Goldman Sachs has become the latest banking giant to cut its growth forecast for China, as the country struggles with energy shortages.It now expects the world’s second largest economy to expand by 7.
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Recent Posts
Bank cuts China growth forecast over power outages
China bans all cryptocurrency
China has continued its bitcoin crackdown by making all cryptocurrency transactions illegal. The Chinese central bank issued a statement on Saturday, seeking to clarify a joint notice from regulators …
Some Apple suppliers halt production for a few days in China due to energy crisis
Some of the contract manufacturers and suppliers of Apple in China have temporarily shut down production for a few days. This is because of the government initiating a crackdown as the country faces …
China improves business environment, provides foreign investors with larger markets: white paper
China is steadily improving its business environment and providing foreign investors with larger markets, said a white paper released Tuesday by China’s State Council Information Office. In 2020, …
Drones and jets: China shows off new air power
China on Tuesday showed off its increasingly sophisticated air power including surveillance drones and jets able to jam hostile electronic equipment, with an eye on disputed territories from Taiwan to …
China provincial governor urges more coal imports to resolve power shortages
China should work to import more coal from Russia, Indonesia and Mongolia in order to resolve supply shortages now crippling large sections of industry, said Han Jun, governor of the northeastern …
China’s industrial profit growth slows for sixth month in Aug
Profits at China’s industrial firms grew at a weaker pace in August from a year earlier, slowing for a sixth consecutive month, as manufacturers struggled with high commodity prices, COVID-19 and …
Evergrande fuels concerns over China’s housing bubble
A state crackdown on China’s colossal property market has helped send one of its biggest developers to the brink of collapse, and analysts warn the fallout could lead to the bursting of a bubble that…
World Bank says Delta variant slowing economic growth in East Asia and Pacific
The East Asia and Pacific region’s recovery has been undermined by the spread of the Covid-19 Delta variant, which is likely slowing economic growth and increasing inequality in the region, the World …
Chronic COVID-19 and divergent variants of SARS-CoV-2
A new study discusses the isolation of two variants of concern (VOCs) from an immunocompromised COVID-19 patient.
China reports 31 new coronavirus cases for Sept 27 vs 35 a day earlier
China on Tuesday reported 31 new confirmed coronavirus cases in the mainland for Sept. 27, compared with 35 a day earlier, according to the National Health Commission. China reported 7 new …
Shenzhen opens first Evergrande inquiry
The Shenzhen government is investigating a unit of Chinese developer Evergrande, the city’s financial regulator told investors yesterday, in the first sign of an official inquiry into the wealth …
Washington’s Release of Meng Wanzhou Caps Two Weeks of Diplomatic Moves on China
The Quad meeting, the AUKUS pact, and a Cold War-style prisoner swap reveal where new geopolitical fault lines lie …
