Chinese Economy Declining

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...

The Chinese Communist Party's (CCP) two sessions of top political meeting started on Saturday, March 4, and are expected to last for two weeks. The regime has set its 2023 gross domestic product (GDP) target at its lowest level in years, NTD Report.

Huawei has reported its first-half net profit to have more than halved as a difficult economy curtailed demand from customers. To add, the US has also issued technology restrictions on the Chinese company. Huawei’s revenue dropped 5.9 percent year-on-year during the period, with a sharper decline during January-March.

The prolonged decline in oil prices and weaker expansion in Chinese economy have dimmed growth prospects of several economies, but it does not signal a threat of global recession, Moody's Investors Service said today.

Over the last 25 years, a period of remarkable economic growth spanning from China to South America spurred one of the world's greatest - and oft-overlooked - modern achievements: a dramatic reduction in the number of extreme poor.

Profits earned by Chinese industrial companies fell 4.6 per cent in October from a year earlier, declining for the fifth consecutive month as the world's second largest economy slows and industries deal with overcapacity.

The dramatic collapse of China's stock markets has shaken global investors, but for Chinese factory executives the real problem is a decline of another kind - the remorseless erosion of profits thanks to nearly four years of price deflation.

The latest tumble followed similar declines in global markets and reflected sharp across-the-board falls in Chinese stock index futures as bears claimed victory over bulls on the settlement day for August index futures contracts.

Since being thrust onto the world stage, residents of a once obscure part of China have rallied round to help those affected by the sinking of a cruise ship, an outpouring of kindness in a country more used to worrying about a decline in public morals.

Chinese Finance Ministry said fiscal revenue stood at 14.04 trillion yuan ($2.3 trillion) compared to $2.11 trillion in 2013.

Chinese industrial profits dropped 4.2 per cent in November to 676.12 billion yuan ($108.85 billion), official data showed on Saturday, the biggest annual decline since August 2012 as the economy hit major unexpected headwinds in the second half.

Brent crude edged towards $108 a barrel on Thursday, ending a four-day decline as robust Chinese data raised hopes that the world's No.2 economy is stabilising, but uncertainty over the outlook for US stimulus capped prices.

After posting impressive growth in the past few years, India-China bilateral trade declined by 10.1 per cent to $66.47 billion last year.

Grim global economic scenario affects FDI inflows to China, as they registered a near 10 per cent drop

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...

The Chinese Communist Party's (CCP) two sessions of top political meeting started on Saturday, March 4, and are expected to last for two weeks. The regime has set its 2023 gross domestic product (GDP) target at its lowest level in years, NTD Report.

Huawei has reported its first-half net profit to have more than halved as a difficult economy curtailed demand from customers. To add, the US has also issued technology restrictions on the Chinese company. Huawei’s revenue dropped 5.9 percent year-on-year during the period, with a sharper decline during January-March.

The prolonged decline in oil prices and weaker expansion in Chinese economy have dimmed growth prospects of several economies, but it does not signal a threat of global recession, Moody's Investors Service said today.

Over the last 25 years, a period of remarkable economic growth spanning from China to South America spurred one of the world's greatest - and oft-overlooked - modern achievements: a dramatic reduction in the number of extreme poor.

Profits earned by Chinese industrial companies fell 4.6 per cent in October from a year earlier, declining for the fifth consecutive month as the world's second largest economy slows and industries deal with overcapacity.

The dramatic collapse of China's stock markets has shaken global investors, but for Chinese factory executives the real problem is a decline of another kind - the remorseless erosion of profits thanks to nearly four years of price deflation.

The latest tumble followed similar declines in global markets and reflected sharp across-the-board falls in Chinese stock index futures as bears claimed victory over bulls on the settlement day for August index futures contracts.

Since being thrust onto the world stage, residents of a once obscure part of China have rallied round to help those affected by the sinking of a cruise ship, an outpouring of kindness in a country more used to worrying about a decline in public morals.

Chinese Finance Ministry said fiscal revenue stood at 14.04 trillion yuan ($2.3 trillion) compared to $2.11 trillion in 2013.

Chinese industrial profits dropped 4.2 per cent in November to 676.12 billion yuan ($108.85 billion), official data showed on Saturday, the biggest annual decline since August 2012 as the economy hit major unexpected headwinds in the second half.

Brent crude edged towards $108 a barrel on Thursday, ending a four-day decline as robust Chinese data raised hopes that the world's No.2 economy is stabilising, but uncertainty over the outlook for US stimulus capped prices.

After posting impressive growth in the past few years, India-China bilateral trade declined by 10.1 per cent to $66.47 billion last year.

Grim global economic scenario affects FDI inflows to China, as they registered a near 10 per cent drop