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.
Apple on Sunday (local time) said that it has temporarily reduced iPhone 14 production because of COVID-19 restrictions at its assembly plant in China.
Beijing [China], October 11 (ANI): At the 20th Party Congress set for this Sunday, Chinese President Xi Jinping is not likely to flaunt his party's development in terms of economy as the country struggles with a continuous financial slump, according to media reports.
Beijing [China], September 30 (ANI): The World Bank concluded in its recent forecast that Beijing's economy will grow at a slower rate than the rest of East Asia this year as China's Zero Covid Policy has resulted in the shutdown of businesses in the country impacting hundreds of thousands o
Beijing [China], September 23 (ANI): European corporate investment in China is slackening as the country's real estate market is slumping, consumer spending drying up because of stringent "Covid zero" policies, as well as American investment is also faltering because of geopolitical tensions
Beijing [China], September 22 (ANI): In a bid to stabilize Bejing's worsening economy, China at the SCO summit in Samarkand seems to propagate its developmental goals to convince the global leaders and the new list of countries it has targeted for its so-called trade agreements.
Beijing [China], September 1 (ANI): As China is facing the impact of COVID-19-related lockdowns on its economy and the escalating tension between Beijing and Washington over Taiwan Straits, a large number of Japanese companies including chip makers have begun moving out of China.
Beijing [China], August 17 (ANI): Chinese Premier Li Keqiang on Tuesday said that China had reached its most difficult stage of economic stabilization and called on leaders of key provinces to coordinate efforts on economic recovery.
Beijing [China], August 3 (ANI): China is unable to establish a meaningful economic lead over the US as the country continues to register receding growth and grim performance in the second quarter amid the ongoing housing crisis and the economic slowdown.
Beijing [China], August 2 (ANI): Chinese banks might lose over USD 300 billion as the country continues to grapple with an economic slowdown and a housing crisis increasing the lack of confidence in the financial system among citizens.
Beijing [China], July 27 (ANI): Chinese bank depositors, who are protesting against their inability in getting their frozen funds back, are now boycotting the mortgages payment which in turn is increasing the non-performing assets (NPA) of the banks giving a major blow to the country's econo