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China’s exports posted the first full-year decline since 2016 as global demand faltered and prices fell, hurting a major pillar of growth for the world’s second-biggest economy, reports Caixin. The country sold $3.38 trillion worth of goods to the rest of the world last year, a 4.6% drop from the record a year earlier. Shipments […]

Nearly two-thirds of Chinese consumers have come to value their private lives more than success at work to a greater degree than before the pandemic, according to poll results released Thursday, reports Nikkei Asia. The survey by the Hakuhodo Institute of Life and Living Shanghai—an arm of Japanese ad agency Hakuhodo DY Holdings—and the Advertising […]

Loan growth in China increased at the slowest pace on record in December, as weak business confidence continues to dampen borrowing demand, reports Caixin.  Loans in China’s currency expanded 10.4% in the month, according to the central bank, the slowest increase in records going back to 2003. Credit demand from households and businesses was persistently weak […]

Chinese etching tools giant Advanced Micro-Fabrication Equipment (AMEC) expects revenue last year to grow more than 30% from 2022, as core technology breakthroughs enabled the firm to deploy more chip-making gear to domestic semiconductor fabrication plants, reports the South China Morning Post. Shanghai-based AMEC said in a regulatory filing on Sunday that its 2023 revenue is […]

China’s 2023 two-way trade with Russia hit $240 billion, setting yet another new record, Chinese customs data showed on Friday, as the two countries pushed for closer economic ties even as the war in Ukraine continues on, reports Reuters. China, one of the world’s top oil consumers, has emerged as a major economic lifeline for energy […]