As doubts grow about China's economic recovery and its markets lag global peers, many of the financial firms are taking a hit on their earnings and are reining in their ambitions
Chinese policymakers have so far resisted calls to juice the economy through massive government stimulus, instead stressing the need to pivot towards "high-quality" growth
More than one in five of the roughly 100 million Chinese aged 16 to 24 were unemployed in June 2023
The positive data comes as senior officials meet in Beijing for the annual "Two Sessions" of China's parliament and its top political consultative body, in gatherings that have been dominated by the economy and national security
In January and February combined, exports surged 7.1 percent on-year
That balancing act likely means Chinese debt must go up to finance investment in high-tech industries, and manage the pace of the property downturn and the restructuring of municipal liabilities
Domestic spending on tourism came in at 632.7 billion yuan ($87.9 billion), up 7.7 percent from 2019
China's central bank left a key policy rate unchanged as expected on Sunday
Chinese industries are battling falling product prices and crushing profit margins, along with compounding economic woes for survival
As doubts grow about China's economic recovery and its markets lag global peers, many of the financial firms are taking a hit on their earnings and are reining in their ambitions
Chinese policymakers have so far resisted calls to juice the economy through massive government stimulus, instead stressing the need to pivot towards "high-quality" growth
More than one in five of the roughly 100 million Chinese aged 16 to 24 were unemployed in June 2023
The positive data comes as senior officials meet in Beijing for the annual "Two Sessions" of China's parliament and its top political consultative body, in gatherings that have been dominated by the economy and national security
In January and February combined, exports surged 7.1 percent on-year
That balancing act likely means Chinese debt must go up to finance investment in high-tech industries, and manage the pace of the property downturn and the restructuring of municipal liabilities
Domestic spending on tourism came in at 632.7 billion yuan ($87.9 billion), up 7.7 percent from 2019
China's central bank left a key policy rate unchanged as expected on Sunday
Chinese industries are battling falling product prices and crushing profit margins, along with compounding economic woes for survival
A Hong Kong court on Monday ordered the liquidation of property giant China Evergrande Group