China still enjoys a bright future of long-term growth. Instead of sticking to their prejudices, […]

China’s economy received another blow last week as the United States imposed new sanctions on individuals and entities in Hong Kong and the United Arab Emirates. The sanctions, which aim to prevent “illegal” Iranian oil from reaching China, are just the latest in a series of financial sanctions Washington has used against Beijing. The nation […]

China’s economy received another blow last week as the United States imposed new sanctions on individuals and entities in Hong Kong and the United Arab Emirates. The sanctions, which aim to prevent “illegal” Iranian oil from reaching China, are just the latest in a series of financial sanctions Washington has used against Beijing. The nation […]

GDP Photo: VCG According to data released by the National Bureau of Statistics on Friday, China’s gross domestic product (GDP) rose 2.5 percent year on year in the first half of this year, while GDP in the second quarter grew by 0. .4% YoY. -year. Under the impact of unexpected factors such as the Russian-Ukrainian […]

China’s economic growth slowed sharply in the second quarter of the year, official data showed on Friday, underscoring the colossal toll of widespread Covid lockdowns and casting doubt on whether its predetermined growth target will be met. Output contracted 2.6% between April and June from the previous quarter, the statistics office said, prompting many economists […]

On Friday, China is expected to report that gross domestic product (GDP) grew just 1% in the second quarter, with an annual growth forecast of 4%, well below Beijing’s official target of around 5 .5% for 2022. The figures, taken from a Reuters poll, reflect the impact of Xi’s “zero momentum” coronavirus policy on the […]

An international school building boom is underway in Japan, fueled by big names in education seeking to attract children from wealthy Asian families, particularly from China. Famous British institutions Harrow, Rugby School and Malvern College are setting up campuses in the island nation, with more than 3,000 new student slots to be added over the […]

Chinese State Councilor and Foreign Minister Wang Yi said in Manila on Wednesday that China is willing to deepen pragmatic cooperation with the Philippines to usher in a new “golden age” in bilateral relations. During his visit to the Philippines, Wang met with Philippine President Ferdinand Romualdez Marcos, becoming the first senior diplomat to be […]

China will set up a public infrastructure investment fund worth 500 billion yuan ($74.69 billion) to boost infrastructure spending and revive a flagging economy, two officials told Reuters on Tuesday. people familiar with the matter. The Chinese economy has begun a slow recovery from supply shocks caused by widespread shutdowns since the second quarter, although […]

JJuly 1, 2022 marked the 25th anniversary of Hong Kong’s return to Chinese sovereignty. The Silver Jubilee of Hong Kong’s transfer from Britain to China was celebrated in various ways, including light shows, film screenings, a flag-raising ceremony and boat parades. For the occasion, Chinese President Xi Jinping traveled to Hong Kong for two days […]

EASY CONTAINMENTS: Recovery remains fragile as the country sticks to its ‘zero COVID’ strategy, meaning restrictions could be tightened if Omicron outbreaks break out again China’s economy showed further signs of improvement last month with strong gains in services and construction as COVID-19 outbreaks and restrictions were gradually eased. The official Purchasing Managers’ Index (PMI) […]

MANILA, Philippines – Go Negosyo founder Joey Concepcion and the business group Federation of Philippine-Chinese Chambers of Commerce and Industry Inc. (FFCCCII) yesterday expressed their support for President Marcos and his plans in the face of the challenges facing the country in terms of health and economy. In a statement, Concepcion congratulated Marcos on his […]

A view of the Colombo Port City construction site in Colombo, Sri Lanka Photo: Xinhua The global inflationary crisis in 2021 and more dramatically in 2022 triggered a default by Sri Lanka on the payment of $78 million of foreign bonds due in April 2022. On May 18, the Central Bank of Sri Lanka said […]

Beijing CBD Photo: VCG China’s economy saw an impressive turnaround in May, as a set of better-than-expected official data released on Wednesday showed improvements in several crucial economic indicators, including industrial production, fixed asset investment and sales. at retail, further underscoring the resilience of the Chinese economy in the face of the challenges posed by […]

