A labour shortage will automatically strengthen the labouring Chinese demand for decent work hours and pay. But once labour becomes costly, it will reduce the benefits of manufacturing accruing to the government and impact exports.
Data about China's growth and the image the country is trying to portray on the international forums are contrary. On one hand, the data on employment and GDP point towards a crisis. But Chinese authorities are still trying to put up a positive image on international forums, The Singapore Po
Moreover, the decline in population lays bare the country's falling birthrate, a trend that experts said was exacerbated by the pandemic and will threaten its growth over the long term. The 3 per cent growth rate, the second weakest since 1976, reflects the stifling effect of the government'
In China, growth is projected at 4.3 per cent in 2023--0.9 percentage points below previous forecasts. The second-largest economy in the world is now falling back in the race.
Aidan Yao, the senior emerging Asia economist at AXA Investment Managers in Hong Kong, has called the lack of pandemic data a cause for concern for the market.
Amid the surge in COVID-19 cases and economic crisis in the country, China is stuck in a dilemma as the imposition of the zero-Covid policy is saving people's lives but at the same time, impacting its economy, effectively putting the second largest economy in a "double whammy," Inside Over r
Defence minister Rajnath Singh, while participating at industry body FICCI's annual general meeting, on Saturday spoke at length about how India and China's economy fared in the past seven-odd decades and how economic reforms in both the countries shaped the economic prospect.
China faces a once-in-a-generation economic challenge and the Chinese Communist Party's (CCP's) decisions will significantly shape the lives of the country's 1.4 billion people. Chinese President Xi Jinping foresees in his third term that China would be facing the most serious geopolitical a
Many businesses in China, particularly customer-facing ones, are afraid that they might not be able to survive till next year as China is still fighting some of the biggest outbreaks.