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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.
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 ...
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.
On 17 April 2020, following the Wuhan government's issuance of a report on accounting for COVID-19 deaths that occurred at home that went previously unreported, as well as the subtraction of deaths that were previously double-counted by different hospitals, the NHC revised their cumulative totals dating to 16 April, adding 325 cumulative cases and 1,290 deaths.
Jia Kang, formerly the director of a think tank affiliated with the Ministry of Finance, told The Paper, a state-owned newspaper, last week that the recent “amplification” of monetary policy ...
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 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 middle class is facing new uncertainty as a sluggish economic recovery after Covid-19 challenges President Xi Jinping's focus on national security.