Maintaining stable employment and prices is a key indicator of smooth economic operation. In 2024, the national Consumer Price Index rose by 0.2 percent year-on-year. The urban surveyed unemployment rate dropped to 5.1 percent, down by 0.1 percentage points from 2023, said the NBS. DRIVING ENGI...
The year 2023 is proving to be another challenging year for the global economy. Amid the global inflation crisis and the impact of the Ukraine crisis, overall growth across the board is low. Some major economies, such as the eurozone, are officially in a state of recession. Others, like th...
economic recoveryyouth unemploymentreal estate crisisUS-China conflictIn 2023, in an effort to revive the sluggish economy after the COVID-19 pandemic, the Chinese government implemented a variety of stimulus measures, such as interest rate cuts, tax cuts for small and medium-sized enterprises, ...
The year 2023 is proving to be another challenging year for the global economy. Amid the global inflation crisis and the impact of the Ukraine crisis, overall growth across the board is low. Some major economies, such as the eurozone, are officially in a state of recession. Others, like th...
The global financial crisis in 2008 transformed China into the engine of the global economy, said Rashid, adding that the country is expected to become the engine of the world economy once again. "China can play a significant role in stimulating" global growth in 2023, said the economist. ...
The current crisis in part of the real estate sector is similar to what happened in the financial sector of the US in 2023 when several banks (among them, Silicon Valley Bank, Silvergate Bank, First Republic Bank and Signature Bank) went bankrupt causing fears of an economic meltdown. ...
The government’s own feelings towards the economy are hard to read. During the global financial crisis, after world trade fell off a cliff, China’s authorities swooped in with vast stimulus, which propelled economic growth and spilled over to the rest of the world. Today they seem in no ...
In the first year of the post-pandemic era, 2023, both the U.S. and China faced economic difficulties and challenges. The U.S. is facing the most serious banking crisis since 2008. Federal regulators are using measures to restore the confidence of depositors and investors. The Fed is at ...
7. Sri Lanka expressed appreciation to China's valuable support during the COVID-19 pandemic as well as during the economic crisis in 2022. 8. China has provided a financing support document to Sri Lanka in a timely manner and helped Sri Lanka obtain loans from the International Monetary Fund...
The global financial crisis in 2008 transformed China into the engine of the global economy, said Rashid, adding that the country is expected to become the engine of the world economy once again. "China can play a significant role in stimulating" global growth in 2023, said the economist. ...