Tag: chinese economy
Police Detain Evergrande Wealth Management Staff in Latest Blow to Embattled Property Developer
Several employees of Evergrande’s financial subsidiary, Evergrande Wealth Management, have been detained...
As China’s Finances Worsen, Thug-like Local Governments Impose a ‘Fines Economy’
As China's real estate, manufacturing, service, and consumer sectors shrink, local government tax revenues...
Risk of Deflation in China Raises Concerns for the Global Economy
As economies in the west raise interest rates in an attempt to reign in historic levels of inflation,...
Investors Wary of China’s Economy Amid Stagnant Post-Pandemic Recovery and Anticipated Stimulus Measures
As momentum for China's post-pandemic economic recovery begins to decelerate, the upcoming stimulus measures...
Chinese Govt. Statistics Admit to 20% Youth Unemployment Rate
Amidst a sputtering economy and weaker growth than forecasted China’s youth appear to be bearing the...
As China’s Population Growth Stalls, So Will the Global Economy
The world’s most populous country and second largest economy is facing a major demographic challenge:...
China to Roll Out More Measures to Stabilize Economy: State Media Reports
BEIJING — China will continue to roll out phased policies to stabilize its economy with a focus on reviving...
China Fights Uphill Battle to Rescue Its Economy While Keeping ‘Zero-COVID’
Since late May, state and Chinese Communist Party propaganda outlets have been noticeably promoting Beijing...
‘Unified National Market’ Push Exposes Steep Challenge of Reforming China’s Economy
On April 10, the Central Committee of the Chinese Communist Party (CCP) and the Chinese government’s...
Shenzhen Civil Servants’ Pay Slashed as Chinese Government Sees Fiscal Shortages
China has seen pay cuts for civil servants in recent years. Since the second half of 2021, the more affluent...
7 Ways China Is Destroying Its Own Economy
News analysis In 2021, China’s economy finds itself in chaos. According to its National Bureau of...
Premier Li Keqiang Asks Officials to Avoid Communist-style ‘Bureaucratism’ as China’s Economic Crisis
News analysis At a recent meeting in Shanghai, China’s number two statesman provided provincial leaders...