China's economy grew by just 4. 6% in the third quarter, the second quarter in a row to miss the government's target of 5% growth for 2024. Weak consumer spending, a struggling property market, and slower industrial output are to blame. Retail sales grew by 3. 3%, down from 3. 7%, and industrial pro
China's space exploration plans for the next decade include some exciting destinations. They've already collected samples from the far side of the moon, and now they're looking at Mars, asteroids, and even Jupiter. The samples from the moon's far side are different from those from the near side, whi
China's economy grew by 4. 6% in the third quarter, the slowest pace in six quarters. This news came with a surprise: the country's central bank announced two new programs to boost the stock market. These programs could inject around $112. 6 billion into the market. This happened even as China's sta
China has kicked off major military drills around Taiwan, calling it a “stern warning” against the island's independence push. Taiwan's Defense Ministry condemned the exercises as “unreasonable provocation.” The drills, dubbed Joint Sword-2024B, involve China’s army, navy, air force, and rocket forc
China staged military drills near Taiwan as a response to Taiwanese President Lai Ching-te's recent speech. The drills, named "Joint Sword-2024B," involved different branches of the Chinese military. They were conducted around the north, south, and east of the island. The goal was to test their join
China's Ministry of Finance recently held a press briefing, highlighting its focus on resolving local government debt issues rather than providing the economic stimulus markets were hoping for. Finance Minister Lan Fo'an outlined four key measures to support local governments in managing debt risks.
China has been trying to revive its economy by offering support to the struggling property sector and local governments with heavy debt loads. However, recent updates from Finance Minister Lan Fo’an have left economists scratching their heads. They're wondering if the government is truly committed t
China's Finance Minister Lan Fo'an hinted at increasing the deficit during a recent press briefing, suggesting greater fiscal flexibility. He stressed that the opportunity to do so is "quite substantial," but further discussions are ongoing. Economists have been calling for more financial backing fr
China's Finance Minister, Lan Fo'an, recently suggested that there's room for more economic stimulus, but he didn't reveal any specific plans. This could mean new steps to boost the economy in the future, but what those might be is still a mystery. China's economy hasn't been doing great even after
China's Finance Minister, Lan Fo’an, hinted at possible economic boosts on Saturday but didn't reveal any concrete plans. This comes after the economy's slow recovery from COVID-19 restrictions lifted in late 2022. Companies are cautious, cutting back on jobs and pay, while a struggling property mar
