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
According to the most recent data from China's National Bureau of Statistics, the urban youth unemployment rate reached 20 per cent in April 2023 for the first time since statistics became available in January 2018, according to Greek City Times.
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.
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
According to a recent survey, unmarried young people over 30 are widespread in China. Many young men and women in cities choose to be single, while many young men in rural areas are eliminated from the marriage market, reported Sina Weibo, a Chinese microblogging website.
Data about China's growth and the image the country is trying to portray on the international forums are contrary. On one hand, the data on employment and GDP point towards a crisis. But Chinese authorities are still trying to put up a positive image on international forums, The Singapore Po
China was aware of the demographics crossroads and their policymakers have already warned the government about the same. They have even asked them to prepare for this. Chinese state media have also urged young couples to seize the opportunity to have two or three children but still couldn't
According to China's National Bureau of Statistics (NBS), the population fell from the previous year by some 850,000 people as it recorded to 1.411 billion in the year 2022.
China National Statistics Bureau data says the business volume of industries such as retail, aviation, transportation, hospitality and catering dropped in October.