China Economic ReviewChina’s factory activity declined for a third straight month in June and weakness in other sectors deepened, official surveys showed on Friday, adding pressure for authorities to do more to shore up growth as demand falters at home and abroad, reports Reuters. The world’s second-largest economy grew faster than expected in the first quarter largely […]
Trip.com Group said on Friday it would pay RMB 50,000 ($6,897.69) to employees for each child they have starting July 1—the first such initiative by a large private company in China as the country struggles with an ageing population, reports Reuters. The company, one of the world’s largest online travel agencies, with 400 million users, […]
China rolled out a number of measures to open up its free-trade zones as state leaders go on a charm offensive to woo foreign investors, reports Bloomberg. The government will trial a slew of international trade rules in qualified free-trade zones or ports, according to a document released Thursday by the State Council, China’s cabinet. […]
The events in Russia over the past week have been watched most closely in China, and with just as much puzzlement as anywhere else in the world. Russia is just another world, and Western logic, and perhaps Chinese logic, just doesn’t seem to work in terms of trying to figure out what is happening. But […]
S&P Global cut its forecast for China’s economic growth this year, underscoring the uneven nature of the country’s recovery from the pandemic which is spurring calls for further stimulus, reports Reuters. S&P now expects China to log GDP growth of 5.2% in 2023, down from an earlier estimate of 5.5%. It was the first time […]