The index, which mainly covers larger businesses and state-owned companies, was at its lowest level since December, CNN Business reported. Beijing scrapped most of its pandemic restrictions early that month, effectively ending its three-year-long zero-Covid policy.
Chinese economy bounced back after the government lifted its zero-COVID-19 restrictions in December. However, the recovery of the Chinese economy has lost steam.
Though China's economic recovery has begun to gain momentum, with growth rebounding to 4.5 per cent in the first quarter after pandemic restrictions were scrapped early this year, youth unemployment has remained a persistent area of pain.
The High Commissioner stressed the vital role economic integration between the two countries could play in Sri Lanka's economic recovery. The Principal Secretary to the Prime Minister recalled India's close civilizational links with its southern neighbour.
The meeting which took place on Thursday was on key areas which were discussed in February that included mechanisms relating to the expansion of bilateral trade, the ways to establish and promote rupee trade between Sri Lanka and India as a means of economic recovery in Sri Lanka, and the po
The meeting discussed the latest developments in the international monetary and financial system, and ways to achieve stability and global economic recovery.
Zambia is under a heavy debt burden, and the post-Covid economic recovery is slow. In such a situation, it is difficult to upgrade the dilapidated road connecting its mining sites to export destinations in the lack of funds to build infrastructure, Africa Daily Digital reported.
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.
After the end of China's zero-COVID policy in December 2022, there were hopes for economic recovery in China. Households' deteriorating confidence coupled with the unresolved difficulties in the housing sector, however, weighed on the country's growth rebound.
Mechanisms relating to the expansion of bilateral trade, the ways to establish and promote rupee trade between Sri Lanka and India as a means of economic recovery in Sri Lanka, and the possibility of further bilateral integration in the textiles and garment sector were among the key issues d
Many experts and observers are holding Chinese President Xi Jinping's mismanagement of the Covid crisis, especially his Zero Covid policy, for the current economic situation in China. High domestic inflation, power crisis, and geopolitical tensions are some roadblocks created by Xi's governm
Mumbai (Maharashtra) [India], January 24 (ANI/BusinessWire India): The Union Budget 2023 is a highly anticipated event in India's economic calendar and this year's exercise assumes significance because it is the final full-year budget before the Lok Sabha elections in 2024. Budget 2023 is ex