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Tag: Chinese Economy 2022

10,000 Millionaires Expected to Leave China This Year–And Take $48 Billion With Them: Report
According to a consulting firm specializing in foreign investments, over 10,000 of China’s wealthiest are looking to immigrate to other countries this year.  A report by London-based firm Henley & Partners, found that the average...
With Both Small and Large Banks in Trouble, Will China’s Debt Crisis Blow Up?
A banking crisis in China’s Henan Province has seen hundreds of thousands of people unable to access their bank accounts since mid-April.  The four banks in question, located in Henan and neighboring Anhui Province, attracted...
China Considers Buying Into Russian Energy Amid Growing Economic Challenges and COVID Lockdowns
Financial news analysis China’s ambitious economic growth target for the year is already being questioned by analysts just days after being announced as the country faces a spike in oil prices, continuous new COVID-19 outbreaks...
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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...