China economy – News Portal

China sets economic growth target of ‘around 5%’ for 2023, lowest in decades

March 5, 2023March 5, 2023cpooldigitalLeave a Comment

[ad_1] Image used for representational purpose only. | Photo Credit: AFP China on Sunday set an economic growth target of “around 5%” for 2023, one of the lowest in decades, as its annual National People’s Congress opened in Beijing. The target was announced in a work report delivered by outgoing Premier Li Keqiang as the […]

China’s property woes fuel risks to its financial system: Moody’s report

December 2, 2022December 2, 2022cpooldigitalLeave a Comment

[ad_1] Residential buildings in Huaian, in China’s eastern Jiangsu province. File | Photo Credit: AFP Risks to the stability of China‘s financial system are rising on continued sluggishness in its property sector and an economic slowdown, making smaller banks more vulnerable, rating agency Moody’s said on Friday. China’s property sector has slowed sharply this year […]

India’s imports from China surge to record high in first nine months of year

October 26, 2022October 26, 2022cpooldigitalLeave a Comment

[ad_1] India imported $89.66 billion worth of goods from China in the first nine months of 2022, the highest on record for three quarters in any year. Two-way trade has crossed $100 billion India imported $89.66 billion worth of goods from China in the first nine months of 2022, the highest on record for three […]

China’s July industrial profits down as COVID-19 curbs, heatwaves hit

August 27, 2022August 27, 2022cpooldigitalLeave a Comment

[ad_1] Profits at China’s industrial firms fell 1.1% in January-July from a year earlier, wiping out the 1.0% growth logged during the first six months, country’s National Bureau of Statistics said Profits at China’s industrial firms fell 1.1% in January-July from a year earlier, wiping out the 1.0% growth logged during the first six months, […]

China faces jobs crunch as growth slows

August 25, 2022August 25, 2022cpooldigitalLeave a Comment

[ad_1] Hiring has fallen as China’s growth slowed to 0.4% in the second quarter, weighed down by COVID-19 lockdowns. Hiring has fallen as China’s growth slowed to 0.4% in the second quarter, weighed down by COVID-19 lockdowns. Even a couple of years ago, Byron Liu, a graduate of Beijing’s elite Tsinghua University, the alma mater […]

China’s factories slide back to slower growth amid broad demand strains

August 1, 2022August 1, 2022cpooldigitalLeave a Comment

[ad_1] China’s factories lapsed into slower growth in July just a month after rebounding strongly, with persistent demand weakness and domestic COVID-19 outbreaks throwing the country’s vast manufacturing sector back into a fresh period of uncertainty. A private poll by Caixin on Monday showed factory activity expanded at a slower pace in July. That came […]