Economy


Economic recovery remains on track

CHINA’S economic activities remain on track for recovery as the latest data revealed an accelerated resumption across the board. But the economy still faces challenges from the global spread of the novel ...

June 16, 2020, Tuesday


China’s May CPI moderates to 2.4%

CHINA’S consumer inflation eased in May on retreating food prices while factory prices continued to drop, official data showed yesterday. The Consumer Price Index, a main gauge of inflation, rose by a ...

June 11, 2020, Thursday


Shanghai’s GDP falls 6.7% in Q1, tech bucks the trend

SHANGHAI’S gross domestic product declined 6.7 percent in the first quarter amid the COVID-19 pandemic, though industries led by the digital economy bucked the trend, according to Shanghai Bureau of Statistics. ...

April 21, 2020, Tuesday


China GDP contracts 6.8% in Q1, expects rebound

CHINA’S gross domestic product contracted 6.8 percent year on year in the first quarter, revealing for the first time the near-term impact of the COVID-19 pandemic on a major economy. The country’s economic ...

April 20, 2020, Monday


IMF expects output to shrink by 3%

THE coronavirus pandemic is pushing the global economy into its deepest recession in a century, cutting world output by 3 percent this year, the International Monetary Fund said yesterday. If the virus ...

April 15, 2020, Wednesday


Oil prices fluctuate despite deal on production cuts

OPEC, Russia and other oil-producing nations on Sunday finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the ...

April 14, 2020, Tuesday


Shanghai unveils plan for online economy

SHANGHAI authorities yesterday announced its latest action plan to promote online economy, which has been thriving during the COVID-19 outbreak. The action plan focuses on 12 core areas, including unmanned ...

April 14, 2020, Tuesday


Measures to promote economy rolled out

THE Shanghai government has rolled out 20 new measures to expand investment and promote the economy, the city’s development planner said yesterday. The measures focus on major projects, expanding government ...

April 13, 2020, Monday


WTO predicts global trade to plummet by up to a third

GLOBAL trade is expected to plummet by up to a third in 2020 due to the coronavirus pandemic, the World Trade Organization said yesterday, warning that the numbers would be “ugly.” “World trade is expected ...

April 9, 2020, Thursday


Europe feuds over aid package

EUROPEAN governments remained at loggerheads yesterday over measures to help the economy weather the coronavirus outbreak, breaking off a meeting of finance officials who clashed over aid conditions and ...

April 9, 2020, Thursday




 

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