The Beijing Stock Exchange (BSE) may become another “rotten tail” venture under the Xi Jinping administration, a senior financial expert says. The Chinese catchphrase refers to a failed or unfinished task, usually as a result of ill-conceived planning or poor execution. Trading volume on the BSE continued to decline in 2023, with daily turnover of…
CCP Now Scrambles to Save Economy After 3 Years of Extreme COVID-19 Restrictions Fail to Prevent Outbreak
December 29, 2022
admin
Asia & PacificCCP VirusChinaChina Business & Economychina economic riskschina economy slowsChina real estateChinese RegimeINSIDE CHINAWorld
0 Comment
The Chinese Communist Party (CCP) held an economic work conference in Beijing a week after its sudden abandonment of “zero-COVID” amid exponentially increasing citizen reports of COVID-19 cases and deaths. During the meeting, Chinese leader Xi Jinping stressed the need to “vigorously boost market confidence” while expressing strong support for the country’s private sector. Beijing announced…
Nearly 30 Percent of China’s Textile Enterprises Lost Money, Total Profits Dropped 20 Percent
Data shows that in the first five months of this year, nearly 30 percent of enterprises in China’s textile industry operated at a loss, and the total profit of enterprises decreased by nearly 20 percent compared with the same period last year. According to data released by China National Textile and Apparel Council this month,…
Can China’s Economy Survive the Nearshoring Trend?
Commentary The negative news about the Chinese economy seems to flow from a bottomless well these days. As if the ongoing Evergrande default and the looming shadow debt crisis weren’t enough for the Chinese Communist Party (CCP) to worry about, the world now finds itself in the worst supply chain crisis in modern history. The…
China’s Famous New Plan Has Begun to Stifle Growth
Commentary As readers of this column ought to know, China’s economy has a lot going against it these days. Prominent among its growth impediments are COVID-19, aging demographics, and a shift in the West to source in other economies. Now evidence has begun to pile up that Beijing’s “Made in China 2025” plan, with its…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`