New Delhi, April 2 (IANS) China’s official headline growth figures are fake and the country’s economy is headed for a major danger from its mounting bad debt and a rapidly ageing population, a new report has said.Japanese news site Nippon.com said in the report cited US think tank Rhodium Group estimates that true growth of the Chinese economy is closer to 2.5–3.0 per cent rather than the Chinese government’s real GDP growth figures for 2025 at 5 per cent.It also cited some China-watchers wh…
Latest Chinese Economy News & Updates
New Delhi, March 2 (IANS) Price wars are taking a heavy toll on China’s corporate sector as profits are being sharply eroded in the fierce competition to grab a share of the dwindling market pie amid excess production capacity. This is also resulting in the dumping of cheap Chinese goods in overseas markets.Intense, cutthroat competition is forcing companies to slash prices relentlessly, even when they can’t cover their costs, according to an article published in The Wire China Podcast.In ma…
New Delhi, Jan 11 (IANS) While China has accumulated a massive trade surplus of $1 trillion which is often seen as a reflection of the Asian giant as a manufacturing powerhouse, the truth is that it is also an indicator of weak domestic demand, a weakening Chinese currency, and a slowing economy, according to an article.The International Monetary Fund has warned China against economic imbalances. A country of 1.4 billion people is too big to rely only on exports to ensure a high growth rate, IMF…