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Two high-profile mass killings and a car crash at a primary school in just over a week are raising questions about how well-equipped China is to deal with the stresses of a slowing economy and ...
Jia Kang, formerly the director of a think tank affiliated with the Ministry of Finance, told The Paper, a state-owned newspaper, last week that the recent “amplification” of monetary policy ...
China on Friday approved a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt, in the latest push to rev up growth in the world’s second largest economy.
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.
The reforms led to significant economic growth for China within the successive decades; this phenomenon has since been seen as an "economic miracle". [1] [2] [8] [9] In 2010, China overtook Japan as the world's second-largest economy by nominal GDP, [10] [11] before overtaking the United States in 2016 as the world's largest economy by GDP (PPP ...
China's factory output rose for the first time this year as the world's second-largest economy slowly emerged from its coronavirus lockdown, although consumption remained depressed amid increased ...
The same day, official figures showed real estate output in China was down 1.6% in the third quarter year on year, the first time it has been negative since the start of the pandemic. [ 44 ] On 20 October 2021, the National Bureau of Statistics of China published data indicating that home prices had fallen month-on-month for the first time ...
For decades since China re-opened to the world in 1978, it was one of the fastest growing major economies on Earth. Between 1991 and 2011, it grew by 10.5% annually.