China Economy 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 Cuts Key Interest Rate To Counter Post-Covid Slowdown
China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy.
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Xiaomi Reports Record Drop in Q4 Revenue, Loses Indian Smartphone Market in Higher-End Devices to Samsung
Chinese smartphone maker Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Early signs suggest China's economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and...
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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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Opinion: How Safe Is India's Economy? What's Working - And What Isn't
It's not immediately obvious that the global slowdown has also arrived in India: Investments in factories, roads, and other fixed assets are just shy of 35% of domestic output; they haven't been this high in 10 years. Loan demand is growing so fast t
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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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Coronavirus Impact On Trade In India Estimated At $348 Million: UN
The trade impact of the coronavirus epidemic for India is estimated to be about $ 348 million and the country figures among the top 15 economies most affected as slowdown of manufacturing in China disrupts world trade, according to a United Nations report.
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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.
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Despite Low Demand, Crude Oil Prices Seen Rising
Currently, the global economy is witnessing a major slowdown and economies like China, Germany and India have reported declining factory output.
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Sales Slumps In China, India Clobber Automakers Banking On Asia For Growth
Hit by a slowing economy, the US-China trade war and the chaotic implementation of new emission rules, vehicle sales logged a 12th straight month of declines in June.
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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.
-
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 Cuts Key Interest Rate To Counter Post-Covid Slowdown
China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy.
-
Xiaomi Reports Record Drop in Q4 Revenue, Loses Indian Smartphone Market in Higher-End Devices to Samsung
Chinese smartphone maker Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Early signs suggest China's economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and...
-
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.
-
Opinion: How Safe Is India's Economy? What's Working - And What Isn't
It's not immediately obvious that the global slowdown has also arrived in India: Investments in factories, roads, and other fixed assets are just shy of 35% of domestic output; they haven't been this high in 10 years. Loan demand is growing so fast t
-
"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
-
Coronavirus Impact On Trade In India Estimated At $348 Million: UN
The trade impact of the coronavirus epidemic for India is estimated to be about $ 348 million and the country figures among the top 15 economies most affected as slowdown of manufacturing in China disrupts world trade, according to a United Nations report.
-
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.
-
Despite Low Demand, Crude Oil Prices Seen Rising
Currently, the global economy is witnessing a major slowdown and economies like China, Germany and India have reported declining factory output.
-
Sales Slumps In China, India Clobber Automakers Banking On Asia For Growth
Hit by a slowing economy, the US-China trade war and the chaotic implementation of new emission rules, vehicle sales logged a 12th straight month of declines in June.
