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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. [6] [7]
But talking up the economy can obscure hard realities, said a recent report by the think tank Rhodium Group, which estimated China’s actual economic growth last year at 2.4% to 2.8%, well below ...
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 ...
CCTV News channel broadcasts live news reports every hour throughout the day, as well as current affairs programmes in the evening. Bulletins cover domestic and international events. The channel broadcasts exclusively in Mandarin Chinese. Viewers from across the Greater China region and that of the Chinese diaspora can watch the channel via ...
China Today is a news program that focuses on news issues and current affairs around China. China Today 30 minute's episodes are broadcast on CCTV-9 at 22:00 China Standard Time ( UTC +8), or 14:00 UTC every day, and rebroadcasts twice at 01:00 and 07:00 UTC+8 the next morning, or 17:00 and 23:00 UTC.
Despite talk of U.S.-China economic decoupling, which both countries oppose, data show a fundamentally solid trade relationship, with two-way trade hitting $690 billion last year.
These leveraged investments included Ocean Flower Island, a 100 billion RMB (US$15.5 billion) project to build an artificial island on the north shore of Hainan near Yangpu in the South China Sea, [10] plans to spend over 45 billion RMB (US$7 billion) between 2019 and 2021 in electric vehicle development, [11] and ownership of Guangzhou F.C ...
The economic history of China describes the changes and developments in China's economy from the founding of the People's Republic of China (PRC) in 1949 to the present day. The speed of China's transformation in this period from one of the poorest countries to one of the world's largest economies is unmatched in history.