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Expert says Uncertainty in Real Estate Sector will Affect Chinese Economy

Oct 21, 2016 01:19 AM EDT

Many economists reportedly expressed doubts if the robust growth rate will sustain itself in the long run despite the country's latest GDP performance. China's GDP grew by 6.7 percent during the third quarter of this year.

China’s Economy Bounces Back, Grows 6.7% in 3rd Quarter

Girish Shetti |

Oct 19, 2016 09:28 AM EDT

The Chinese economy is showing signs of bouncing back after it registered a growth rate of 6.7 percent in the third quarter of the current financial year, the National Bureau of Statistics said on Wednesday.

One billionaire pops up nearly every three days in Asia, and 50 percent of them are from China, according to a new report by Switzerland’s UBS and advisory group PricewaterhouseCoopers.

One Billionaire Pops Up in China Every 5 Days

Charissa Echavez |

Oct 14, 2016 07:00 AM EDT

One billionaire pops up nearly every three days in Asia, and 50 percent of them are from China, according to a new report by Switzerland's UBS and advisory group PricewaterhouseCoopers (PwC) on global billionaires in 2015 released on Thursday (Oct. 13).

China’s September Export and Import Falls Steeply Amid Weak Global Demand

Girish Shetti |

Oct 13, 2016 04:30 PM EDT

Weak global demand continues to exert pressure on China's export market, as exports in the month of September dropped well below market expectations. The country's imports also witnessed a steep fall in the same month.

China to Impose Tough Environmental and Energy Efficiency Standards to Tackle Overcapacity

Girish Shetti |

Aug 13, 2016 02:14 PM EDT

To overcome overcapacity across key Industrial sectors, the Chinese government has decided to impose stricter environmental, safety, and energy efficiency standards, Reuters reported.

China’s Forex Reserve Declines to $3.20 Trillion in July

Girish Shetti |

Aug 08, 2016 09:12 AM EDT

China's foreign exchange reserves fell by $4.10 billion in the month of July, after witnessing a healthy rise in June.

China’s Service Sector Moderately Declines in July: Caixin Survey

Girish Shetti |

Aug 04, 2016 10:35 AM EDT

Growth in China's services sector weakened in the month of July due to moderate activities witnessed across the service sector, Reuters reported, citing a private survey conducted by Caixin.

GE Remains Bullish on Opportunities in China Despite Economic Slowdown

Girish Shetti |

Jul 20, 2016 12:45 PM EDT

American multinational conglomerate General Electronics is still upbeat about growth opportunities in the Chinese economy despite growing concerns over the country's economic slowdown and the Chinese government's ongoing anti-corruption campaign.

China's Economy Grows by 6.7% in Second Quarter, Beats Analysts Expectations

Girish Shetti |

Jul 15, 2016 10:56 AM EDT

The Chinese economy grew by 6.7 percent in the second quarter of the current financial year, according to data released by National Bureau of Statistics.

China’s Export Declined Sharply in June on Account of Weak Global Demand

Girish Shetti |

Jul 14, 2016 07:54 AM EDT

China's export declined steeply in the month of June as weak global demand and international economic uncertainties continues to affect the world's second largest economy.

China, US Lock Horns in Economic Battle

Iesha javed |

Jul 04, 2016 03:10 PM EDT

The world is witnessing a number of financial turning points at once with the steel industry crisis, the insecurities that loom large after the Brexit vote, and it appears that the China and US have locked horns in what seems like a long and hard economic battle.

U.S. Secretary of State Hillary Clinton Visits China

Donald Trump Accuses Hillary Clinton of Accepting Money From China, Says Country Made Democratic Candidate Rich

Kat De Guzman |

Jun 23, 2016 12:56 AM EDT

Donald Trump gave a speech on Wednesday, attacking Democratic presidential candidate Hillary Clinton and accusing her of helping China in exchange for money, adding that the country has made the former Secretary of State rich.

China’s Stock Market Regulator Tightens Scrutiny on IPOs

Girish Shetti |

Jun 19, 2016 11:39 AM EDT

China's stock market regulator China Securities Regulatory Commission (CSRC) on Friday announced new set of rules for Initial Public Offering (IPO), tightening the scrutiny over IPO in a bid to weed out any unqualified share issued by new and existing companies.

China Need to Take Constructive Steps to Tackle Corporate Debt, Says Top Economist

Girish Shetti |

Jun 15, 2016 01:15 PM EDT

China's rising debt problem is considerably offset by its high saving rate, but steps need to be taken to control exceptionally high corporate liabilities, a leading government economist said on Wednesday.

China’s Central Bank Predicts 6.8 Percent Growth Rate for 2016

Girish Shetti |

Jun 10, 2016 08:06 AM EDT

The People's Bank of China is sticking to its earlier predicted growth rate of 6.8 percent despite a host of challenges confronting the Chinese economy. The central bank's growth rate is higher than the 6.5 percent projected by International Monetary Fund (IMF) and the Asian Development Bank (ADB).

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