Hunan Xinwei Bags Company, a manufacturer of knapsacks and handbags, is struggling to survive. The Chinese economy is slowing. Wages are rising amid a shortage of blue-collar workers. And competition from countries like Vietnam is growing. But what has really hurt Hunan Xinwei in recent months has been a credit squeeze facing small and medium [...]
China’s economy grew at its slowest pace in 18 months at the start of 2014, but did a touch better than expected and showed some improvement in March, suggesting Beijing will not rush to follow up recent steps to support activity. Authorities have ruled out major stimulus to fight short-term dips in growth, signaling the [...]
The Obama administration is raising concern about the value of China’s currency but is declining, as in recent years, to accuse Beijing of manipulating it. The administration also expressed concern Tuesday about South Korea’s actions in currency markets and about countries that use the euro and have wide trade surpluses. The Treasury Department said China’s [...]
Chinese President Xi Jinping held the first meeting of a new national security commission on Tuesday, saying China needed a coordinated approach to domestic and foreign challenges, including social unrest, in “the most complex time in history”. China announced the formation of the commission in November at the end of a key party meeting to [...]
Wu Xuesong, a professor in this city on the Yangtze, says he doubled his money on an apartment he bought as an investment some years back and is ahead on a second. Buy a third? Forget it. Mr. Wu slides open a dining-room window and points to the dark shadow of a new apartment complex, [...]
China’s loss of economic momentum in the first quarter was deeper than the most widely-cited data will show, according to analyst forecasts for a gauge that’s gaining increasing recognition. Gross domestic product grew a seasonally adjusted 1.5 percent from the previous three months, according to the median estimate in a Bloomberg News survey ahead of [...]
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