Manufacturing slowed in China in January for the first time in four months as workers began leaving assembly lines to travel to their hometowns for Lunar New Year holidays. The National Bureau of Statistics said its purchasing managers index,
China’s economic activity unexpectedly faltered to start the year, breaking the momentum of a recovery sparked by stimulus measures and underlining the need for Beijing to do more to prevent another slowdown.
Criticism over how the Chinese government buys drugs for its public health care system has ignited frustration over the quality of medicine.
The official manufacturing purchasing managers’ index fell to 49.1, the lowest since August, missing economists’ forecast for a modest expansion.
Profits at China's industrial firms fell for a third straight year in 2024, official data showed on Monday, underlining the urgency for policymakers to step up support for an economy facing tariff threats from the new Trump administration.
China's provinces set local 2025 GDP growth targets, mostly around 5%, with higher goals in regions like Hainan and Tibet.
China's economy grew 5% last year, matching the government's target, but in a lopsided fashion, with many people complaining of worsening living standards as Beijing struggles to transfer its industrial and export gains to consumers.
Beijing hit its GDP growth target of 5 percent in 2024, according to its statistics bureau—but deflationary pressures remain.
China has reported that its economy expanded at a 5% annual pace in 2024, achieving Beijing’s target of “around 5%” growth helped by strong exports and recent stimulus measures.
"But do not let that achievement fool you. Under the hood, the economy's engine is struggling to get into gear," he warned. However, Francois Chimits from the Mercator Institute for China Studies said the figure should be regarded with some scepticism as ...
Australia is now more dependent on a single market than it has ever been since the late 1940s when our biggest customer was the United Kingdom.
China’s vast exports in 2024 exceeded its imports on a scale seldom seen anywhere except during or immediately after the two world wars.