BEIJING: The World Bank sharply cut its annual growth forecast for China, warning in a report last week that disruptions from Covid-19 could further slow the recovery of the world’s second-largest economy. China is the latest major economy to adhere to a zero Covid policy, using rapid lockdowns, mass testing and strict movement restrictions to […]

After months of draconian COVID-19 lockdowns, China’s economy appears to be taking a break. In May, Chinese exports leaps in large part to the strong demand abroad. Inflationary pressure remained benignraising hopes that Beijing will boost lackluster growth. But observers should dampen their enthusiasm for China’s economic recovery, and not just because of the lingering […]

File photo shows the morning view of Lujiazui area in Pudong, east China’s Shanghai. [Photo/Xinhua] Those who observe foreign companies leaving China to support the claim that the Chinese economy is in decline do so despite evidence to the contrary. The outflow of certain production elements and economic factors with low added value makes sense […]

Clearly avoidable comments made on a TV channel by a BJP spokesperson in reference to the Prophet Muhammad have sparked a firestorm. It also angered several Islamic countries. The reactions come in terms of summoning Indian ambassadors, avoiding official meetings and boycotting Indian products. The Indian government has made its position clear. The Bharatiya Janata […]

Sentinel Labs threat researcher Joey Chen says he’s spotted a decade of cyberattacks that he’s happy to attribute to a single Chinese gang. Chen has appointed the Aoqin Dragon Group, says its focus is espionage and it prefers targets in Australia, Cambodia, Hong Kong, Singapore and Vietnam. The gang likes attacks that start by tricking […]

As swift and forceful actions have curbed outbreaks, China’s economic engine has begun to rumble again. The latest commodity index revealed improvements in both factory output and market demand, indicating that with timely and targeted policy support, the country’s economic activities, gradually shaking the impacts of COVID-19 , are ready for a steady recovery. China’s […]

According to the China Bulk Merchandise Index, which gained 1.6 percentage points in May over the previous month to stand at 101.3 percent. Specifically, the supply and sales sub-indices bottomed and recorded encouraging rebounds, the latter at a year-to-year high, the China Federation of Logistics and Purchasing (CFLP) said. According to the China Bulk Merchandise […]

BEIJING (Xinhua): As swift and strong actions curbed epidemic outbreaks, China’s economic engine has started to rumble again. The latest commodity index revealed improvements in both factory output and market demand, indicating that with timely and targeted policy support, the country’s economic activities, gradually shaking the impacts of Covid-19 , are ready for a steady […]

China faces difficult challenges in promoting reform, development and stability, as drastic changes and a pandemic not seen in a century have transformed the international scene and plunged the world into a new cycle of turbulence and changes. In this context, Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, stressed […]

Photo taken on May 17, 2022 shows a view of the automated container terminal at Shanghai Yangshan Deepwater Port in east China’s Shanghai. (Xinhua/Ding Ting) China’s economy is expected to improve in May with the accelerated resumption of work and production in Shanghai and Jilin and the implementation of pro-growth measures, said NBS spokesperson Fu […]

Photo taken on Sept. 9, 2020 shows the view of skyscrapers in the central business district (CBD) in Beijing, capital of China. (Xinhua/Chen Zhonghao) BEIJING, May 26 (Xinhua) — China faces difficult challenges in promoting reform, development and stability, as drastic changes and a pandemic not seen in a century transform the international scene and […]

Beijing, May 25 (PTI) China on Wednesday criticized the Indo-Pacific Economic Framework launched by the United States ahead of the Quad leaders’ summit in Tokyo, saying many countries in the region fear the IPEF will decouple them of the Chinese economy. . US President Joe Biden launched the IPEF on May 23 ahead of the […]

* Far-sighted investors believe short-term setbacks in China’s economy won’t derail long-term business growth. * Despite the current pressure, the fundamentals remain unchanged and the economy still enjoys strong resilience, huge potential, ample room for maneuver and long-term sustainability. * “The rise of China and its mighty economy remains by far the most important story […]

