China unveils measures to boost economy China’s central bank has announced a sweeping set of measures aimed at revitalising the country’s slowing economy. The People’s…
Browsing: China economy
Xi tackles slow growth as economy falls short of expectations China’s economy slowed down in the second quarter, growing by 4.7% and falling short of…
China’s economy has grown faster in the first quarter than expected, even as the property sector crisis deepens. Official data show GDP expanded by 5.3% in the first three months of 2024, compared to a year earlier. That beat expectations the world’s second-largest economy could see growth slow to 4.6% in the next first quarter.
A series of other measures to help tackle the economic woes were also announced, including the development of new initiatives to tackle problems in the country’s crisis-hit property sector.