The country’s second-largest economy exceeded forecasts, reaching 4.6% in Q1. Beijing set an ambitious annual growth target of “around 5%.” Retail sales growth declined to 3.1%, indicating a decline in consumer confidence. Even as the crisis in its property sector deepened, China’s economy surged stronger than expected at the start of the year. Official data … Read more
China’s second-quarter GDP growth rate of 6.3% falls below analysts’ forecasts. The quarterly growth rate of 0.8% marks a significant decline from 2.2% in the first half of the year. Despite the slowdown, China’s growth outpaces the previous quarter’s expansion of 4.5%. China’s economy experienced a slower-than-expected growth rate of 6.3% in the second quarter … Read more
A man was punished for reclining back on a train. It reignited the dispute over reclined seats. Wang was using his new laptop on a foldable seat-back table when Liu reclined. In China’s Hunan province, a man was punished for reclining back on a train, reigniting the dispute over reclined seats. In March 2022, a student … Read more
China’s zero-Covid policy keeps infections and deaths low at considerable economic and societal cost. Last week, unfounded rumors of a departure from the costly policy sent Chinese stocks surging. Health officials say they will continue to eliminate Covid cases as soon as they arise. Despite public outcry that its zero-Covid policy is costing lives, China … Read more
The Chinese yuan is quickly depreciating as the world’s second-largest economy struggles under the weight of Covid regulations. Concerns over escalating lockdowns in key cities, as well as Beijing’s tight links with Moscow in the aftermath of Russia’s invasion of Ukraine, have driven investors out of China since the beginning of the year. The linkages … Read more
China’s economy grew 4.8percent within the first zone, the National Bureau of Statistics said Monday, warning of “giant demanding situations” beforehand as a resurgence of the coronavirus threatens Beijing’s bold annual goal. The international’s 2d-biggest economy was already losing steam within the latter half of the remaining 12 months with a property droop and regulatory … Read more
