China Economy Slowdown

Skepticism prevails as Chinese leaders promise to back private businesses to spur slowing economy

A survey by the British Chamber of Commerce in China found 70% of foreign companies want “greater clarity” before making new investments. The European Union Chamber of Commerce in China said its members are shifting investments to Southeast Asia and other targets.

Agony of Ageism: Why turning 35 is a ‘curse’ in China

In China, 30s are the new 60s. Workers dread turning 35, as employers are reluctant to hire older people. Several job postings have capped the age limit to 35 or below. With no employment, marriage and kids remain a distant dream

Big Blow to China: S&P Global cuts 2023 growth forecast to 5.2% from 5.5%

In a research note, credit rating agency S&P said China's recovery should continue but at an uneven pace, with investment and industry lagging

China's central bank cuts benchmark interest rates to boost economy

China's efforts contrast with those in the United States and other Western countries, which have been forced into a series of interest rate hikes while reducing money supply to tame inflation.

China eyes support for consumer and private sectors as growth slows

The world's second-largest economy stumbled in May with data on Thursday showing factory output and retail sales growth missing forecasts, adding to signs that the post-pandemic recovery is rapidly losing steam.

China youth unemployment rate hits record 20.8% in May: Official data

As per the National Bureau of Statistics, the unemployment rate for Chinese between the ages of 16 and 24 rose to 20.8 percent, up from what was already a record 20.4 percent in April.