Archive List for China’s economy

China’s economy slows sharply, fanning global recession fears

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AlJazeeraEnglish

China has recorded its slowest economic growth since 2020. The slump is being blamed on its zero-tolerance COVID-19 policy, which has interrupted industry and flattened consumer spending. Second-quarter GDP grew just 0.4 percent, compared to the same period last year. Economists warn the government’s full-year growth target of 5.5 percent is out of reach. Al Jazeera’s @Adrian Brown reports from Hong Kong. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ @AljazeeraEnglish #Aljazeeraenglish #News #China #Economy #Recession #COVID19

China pumps $14bn in cash into market amid Evergrande crisis

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AlJazeeraEnglish

China’s Evergrande Group – the world’s most indebted real estate developer – has offered to pay back some of its investors with some of its properties. The company has been struggling to raise funds to pay debts estimated at $300bn. If it fails it could affect China’s economy – the world’s second-largest – but China pumped more cash into its banking system on Friday to avert a liquidity squeeze. Al Jazeera’s Laura Burdon-Manley reports. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #China #Evergrande