China Economic Slowdown
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Xi Jinping Makes 1st Known Visit To Central Bank After Becoming President: Report
Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds.
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World Bank Downgrades East Asia's Growth Forecast Due To Slowdown In China: Report
The World Bank cited tumbling retail sales tumbling, stagnant house prices and increased household debt for China's economic mess.
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China's Economic Slowdown Could Have Ripple Effect Across World: Report
According to China's National Bureau of Statistics (NBS), the annual GDP growth of the country fell to 3 per cent, much below the 5.5 per cent official target in 2022 and its economic slowdown has the potential to generate ripple effects.
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Economic Slowdown In These 3 Countries Will Impact The World In 2023: IMF
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the International Monetary Fund said on Sunday.
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Apple Said to Hover Above Competition Even as Smartphone Market Stumbles
Apple is said to perform better than its competitors despite the global smartphone market's tumbling. The iPhone 13 continues to sell well, and Apple is expecting its upcoming iPhone 14 to do even better at launch. Two iPhone supply chain sources with direct knowledge of the matter told that iPhone sales have continued to do well in July despite si...
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Global Smartphone, PC Shipments Expected to Decline in 2022 Amid Inflation, China Slowdown: Gartner
Global smartphone and PC shipments are expected to decline in 2022, according to a report by research firm Gartner. Phone shipments to China, which is the world’s largest smartphone market, are expected to fall by 18 percent due to Covid-19 curbs that halted production in economic areas. Gartner expects a drop of 7 percent in global smartphone sh...
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"Don't Want RBI To Become Extension Of Government": Ex CEA Arvind Subramanian
Mr Subramanian, while reacting to RBIs outlook on inflation, expressed disappointment that though prices have been rising for almost three years, it was late in taking measures to check them, which showed "a certain loss of institutional independence"
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Global Economic Slowdown Intensifies As China Services Activity Contracts Again
In yet another sign of a global economic slowdown, China's services activity contracted for the third month in a row in May.
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Asian Currencies' Bearish Trends Retreat On China Recovery Signs
Bearish bets on Asian currencies reduced on signs that China's economic pain may abate with easing of COVID-19 curbs
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Tencent Posts Biggest Profit Decline Since 2004, Freeze on New Game Licences Scaled Down Revenue
Tencent, Chinese gaming and social media giant, reported virtually no growth in first-quarterly revenue, its worst ever such performance. China's economic slowdown and a freeze on new game licences weighed on its business.
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Sensex Jumps About 700 Points, Riding Higher On A Global Optimism Wave
Indian equity benchmarks jumped on Thursday, riding higher on investor optimism driven mainly by a rally on Wall Street tracking robust US company earnings, but global economic growth fears, a slowdown in demand from China's stringent restrictions, and Europe's energy crisis persist.
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Rahul Gandhi's "Takeovers" Warning On Day China Bank Buys Stake In HDFC
Senior Congress leader Rahul Gandhi on Sunday said the economic slowdown has made Indian companies susceptible to takeovers, and demanded the "corporates" must be protected from "foreign interests".
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NASA Satellite Shows Fall In China Pollution Over Coronavirus Shutdown
NASA satellite images show a dramatic fall in pollution over China that is "partly related" to the economic slowdown due to the coronavirus outbreak, the space agency said.
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India's Painful Double Whammy Spreads to Other Economies, Including China
India, however, is not a victim of trade wars. Its slowdown is self-inflicted, caused by the evaporation of consumer demand, proliferation of bad loans and erosion in business confidence.
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At IMF, US Urges Action To Spur Global Economy; Avoids Talk Of Trade War
Washington called Friday for action from other major world powers to spur economic growth, avoiding mention of the US-China trade war and blaming the current global slowdown on excess savings, flagging investment in China and Europe in particular.
-
Xi Jinping Makes 1st Known Visit To Central Bank After Becoming President: Report
Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds.
-
World Bank Downgrades East Asia's Growth Forecast Due To Slowdown In China: Report
The World Bank cited tumbling retail sales tumbling, stagnant house prices and increased household debt for China's economic mess.
-
China's Economic Slowdown Could Have Ripple Effect Across World: Report
According to China's National Bureau of Statistics (NBS), the annual GDP growth of the country fell to 3 per cent, much below the 5.5 per cent official target in 2022 and its economic slowdown has the potential to generate ripple effects.
-
Economic Slowdown In These 3 Countries Will Impact The World In 2023: IMF
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the International Monetary Fund said on Sunday.
-
Apple Said to Hover Above Competition Even as Smartphone Market Stumbles
Apple is said to perform better than its competitors despite the global smartphone market's tumbling. The iPhone 13 continues to sell well, and Apple is expecting its upcoming iPhone 14 to do even better at launch. Two iPhone supply chain sources with direct knowledge of the matter told that iPhone sales have continued to do well in July despite si...
-
Global Smartphone, PC Shipments Expected to Decline in 2022 Amid Inflation, China Slowdown: Gartner
Global smartphone and PC shipments are expected to decline in 2022, according to a report by research firm Gartner. Phone shipments to China, which is the world’s largest smartphone market, are expected to fall by 18 percent due to Covid-19 curbs that halted production in economic areas. Gartner expects a drop of 7 percent in global smartphone sh...
-
"Don't Want RBI To Become Extension Of Government": Ex CEA Arvind Subramanian
Mr Subramanian, while reacting to RBIs outlook on inflation, expressed disappointment that though prices have been rising for almost three years, it was late in taking measures to check them, which showed "a certain loss of institutional independence"
-
Global Economic Slowdown Intensifies As China Services Activity Contracts Again
In yet another sign of a global economic slowdown, China's services activity contracted for the third month in a row in May.
-
Asian Currencies' Bearish Trends Retreat On China Recovery Signs
Bearish bets on Asian currencies reduced on signs that China's economic pain may abate with easing of COVID-19 curbs
-
Tencent Posts Biggest Profit Decline Since 2004, Freeze on New Game Licences Scaled Down Revenue
Tencent, Chinese gaming and social media giant, reported virtually no growth in first-quarterly revenue, its worst ever such performance. China's economic slowdown and a freeze on new game licences weighed on its business.
-
Sensex Jumps About 700 Points, Riding Higher On A Global Optimism Wave
Indian equity benchmarks jumped on Thursday, riding higher on investor optimism driven mainly by a rally on Wall Street tracking robust US company earnings, but global economic growth fears, a slowdown in demand from China's stringent restrictions, and Europe's energy crisis persist.
-
Rahul Gandhi's "Takeovers" Warning On Day China Bank Buys Stake In HDFC
Senior Congress leader Rahul Gandhi on Sunday said the economic slowdown has made Indian companies susceptible to takeovers, and demanded the "corporates" must be protected from "foreign interests".
-
NASA Satellite Shows Fall In China Pollution Over Coronavirus Shutdown
NASA satellite images show a dramatic fall in pollution over China that is "partly related" to the economic slowdown due to the coronavirus outbreak, the space agency said.
-
India's Painful Double Whammy Spreads to Other Economies, Including China
India, however, is not a victim of trade wars. Its slowdown is self-inflicted, caused by the evaporation of consumer demand, proliferation of bad loans and erosion in business confidence.
-
At IMF, US Urges Action To Spur Global Economy; Avoids Talk Of Trade War
Washington called Friday for action from other major world powers to spur economic growth, avoiding mention of the US-China trade war and blaming the current global slowdown on excess savings, flagging investment in China and Europe in particular.
