Truth, Inspiration, Hope.

Tag: Capital Economics

China’s GDP in the fourth quarter declined when compared to a year back.
China’s Q4 GDP Slowest in 1.5 Years
China, the world’s second-largest economy, got off to a strong start in 2021 following the economic turbulence resulting from the COVID-19 pandemic in 2020. But after posting a record growth of 18.3 percent in the...
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).
China Gave Out A Record $3.14 Trillion in New Bank Loans
Data released by the People’s Bank of China (PBOC) on Jan. 10 showed that China’s new yuan loan lending hit a record 19.95 trillion yuan ($3.14 trillion) in 2021, 1.6 percent more than the 19.63...
One hundred Chinese yuan banknotes.
Chinese Central Bank Slashes Main Interest Rate Amidst Economic Pressure
On Dec. 20, the People’s Bank Of China (PBOC) announced a five-basis point cut in its one-year Loan Prime Rate (LPR), taking it from 3.85 percent to 3.80 percent. Though the rate cut is small,...
China's Liaoning province has issued power outage alerts amidst a national power crisis.
More Power Outages as Communist China Suffers From Coal Shortage
On Oct. 11, Liaoning province in China issued a level two alert for power shortage. Liaoning is part of China's rust-belt industrial region. It is the largest power consumer among the three provinces that make...
Some American businesses are seeking an end to the trade war and reduction in tariffs on Chinese imports.
American Businesses to Biden: End Trade War With China and Restart Trade Talks
In 2018, President Donald Trump slapped tariffs and other trade barriers on China due to the country’s unfair trade practices and intellectual property theft, triggering the trade war between the two nations. Though Beijing promised...