China’s strong economic resilience is to lend support for the automobile industry, According to the data released by the China Association of Automobile Manufacturers on Wednesday, carmakers in China churned out more than 2.23 million cars in April, up 6.3 percent on a yearly basis. Meanwhile, the number of cars sold increased 8.6 percent on […]
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Stay-at-home economy to shine in Lunar New Year holiday
The blossoming stay-at-home economy is likely to break new ground for growth and market size in China, as people have been encouraged to stay where they are for the annual Spring Festival holiday to stem the spread of the COVID-19 epidemic. “I’ve bought a lot of food and snacks online, and will probably spend most […]
China’s economy may expand by 9 percent in 2021, helping to overtake the US sooner
China’s economic growth could reach as high as 9 percent next year, and its rapid rebound from the coronavirus pandemic may help the economy overtake the US to become the world’s largest later this decade, analysts said. But Beijing is likely to roll back some of its stimulus measures used to offset the coronavirus damage […]
China’s economy continued strong recovery from coronavirus shock in July, but challenges remain
Buoyed by a construction boom, China’s economic recovery continued apace in July, new sentiment data suggested. The official manufacturing purchasing managers’ index (PMI) for July stood at 51.1, with a reading above 50.0 suggesting expansion in factory output. This was slightly better than June’s reading of 50.9 and was better than analysts’ expectations, with the median […]