Falling consumer and factory prices are adding pressure on policymakers to step up China’s monetary and fiscal support to combat deflation.
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China is Tight-Lipped on Trump’s Request to Delay His Xi Summit
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China is tight-lipped on Trump’s request to delay his trip to Beijing.
Rong Museum, a flower-like structure within the M80 Campus in Shenzhen’s Houhai district, will open in 2027
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China Slides Into Deflation as Consumer and Factory Prices Drop
China’s Economy Faces Yet Another Threat: Falling Prices
A deepening slowdown in the world’s second-biggest economy has now raised fears of deflation, which could be crippling for heavily indebted China.
A rift is growing between Xi and Putin after Russia mocked a Ukraine peace plan backed by China
China has been Russia’s most important backer amid the war in Ukraine, but it is growing increasingly frustrated with Russia’s leadership.
China is escalating its war on kids’ screen time
The extreme summer heat of 2023 has made it a great year for Chinese air-conditioner manufacturers. According to the Chinese financial publication Yicai, the El Niño phenomenon caused temperatures to …
New variant EG.5 is on the rise as Covid-19 cases and hospitalizations go up
There’s a new coronavirus variant topping the leaderboard in the United States: EG.5. Nationally, EG.5 is causing about 17% of new Covid-19 cases in the country, compared with 16% for the next most common lineage,…
HK-Shenzhen train passengers get flexible ticketing
A new flexible cross-border travel program jointly launched by China Railway Guangzhou Group and its counterparts in Hong Kong, will soon take effect to improve connectivity between Hong Kong and the …
The world’s biggest law firm is splitting off its business in China
Dentons, the world’s biggest law firm by number of employees, is distancing itself from its business in China in response to intensifying regulation in the country.
China’s property crisis deepens as another huge developer risks default
Investor confidence in China’s troubled property sector has been rocked again this week by reports that one of the country’s largest private building conglomerates missed interest payments on two bonds.
China tips into deflation as growth woes deepen
STORY: While the rest of the world grapples with inflation, China appears to be sliding into deflation. Consumer prices fell in July.Factory-gate prices also extended declines last month as the world’s second-largest economy struggled to…
Flashfloods kill 7 in southwestern China, death toll climbs to 33 in Beijing downpour
At least seven people died on Wednesday due to flashfloods in southwestern China, officials said. “Four (missing people) have been rescued, while seven have already been confirmed dead,” broadcaster …
China Consumer Prices Fall. It’s Not Quite Deflation But a Sign of a Faltering Economy.
Chinese consumer prices fell in July for the first time since the depths of the pandemic, the latest indication that the world’s second-largest economy is weak. The consumer price index declined 0.3% …
China trade surplus narrows sharply in July as exports, imports both posted double-digit decline
China’s trade surplus plunged to $80.6 billion in July 2023 from $102.7 billion in the same period a year earlier, compared to market forecasts of $70.6 billion, as exports fell
Japanese Carmakers See Next Few Years as Fight for Survival in China
This year, analysts expect Chinese brands to surpass foreign brands in their share of the overall domestic market for the first time in decades. Already in the first six months of 2023, local brands …
