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china economy

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People dine inside a restaurant at a newly opened shopping mall in Beijing, China. (REUTERS)

China's hotels, restaurants see jump in output as economic recovery gathers pace

Bloomberg |
PUBLISHED ON APR 18, 2021 01:36 PM IST
  • China’s economy advanced at a record pace of 18.3% in the first quarter as consumer spending strengthened, suggesting a more balanced recovery after an investment and export-fueled rebound from last year’s coronavirus lockdowns.
A homeless man pushes his belongings at a homeless encampment at Echo Park Lake in Los Angeles, California. (AFP)
A homeless man pushes his belongings at a homeless encampment at Echo Park Lake in Los Angeles, California. (AFP)

Covid-19's deep scars on world economy will be visible even after recovery

Bloomberg |
PUBLISHED ON APR 18, 2021 10:05 AM IST
Not all countries will be affected equally. The International Monetary Fund sees advanced economies less affected by the virus this year and beyond, with low-income countries and emerging markets suffering more — a contrast to 2009, when rich nations were hit harder.
Sparks fly up as a worker produces engineering equipment for export at a factory in Nantong in China's eastern Jiangsu province. (AFP)
Sparks fly up as a worker produces engineering equipment for export at a factory in Nantong in China's eastern Jiangsu province. (AFP)

IMF raises China's 2021 growth forecast to 8.4%, marking 10-year high

AFP |
PUBLISHED ON APR 06, 2021 06:25 PM IST
  • Chinese economy has enjoyed strong rebound since lockdowns were lifted in the country.
Lou Jiwei, chairman of the National Council for Social Security Fund (NCSSF), speaks at the China Development Forum in Beijing, China in this file photo from 2018. (REUTERS)
Lou Jiwei, chairman of the National Council for Social Security Fund (NCSSF), speaks at the China Development Forum in Beijing, China in this file photo from 2018. (REUTERS)

China's ex-finance minister says nation's fiscal situation 'extremely severe'

ANI | , Beijing
UPDATED ON MAR 02, 2021 09:15 PM IST
Lou offered his sharp critique in December but the assessment has only been made public more recently, with just days to go before China's political elites meet for their annual legislative session.
Chinese President Xi Jinping delivers a New Year's address in Beijing.(AP)
Chinese President Xi Jinping delivers a New Year's address in Beijing.(AP)

China is an economic winner, not an economic leader

Bloomberg |
PUBLISHED ON JAN 18, 2021 10:46 AM IST
Even as Beijing posts impressive GDP figures, it’s a long way from setting the direction for global policy.
People look at semiconductors on display from the Tsinghua Unigroup at the China Beijing International High Tech Expo in Beijing. A major government-backed player in China’s technology race, the company defaulted on its loans.(AP File Photo)
People look at semiconductors on display from the Tsinghua Unigroup at the China Beijing International High Tech Expo in Beijing. A major government-backed player in China’s technology race, the company defaulted on its loans.(AP File Photo)

Chinese debt defaults send investors into a tizzy

Hindustan Times, New Delhi | By Shishir Gupta
UPDATED ON DEC 14, 2020 12:10 PM IST
The defaults have angered global investors, who say their faith in the firms’ top-notch ratings, seemingly sound finances and implicit state backing has been violated.
A worker performs welding works on a bridge in Beijing.(AP Photo)
A worker performs welding works on a bridge in Beijing.(AP Photo)

China’s growing dollar bond defaults reveal depth of stress

By Bloomberg | Posted by Kanishka Sarkar
UPDATED ON JUN 24, 2020 07:08 AM IST
The divergence between the yuan and dollar bond pace of defaults shows how hard it is for Chinese firms to borrow cheaply or get away with debt compromises in a global market.
Workers labor at the construction site of an elevated highway on the outskirts of Shanghai, China on Friday.(Bloomberg Photo)
Workers labor at the construction site of an elevated highway on the outskirts of Shanghai, China on Friday.(Bloomberg Photo)

China’s slow recovery points to hard road back for global economy

By Bloomberg | Posted by Kanishka Sarkar
UPDATED ON JUN 15, 2020 12:55 PM IST
The worry for the global economy is that if China’s apparent success in containing the coronavirus can’t stoke confidence and a quick return to normal activity, then where can.
Chinese President Xi Jinping and Chinese Premier Li Keqiang leave at the end of the opening session of the National People's Congress (NPC) at the Great Hall of the People in Beijing on March 5.(REUTERS)
Chinese President Xi Jinping and Chinese Premier Li Keqiang leave at the end of the opening session of the National People's Congress (NPC) at the Great Hall of the People in Beijing on March 5.(REUTERS)

China economy to grow by 6-6.5 % in 2019, defence outlay increases by 7.5 %

Beijing, Hindustan Times | By Sutirtho Patranobis
UPDATED ON MAR 06, 2019 10:05 AM IST
China also aims to increase its defence spending by 7.5 percent for this year, compared with a planned 8.1 percent rise in 2018.
A man uses a forklift to unload a pallet of imported fruit from a truck at a wholesale market in Shanghai. China released its gross domestic product figures on July 16.(Bloomberg)
A man uses a forklift to unload a pallet of imported fruit from a truck at a wholesale market in Shanghai. China released its gross domestic product figures on July 16.(Bloomberg)

China’s economy slows as trade war with US intensifies

Bloomberg News | By HT Correspondent
UPDATED ON JUL 16, 2018 10:48 AM IST
China’s Gross domestic product increased 6.7 percent in the second quarter from a year earlier. That was the slowest pace since 2016.
Pedestrians and a child wearing a child harness walks along a pedestrian shopping area in Shanghai, China.(Bloomberg)
Pedestrians and a child wearing a child harness walks along a pedestrian shopping area in Shanghai, China.(Bloomberg)

China considering ending birth limits as soon as 2018 to help economy: Report

Bloomberg News | By HT Correspondent
UPDATED ON MAY 22, 2018 01:09 PM IST
Population-control policy will allow people to decide how many children to have and it would close the book on one of the largest social experiments in human history.
This picture taken on April 19, 2018 shows a worker transferring rolls of aluminum at a factory in Zouping in China's eastern Shandong province. / AFP PHOTO / - / China OUT(AFP Photo)
This picture taken on April 19, 2018 shows a worker transferring rolls of aluminum at a factory in Zouping in China's eastern Shandong province. / AFP PHOTO / - / China OUT(AFP Photo)

China’s economy shows little sign of slowdown amid strong PMI data

Bloomberg | By Xiaoqing Pi and Winnie Zhu
PUBLISHED ON APR 30, 2018 03:42 PM IST
The official manufacturing purchasing managers index stood at 51.4 in April, versus the 51.3 estimate in a Bloomberg survey and 51.5 in March.
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