New government data shows that growth for the year fell far short of Beijing’s goal. With Covid curbs lifted but the pandemic’s course uncertain, hope and fear cloud the forecast.
Tag: National Bureau of Statistics (China)
Oil Prices Fall After Signs of Chinese Economic Slowdown
A set of weak economic data and unexpected interest rate cuts in China led to a sharp sell-off, driven by concerns over sluggish demand in the world’s biggest oil importer.
China’s Economy Hits a Slump as Covid Policy Takes a Toll
High unemployment, a housing market in crisis and sluggish consumer spending during lockdowns are putting pressure on Beijing in a year when officials are focused on projecting stability.
China’s Births Hit Historic Low, a Political Problem for Beijing
The demographic crisis, a challenge to the economy, also signals a limit to the reach of the government, which has struggled recently to grow the population.
China’s Economy Is Slowing, a Worrying Sign for the World
Economic output climbed 4 percent in the last quarter of 2021, slowing from the previous quarter. Growth has faltered as home buyers and consumers become cautious.
China’s Economic Growth Slows as Covid Fears Persist
Growth in the world’s second-largest economy lost steam as more expensive raw materials weighed on factories, though retail sales showed signs of stabilizing.
Once-a-Decade Census Shows an Aging, Better-Educated China
The country is locked in a demographic crisis. But the figures also showed rising education and urbanization levels.
With Covid-19 Under Control, China’s Economy Surges Ahead
Exports jumped and local governments engaged in a binge of debt-fueled construction projects. Even consumer spending is finally recovering.
China’s Economy Rebounds From Coronavirus, but Shares Fall
Heavy spending on roads and rail lines reversed the economy’s outbreak-induced nose-dive in February and March. But retail sales stayed weak, alarming investors.
China’s Economy, by the Numbers, Is Worse Than It Looks
New figures suggest the economic outlook may be improving but that growth has slowed more than the headline figure shows.