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Updated : 1 week, 4 days ago IST
Notably, in the wake of the Covid-19 pandemic, people see the dollar as the safe place to put their money in, avoiding risks; not the Chinese Yuan.
Updated : 3 weeks, 2 days ago IST
Though 2023 started on a weak note for stock investors, the outlook is expected to be bright globally as the year proceeds, fueled partly by the reopening of the Chinese economy after the Covid-induced lockdown.
Updated : 1 month ago IST
Draconian zero-Covid policy which did incalculable harm to the Chinese economy but failed to control the virus.
Updated : 1 month, 1 week ago IST
China's exports to its largest trading partner, the US, fell by 12.6 per cent in October, a third-straight month of decline. Exports to the EU were down by 9 per cent.
This was well below forecast and seems to have been caused by lockdowns associated with its Zero Covid policy, the London-based consultancy said in a report.
The Chinese economy was already struggling when Beijing abruptly relaxed its stringent zero-Covid policy. Retail sales had contracted in November because of widespread lockdowns, and unemployment had surged to the highest level in six months.
Updated : 2 months, 3 weeks ago IST
As Chinese leader Xi Jinping kicks off his third term as general secretary of the Chinese Communist Party (CCP), Beijing is reeling under economic stress due to the real estate crisis and zero-Covid policy, deeply affecting its manufacturing units.
Updated : 2 months, 4 weeks ago IST
The most important challenge that the Xi-led CCP government faces is the slowing of the Chinese economy.
Updated : 3 months ago IST
The Chinese economy has ceased to become a priority area for Chinese President Xi Jinping's administration.
Updated : 3 months, 3 weeks ago IST
Beijing [China], October 15 (ANI): Surge in covid cases in the Tibet Autonomous Region (TAR) has given a severe blow to Chinese authorities to achieve their annual growth targets as the impact is seen on the already slowing Chinese economy, media reports said.
Updated : 4 months ago IST
Beijing [China], October 8 (ANI): The Chinese economy is in trouble and the road to recovery may be a long one.
Beijing [China], October 4 (ANI): At the upcoming 20th National Congress, the Chinese regime led by Xi Jinping, will look to provide answers to key challenges facing China, including Covid-19, economy, and Taiwan issue.