The seafood market in the Chinese city of Wuhan may not be the only source of the novel coronavirus (2019-nCoV) outbreak, according to an expert.
Global factory activity took a further turn for the worse in July, private surveys showed on Tuesday, a sign slowing growth and weakness in China were taking a toll on the world economy. The downturn highlights the dilemma for policymakers who embarked on aggressive tightening cycles in a battle to keep inflation at bay and yet also
It is happening at last, and the American game plan of isolating China and checking its hold in global supply chains is working. Analysis of movement of mutual fund investments shows that there is a definitive move away from China, and into other emerging economies like Mexico, India, Indonesia and other south-east Asian nations.
China slipped into deflation as consumer prices contracted last month for the first time in more than two years, official data showed on Wednesday, as slowing domestic spending weighs on the country’s post-Covid economic recovery. The Consumer Price Index, the main gauge of inflation, fell 0.3 in July, the National
China’s unexpectedly poor export performance as revealed on Tuesday is still largely down to wider economic headwinds. But underlying trade and investment trends point to an unmistakable long-term drift in commercial ties with the West. Official data showed a 14.5% drop in July exports amid weak consumer demand
Decline in consumer prices and in producer prices for July has put China on the deflation track, and it has raised fears among Western market watchers that China, the second largest economy, could be entering a long-term deflationary period as had Japan in the last two decades. There is the undeniable fact that China’s post-Covid
China’s new bank loans tumbled in July from a month earlier and other key credit gauges also weakened, even after policymakers cut interest rates
The gross domestic growth product growth in the first three months of the year showed a positive 4.5 growth year-on-year, compared to the 2.9 per cent growth the previous quarter.
The downgrading by the International Monetary Fund (IMF) of its outlook for the world economy and its prediction that growth this year will be the weakest since the 2008 financial crisis