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

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

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 rubber-stamp […]

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

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

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 after […]

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Xi Jinping | The princeling’s next decade

Xi Jinping | The princeling’s next decade

Facing an existential crisis in 2012, the Communist Party of China turned to a ‘princeling’. A decade on, Xi Jinping has rewritten the Party rulebook and is laying the groundwork for years of continued dominance Facing an existential crisis in 2012, the Communist Party of China turned to a ‘princeling’. A decade on, Xi Jinping […]

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Chinese President Xi Jinping meets PLA border troops in Xinjiang

Chinese President Xi Jinping meets PLA border troops in Xinjiang

China’s President Xi Jinping on Friday held a rare meeting with Chinese military commanders and troops involved in the ongoing stand-off with India in Eastern Ladakh. Mr. Xi met with the top brass of the Xinjiang military district in the regional capital Urumqi, on the last day of his four day visit to the region, […]

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