Full or partial lockdowns were imposed in major centres across the country in March and April, including the most populous city Shanghai, hitting production and consumption
China kept infection numbers low until early this year with a strategy that shut down cities, but entailed soaring costs
The research comes as WHO chief Tedros Adhanom Ghebreyesus called on China to rethink its strategy.
Amid the COVID-19 induced slowdown, the Chinese economy faces twin challenges of the shrinking job market and an aging population, according to a report
China has decided to provide a loan of 300 million yuan to Sri Lanka amidst the unprecedented economic crisis in the island nation.The total amount of emergency grants provided by China has increased to 500 million Chinese Yuan, which is USD 76 million.The Chinese Embassy in Sri Lanka, in a tweet, said that to "support Sri Lankan people at this trying times, China has decided to provide another 300 million RMB of aid to Sri Lanka for the urgently needed drugs, food and fuels etc., which increases the total emergency grant from China to 500 million RMB (approximately 76 million USD)."Currently, Sri Lanka is grappling with food and electricity shortages, affecting many people. Such an economic crisis has forced Sri Lanka to seek help from its neighboring countries to provide them with basic amenities.While Sri Lanka faces its worst economic crisis since independence, many believe that China's "debt-trap diplomacy" is behind the crisis.China has always kept its interests at the forefront
Fresh Covid outbreaks are spooking global investors who fear shutdowns in China will echo across the world by lowering demand and disrupting supply chains
With the Shanghai lockdown grinding into its fourth week, and similar measures imposed in dozens of smaller cities, the world's largest boom market for electric cars has gone bust
World stocks advanced Friday after Chinese leaders pledged to do more to support the slowing economy as the country weathers its worst outbreaks of COVID-19 since the pandemic began. Germany's DAX gained 1% to 14,120.47 while the CAC 40 in Paris added 0.9% to 6,567.01. Britain's FTSE 100 climbed 0.5% to 7,547.01. The future for the S&P 500 was 0.3% lower while the Dow was almost unchanged. Chinese state media reported that the ruling Communist Party's powerful Politburo agreed at a meeting Friday to step up efforts to boost growth while also curbing coronavirus outbreaks. The party's COVID-zero policies have put pressure on President Xi Jinping and other leaders to counter the blow to the economy from shutdowns aimed at vanquishing the virus. Such restrictions are affecting the world's second-largest economy through disruptions in shipments, manufacturing and other business activity. It is very important to do a good job of economic work and to ensure and improve people's ...
The services industry was already suffering in March, with consumer spending contracting by the most since mid-2020.
China will step up infrastructure construction to boost domestic demand and drive economic growth going forward, state TV reported on Tuesday
China's Premier Li Keqiang issued a third warning about economic growth risks in less than a week, raising concern over businesses as widespread COVID-19 lockdowns disrupt production and spending
Spot gold was up 0.8% at $1,989.65 per ounce, as of 0723 GMT, hitting its highest since March 11. U.S. gold futures were up 0.9% at $1,993.40
The national economic recovery was sustained and the operation of the economy was generally stable, said a government statement
With a property market slump and regulatory crackdowns last year the policymakers set the lowest annual GDP target for China in decades for 2022, reported Dawn
China's economic hub Shanghai reported 3,238 confirmed locally transmitted COVID-19 cases in the last 24 hours, the municipal health commission said on Sunday.
The People's Bank of China lowered the reserve requirement ratio for most banks by 25 basis points and for smaller banks by 50 basis points, according to a statement published Friday
The comparative numbers spell bad news for the world rather than any good news for India, whose growth forecasts are getting tempered even as the inflation picture is getting worse, writes T N Ninan
China's exports, the last major growth driver, are also showing signs of fatigue, and some economists say the risks of a recession are rising
China's efforts to stop the virus with a strict 'zero-COVID' policy are triggering economic disruptions that are rippling through global supply chains for goods from electric vehicles to iPhones
Activity in China's services sector contracted at the steepest pace in two years in March as the local surge in coronavirus cases restricted mobility and weighed on client demand