China's factories increased production and retail sales improved in August, indicating a gradual economic recovery from the pandemic's impact
China's factories increased production and retail sales improved in August, indicating a gradual economic recovery from the pandemic's impact
The property sector remains weak, with an 8.8% decline in real estate investment in August, worsening throughout the year
The People's Bank of China reduced reserve requirements for most lenders by 0.25 percentage points to stimulate lending and support economic recovery
Retail sales in August rose by 4.6% year-on-year, as consumers cautiously resumed spending despite the pandemic
Industrial output grew at a 4.5% annual rate in August, the fastest since April
The National Bureau of Statistics spokesperson noted improvements in major economic indicators but highlighted lingering external uncertainties and weak domestic demand
Fiscal support helped boost investment, and there was a notable increase in consumer spending
China's economy expanded by 0.8% in the second quarter of 2023, down from 2.2% in the first quarter
Youth unemployment reached a record high, affecting consumer spending negatively
Beijing's efforts to stimulate the economy and stabilize financial markets are showing signs of success, leading to growing investor optimism