An article on the Chinese economy published by a WeChat official account was widely shared with users on May 21. Afterwards, some national media reported that Tencent CEO Pony Ma had also forwarded the article and posted a comment saying that “the description is so vivid.” A screenshot of this post was leaked, sparking a […]

The current Chinese economy faces a complex situation and is under unprecedented pressure to maintain stable economic growth. Growth was only 4.8% in the first quarter, which makes for a poor start to 2022. Domestic consumption has been in freefall for two years and remains sluggish in the first quarter of this year, with total […]

NNA | Updated: May 22, 2022 7:13 p.m. STI beijing [China]May 22 (ANI): Foreign direct investment in China by multinational corporations is falling off a cliff as investors grow increasingly pessimistic about the Chinese economy amid President Xi Jinping’s strict COVID policies and his position on Russia’s war against Ukraine. These multinationals face serious challenges […]

The closure of a major seafood market in the Chinese capital is expected to disrupt seafood trade as Beijing heads into an extended lockdown to contain the spread of a COVID-19 outbreak in the Chinese capital. Beijing’s Jingshen seafood market has been closed since May 17, after workers there were sickened by a strain of […]

NNA | Updated: May 19, 2022 12:29 STI beijing [China]May 19 (ANI): China’s economy is under pressure due to strict restrictions to curb the COVID pandemic, which negatively affects production capacity and other logistics.Besides the disruption caused by the zero covid policy, the war in Ukraine is adding to the woes of the world’s second […]

China’s economy is under pressure due to strict restrictions to curb the COVID pandemic, which is negatively affecting production capacity and other logistics. Besides the disruption caused by the zero covid policy, the war in Ukraine is adding to the woes of the world’s second largest economy. China’s exports grew 3.9% […]

OMICRON is going precisely nowhere. Sinocism: Shanghai says it has stopped community spread of Covid – Caixin Shanghai announced on Tuesday that it had achieved the goal of no community spread in all of its 16 districts, a key milestone in its more than two-month battle against Covid that could embolden authorities to further ease […]

Retail and factory activity in China fell sharply in April as sweeping COVID-19 shutdowns confined workers and consumers to their homes and severely disrupted supply chains, casting a shadow over prospects for the world’s second largest economy. Full or partial shutdowns were imposed in major centers across the country in March […]

China is currently experiencing a pronounced economic slowdown. According to official Chinese data released on Monday, the Asian country’s industrial production fell nearly 3% in April year-on-year. Retail sales are even more affected, which fell 11% in April from a year ago, as China’s zero-COVID strategy caused Asia’s growth engine to stutter. “The pandemic is […]

NNN: Strict COVID-19 restrictions impact China’s economy Economy Beijing, May 16, 2022 Industrial production in China unexpectedly fell 2.9% in April compared to the same period in 2021 amid tight COVID-19 restrictions. That’s according to official figures released on Monday. Meanwhile, retail sales also fell more sharply than analysts had expected, down 11.1%, the Bureau […]

Industrial production in China unexpectedly fell 2.9% in April from the same period in 2021 amid tight COVID-19 restrictions, the Bureau of Statistics said. Meanwhile, retail sales also fell more sharply than analysts had expected, up 11.1%, official figures showed on Monday. “In April, the COVID-19 outbreaks had a significant impact on the economy, but […]

By PTI May 16, 2022, 7:57 PM STI (Update) mini China, which prides itself on eradicating COVID-19 after it emerged in Wuhan in December 2019 before it became a pandemic wreaking havoc around the world with millions dead, has struggled to cope. to the Omicron tsunami in recent months, leading to lockdowns in several cities, […]

US markets ended the week in the green, up 2.39%, up 3.70% and up 1.47% as investors took advantage of lower valuations late in the month. a rocky week dominated by concerns about an aggressive tightening of monetary policy and slowing economic growth. Fed Chairman Powell said bringing inflation back to the central bank’s 2% […]

