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Fitch downgrades outlook on China to negative
Updated : 1 year, 11 months ago IST
Ratings agency Fitch revised its outlook on China's sovereign credit rating to negative from stable, citing risks to the country's public finance outlook and amid a transition away from real estate sector-led growth.
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IMF predicts China to witness economic decline over next four years: Repor
Updated : 2 years, 1 month ago IST
In a report released on Friday, the IMF projected that China's economic growth will reduce to 4.6 per cent this year, down from its 5.2 per cent growth in 2023, and drop further to 3.4 per cent by 2028.
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China turning to cities like Shenyang to squeeze more productivity from re
Updated : 2 years, 5 months ago IST
China is turning to cities like Shenyang to squeeze more productivity and efficiency out of the region’s factories, The New York Times reported.
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China's economic confidence plummets as domestic crises mount
Updated : 2 years, 5 months ago IST
In the midst of these economic challenges, a crisis of confidence is emerging, with growing doubt about the Chinese economy's future.
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China’s economic slowdown alarms international leaders, investors: Report
Updated : 2 years, 6 months ago IST
For the first time in decades, the world’s second economy is itself in problem.
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China stops releasing figures to hide soaring unemployment
Updated : 2 years, 7 months ago IST
The National Bureau of Statistics (NBS) announced on Tuesday that it would discontinue releasing data on unemployment by age group this month after China's youth unemployment rate, which includes those aged 16 to 24, reached a record high of 21.3 per cent in June. Some analysts think the act
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China strives to increase consumer spending as factory sector continues to
Updated : 2 years, 7 months ago IST
China's GDP expanded by only 0.8 per cent in the second quarter of this year, a sharp decline from the meagre 2.2 per cent growth it had in the first three months of 2023. According to CNN, there has been a decline in consumer spending, a decline in the property market, and an increase in th
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Algeria applies to join BRICS alliance in 2023 with contribution of USD 1.
Updated : 2 years, 7 months ago IST
“We officially applied to join the BRICS group, we sent a letter asking to be shareholder members in the bank ... Algeria's first contribution in the bank will be USD 1.5 billion,” An-Nahar Al-Jadid quoted Tebboune as saying.
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Slowing population growth, increase in ageing population impact China’s ec
Updated : 2 years, 7 months ago IST
A slowing population growth coupled with a steady increase in the ageing population is contributing to the deceleration of China’s economic growth, thereby impacting its journey to become the number one economy in the world, Asian Institute for China and IOR Studies (AICIS) reported.
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Falling yuan jitters Chinese government: Analysis
Updated : 2 years, 8 months ago IST
The tightly controlled Chinese yuan has crossed the closely scrutinised 7-per-dollar level and fallen to multi-month lows.
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China's factory gate prices fell at fastest pace in 7 years in May: Report
Updated : 2 years, 9 months ago IST
China has been tackling a sharp decline in prices with factories getting less for their products from key overseas markets. The producer price index (PPI) for May reduced by 4.6 per cent, witnessing a decline for an eighth consecutive month, Gulf Today reported citing the National Bureau of
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China's state-run banks reduce interest rates on deposits: Report
Updated : 2 years, 9 months ago IST
Six commercial banks have announced that they have reduced the rate for demand deposits from 0.25 per cent to 0.2 per cent. The banks have reduced the interest rates on deposits covering a fixed period of time.
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