TMTPOST – Guangzhou, the capital of China’s southern province Guangdong, saw its gross domestic product (GDP) growth slow to 2% in the first three quarters of 2024, according to data released by Guangzhou Statistics Bureau on Saturday. Of all cities in China, Guangzhou recorded the lowest g...
The growth of China’s capital stock is estimated to slow from 8.8% in 2020 to 4.3% in 2035. An aging society will cause labor supply to shrink. Referencing the UN’s demographic forecast, China’s labor growth will...
China's exports in H2 may slow down compared with H1. To boost the economic drivers, the Chinese Government needs to further shore up consumption and investment in infrastructure in H2, Wen said. BR (Print Edition Title: Uncertainty to Upturn) Copyedited by Elsbeth van Paridon Comments tolix...
The International Monetary Fund and private sector forecasters expect economic growth of about 8% this year but say it should slow markedly in 2022. The Associated Press contributed to this report. U.S. Stock Market Quotes Advertisement Arrives Weekly Get Our Newsletter Get a brief on the to...
“A further cooling down in economic growth will appear in the first two quarters and then growth will rise back to about 7 percent in the second half of the year along with government’s stimulus measures,” said Zhang Zhiwei, chief China economist and head of Chin...
On Wednesday, a report on the Oxford Economics also said that the new US administration's tariffs will likely exacerbate the "slowbalisation" globally. In contrast to uncertainty from the US, China's positive role for the global economy has been highlighted by major international economic ...
Mary Kay Magistad, Bob Edwards
It takes a lot to slow the Chinese economy, but the impact of the credit squeeze has started to be felt, particularly among smaller enterprises in the private sector, and among companies in tier three and four cities. And, since the Chinese economy is increasingly dependent on consumption and...
BEIJING- In a step to shore up slowing economic growth, China freed up more money for lending Monday by cutting the amount its banks are required to hold in reserve.The move follows declarations by Chinese leaders that they have room to boost growth despite concern in global financial markets...
China’s economic growth is expected to slow next year to its lowest annual rate in a decade. But according toReutersmost economists see no reason to worry as the China’s economy may be more difficult to slow than anticipated. Consensus forecast predicts China’s 2012 GDP growth will slow ...