Comment China’s economic situation looks increasingly precarious. Last year, the Communist Party of China (CCP) began a regulatory reset that strangled the country’s economic prospects. Today, amid escalating COVID-related lockdowns, depressed consumer and business morale, and geopolitical instability, the risk of an economic contraction is clear. Global companies need to assess their strategy in China […]

By Kavya Dubey Colombo, May 15 (IANS): As Ranil Wickremesinghe takes over as Prime Minister of Sri Lanka for the sixth time, how he takes control of the crisis gripping the island country is critical both for India and for stability in the region. Indian Ocean. The task ahead of him includes not only […]

Photo shows customers at a Sam’s Club warehouse store in Beicai Town, Pudong New Area, east China’s Shanghai, May 2, 2022. Major retail businesses in Shanghai started reopen their supermarkets amid the recent resurgence of COVID-19. (Xinhua/Chen Jianli) BEIJING, May 13 (Xinhua) — The rise of the Omicron variant of the coronavirus has put downward […]

How pessimistic are you about the Chinese economy? — Q&A with Anne Stevenson-Yang – SupChina Jump straight to content Search any company based in China Search any company based in ChinaZhejiang Geely Holding GroupChina Development Bank International InvestmentCASILBYD automaticBeiGene (Beijing)Beijing Pingxin Media CultureBeijing JD36Kr holdingsBaidu (China)Qianjin Network Information Technology (Shanghai)GAIGAVISHINETaobao China Holding (Hong Kong)Huaneng Power […]

Photo shows customers at a Sam’s Club warehouse store in Beicai Town, Pudong New Area, east China’s Shanghai, May 2, 2022. Major retail businesses in Shanghai started reopen their supermarkets amid the recent resurgence of COVID-19. (Xinhua/Chen Jianli) BEIJING, May 13 (Xinhua) — The rise of the Omicron variant of the coronavirus has put downward […]

There is slower progress on OMIRCON in China but the economy is still depressed, real estate in particular: Hooray! Chinese Premier Li Keqiang has urged officials to use fiscal and monetary policies to stabilize jobs and the economy as the country reels from Covid outbreaks and mounting inflationary pressure. Except: The official line out of […]

A staff member prepares to unload a container from a truck at a logistics station of Shenyang East Railway Station in Shenyang, northeast China’s Liaoning Province, March 5, 2020. (Xinhua/ Pan Yulong) China has strengthened its domestic market, while allowing it to engage “productively and vigorously” in the international market. “This measure of strengthening key […]

Customers shop at a Sam’s Club warehouse store in Beicai Town, Pudong New Area, east China’s Shanghai, May 2, 2022. (Xinhua/Chen Jianli) As recent COVID-19 outbreaks have weighed on China’s economy which is already under pressure from falling demand, impacting supply and weakening expectations, the scientific approach of China’s balancing the fight against viruses and […]

Aerial photo taken on Dec. 5, 2021 shows the sunrise scenery of Yangpu International Container Port in Yangpu Economic Development Zone, south China’s Hainan Province. (Xinhua/Pu Xiaoxu) GENEVA, May 2 (Xinhua) — China’s economy has excellent potential and resilience, Swiss banker Fiorenzo Manganiello said in a recent interview with Xinhua, stressing that the long-term fundamentals […]

Chin is both winning and losing its battle with OMICRON. On the one hand, the number of cases is decreasing: But they cannot eradicate it and Beijing is now embroiled in blockages. On the other hand, the economic fallout accumulates: In particular, the property is a smoking crater: The excellent Nomura sums it up: China: […]

China’s strict pandemic policies are slowing its industrial production and its economy is under strain as millions of its citizens are forced to abide by lockdown orders. New cases of COVID-19 began to reach their highest levels in parts of mainland China last month, leading the government to shut down entire metropolises like Shenzhen, which […]

VFormer truck driver Meng Hong has become an unlikely social media star in recent weeks. Since March, his short video discussing life on the road during Covid outbreaks on Douyin, China’s version of TikTok, has garnered him millions of likes. Most of Meng’s videos were about “spreading positive energy,” as he wrote in his account […]