China Economic ReviewChina’s population fell again last year, having experienced its first decline in six decades in 2022, as the birth rate hit a new low and the number of deaths climbed, reports the South China Morning Post. The overall population in mainland China fell by 2.08 million last year to 1.4097 billion, down from 1.4118 billion […]
China’s economy grew an “estimated” 5.2% last year, beating the official target, the country’s number two leader Premier Li Qiang said in Davos as he sought to allay concerns over its recovery from the Covid-19 pandemic, reports the Financial Times. In a speech at the World Economic Forum, Li also urged the world to address what […]
China’s National Bureau of Statistics released the unemployment rate for those aged between 16 and 24 years old on Wednesday, after suspending it in July to improve its methodology, reports Bloomberg. The jobless rate among youths was 14.9% in December when excluding current students, according to the statistics authority. Previously, the jobless rate for the […]
China’s December new home prices fell at the fastest pace since February 2015, marking the sixth straight month of declines, official data showed on Wednesday, with the sector still struggling to get back on its feet due to weak confidence, reports Reuters. New home prices fell 0.4% month-on-month after dipping 0.3% in November, according to […]
Chinese property developer Country Garden Holdings vowed to deliver over 480,000 units of homes in 2024, a smaller target than 2023 after it failed to achieved its 700,000-unit-delivery goal last year, reports Caixin. The focus of 2024 is still to “guarantee delivery, guarantee operation and guarantee credit,” of which delivery is the bottom line that […]