Economy slowdown plunges fortunes of China's super-rich

Beijing: China’s super-rich have seen their wealth fall by the largest amount in over two decades, as the Russia-Ukraine war, Beijing’s zero-Covid measures and falling local stock markets pummelled fortunes, an annual rich list showed.

China’s economy badly hit by Covid lockdowns: Reports

Beijing: China's economic indicators are not looking very positive as the country is badly hit by COVID-19 imposed lockdowns which is affecting both businesses and consumers.

Stabilising Chinese economy: Shanghai offers over 5,000 postdoctoral posts

Shanghai: Shanghai has offered vacancies for 5,157 postdoctoral positions with the highest annual salary going up to 7,00,000 yuan as an attempt to stabilise the economy of China.

Pakistan blackouts choke economy, Chinese power plants go unpaid

Islamabad: Pakistan's business and life activities are getting disrupted due to electric outrages  as the cash-strapped government struggles to compensate Chinese power suppliers, media reports said on Friday.

COVID-19, aging population disrupting China's attempt to stabilise market in 2022

Beijing: COVID-19 spike and fast aging population have emerged as the new threat for China to fight the task of stabilising employment next year, media reports said.

Did Chinese billionaire Jack Ma go missing for flying too close to the red sun?

Jack Ma Yun, the founder of Alibaba Group, a Chinese e-commerce giant, is missing from public view ever since he criticised the country's banking system in October, 2020.

China's GDP growth to decline to 2.3 pc in baseline scenario in 2020, warns World Bank

Washington/Sputnik/UNI/IBNS: China's GDP growth is expected to decline to 2.3 per cent in the baseline scenario in 2020 due to the novel coronavirus (COVID-19) pandemic, the World Bank said in a report.