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The World Bank, in a report last Thursday, said the pace of China's poverty reduction slowed in 2024 and is expected to decelerate further in 2025 and 2026, due largely to slower economic growth ...
BEIJING (Reuters) - More than three million people took China's annual civil service exam on the weekend, state media reported on Monday, a record number that underscores young people's concerns ...
12 January – 2024 Pingdingshan mining explosion: Ten people are killed and six others are missing after an explosion at a coal mine in Pingdingshan, Henan. [1]20 January – Yingcai Boarding School fire: Thirteen third grade children are killed and another is injured in a boarding school dormitory fire in Dushu, Henan Province.
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. [6] [7]
One of the hallmarks of China's socialist economy was its promise of employment to all able and willing to work and job-security with virtually lifelong tenure. Reformers targeted the labor market as unproductive because industries were frequently overstaffed to fulfill socialist goals and job-security reduced workers' incentive to work.
Sentiment in China's stock markets — which entered 2024 in meltdown mode — has been massively bolstered by Beijing's September 24 announcement of aggressive stimulus to support its flagging ...
China's labor market was highly regulated and dominated by state-owned enterprises, with an average unemployment rate of 3.7 per cent between 1988 and 1995, but this rose sharply after numerous lay-offs between 1995 and 2002, reaching an average unemployment rate of 9.5 per cent between 2002 and 2009. [32]
Stock markets abroad mostly fell after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China once he takes office. Stock market today: Wall Street hits ...