Notably, nearly 12 million Chinese expected to enter the job pool in June at a difficult time. One in five Chinese graduates are jobless, the highest level since China started announcing such statistics in 2018, reported The Straits Times.
However, most Communist states have collapsed, and the Chinese leadership fears being next. Moreover, China's economy today is more capitalist than Marxist and highly dependent on access to world markets.
In April, the non-manufacturing business activity index was 56. Although the figure dropped 1.8 percentage points from March, it was still above the 50-point mark that separates expansion and contraction, indicating that the non-manufacturing sector maintained high-level growth, according to
The recent imposition of a USD 2.48 million fine by a Pakistan civil court on China National Petroleum Corporation for allegedly violating the contract signed with the Petroleum Exploration (Pvt.) Ltd. has again brought forth the increasing economic mistrust between the two countries accentu
Growth in developing East Asia and the Pacific is forecast to accelerate in 2023 as China's economy reopens, while the pace of growth in most of the economies in the rest of the region is anticipated to ease after a strong rebound last year, a World Bank report said.
Moreover, Xi surrounded himself with close aides, such as new Premier Li Qiang. Xi's drive for power is worrying. What if China goes down the wrong path, the global implications could be significant, reported Nikkei Asia.
He said it will take a lot of effort to meet the economic growth target of around five percent and that the government must make stability its top priority and do what is necessary to achieve an overall economic recovery.
The session assumed importance in the backdrop of new geopolitical threats facing China and its lowest growth in decades at 3 per cent in the year 2022.
Indian economy has surprised the globe in more areas than just the financial industry. The world is now aware of India's enormous economic potential thanks to the new Air India agreement with Boeing and Airbus. India's historically large order on the global market has established the prin
In response to the rolling lockdowns, travel restrictions, mass testing, and quarantining of his zero-COVID policy, which ended in December, the ruling Chinese Communist Party general secretary calls for measures to "expand domestic demand"
Congress MP Rahul Gandhi on Sunday questioned External Affairs S Jaishankar's recent remarks on the size of the Chinese economy, asking the minister if India's economy was big when the country was fighting with the Britishers.