Low Consumer Spending in China Hinders Economy there and Abroad

U.S. Treasury Secretary Janet Yellen has joined several independent economists to express her frustration about low consumer spending and the property crisis in China. Some experts have expressed disappointment over Beijing’s limited measures to stimulate consumer spending, which is one of the biggest hurdles in the Chinese economy. “Our view has been that raising consumer […]

China Stock Market Stalls for Lack of Further Stimulus Measures

TAIPEI, Taiwan —China’s stock rally resumed Tuesday after the weeklong National Day holiday but lost some steam on mainland markets after a press conference by the country’s economic planning agency disappointed hopes for more fiscal stimulus measures. In Hong Kong, the day ended with chunky losses of nearly 10%. Early in the day, the Shanghai […]

China Unveils a Series of Measures to Revive its Economy

China’s central bank has unveiled a major package of measures aimed at reviving the country’s flagging economy. People’s Bank of China (PBOC) Governor Pan Gongsheng announced plans to lower borrowing costs and allow banks to increase their lending. The move comes after a series of disappointing data has increased expectations in recent months that the […]

China’s Summer Movie Ticket Sales Nearly Halved Amid Sluggish Economy

By Lin Nai-Chuan WASHINGTON —Movie ticket sales in China have generated more than $1.5 billion so far this summer, a little more than half of last year’s record total of $2.89 billion, according to China’s Film Data Information Network, an institution directly under the Central Propaganda Department. Summer is usually one of three lucrative periods […]

China’s Real Economic Crisis

By Zongyuan Zoe Liu Why Beijing Won’t Give Up on a Failing Model The Chinese economy is stuck. Following Beijing’s decision, in late 2022, to abruptly end its draconian “zero COVID” policy, many observers assumed that China’s growth engine would rapidly reignite. After years of pandemic lockdowns that brought some economic sectors to a virtual […]

The U.S.-China Economic Competition

VOA News correspondent Kane Farabaugh travels to Purdue University to report on the depth of economic competition between the United States and China. Both countries are vying for global dominance. This week on VOA News’ The Inside Story : Competing with China.

IMF Predicts China Economy Slowing Over Next Four Years

By Evie Steele WASHINGTON —The International Monetary Fund says China’s economic decline is likely to continue over the next four years as the world’s second largest economy deals with a range of challenges from a rapidly aging population, higher unemployment and a property crisis. In a report released on Friday, the global financial policy body […]