BEIJING : A flurry of economic data from China on Monday is expected to show its post-pandemic bounce is quickly fizzling out, raising expectations that Beijing needs to unveil more stimulus measures soon to shore up activity and shaky consumer confidence.After a strong start to the year following the dis
BEIJING : A flurry of economic data from China on Monday is expected to show its post-pandemic bounce is quickly fizzling out, raising expectations that Beijing needs to unveil more stimulus measures soon to shore up activity and shaky consumer confidence.
Some economists have blamed the"scarring effects" caused by years of strict COVID measures and regulatory curbs on the property and technology sectors - despite recent official efforts to reverse some curbs to support the economy. However, that reading will be heavily skewed by a sharp slump in activity last spring, when parts of the country were in paralysing COVID-19 lockdowns.
Producer prices fell at the fastest pace in over seven years in June and consumer prices teetered on the verge of deflation, data showed earlier in the week.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wang tells Blinken to 'work with China' on improving US tiesBEIJING — Beijing's top diplomat Wang Yi has urged Washington to 'work with China' to improve ties during a meeting with United States (US) Secretary of State Antony Blinken, the Chinese foreign ministry said on Friday (July 14).
Read more »
Wang tells Blinken to 'work with China' on improving US tiesBEIJING: Beijing's top diplomat Wang Yi has urged Washington to 'work with China' to improve ties during a meeting with US Secretary of State Antony Blinken, the Chinese foreign ministry said on Friday (Jul 14).
Read more »
Xi calls for 'solid' security barrier around China's internetBEIJING: Chinese President Xi Jinping said China must build a 'solid' security barrier around its internet under the supervision of the ruling Communist Party, in his latest call to safeguard online data and information. China must persist in managing, operating and ensuring access to the internet in accor
Read more »
China launches its first open-source desktop operating system as it moves to cut use of US techThe project is Beijing’s latest move to build greater self-sufficiency amid tech sanctions by US. Read more at straitstimes.com.
Read more »
South Korea asks China to play ‘constructive role’ against North’s threatsIt is a common interest of Seoul and Beijing for North Korea to stop provocations and return to dialogue. Read more at straitstimes.com.
Read more »
Paraguay's president-elect Santiago Pena says Taiwan ties make 'more sense' than ChinaParaguay is the last remaining South American nation to recognise Taiwan over Beijing. Read more at straitstimes.com.
Read more »