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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 ...
Official statistics released this month showed that the world’s second-largest economy—which analysts had projected would bounce back after its strict COVID-19 prevention measures were lifted ...
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 ...
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]
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [29] China is the world's second largest economy by nominal GDP and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
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.
China’s economy expanded by 6.3% in the second quarter from a year ago because of a low base, the National Bureau of Statistics said on Monday, with momentum slowing following a strong reopening ...
China’s leadership, which gathered this month to discuss economic targets and policies for next year, has indicated that it will ramp up fiscal and monetary support for the economy.