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China’s economy has been in doldrums since April, when momentum from a strong start to the year faded. But concerns have intensified this month following defaults by Country Garden, once the ...
A series of protests against COVID-19 lockdowns began in mainland China in November 2022. [6] [4] [7] [8] [9] Colloquially referred to as the White Paper Protests (Chinese: 白纸抗议; pinyin: Bái zhǐ kàngyì) or the A4 Revolution (Chinese: 白纸革命; pinyin: Bái zhǐ gémìng), [10] [11] the demonstrations started in response to measures taken by the Chinese government to prevent the ...
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 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 ...
The Great Reset Initiative is an economic recovery plan drawn up by the World Economic Forum (WEF) in response to the COVID-19 pandemic. [1] The project was launched in June 2020, and a video featuring the then-Prince of Wales Charles was released to mark its launch. [2] The initiative's stated aim is to facilitate rebuilding from the global ...
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 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 ...
China's COVID-19 restrictions led to a 0.4 percent GDP growth in the second quarter, the weakest since the coronavirus outbreak in 2020.