Tue, 21-Oct-2025

China’s economy grew 8% in 2021 but property, virus threats loom

China’s economy

BEIJING: China’s economy expanded at its fastest pace for 10 years in 2021, according to an AFP poll of analysts, but its strong recovery from the Covid-19 pandemic is threatened by Omicron and a property sector slowdown. The eight per cent growth would be well above the government’s target of more than six per cent, and comes on … Read more

China’s exports stay strong, trade surplus hits $84 billion

China’s exports remained strong in October, a positive sign for an economy trying to weather power shortages and the Covid-19 outbreaks, Arab News reported. The country’s customs agency said that exports totaled $300.2 billion, up 27.1 per cent from a year ago. That was down from a 28.1 per cent increase in September but still … Read more