China will adopt a “more active” set of policies to expand domestic demand in 2025 with “moderately loose” monetary tools – language not used by high-level authorities since the global financial crisis in 2009 – officials said following a meeting on Monday. A summary statement issued after a gathering of the country’s Politburo – a … Read more
China’s annual tone-setting economic work conference, which is set to convene this week, is expected to assess mounting challenges and signal intensified policy support, as policymakers seek to stabilise growth amid domestic pressures and external uncertainties, analysts said. Chinese leaders are expected to spend at least two or three days for closed-door exchanges on next … Read more
Beijing’s top official handling trade and economic affairs talks with the United States inspected major container ports in China’s top exporting province on Sunday, amid concerns over the potential impact of US president-elect Donald Trump’s trade policies. During his visits to Nansha Port in the city of Guangzhou and Shekou Port in the city of … Read more
The 41-year-old had lost around 80 per cent of the 2 million yuan (US$283,000) she invested over a decade. This week she was among the hundreds of millions of Chinese rushing back to the market on a wave of optimism after the government announced new measures to revive the economy. “I think the top leadership … Read more
Last Updated: August 15, 2024, 17:18 IST The latest report reveals a troubling rise in stalled housing projects. Many home buyers, particularly in cities like Delhi-NCR, continue to face delays in realising their homeownership dreams. The real estate sector is facing a significant crisis, with recent reports revealing that approximately 2,000 housing projects, encompassing 5.08 … Read more
China’s migrant workers are getting older while their salary increases are lagging behind the general population, according to an official report. The report, published by the National Bureau of Statistics on Tuesday, found that the average monthly salary of migrant workers rose by 3.6 per cent to 4,780 yuan (US$660) in 2023 compared with the … Read more
