China’s National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, exceeding the 4.5% expected by economists polled by Reuters. Beijing has faced public scrutiny …
Monthly Archives For October 2024
China’s Q3 GDP grows 4.6% y/y, slightly above economists’ estimate
China’s economy expanded 4.6% in the third quarter from a year earlier, official data showed on Friday, slightly beating analysts’ expectations, maintaining pressure on policymakers as they consider …
China’s Lackluster Growth Continues, Signaling Why Beijing Acted on Economy
Falling prices, weak consumer spending and a housing market crash help to explain why the Chinese government is taking steps to stimulate the economy.
China’s Mega Banks Trim Deposit Rates as Stimulus Hits Profits
China’s largest state-owned lenders have cut their deposit rates on Friday, their second reduction this year as they rushed to salvage record low margins amid weakened profitability.
China urges swift implementation of expansive financial policies
China’s central bank and financial regulators have held meetings with key financial institutions, urging them to swiftly implement expansive policies to support the economy and the capital markets.
Shenzhen deploys drone units to prevent accidents, maintain order
The hum of rotors is becoming a familiar sound in the skies above Shenzhen, a city in Guangdong province known for its technological innovations. But these aren’t just recreational drones; they’re the …
The China-Decline Narrative Gets It All Wrong
China’s economic trajectory could offer exciting opportunities to investors, Diana Choyleva writes in a guest commentary.
China’s economy likely to have slowed in Q3, Beijing’s 2024 target at risk
China’s economy is expected to have slowed in the third quarter, dragged by a prolonged property downturn and weak consumption, maintaining pressure on policymakers as they consider more stimulus …
China expected to post slowing growth as economic woes drag
China is expected to post its slowest growth in a year and a half on Friday, as Beijing struggles to steady an economy shaken by sluggish spending and persistent property sector woes. Analysts surveyed by…
‘Really squeezed’: Why drivers in the world’s largest food delivery market are having meltdowns
A food delivery rider suddenly loses it in the middle of the road, smashing his cellphone on the pavement after getting a negative review from a customer.
Expat community uneasy 1 month after killing of Japanese boy in China
Students of a Japanese school in the southern Chinese city of Shenzhen and their parents were still haunted by the fatal st …
IMF’s Georgieva says China can no longer rely on exports for growth
International Monetary Fund Managing Director Kristalina Georgieva told Reuters on Thursday that China is too large to continue relying on exports to drive its economy and faces dangerously slower …
White House warns China using overproduction for global dominance
China is making far more goods than it needs in order to dominate global markets, White House official Daleep Singh said on Thursday, adding the Asian giant has amassed growing market power that it …
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