China recently announced that its economy grew by 4. 6% in the third quarter compared to the same period last year. This growth slightly surpassed the expectations of economists, who had predicted a 4. 5% increase. Although this growth rate is a bit slower than the 4. 7% growth seen in the second qu
China recently poured half a trillion dollars into its struggling property sector. Experts, however, aren’t convinced this is enough to turn things around. The move comes after a summer of poor economic data, raising fears that China might miss its growth target. Leader Xi Jinping finally rolled ou
What happens when a businessman turned politician's policies could hurt his own ventures? That's the situation with Donald Trump's tariff proposals. Newsweek found that many Trump-branded products, like hats, jackets, and even Bibles, are made in countries like China and Vietnam. These are the same
Workers in Beijing are feeling the pinch of a struggling economy, with recent growth numbers being the worst in over a year. The city's economy has been hit hard by slow consumer spending and a crisis in the real estate sector. Despite the government's efforts to boost the economy with new policies,
Have you ever wondered what happens when a huge economy like China's starts to slow down? Well, it's a big deal, and it's happening right now. China's economy is growing at its slowest pace in months. This is because of problems like a crashing property market, people not buying much, and prices goi
Procter & Gamble recently announced its earnings for the first quarter of 2025, and the news wasn’t great. Sales in China, the company’s second-biggest market, dropped by 15%. This is due to economic struggles like falling home prices and rising unemployment rates. People are spending less, which me
Spirit AeroSystems, a major supplier for Boeing, has decided to put 700 of its employees on temporary leave. This comes as a result of the ongoing strike by machinists at Boeing, which has now lasted for six weeks. The strike started on September 13 when over 32,000 Boeing workers rejected a tentati
Proposition 32 is a proposal that aims to gradually raise California's minimum wage to $18 an hour within two years. This would make California the state with the highest minimum wage in the country. The current minimum wage levels were set through a deal struck by state lawmakers back in 2016. Vic
Malaysia is planning some big changes to how it spends its money. The government has been giving out lots of subsidies, like helping with fuel, water, and even chicken prices. But this is costing them a lot, and they want to change that. So, next year, they'll start adjusting who gets these subsidie
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
