A lot of the country's foreign-exchange reserves don't show up in the official books of the People's Bank of China, the former US trade and Treasury official wrote in a report
Firms in 9 out of 13 sectors reported an increase in payment delays, led by agri-food, which recorded the largest increase of 43 days, followed by wood, transport, and textile.
China has set its economic growth target at around 5.5 per cent in 2022 as the country's lawmakers and political advisors gathered in Beijing to map out development priorities for this year
China to unveil bigger tax and fee cuts this year and step up payments to local governments to offset their hit to revenues, Finance Minister Liu Kun said, amid efforts to support a slowing economy.
China has undergone history-making transformation since the last time it was an Olympic host in 2008: It is richer, more heavily armed and openly confrontational.
China's economy grew by 8.1% in 2021 after an abrupt slowdown in the second half that is prompting suggestions Beijing needs to shore up slumping growth.
Activity in China's services sector expanded at a faster pace in December amid higher demand and easing inflationary pressure, a private sector survey showed
China's economic growth has been given a bleak picture by World Bank's report on Wednesday as the world's second-largest economy faces mounting headwinds
China's economy is expected to grow around 5.3% in 2022, bringing the average annual growth rate forecast for 2020-2022 to 5.2%, the Chinese Academy of Social Sciences, a top govt think tank, said
The Caixin/Markit services PMI fell to 52.1 in November from 53.8 in October, but remained above the 50-point mark that separates growth from contraction on a monthly basis
Growth in new orders cooled in October, as the index retreated to 51.6 from 52.2. New export orders were 49.9 in October, pointing to a contraction, from 50.2 in September.
