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China’s Exports Declines for Second Straight Month Due to Weak Global Demand

Jun 08, 2016 02:16 PM EDT

China's exports declined in May for the second straight month; imports also declined moderately as weak global demand continued to drag down the world's second largest economy.

China Plans to Relocate 2 Million Poor People to Tackle Poverty

Girish Shetti |

May 10, 2016 06:30 PM EDT

In a bid to overcome its decades-long problem of poverty, this year China will relocate nearly two million people from poverty ridden areas to more developed urban areas. The announcement was made by a leading Chinese official on Tuesday.

China’s Export And Import Numbers in April.

After Brief Recovery in March, China’s Exports Declines Marginally in April

Girish Shetti |

May 08, 2016 07:40 AM EDT

China's exports declined marginally in April as weak global demand continues to weigh on the export industry of world's second largest economy.

Financial Inequality in India and China.

China and India Have Highest Level of Financial Inequalities in Asia: IMF Report

Girish Shetti |

May 05, 2016 12:50 PM EDT

Despite being among the fastest growing economies, India and China have the highest levels of financial inequalities in Asia, the International Monetary Fund (IMF) has said in a report.

China's Manufacturing PMI Drops in April

Girish Shetti |

May 03, 2016 07:32 AM EDT

Manufacturing activities in China declined further in the month of April, according to a private survey conducted by Caixin magazine, a leading business and finance magazine in China.

China’s Non-Manufacturing PMI Marginally Drops in April

Girish Shetti |

May 01, 2016 07:22 AM EDT

China's non-manufacturing Purchasing Managers Index (PMI) marginally declined in April to 53.5 from 53.8 in March, the National Bureau of Statistics (NBS) said on Sunday. The non-manufacturing PMI is a measurement of factory activities outside factory floors, mainly in service and real estate sectors.

India Overtakes China in FDI Race in 2015: Report

Girish Shetti |

Apr 23, 2016 06:42 PM EDT

India surpassed China to emerge as the top destination for foreign direct investment (FDI) in 2015. India attracted $63 billion worth of foreign investment last year, according to FDI Intelligence - a unit of the Financial Times group.

Survey reveals Chinese shoppers will spend more on premium items

Chinese Consumers to Spend More on Premium Products

Charissa Echavez |

Mar 22, 2016 06:13 AM EDT

Consultancy firm McKinsey & Co. revealed that Chinese shoppers will increase their spending by 10 percent this year until the end of the decade as their wages increase. More than half of the consumers are anticipating a salary hike over the next five years.

Thousands of Coal Miners Protest in Heilongjiang Province Over Unpaid Wages

Girish Shetti |

Mar 14, 2016 03:12 PM EDT

Thousands of coal miners took to streets in Heilongjiang province over the weekend to protest against unpaid wages as Chinese authorities start restructuring state-owned coal and steel plants to combat the ongoing economic slowdown.

Chinese Scientists Work At National Lab Of Medical Genetics Of China

China’s Tech Sales Reach 983.5 Billion Yuan in 2015

Cyrus Omega |

Mar 14, 2016 08:51 AM EDT

China's technology transactions went as high as 983.5 billion Yuan in 2015 said Wan Gang, the minister of Science and Technology on Thursday, March 10, 2016. This is 55.3 percent of the country's total economic growth.

New CSRC Chief Defends Government Policies, Pledges Sustained Support for Stock Markets

Girish Shetti |

Mar 14, 2016 12:40 AM EDT

In his first ever press conference, China's newly-appointed stock market chief has tried to calm nervous investors as he pledged sustained government support for the country's plummeting stock markets. Liu Shiyu, the CSRC's new chief, also promised timely intervention should market volatility return back to stock markets again.

China is planning to control its coal production in order to contain environmental pollution in the country.

One of China's Largest Steelmakers Plans to LayOff 50,000 Workers

Girish Shetti |

Mar 11, 2016 12:24 PM EST

Wuhan Iron and Steel, one of China's largest steelmakers, plans to lay off 50,000 workers, the company's chairman Ma Guoqiang said, as China begins to restructure state-owned steel and coal factories. The plan is likely result in a total of 1.8 million job cuts.

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.

China’s Exports in February Declines Steeply, Drops by 25.4%

Girish Shetti |

Mar 08, 2016 11:27 AM EST

China's trade performance in the month of February turned out to be worse than most economists and analysts had anticipated, with exports declining to the lowest since May 2009.

Chinese Stock Market Ends on High After Leadership's Assurance of Economic Growth

Girish Shetti |

Mar 08, 2016 07:00 AM EST

Chinese Stock Market rallied on Monday for fourth straight day, as investors took cue from positive statements made by Chinese leadership at National People's Congress Parliament over the weekend.

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