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Otis Worldwide posted a larger-than-expected drop in new-equipment sales during the recent quarter, prompting the elevator maker to lower its full-year sales forecast.
Once the symbol of unstoppable growth, China’s economy now faces a period of adjustment marked by uncertainty and structural ...
China has yet to see an economic rebound back to pre-pandemic, and that will likely remain true in 2024. The Conference Board forecasts GDP growth to decelerate to 4.1% in 2024, down from an ...
While Moody’s affirmed China’s A1 long-term local and foreign-currency issuer ratings on Tuesday — saying the economy still has a high shock-absorption capacity — it said it expects the ...
China’s Economic Outlook: Pep Talks Up Top, Gloom on the Ground. Beijing has characterized concerns about the economic slowdown as being inflated by Western critics.
Other recent data also showed South Korean exports to China, a leading indicator of China’s imports, were down 26.5% in April, continuing 10 consecutive months of decline.
China’s economy had a miserable year. 2024 might be even worse Analysis by Laura He, CNN 6 minute read ... The IMF has also become gloomier about the longer-term outlook.
China could take steps to prop up its economy, but that would leave it vulnerable to a 'Lehman moment,' economist says. Phil Rosen. 2023-12-28T11:05:01Z ...
Just how badly is China’s economy doing? And what does that mean for everyone else? Long a juggernaut, China is clearly slowing. It will likely miss its 5% GDP growth target for this year ...
China's Q2 GDP shrinks from Q1, Y/Y growth slows sharply; Widespread COVID lockdowns hammer industrial activity, demand; June shows bounce in activity, but global risks darken outlook ...
China's on the move again, economic outlook brightens. By Ellen Zhang and Kevin Yao. January 13, 2023 1:33 AM UTC Updated January 13, 2023 People wearing face masks walk on a street ...
China's economy has yet to fully bounce back from its stringent lockdowns of the pandemic. And according to the Conference Board's China Center for Economics and Business, the growth struggle will ...