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China plans to build more than 500 airports by 2020.

China to Build 500 New Airports, Boost Aviation Industry to $153B by 2020

May 19, 2016 05:45 AM EDT

China is planning to build over 500 new airports by 2020 as part of the latest plan to boost the country's general aviation industry to 1 trillion yuan ($153 billion), according to new guidelines released on Tuesday.

China allocated over 4 trillion yuan to improve its apparently well organized infrastructures.

China Allocates Over $700 Billion to Improve Infrastructure

Charissa Echavez |

May 15, 2016 11:08 AM EDT

The Chinese government has allocated 4.7 trillion yuan ($723.8 billion) to aggressively improve the country's infrastructure within three years.

China's Land Sales Saw Steep Declines

Charissa Echavez |

Apr 05, 2016 07:28 AM EDT

Sales of land in China saw a steep decline as the property industry cooled and the country faces economic slowdown, the Ministry of Finance said on Tuesday.

ADB predicts China's growth will decline by 6.5 and 6.3 percent in 2016 and 2017, respectively.

ADB Predicts China's Growth to Plummet by 6.5 Percent in 2016

Charissa Echavez |

Mar 31, 2016 08:34 AM EDT

China's growth will plummet by 6.5 percent in 2016 and further reduce to 6.3 percent in 2017, according to the annual economic outlook released by the Asian Development Bank (ADB) on Wednesday, further cautioning the country's huge industrial overcapacity.

China to stop construction of coal-powered plants

China to Stop Construction Coal-Fired Power Plants

Charissa Echavez |

Mar 25, 2016 08:41 AM EDT

China will halt coal-fired power plant construction in 15 regions to address a capacity glut in the industry, China's energy regulator confirmed on Thursday.

China is facing a staggering amount of $570 million of unpaid bills as companies now take as long as 83 days to receive complete sales

China has $570M Worth of Unpaid Bills

Charissa Echavez |

Mar 21, 2016 07:46 AM EDT

China is facing a staggering amount of unpaid bills as Chinese firms are having a hard time collecting payments from customers.

Chinese miners gather in a protest against back pay and false governor's claim

Chinese Miners Protest Over Unpaid Wages, Governor's False Claim

Charissa Echavez |

Mar 14, 2016 09:38 AM EDT

Thousands of Chinese miners marched and gathered to stage a rare protest in a northeastern city over claims that they have not yet received any compensation for months and that the province's governor has reportedly made a false claim about their back compensations and wages cut down.

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.

China's coal and steel sectors are expected to layoff 1.8 million workers

China to Layoff 1.8 Million Workers From Coal, Steel Sector

Charissa Echavez |

Feb 29, 2016 12:18 PM EST

China is expected to lay off 1.8 million workers from its coal and steel sector to lessen industrial overcapacity but no definite timeframe has been given, an official from the ministry of human resources and social security revealed on Monday.

China experiences drastic decline on working-age population

China's Work Force Sees Deepest Plunge In Modern History

Charissa Echavez |

Jan 22, 2016 07:25 AM EST

In 2015, China experienced the deepest plunge in its working-age population in the country's modern history. The downward trend is getting demographers and economists anxious.

China Admits Economy Is Hurting

Desiree Sison |

Mar 31, 2015 05:20 AM EDT

China has admitted that its economy is hurting with the country's growth rate experiencing a rough slowdown that significantly needs a major intervention