Chinese Economy

What Happened: The Chinese economy bounced back strongly, growing 18.3 percent in the first quarter of the year, according to China’s National Bureau of Statistics. CNBC highlights the figure as “slightly below expectations of a 19 percent increase.” Retail sales grew 34.2 percent in March, topping expectations of 28-percent growth,…

China’s gross domestic product saw a growth of 18.3 per cent year on year in the first three months of 2021, highlighting how the world’s second largest economy has controlled and recovered from the coronavirus pandemic. The GDP grew by 0.6 per cent when compared with the fourth quarter of…

Strengthening the delivery of solutions through an integrated manufacturing, marketing, and servicing system in China, where market demand is growing TOKYO, Apr 15, 2021 - (JCN Newswire) - Hitachi High-Tech Corporation today announced that it will commence local production in China for assembled products of the Hitachi Automatic Analyzer 3500…

HONG KONG, Mar 18, 2021 - (ACN Newswire) - HKC (Holdings) Limited ("HKC" or the "Company"; stock code: 190) has announced the consolidated results of the Company and its subsidiaries (collectively the "Group") for the year ended 31 December 2020 ("Period Under Review").Financial Review During the Period Under Review, turnover…

Synopsis The BRICS New Development Bank (NDB) has announced that it approved 7 billion yuan (about 1.08 billion U.S. dollars) of emergency assistance program loans to support China's economic recovery from COVID-19.Getty ImagesThe loan is the second emergency loan approved by the NDB to help China fight the epidemicChinese economy…

Workers stand at the port of Qingdao, Shandong province, China June 10, 2019. Reuters BEIJING — China is set to overtake the United States as the world's largest economy a few years earlier than anticipated due to the coronavirus pandemic, analysts said. The U.S. reported last week that gross domestic…

China was the largest recipient of foreign direct investment in 2020 as the coronavirus outbreak spread across the world during the course of the year, with the Chinese economy having brought in $163 billion in inflows. China’s $163 billion in inflows last year, compared to $134 billion attracted by the…

Retail sales, a key indicator of consumer spending in China, contracted by 3.9 per cent last year, and experts say reform measures are needed to reverse the trend Analysts have expressed concerns with the lingering weak recovery in domestic consumption, which is lagging behind a strong rebound in industrial production,…

News18» News»World»China’s GDP Grew 2.3% in 2020, Slowest in More Than 4 Decades: Report 1-MIN READ Chinese President Xi Jinping. The 2.3 percent expansion is the lowest figure since the Chinese economy embarked on major reforms in the 1970s. AFP Last Updated: January 18, 2021, 08:04 ISTFOLLOW US ON:China's economy…

A surge in state investments has helped lift the Chinese economy from the effects of Covid-19, but likely has worsened one of its deepest weaknesses: low productivity. Beijing has pulled off a robust economic recovery since early last year, when authorities locked down much of the country to combat the…