Tag: China economy
China’s deflation risk grows as signs of economic weakness mount
China’s core inflation cooled to the weakest in more than three years, adding to signs policymakers are struggling to get households spending and further putting…
Foreign investors pull record money from China. Here’s why
Foreign investors pulled a record amount of money from China last quarter, likely reflecting deep pessimism about the world’s second-largest economy. The Chinese national flag…
China Economy: Joe Biden fears China is ‘ticking time bomb’ posing danger to world
WASHINGTON: President Joe Biden expressed concern that China’s economic and demographic problems have turned the world’s second-largest economy into a “ticking time bomb” that threatens…
Penny Stock: Once China’s top builder, Country Garden turns into penny stock
BEIJING: Country Garden Holdings Co, formerly China’s largest developer by sales, has become a Hong Kong penny stock amid increasing scrutiny of its operations and…
Xi Jinping’s spent two days outside China in 2023 as problems mount
BEIJING: Two days is all President Xi Jinping has spent outside his country this year, as mounting domestic problems from a faltering economy to rare…
‘China’s July services activity expands at quicker pace’
BEIJING: China’s services activity expanded at a slightly faster pace in July, supported by a jump in business in the summer travel season, a private-sector…
China on course to achieve 5% economic growth target in 2023: Li Qiang
TIANJIN, China: China is on course to achieve its five percent target for economic growth for 2023 set by Beijing earlier this year, premier Li…
After Tim Cook, China tries to revive investor interest with Bill Gates’ visit
Microsoft Corp. co-founder Bill Gates says he is in Beijing, joining a series of foreign business figures who have visited China as the ruling Communist…
China struggles with weak post-Covid economic recovery
SHIYAN (China): Sales of Yizhuan Automobile Co.’s trash trucks picked up after China ended anti-virus controls in December, but their growth is in low gear…
China’s No. 2 leader Li Qiang says economy improved in March
BO’AO, China: China’s new No. 2 leader said Thursday its economic recovery improved in March and tried to reassure foreign companies the country is committed…