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china economy

Belt and Road: Xi Jinping’s $1 trillion ‘project of the century’ faces uncertain future

by Adrian Jhonsan
Belt and Road: Xi Jinping’s  trillion ‘project of the century’ faces uncertain future

BEIJING: When President Xi Jinping first assembled world leaders to map out his vision for expanding Chinese soft power via a web of infrastructure investment in 2017, he called the …

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Categories World

China’s Former Top Builder Country Garden Transforms Into Penny Stock

by Craig Fedirighi
China’s Former Top Builder Country Garden Transforms Into Penny Stock

BEIJING: Country Garden Holdings Co, formerly China’s largest developer by sales, has become a Hong Kong penny stock amid increasing scrutiny of its operations and mounting liquidity concerns. The stock …

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Categories Business

China’s Export Decline Registers Largest Plunge Since 2020

by Craig Fedirighi
China’s Export Decline Registers Largest Plunge Since 2020

BEIJING: China’s exports fell 14.5% in July year-on-year, while imports contracted 12.4%, customs data showed on Tuesday, in the biggest decline in outbound shipments from the world’s second-largest economy since …

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Categories Business

July services activity in China grows faster

by Craig Fedirighi
July services activity in China grows faster

BEIJING: China’s services activity expanded at a slightly faster pace in July, supported by a jump in business in the summer travel season, a private-sector business survey showed on Thursday, …

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Categories Business

China’s Economic Growth: Fragile Recovery and Dissatisfied Global Companies

by Craig Fedirighi
China’s Economic Growth: Fragile Recovery and Dissatisfied Global Companies

Major global firms ranging from banks to chipmakers are taking a largely cautious stance on their China business amid a frail recovery at the world’s second-largest economy from a pandemic …

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Categories Business

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