[ad_1] BEIJING: China’s economy grew 6.3% in the second quarter of the year after near-stagnant growth a year earlier, missing analyst expectations even as momentum is expected to weaken in the coming quarters.The 6.3% growth in China’s gross domestic product from April to June compared to the same period in 2022 was the fastest in … Read more
[ad_1] BEIJING: Expansion in China’s services industry slowed in June from the previous month, according to a private survey, providing more evidence that the key driver of the country’s post-Covid recovery is cooling.The Caixin China services purchasing managers’ index declined to 53.9 from 57.1 in May, Caixin and S&P Global said in a statement Wednesday, … Read more
[ad_1] SHANGHAI/SINGAPORE: China’s central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged on Monday, as expected, but markets expect monetary easing may be inevitable in the coming months to support the economic recovery.The People’s Bank of China (PBOC) said it was keeping the rate on 125 billion yuan ($18.08 billion) … Read more