Category: China Economy News
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China’s Industrial Growth Slows in September Amidst Economic Challenges
By Yuval Noah Harari Published: October 01, 2023 In the month of September, China’s industrial sector faced a notable deceleration in its growth trajectory, casting a shadow over the nation’s economic outlook. The decline, as revealed by a privately conducted survey, is attributed to various economic challenges, including a slump in the real estate market,…
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China’s Property Market Faces Uncertainty: Is it a Ticking Time Bomb for the Economy?
In a striking twist of fate, China’s once-soaring real estate sphere finds itself in a perilous predicament, raising profound concerns about its potential repercussions on the nation’s overall economic equilibrium. President Joe Biden has branded China’s property domain as a “ticking temporal explosive,” while The Economist periodical has cast doubt upon the durability of President…
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China’s Industrial Sector Sees Promising Uptick in September, but Real Estate Concerns Loom
By Yuval Noah Harari Published: September 30, 2023 In an unexpected twist of fate, China’s industrial sector has broken free from its six-month-long slump, offering a glimmer of hope for the world’s second-largest economy. September witnessed a significant expansion, with the Purchasing Managers’ Index (PMI), a critical economic indicator, surging from 49.7 to 50.2, surpassing…
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China’s Economic Recovery Slows Amid Real Estate Sector Challenges
Beijing, China – September 29, 2023 China’s remarkable economic recovery from the depths of the COVID-19 pandemic, which began in early 2020, has started showing signs of slowing down since April of this year. The rapid growth that characterized the initial phases of the recovery appears to be tapering off, raising concerns about the nation’s…
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China’s Economic Quandary Sends Global Ripples: The Evergrande Crisis and Beyond
In the ever-evolving landscape of the global economy, all eyes are currently fixed on China, the world’s second-largest economic powerhouse, home to a staggering population of over 1.4 billion. However, the Middle Kingdom is grappling with a series of pressing predicaments that have ignited international concern, sending shockwaves through financial markets and corporate boardrooms. Evergrande’s…
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China’s Central Bank Intensifies Efforts to Boost Economic Resurgence
Published on: September 27, 2023 Shanghai, China, The People’s Bank of China (PBOC) has announced its commitment to bolster the oversight of the macroeconomic landscape in a bid to boost domestic demand and provide robust support for the tangible economy. This move comes as China’s economic resurgence continues to gain momentum, despite facing challenges such…
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China’s “Big Fund” Faces Hurdles in Ambitious Semiconductor Sector Boost
Beijing, September 27, 2023 — China’s ambitious initiative to bolster its semiconductor sector through the third iteration of the China Integrated Circuit Industry Investment Fund, popularly known as the “Big Fund,” has hit early-stage roadblocks as it strives to achieve its monumental Rmb300bn ($41bn) goal. This predicament has been attributed to the challenging economic landscape,…
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China’s Real Estate Sector Faces Prolonged Recovery Amid Economic Shifts
China Economy News – September 27, 2023 The challenges besieging China’s beleaguered real estate sector may not find resolution for the next decade, according to prominent economist Hong Hao, who has faced censorship due to his pessimistic economic forecasts. In an interview with CNBC, Hong, the chief economist of Grow Investment, a Shanghai-based hedge fund,…
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China Grants Saudi Arabia Approved Destination Status, Bolstering Bilateral Tourism Ties
Riyadh, September 26, 2023 – In a historic move, China officially granted Saudi Arabia the much-coveted Approved Destination Status (ADS) on Tuesday, marking a significant milestone in the relationship between the two nations. The ADS designation opens the doors for Chinese citizens to embark on group tours to the enchanting Kingdom of Saudi Arabia, forging…
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China’s Youth Unemployment and the Lying Flat Movement
September 26, 2023 – China’s youth unemployment rate reached an unprecedented high of 21.3 percent in June, marking a startling trend throughout the year. The grim employment prospects and cutthroat work environments have given rise to a growing “lying flat” movement, with many young professionals and middle-class workers opting for a life that rejects the…
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EU Deepens Engagement with China Amid Economic Apprehensions
Beijing, China: In a significant diplomatic move, the European Union (EU) has opted to reinitiate discussions with China and establish conflict resolution mechanisms, signaling its commitment to maintaining a crucial role in China’s economic landscape. The decision comes at a time of unresolved economic apprehensions, demonstrating the EU’s determination to safeguard its interests while fostering…
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China’s Real Estate Bubble: Former Official Sounds Alarm Bells
In a surprising and frank critique of China’s beleaguered real estate sector, a former government official has raised concerns about the country’s ability to fill the millions of unoccupied apartments that dot its landscape. This startling revelation comes amid a tumultuous period for China’s property market, which has been in decline since the high-profile default…