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The disruptions to jobs and businesses during the COVID-19 pandemic have further weighed on the world's second-largest economy. “China’s economy appears to have slowed last month, despite ...
The economic turbulence of 2022 is expected to persist into 2023 with a range of factors, from the Federal Reserve to China’s Covid policies. Inflation struggles, Covid's toll on China: What to ...
China's middle class is facing new uncertainty as a sluggish economic recovery after Covid-19 challenges President Xi Jinping's focus on national security.
After China's property market bubble burst a few years ago, consumers became reluctant to spend and signs of deflation began creeping in. But due in part to its disdain for "welfarism," China has ...
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, have been greatly effected by the property sector crisis due to over lending and a crackdown on regulations. [6] [7]
China's leadership is relying on an export surge to revive slumping growth, but those policies won't extract the world's second largest economy from the malaise that it's in, a top China watcher said.
The government of China, which upholds a policy of state atheism, used the COVID-19 coronavirus pandemic to continue its antireligious campaigns, demolishing Xiangbaishu Church in Yixing and removing a Christian Cross from the steeple of a church in Guiyang County.
On 3 April, China reported 13,146 new cases of COVID-19 in the past 24 hours, which was the highest single-day total of new cases since the height of the pandemic in Wuhan in February 2020. [ 14 ] On 4 April, officials in Suzhou announced a new mutation of the Omicron variant was detected in Changshu .