China pledged on Monday to treat foreign companies the same way as domestic peers in a bid to attract more foreign investment, cooperation and expertise, as Asia’s largest economy moves to upgrade and strengthen its industrial chains. “China will fully guarantee national treatment for foreign companies, so that more foreign companies can invest in China … Read more
BEIJING: Chinese manufacturing activity expanded steadily as both production and new orders grew faster in February, pushing business confidence to a 10-month high even as firms remained cautious on hiring, a private-sector survey showed on Friday. The upbeat results, however, contrasted with an official survey released earlier in the day showing factory activity contracted for … Read more
A recent Bloomberg article had a headline that caught my eye: Wall Street Snubs China for India in a Historic Markets Shift. Often, but not always, stock market movements are indicative of what is happening in an economy. In todayâs episode, letâs see what has been happening in China on various economic fronts. Chinese stock … Read more
HEFEI, China: Ultramodern factories churn out electric cars and solar panels in Hefei, an industrial center in the heart of central China. Broad avenues link office towers and landscaped parks. Subway lines open at a brisk pace. Yet at Hefei’s market for construction materials, local merchants are gloomy. Wu Junlin, a vendor of doors, has … Read more
The lull of a government job does not seem to be exclusive to Indians. According to a recent report, a mind-boggling three million youth took the civil service exam in neighbouring China in the hope of landing a government job. This unprecedented number reflects the concerns of the country’s youth grappling with high levels of … Read more
BEIJING: Even China’s population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said on Saturday, in a rare public critique of the country’s crisis-hit property market. China’s property sector, once the pillar of the economy, has slumped since 2021 when real estate giant … Read more
Describing China as an “existential threat” to the US and the world, Indian-American Republican presidential aspirant Nikki Haley has claimed Beijing is “preparing for war”. China has spent half a century plotting to defeat America and in some respects, the Chinese military is already at par with the US armed forces, Haley said in a … Read more
Chinese President Xi Jinping‘s first major reform plans a decade ago were also his boldest, envisaging a transition to a Western-style free market economy driven by services and consumption by 2020. The 60-point agenda was meant to fix an obsolete growth model better suited to less developed countries – however, most of those reforms have … Read more
Chinese leader Xi Jinping has called for patience in a speech released as the ruling Communist Party tries to reverse a deepening economic slump and said Western countries are “increasingly in trouble” because of their materialism and “spiritual poverty.” File | Photo Credit: AP China’s economy, the world’s second-largest, is now in deep distress and … Read more
Chinese leader Xi Jinping has called for patience in a speech released as the ruling Communist Party tries to reverse a deepening economic slump and said Western countries are “increasingly in trouble” because of their materialism and “spiritual poverty.” | Photo Credit: AP Chinese leader Xi Jinping has called for patience in a speech released … Read more