Xi Jinping 'admits' Chinese economy is facing challenges: Reports
Jan 02, 2024, at 01:03 am
Chinese President Xi Jinping has acknowledged that businesses are struggling and young people are facing trouble finding work in the country, media reports said.
China’s central bank announces rate cuts as economy continues to struggle
Aug 16, 2023, at 01:15 am
In an unexpected move, People’s Bank of China trimmed the interest rate on 401 billion yuan ($55.25 billion) worth of one-year medium-term lending facility (MLF) loans from 2.65% to 2.50 on Tuesday.
China’s economy falters across all sectors
May 19, 2023, at 04:59 am
Beijing: The Chinese leadership faces an uphill task to revive a slowing economy and increase employment opportunities for youth as the latest economic data for April 2023 missed all expectations.
China's reopening policy fails to save mutual fund industry for another year: Reports
Jan 02, 2023, at 06:54 pm
Beijing: China's reopening policy has arrived too late and this has failed to save the country’s mutual fund industry from another dismal year, media reports said on Saturday.
China's COVID-19 surge affecting factories and consumer market
Dec 28, 2022, at 01:20 am
Beijing: China's COVID-19 surge is troubling the economic state of the country, media reports said on Tuesday.
China’s services sector activity shrinks to 6-month low amid COVID-19 restrictions
Dec 08, 2022, at 02:54 am
Beijing: The COVID-19 situation in China has left the service sector shrinking to a six-month low in November, media reports said on Wednesday.
China's factory activities slow down in March amid COVID-19 resurgence
Apr 02, 2022, at 02:03 am
Beijing: The factory activities in China, a country witnessing a surge in COVID-19 cases, likely shrank in March, media reports said on Friday.
Shrinking job market, ageing population remain China's growing challenge: Report
Feb 23, 2022, at 04:09 am
Beijing: The Chinese economy is facing two way challenges amid COVID-19 imposed slowdown where the country is badly hit by the shrinking job market and an ageing population, media reports said on Monday.
Feb 10, 2022, at 12:13 am
Beijing: Analysts believe China's economy may be declining as a signal of it was seen when consumption over the week-long Lunar New Year holiday in China failed to get anywhere near pre-pandemic levels.
COVID-19: China's small businesses still struggling to recover
May 04, 2021, at 08:54 am
Beijing: China's small businesses are still failing to add to the country's economic recovery as they are struggling to still deal with the damage done to them by COVID-19.
China marks lowest economic growth in several decades
Jan 23, 2021, at 04:31 pm
Beijing: China marked its lowest economic growth in a span of four decades in recent years.
China marks lowest economic growth in several decades
Jan 22, 2021, at 06:42 pm
Beijing: China marked its lowest economic growth in a span of four decades in recent years.
German Chancellor Angela Merel warns Beijing to open up or risk losing access to EU market
Oct 06, 2020, at 04:49 am
German Chancellor Angela Merkel has warned China that Europe may soon start limiting Chinese companies’ access to the single market if Beijing does not agree to a major opening up by the end of this year.
China is threatening global economy, health by exploiting natural resources: US Report
Oct 04, 2020, at 08:00 pm
Washington: China is threatening the global economy and global health by unsustainably exploiting natural resources and exporting its willful disregard for the environment through its One Belt One Road initiative, the US State Department said.
Covid-19 and floods will hold back China's economic recovery: Analysts
Aug 07, 2020, at 06:11 pm
Beijing: The fresh wave of COVID-19 outbreak and the flood hitting the country might hold back China’s recovery from the pandemic as consumption and construction are likely to be hit, analysts believe.