Provided by Firstpost China’s budget deficit records $1.1 trillion on Covid zero fall . New Delhi: China’s broad budget deficit hit a record so far this year, showing how d …
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WRAPUP 1-Beijing braces for surge in severe COVID cases as world watches with concern
Beijing faces a surge in severe COVID-19 cases over the next two weeks, a respiratory expert said, amid global concerns over possible mutations and knock-on effects for the world economy after the …
China poised to see notable economic rebound in 2023: Officials and experts
The conference demanded making economic stability a top priority and pursuing steady progress while ensuring economic stability for the next year. Speaking at an annual Chinese economic meeting held …
China: Domestic and External Conditions are Leading to a Weakened Economic Outlook
Economic activity in China continues to track the ups and downs of the pandemic—outbreaks and growth slowdowns have been followed by uneven recoveries. Real GDP growth is projected to reach 2.7 …
China: Covid Still A Major Issue, Says World Bank, Slashes GDP Growth Projections
China’s ongoing struggles with Covid are bringing instability to the country’s economic outlook. A massive wave of protests has led the ruling Communist Party to dial down on its strict “zero-covid” …
Does Zero Covid’s End Mean China Is Running Out of Money?
The policy may be the result of falling revenue and the high cost of nucleic-acid testing.
China’s leaders ponder an economy without lockdowns—or crackdowns
Their decision, if that is what it can be called, has brought an abrupt end to China’s “zero-covid” policy. Now unable to defeat the virus, China’s central government says it is too mild to be…
Asian markets mostly weaker as investors question China reopening
Asian share markets were trading mostly in negative territory on Tuesday, as investors anticipated a somewhat rocky road for China’s unwinding of COVID restrictions and the prospect that U.S interest …
Beijing to bolster global economic recovery in 2023
BEIJING: China will continue to be a reliable and important driving force of global economic growth in 2023 on account of its economy’s resilience, analysts …
World Bank slashes China GDP forecast
BEIJING: The World Bank on Tuesday cut its 2022 growth forecast for China as the coronavirus pandemic and weaknesses in the property sector hit the world’s …
China’s budget deficit hits record 7.75 trillion yuan on Covid zero slump
CHINA’S broad budget deficit hit a record so far this year, showing how damaging the now abandoned Covid Zero policy and the ongoing housing slump have been to the economy and to the government’s …
China’s Budget Deficit Hits Record $1.1 Trillion on Covid Zero Slump
China’s broad budget deficit hit a record so far this year as government revenue continued to shrink due to the slowing economy and Covid Zero policies, while spending grew.
Low-priced Russian oil boosts profits of China’s independent refiners
China’s independent refiners are boosting their profits from processing low-priced Russian oil as western sanctions on Moscow give them leverage to negotiate for steeper discounts, industry sources …