China Economy News - Latest Updates & Headlines
UN forecasts global economic growth to drop to 2.4% in 2025, China's economy to 4.6%
New York, May 16: The global economy is under growing pressure, with growth expected to slow to 2.4 per cent in 2025, down from 2.9 per cent in 2024, according to the UN's World Economic Situation and Prospects report.
Some nations like China may devaluate their currencies: Neelkanth Mishra on US tariffs
New Delhi, April 7: As the US reciprocal tariffs hit global markets, Neelkanth Mishra, chief economist at Axis Bank, said on Monday that some countries like China will have no option but to devalue their currencies in the current scenario.
Digitisation, reforms, financial inclusion among factors in India doubling its GDP in 10 years, say experts
New Delhi, March 22: Digitisation, reforms, financial inclusion are among several factors that have contributed to India's economic growth over the past decade, economists have said as IMF data, cited by BJP leader Amit Malviya, showed that the country doubled its GDP from USD 2.1 trillion in 2015 to USD 4.3 trillion in 2025.
China targets 7.2 percent defence budget hike, 5 percent growth despite trade war with US
Beijing, March 6: Even as China faces a potential Trade War over tariffs with the United States, Beijing has pledged to make domestic demand its main economic driver. It has its annual growth targets to about 5 percent, and along with that, it has called for a 7.2 defence budget hike due to rising regional tensions.
US trade tariffs: Domestic challenges remain for China amid high uncertainty
New Delhi, Feb 27: As countries devise new strategies to address trade tariffs imposed by the US government, domestic challenges still remain for China like slow growth in the property sector amid weak consumption, according to a report on Thursday.
Chinese economy much weaker now to withstand tariffs: Moody's
New Delhi, February 3: China's economy is in a much weaker position "this time around" and it will be "substantially harder" for it to withstand a barrage of the US tariffs, Moody's Analytics said.