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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.
China’s economic recovery continued to lose steam in the second quarter of 2023, prompting urgent calls for more stimulus from Beijing. The world’s second largest economy expanded by 6.3% in ...
In the 18 months after containing the initial outbreak, China had two COVID-19 deaths. [19] In March and April 2020, as lockdowns and other restrictions were eased, attention shifted to preventing imported cases from abroad from causing a resurgence of the virus within China. [15]
On 28 December 2019, Lili Ren, a virologist at the Chinese Academy of Medical Sciences & Peking Union Medical College in Beijing uploaded a partial sequence of the COVID-19 virus's structure to the United States National Institutes of Health's GenBank. The NIH did not publish the submission, as it did not include technical information required ...
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. After four miserable years, a ...
The Chinese economy was expected to recover quickly in 2023 and resume its role as the undisputed engine of global growth. Instead, it stalled to the point where it’s being called a “drag ...
The Next Generation EU (NGEU) is a €750 billion economic recovery plan launched by the European Union in July 2020 in response to the economic challenges posed by the COVID-19 pandemic. [73] It aimed to mitigate the pandemic's immediate economic impacts and lay the groundwork for long-term recovery through investments in green energy, digital ...
China’s top leaders have pledged to loosen monetary policy and provide more support for the slowing economy, while Premier Li Qiang swiped at threats of higher tariffs on Chinese exports, saying ...