Chinese Economy

Abdul Razak Dawood says stabil­isatio­n of Chines­e econom­y will benefi­t Pakist­an in 'big way' Abdul Razak Dawood says stabilisation of Chinese economy will benefit Pakistan in 'big way'. PHOTO: FILE ISLAMABAD: Prime Minister’s adviser on commerce and industries, Abdul Razak Dawood has said China has entered into an economic recovery phase…

Chinese President Xi jinping speaks during a meeting with Tedros Adhanom, director general of the World Health Organization, at the Great Hall of the People in BeijingBEIJING (Reuters) - China will step up investment in various sectors including 5G, artificial intelligence, transport and energy and boost employment, President Xi Jinping…

Taipei, Taiwan - Beijing has escalated the number and intensity of military drills around Taiwan in recent weeks, making risky manoeuvres that appear set to test the political waters in Taipei and Washington while signalling the mainland’s continuing animosity towards Taiwanese president Tsai Ing-wen, who was re-elected in a landslide…

A crane is seen at a construction site in BeijingBy Vivek MishraBENGALURU (Reuters) - The Chinese economy will slowly recover from its first quarterly contraction since current records began, economists predicted in a Reuters poll, but they warned of a likely recession if conditions worsen again from the global coronavirus…

Amid the coronavirus epidemic, the Chinese economy shrank by 6.8% in the first quarter, marking the first fall since 1992. However, the IMF expects the economies of some Asia-Pacific countries, especially China, to grow by the end of the year and become the drivers of global recovery.According to experts, China…

Apr 20, 2020 at 14:00 UTCShenzhen, China. (Credit: Shutterstock/fuyu liu)Blockchain Now Officially Part of China’s Technology StrategyAn influential government authority responsible for planning China's economy has said blockchain will form an integral part of the country's data and technology infrastructure. The National Development and Reform Commission (NDRC) told reporters Monday…

View photos(Bloomberg) -- Alibaba Group Holding Ltd. will invest 200 billion yuan ($28 billion) on cloud infrastructure such as datacenters over the next three years, a major effort to extend one of its fastest-growing businesses to more countries.That huge outlay -- equivalent to about half the revenue the entire company…

View photos(Bloomberg) -- Alibaba Group Holding Ltd. will invest 200 billion yuan ($28 billion) on cloud infrastructure such as datacenters over the next three years, a major effort to extend one of its fastest-growing businesses to more countries.That huge outlay -- equivalent to about half the revenue the entire company…

The one-year loan prime rate (LPR) was lowered by 20 basis points (bps) to 3.85% from 4.05% previously, while the five-year LPR was cut by 10 bps to 4.65% from 4.75%. China central bank China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies…

FILE PHOTO: Man wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in BeijingBy Winni Zhou and Andrew GalbraithSHANGHAI (Reuters) - China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies and prop up the coronavirus-hit economy,…