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China's Private Sector Gets Support From Xi Government

Mar 11, 2016 09:02 AM EST

China's top leader has thrown his support behind the private sector, promising to continue to initiate market-oriented reforms and protect private business. President's Xi Jinping's pledge of support was contained in a 5,000-word article addressed to lawmakers and political advisers from the private sector.

China Economy: Not as bad as Everyone Thinks

Jenia Cane |

Mar 10, 2016 03:14 PM EST

China's economy has found itself in the eye of the storm, as its prospects for global expansion have reportedly become dim.

International Monetary Fund has raised concerns about China’s spiraling corporate debt.

Anticipated Layoffs in China may not Happen as Companies Adopt Measures; $15.4B to be Allocated for Laid-Off Workers

Jenia Cane |

Mar 07, 2016 07:27 AM EST

The anticipated massive layoffs in China in the coming years may not happen as companies have adopted measures to avoid such a scenario. Meanwhile, the central government is reportedly setting aside a budget of $15.4 billion (100 billion yuan) to help out the families and workers that could be affected by the job cuts.

China's Zombie Factories Stunt Economic Growth: Experts

Charissa Echavez |

Mar 04, 2016 09:27 AM EST

China is not just dealing with plunging stocks, plummeting currency value and economic slowdown, but it has zombie troubles too. There are several zombie companies in China - state firms that cannot survive on their own and need the support of the government.

5 to 6 Million Workers in China Could Lose Jobs in Next 3 Years, Says Report

Carlos Castillo |

Mar 02, 2016 04:15 AM EST

Five to six million state workers in China could lose their jobs over the next two to three years as Beijing buckles down to address industrial overcapacity and weed out inefficiency amid broader efforts to restructure the country's economy, reliable sources have said.

US Fed Researcher Says China's Economic Data Reliable

Marcel Woo |

Mar 01, 2016 03:12 AM EST

A United States Federal Reserve researcher announced recently that the official gross domestic product (GDP) data released by China is reliable.

China's Industries See Signs Of Recovery

China's Excess Production Slows Down Economic Recovery: Report

Alexis Villarias |

Feb 25, 2016 12:55 PM EST

Excess industrial production has worsened the economic slowdown in China, according to a report released on Monday by the European Chamber of Commerce. Ultimately, this could lead to global economic disorder, the report warns.

China's Manufacturing Activity Hits 3-Year Low in January

Staff Reporter |

Jan 31, 2016 09:34 PM EST

For the sixth straight month, China's manufacturing activity, which is one of the major factors that determine the country's economic health, contracted in January, government data released on Monday showed.

China is Confident About its 'Investment Climate' and Potential for Economic Growth

Anshu Shrivastava |

Jan 22, 2016 10:10 AM EST

There is a growing global concern about China's slowing economic growth rate. A recent U.S. report claims that the investment climate in the world's second-largest economy is worsening. China, however, remains confident about creating a positive climate for foreign investors.

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