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List of top municipalities and prefecture-level divisions by GDP [1] Nominal GDP is based on the official annual average exchange rate at CN¥ 6.7366 per US dollar in 2022; [2] CN¥3.988 per Int'l. dollar (according to World Economic Outlook published by IMF in October 2022 publication) [3] rank cities provinces GDP (billion CNY) GDP (billion US$)
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.
Hong Kong has the second highest GDP per capita in China (US$53,606). Karamay in Xinjiang has the third highest GDP per capita in China (US$26,223). According to the administrative divisions of China, there are three level of cities: municipalities, prefecture-level cities, and county-level cities.
Logan Wright, director of China markets research at Rhodium Group, agreed, saying: “The slowdown in China’s economy is structural, caused by the end of an unprecedented expansion in credit and ...
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.
The first one relates to the view that China is no longer gaining ground on the U.S. economy. While China's GDP did drop from 76% of U.S. GDP in 2021 to 67% in 2023, Lardy attributed that to ...
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 ...
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.