New government data shows that growth for the year fell far short of Beijing’s goal. With Covid curbs lifted but the pandemic’s course uncertain, hope and fear cloud the forecast.
Monthly Archives For January 2023
China’s economy slows sharply with GDP growth close to lowest level in 45 years
The economy grew 3% in 2022, exceeding some forecasts, but still well below China’s official target for the year
Instant view: China’s economy slows sharply in Q4, 2022 growth one of the worst on record
China’s economy slowed sharply in the fourth quarter due to stringent COVID curbs, dragging down 2022 growth to one of its worst in nearly half a century and raising pressure on policymakers to unveil …
China’s Population Falls, Heralding a Demographic Crisis
Deaths outnumbered births last year for the first time in six decades. Experts see major implications for China, its economy and the world.
China’s population declines for the first time in decades
Record low births in the world’s most populous nation challenge its consumption-driven growth model and raise questions about whether it can overtake the U.S. as the world’s largest economy.
China population shrinks for first time in over 60 years
China’s population shrank last year for the first time in more than six decades, official data showed Tuesday, as the world’s most populous nation faces a looming demographic crisis.The population stood at around 1,
China’s Economy Grew 3% Last Year, Not Even Half 2021’s Rate
China’s economic growth fell to 3% last year under pressure from antivirus controls and a real estate slump but is gradually reviving after restrictions that kept millions of people at home were lifte
Beauty Farm IPO Soars By 53% On Hopes China Spending Poised To Recover
Beauty Farm gained 53.5% to HK$29.65, or $3.80, yesterday compared with its IPO price of HK$19.32. The company raised HK$387.2 million in its initial offering, most of which will be used to upgrade …
China’s coronavirus death data underestimates actual count: Report
The official toll translates to 1.17 deaths daily for every million people in the country over the course of five weeks, according to a Bloomberg analysis …
Beijing lifts restrictions on rideshare giant DiDi Chuxing
Chinese ride-share provider DiDi Chuxing announced on Monday that after a year and a half of being banned from registering new riders, the Cybersecurity Review Office has allowed it to resume recruitment of customers.
Medical networks help Beijing overcome COVID-19 outbreak peak
After Beijing optimized its COVID-19 control measures early last month, authorities established a comprehensive medical treatment network and made full use of grassroots facilities to cope with the soaring number of cases.
Analysis: Airlines face hurdles to cashing in on China re-opening
U.S. and European airlines will benefit from pent-up demand for travel to China after its recent border reopening, but route approvals, fresh COVID-19 testing rules and not enough large aircraft …
China reports 3% GDP growth for 2022
BEIJING — China reported GDP growth for 2022 that beat expectations. GDP grew by 3% in 2022, the National Bureau of Statistics said Tuesday. That was better than the 2.8% forecast in a Reuters’ poll.
