China's economy grew by 2.9 per cent in the final quarter of 2022, down from 3.9 per cent in the third quarter. The GDP was 121 trillion yuan (USD18 trillion) from 114.37 trillion yuan in 2021.
Moreover, the decline in population lays bare the country's falling birthrate, a trend that experts said was exacerbated by the pandemic and will threaten its growth over the long term. The 3 per cent growth rate, the second weakest since 1976, reflects the stifling effect of the government'
Microsoft Corporation will lay off approximately 10,000 employees by the end of the third fiscal quarter of 2023 in response to macroeconomic conditions and changing customer priorities
Microsoft is under pressure to maintain growth rates at its cloud unit Azure, after several quarters of the downturn in the personal computer market hurt Windows and devices sales.
In China, growth is projected at 4.3 per cent in 2023--0.9 percentage points below previous forecasts. The second-largest economy in the world is now falling back in the race.
New Delhi [India], December 29 (ANI/PRNewswire): With an estimated revenue of 50,000 crore rupees and an average growth rate of 25 per cent, India will soon become the world's top wedding destination. According to the Confederation of All India Traders (CAIT) estimate, over 32 lakh weddings
China's containment measures had slowed the economy to its lowest growth rate in nearly half a century, jamming global supply chains and trade. As Chinese workers increasingly fall ill, more disruption is expected in the short term before the economy bounces back later next year, according t
Although the South Korean economy continued to grow for nine consecutive quarters since March 2020 (2.3 per cent), the growth rate has decreased to a half of the second quarter (0.7 per cent). In particular, trade balance has significantly decreased. Exports increased 1.1 per cent due to dec
She said, "In 2021-22, the economic growth rate of Madhya Pradesh was 19.74 percent, which is the highest in the country. Madhya Pradesh's efforts towards fulfilling the target set by the Prime Minister Narendra Modi to make the country's economy 5 trillion dollars by 2025 are commendable."
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.
New Delhi [India], November 10 (ANI/SRV): The Instagram page broke the record with 1 million followers in a short period of time and is still growing. The Indian entertainment industry is growing at an unprecedented pace, with a growth rate of about 12 percent in India. Indeed, coping with t