Global Public Debt to Surpass $100T in 2024
The IMF reports that global public debt is projected to exceed $100 trillion by the end of 2024, largely driven by rising fiscal deficits in the United States and China.
China - page 7
Intel Invests $300 Million in China
Intel has announced its intention to expand its chip packaging and testing base in Chengdu, a city located in the southwestern part of China and the capital of Sichuan province.
Global Economy to Maintain Stable Growth of 3.2% in 2025
The global economy is expected to perform in a “stable yet underwhelming” manner in 2024 and 2025, showing a steady growth rate of 3.2%, according to the IMF forecast.
Chinese Banks Cut Lending Rates
In China, local financial institutions have cut their benchmark lending rates after the launch of the so-called easing strategy by the Asian country’s central bank last month.
Goldman Sachs Upgrades China’s GDP Forecast
Experts at Goldman Sachs Group Inc. have revised their forecasts for China’s economic growth prospects in the current year and 2025.
China Exports Growth Demonstrates Slowdown
In China, an unexpected slowdown in export growth was recorded in September.
China to Increase Spending to Revive Economic Growth
China will significantly increase the issuance of government debt obligations to offer subsidies to people with low income, support the real estate market, which has recently been in a crisis condition, and replenish the capital of state-owned banks.
World Bank Warns of Probable Slowdown in China’s Economic Growth
The World Bank warns that the growth rate of the Chinese economic system, which is currently the second largest in the world, is likely to continue on a downward trajectory next year.
Chinese Startup Numemory Claims Memory Chip Breakthrough
The Chinese startup Numemory, which operates in the space of the semiconductor industry, presented the largest-capacity memory chip in its category, which was developed and manufactured in mainland China.
China Stocks Demonstrate Sharp Increase
On Monday, September 30, Chinese stock indexes showed the largest one-day gain in the last 16 years.
PayPal Complete Payments Launch in China
‘PayPal Complete Payments’ all-in-one platform will simplify cross-border transactions for Chinese businesses, helping them expand globally.
China Rolls Out Stimulus Package to Revive Economy
China’s central bank has unveiled a broad package of monetary stimulus measures designed to revive the world’s second-largest economy, which is currently facing insufficient factors for an upward trajectory that ensures rapid growth.
China’s Semiconductor Industry Demonstrates Moderate Movement Forward
In China, the local semiconductor industry is gradually promoting homegrown lithography tools following the specifications published by the central government of the Asian country, but analysts through the prism of skeptical perception assess the quality level of this movement forward, noting in an appropriate context that Beijing has yet to make a kind of breakthrough […]
Alibaba Rolls Out Over 100 New AI Models
The Chinese company Alibaba on Thursday, September 19, presented more than 100 new models of artificial intelligence with open-source code.
China Fines PwC for Its Role in Evergrande Collapse
In China, local regulators imposed a six-month business suspension and a record fine of 441 million yuan ($62 million) on PwC’s auditing unit in the mainland of this Asian country.
S&P Global Ratings Economist Says About China’s Ability to Deal With Property Crisis
Paul Gruenwald, global chief economist at S&P Global Ratings, says that the current state of affairs in the Chinese real estate market is the biggest factor of risk in reducing the economic growth target of this Asian country and notes that Beijing does not seem to be going to make any significant changes to overcome […]
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