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CHINESE ECONOMY

A woman wears a protective mask as she walks past the People's Bank Of China (PBOC) on Financial Street, April 17, 2020 in Beijing, China. China's gross domestic product (GDP) stood at 20.65 trillion yuan (about 2.91 trillion U.S. dollars) in the first quarter of 2020 amid COVID-19 impact, down 6.8 percent year on year, according to data from the National Bureau of Statistics (NBS).
4 Factors to Watch in China’s Latest Economic Stagnation
Given China’s tightened real estate market and the newest spread of COVID-19, quarterly data due to be released on Jan. 17 will likely show a drastic drop in economic growth. Economists' median forecast has placed...
China Targets KFC, Starbucks in State-led Crackdown on International Brands
In a recent wave of boycotts seen in China, KFC has found itself as the latest target after being accused of food waste amid growing concern over food safety regulations in the country.  The accusations...
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Fed up, German Companies Leaving China Due to ‘COVID Zero’ Policy
The Chinese Communist Party’s (CCP) harsh lockdown of the city of Xi'an has severely interrupted the supply chain.  Beijing's "Covid Zero" policy has caused misery not only for its people but also for German companies...
2022-01-10
Chinese Phones Sold in Taiwan Accused of Content Censorship, Users’ Private Data May Be Tracked by Beijing
After the Lithuanian Ministry of Defense revealed that the Mi 10T 5G smartphone sold by Chinese company Xiaomi in Europe 2021 could censor approximately 450 words and phrases, the Taiwan National Communications Commission of Taiwan...
Economically Challenged Sri Lanka Asks China to Extend Loan Repayment Programs Amid Financial Crisis
The president of Sri Lanka has asked Beijing to restructure its debt repayments as part of efforts to help the South Asian country navigate a worsening financial crisis. President Gotabaya Rajapaksa made the request during...
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Bond King Jeffrey Gundlach Does Not Find China an Attractive Investment
With many Chinese stocks having fallen massively in share value over the past year, some investment experts are advising people to bet money in these stocks by calling them an attractive opportunity. However, Jeffrey Gundlach,...
Asian Trade Bloc Looks to China as RCEP Aims to Invigorate a Struggling Regional Economy
Members of a China-centered Asian trade bloc hope the initiative will help stimulate local economies following crippling losses sustained during the pandemic.  The Regional Comprehensive Economic Partnership (RCEP) includes 15 countries in the Asia-Pacific region...
China’s Central Bank Launches Digital Currency App
In an ambitious push to expand its digital currency, China’s central bank has launched a trial version for its digital yuan via a wallet app.  The app is now available on China’s Android and iOS...
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Consumer Spending Remains a Big Challenge For the Chinese Economy in 2022
In the past few months, sluggish consumer spending has negatively affected China’s economic growth. Some experts feel that such spending will remain a big challenge for China in 2022 as well. Consumption is one of...