In October, China experienced a reversion to deflation, as indicated by official data, with a decrease in pork prices impacting the nation’s economy, which is the second-largest globally.
China’s debt hits 272pc of GDP, according to the International Monetary Fund.
China is pushing worldwide debt towards potentially unmanageable levels due to extensive borrowing by its property developers and local authorities, as per the International Monetary Fund (IMF).
Investors offload significant Chinese shares in an unprecedented sell-off.
Global investors are rapidly shedding their holdings in China’s premier stocks in an unprecedented sell-off, suggesting that even China’s top industries are no longer favoured due to economic uncertainties.
Beijing plans response to US investment prohibition
China is contemplating a retaliatory move in response to the recent surge of US sanctions that limit investments from US venture capital firms in advanced Chinese artificial intelligence (AI) companies.
Chinese property behemoth faces challenges, leading to market downturn
Asian stock markets declined due to troubles faced by China’s premier private real estate developer, raising fresh worries about the stability of the globe’s second-largest economy.
Biden’s restriction on US investments in Chinese technology triggers a decline in Asian stock markets.
Joe Biden has declared a prohibition on US investments into critical high-tech sectors in China, a decision Beijing has labelled as “anti-globalization.”
China experiences deflation, raising concerns for the worldwide economy
China has entered a phase of deflation as the world’s second-largest economy grapples with reigniting demand following prolonged zero-Covid strategies.
China Plans For A UK Super Embassy In London
China purchased a huge 700,000-square-foot property worth £255 million in 2018. The former location of London’s Royal Mint is now a 70,000 sq. ft.
USA shoots down unidentified object over Canada
Unidentified objects flew over Canada on Saturday. This was the second such incident in as many days, one week after the Pentagon downed a Chinese spy ball off the US
Local health officials state that Covid has infected 90% of Chinese province residents
According to data from central Henan’s health commission, 88 million people may have been infected with the virus.
China’s great migration, first day of “chun yun” kicks-off under shadow of COVID
China marked Saturday the beginning of “Chun Yun”, the 40-day period for Lunar New Year travel in China. This was pre-pandemic the largest annual migration of people worldwide.