China’s economic challenges deepened in August, with consumption, industrial activity, and investment all showing signs of continued softening. Economists are increasingly warning that time is running out for significant government stimulus to revitalize growth and ensure the nation meets its annual economic targets. The urgency for action has been heightened by the new barriers facing...
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China’s Foreign Trade Growt 2024 hit 6.2%, Boosted by Domestic Demand and Global Rebound
China’s foreign trade growth in 2024 reached a total of 24.83 trillion yuan ($3.46 trillion) in the first seven months, marking a 6.2 percent increase compared to the same period last year, according to data released by the General Administration of Customs (GAC) on Wednesday. Lyu Dailiang, spokesperson for the GAC, highlighted that China’s economic...