This photo shows people posing next to a newly renovated statue of a pair of parents and three children in Hankou Park next to the Yangtze River in Wuhan, in China’s central Hubei province. China’s population decline accelerated in 2023, official data showed on January 17, 2024. | Photo Credit: AFP China’s population fell for … Read more
President Joe Biden signed an executive order on August 9 to block and regulate high-tech U.S.-based investments going toward China— a move the administration said was targeted even though it reflected an intensifying competition between the world’s two biggest powers. The order covers advanced computer chips, micro electronics, quantum information technologies and artificial intelligence. Senior … Read more
China’s new home prices stalled for the first time since February 2020 in September, as the chill in the property market intensified amid tightening credit due to an ongoing crackdown on speculative investment. The average new home price in 70 major Chinese cities was unchanged in September month-on-month, compared with 0.2% growth in August, according … Read more
China’s factories slowed their output growth in April and retail sales significantly missed expectations as officials warned of new problems affecting the recovery in the world’s second-largest economy. While China‘s exporters are enjoying strong demand, global supply chain bottlenecks and rising raw materials costs have weighed on production, cooling the blistering economic recovery from last … Read more
BEIJING: An official indicator of China‘s manufacturing activity weakened for a second consecutive month in January, following outbreaks of domestic COVID-19 cases that affected the operations of some industries. The purchasing managers’ index, or PMI, for China’s manufacturing sector fell to 51.3 in January, down 0.6 percentage points from December, according to data from the … Read more
BEIJING: China’s manufacturing activity expanded in October for the eighth straight month, though at a slightly slower rate than in September, the National Bureau of Statistics said Saturday. The Purchasing Managers Index stood at 51.4, down from 51.5 the previous month, the agency announced. A reading above 50 in the monthly survey of companies indicates … Read more