Lately, China's economy hasn't been having the smoothest ride. After the government released a stimulus package, the Shanghai and Hong Kong stock markets took a dive. Why? Because investors felt the measures didn't hit the mark. All this is happening while youth unemployment is high, prices are risi
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, 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
China, the world's second-largest economy, is facing a prolonged economic slowdown. The country's factory activity has contracted for five straight months, with a purchasing managers' index (PMI) reading of 49.8 in September. While this is higher than expected, it still indicates a contraction in ma
As the United Nations General Assembly gathered to address pressing global issues, China's foreign minister, Wang Yi, took center stage to reiterate his country's commitment to promoting peace and stability around the world. With a focus on the ongoing conflict in Ukraine, Wang emphasized the import
China's defense industry has been on a mission to modernize its forces, but it seems a major setback has occurred. The newest nuclear-powered submarine, part of the country's ambitious Zhou-class line, has reportedly sunk pierside earlier this year. The incident has left many wondering about the Chi
China's space program is on the cusp of a major milestone, as the country prepares to unveil a long-term vision for space science. This ambitious plan aims to accelerate China's progress in the field, solidifying its role as a global leader in space exploration. The Chinese Academy of Sciences has o
China's incredible journey towards a cleaner energy future is nothing short of remarkable. The country is on track to meet its ambitious 2030 renewable energy target six years ahead of schedule, a feat that has left many in the industry reeling. But what's behind this remarkable achievement, and wha
The recent reports from the American Chamber of Commerce in Shanghai and the European Union Chamber of Commerce in China paint a bleak picture for US companies operating in China. The record-low profits and dwindling optimism among American businesses in China are a stark reminder of the challenges
The Chinese electric vehicle (EV) market is facing yet another challenge as the government in Beijing has issued a recommendation to protect key technology by keeping advanced electric vehicle parts within the nation. This move has sent shockwaves through the industry, causing Chinese EV stocks to p
