China's economic growth sank in the latest quarter a a slowdown in construction and curbs on energy use weighed on its recovery from the coronavirus pandemic. The world's second-largest economy grew by 4.9% over a year ago in the three months ending in September, down from the previous quarter's 7.9%, government data showed Monday. Factory production, retail sales and investment in construction and other fixed assets all weakened. Construction, an industry that supports millions of jobs, has slowed since regulators tightened control last year over borrowing by developers. One of the biggest, Evergrande Group, is struggling to avoid defaulting on billions of dollars owed to bondholders. That has fuelled fears about the health of other developers, though economists say the threat to global financial markets is small. Manufacturing also was hampered in September by power cuts imposed by some major provinces to avoid exceeding official efficiency goals. Private sector forecasters hav
A Chinese developer of luxury apartments missed $315 million in payments to lenders
President Xi Jinping launched the Belt and Road Initiative (BRI) in 2013
The State Council, the equivalent of a government cabinet, released comprehensive guidelines on Monday on women's development from 2021 to 2030
Many financial institutions have exposure to Evergrande through direct loans and indirect holdings, while any defaults will also trigger sell-offs in the high-yield credit market
The central bank will close loopholes in its financial technology regulation
Amidst the turmoil in markets, foreign investors have added to their holdings of stocks in Shanghai and Shenzhen every month since November via trading links
Beijing's decision to crack down on its tech start-ups has opened a window of opportunity for domestic start-ups, but it could close soon too
Among their targets are celebrities, scientists, feminists and public figures, who can suffer censorship, blacklisting or loss of income
The phrase has appeared 65 times in the Chinese leader's speeches and meetings so far this year, referring to wealth inequality in the country.
Some say the education sector has been scapegoated
Authorities are eager to prevent high factory-gate prices being passed on to consumers
Education-related stocks are either trading sideways or waiting for an upward breakout, with major supports being held firmly, technical charts suggest
On Saturday, China released new regulations that ban companies that teach school curriculums from making profits, raising capital or going public
Deputy PM Aso urged dialogue to resolve any issue
The WHO this month proposed a second phase of studies into the origins of the coronavirus in China
Momentum slowed as more expensive raw materials weighed on factories
'We urge the United States to immediately stop such provocative actions,' the Southern Theatre Command said in a statement.
The penalties over China's treatment of Uyghurs and other Muslim minorities prohibit Americans from selling equipment or other goods to the firms
This is new move to tighten control over their fast-developing industries.