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SYDNEY: Asian shares pared early losses on Monday as data confirmed China's economy had bounced back last quarter as factory output jumped, helping partially offset recent disappointing news on U.S. consumer spending.
BEIJING, Jan 18 (AP): China’s economy grew 2.3% in 2020 as a recovery from the coronavirus pandemic accelerated while the United States, Europe and Japan struggled with disease flare-ups.
That the Singles Day annual e-shopping festival has set records with Tmall reporting total sales revenue of 498.2 billion yuan ($75.26 billion) and JD of 271. 5 billion yuan indicates the Chinese economy is on the fast track to recovery on the back of rising consumption.
BEIJING: The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 51.5 in September, up from 51 in August, the National Bureau of Statistics (NBS) said.
BEIJING (Sept 30): A total of 63.4% of people in a survey 10 days ago believe that China's economy will recover to its pre-epidemic situation within a year, and Beijing’s efforts to fight the Covid-19 epidemic have lifted public confidence and strengthened national solidarity, according to state-owned news portal Global Times.
SAN FRANCISCO: The global rating firm S&P Global Ratings has revised up its forecast of China’s growth to 2.1% from 1.2% this year, supported by the strong recovery in the second quarter, according to a report released yesterday.
WASHINGTON, Aug 29 (Xinhua): China and the United States are closely connected economically, and an economic decoupling is "a long way away," said Eswar Prasad, former head of the International Monetary Fund's China division, earlier this week.
KUALA LUMPUR: IFCA MSC Bhd posted net profit of RM3.67mil in the second quarter ended June 30,2020 mainly due to rapid recovery in China economy and lower overall operating costs despite lower revenue.
NEW DELHI -- India's health ministry announced on Monday that the country's COVID-19 cases have surpassed 1.8 million, reaching 1,803,695.