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Following a lackluster recovery last year from the Covid-19 pandemic, the world’s second-largest economy continues to face challenges due to a decline in the real estate market and weak consumer ...
The Chinese economy is still growing, to the tune of 5.2% last year, according to official data. That compares with average annual growth of about 7% last decade, and more than 10% in the 2000s ...
China's economy continues to disappoint as it tries to recover from debilitating COVID-19 lockdowns, and the C-suite is taking notice. The world's second-largest economy saw factory activity fall ...
The COVID-19 pandemic in mainland China is part of the worldwide pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). China was where the first COVID outbreak occurred, the first where authorities imposed drastic measures in response (including lockdowns and face mask mandates ...
Property sector crisis. In August 2020, the Chinese government enacted new regulations on the amount of debt property developers can incur. The new regulations affected Evergrande Group, China's second-largest property developer, and the Chinese real estate market as a whole. [5] In addition, the Chinese shadow banks, such as Sichuan Trust ...
The COVID-19 pandemic in China is part of the worldwide pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). China was the first country to experience an outbreak of the disease, the first to impose drastic measures in response (including lockdowns and face mask mandates), and ...
China’s anti-graft campaign has led to massive fallouts across its economy, from the get-go: an estimate by Bank of America Merrill Lynch in 2014 put its cost at $100 billion; and just last year ...
People in Wuhan rush to buy vegetables. On 23 January 2020, the central government of China imposed a lockdown in Wuhan and other cities in Hubei in an effort to quarantine the center of an outbreak of COVID-19; this action was commonly referred to as the Wuhan lockdown (Chinese: 武汉封城; pinyin: Wǔhàn fēng chéng).