In November, China's consumer prices fell the fastest since November 2020, dropping 0.5 percent year on year, according to the country’s National Bureau of Statistics (NBS).
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
From January through August this year, Walmart bought 25 percent of its imported goods from Indian suppliers, compared to 2 percent in 2018.
SPOTLIGHT: CHINA’S ECONOMY
Last month, retail sales in China surged 7.6 percent, the National Bureau of Statistics (NBS) reported, beating a 7-percent gain foreseen in a Reuters survey of economists.
SPOTLIGHT: CHINA’S ECONOMY
China’s economy will end this year with a 5.4-percent growth rate, the International Monetary Fund (IMF) has projected, increasing its outlook for the country from the 5 percent it had foreseen in its October forecast.
SPOTLIGHT: CHINA’S ECONOMY
In September, foreign direct investment (FDI) in China totaled about $10 billion, down 34 percent year over year and the biggest decline since at least 2014 when figures first became available, the Financial Times reported.
SPOTLIGHT: CHINA’S ECONOMY
The Chinese government has announced a trillion-yuan boost (about $1.4 billion) to domestic spending, breaking its long-standing limit of a deficit no larger than 3 percent of GDP. That will dig the annual budget hole deeper than it has been in 30 years, according to figures cited by Bloomberg.
SPOTLIGHT: CHINA’S ECONOMIC QUAGMIRE
Following a number of policy tweaks by Beijing, China’s economy grew at an annual pace of 4.9 percent in this year’s third quarter, beating a Reuters poll of economists predictions of a 4.5-percent expansion.
SPOTLIGHT: CHINA’S ECONOMY FAILS TO IMPROVE
China exported 6.2 percent fewer goods in September than in August, notching the fifth consecutive month of declines, although the rate of decline slowed from 8.8 percent the month before. Imports also shrank by 6.2 percent, according to customs data reported by the Associated Press.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
With their country facing an extended period of economic uncertainty, well-off Chinese are sneaking cash out of the country with the help of people they have never met or even spoken to, using a system known as hawala.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Evergrande, China’s flamboyant, overleveraged property developer whose defaults in September 2021 set off a chain of collapses across the sector, announced last week it still owes tens of billions of dollars to contractors, lenders, and suppliers and that its chairman is under criminal investigation.