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
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
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 economy is getting a much-needed boost with a series of bold policy moves. The country's central bank has slashed the mortgage rate for existing homeowners, while also reducing the amount of cash commercial banks must hold in reserve. This means banks will have more money to lend to real est
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
China's secretive space plane, the "Shenlong" (meaning "Divine Dragon" in Mandarin), has landed back on Earth after spending over eight months in orbit. This latest development marks a significant milestone in China's quest to catch up with the United States in the realm of space technology. But wha
