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China is a small step away from qualifying as a high-income country by World Bank standards, but it has eschewed the label that brings greater responsibilities as many citizens still earn very little. Source link
Read More »China smartphone shipments continue to decline amid sluggish local demand
Total smartphone shipments to China reached 214.5 million units from January to October, down from 275.3 million in the same period last year. Source link
Read More »Young Chinese ‘can’t wrap head around starting a family’ as burdens pile up
As the conditions for lifting China’s dwindling birth rate have worsened, and its population nears negative growth, swelling apathy toward starting a family is complicating an already worrisome demographic crisis. Source link
Read More »China home prices fall for 11th straight month amid mortgage boycott
A 70-city index of home prices in July dropped compared with the prior month and a year ago, with lower-tier cities taking the brunt of the decline, according to the National Bureau of Statistics. Source link
Read More »China to ‘build strong dams’ to prevent, punish fraud ahead of economic census
China will officially launch its fifth national economic census next year, with the national statistics agency chief promising efforts will be made to prevent and punish data fraud. Source link
Read More »China’s rising youth unemployment prompts fresh stability calls by Beijing
Chinese Vice-Premier Hu Chunhua pushes for more effective recruitment initiatives nationwide, and he says greater job creation should occur by any means possible, even as businesses struggle to survive amid zero-Covid. Source link
Read More »Without stimulus, ‘impossible’ for China to hit annual growth target
China’s economy grew by just 0.4 per cent in the second quarter, compared with a year earlier, threatening Beijing’s annual growth target. Source link
Read More »China’s youth unemployment hits record high in June: nearly 1 in 5 out of work
China’s broader urban unemployment rate eased slightly to 5.5 per cent in June, continuing trend after touching two-year-high mark in April, but youth unemployment rate soared to 19.3 per cent. Source link
Read More »China’s chip imports shrink in first five months amid zero-Covid-19 disruptions
The decrease in semiconductor imports comes amid disruptions in manufacturing and logistics, as the government imposed rigid Covid-19 control measures. Source link
Read More »Demographers assess pace, severity of China’s ‘normalised phase of decline’
China’s population level could fluctuate around the point of growth stagnation in the coming years before it starts to decline, analysts say in light of new data showing the mainland’s overall population increased by just 480,000 people in 2021.The official numbers, released on Monday, are fuelling concerns about China’s demographic …
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