China’s factory activity cools in April as recovery challenges loom FMTNews FMTBusiness
BEIJING: China’s manufacturing activity contracted in April, official figures showed today, due to tapering global demand and slow domestic recovery after Covid-related curbs were lifted.
But the world’s second-largest economy is also beset by a series of other crises, from a debt-laden property sector to flagging consumer confidence, global inflation, the threat of recession elsewhere and geopolitical tensions with the US. The government has set a comparatively modest growth target of around five percent this year, a goal Premier Li Qiang has warned could be hard to achieve.
“Economic transition and upgrading face new headwinds, and hardships … are still to be overcome to promote high-quality development.”Beijing has promised further state support for the private sector, which is still reeling from a regulatory crackdown on the property, technology and private education industries.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China factory activity cools in April as recovery challenges loom | The Malaysian InsightManufacturing purchasing managers’ index falls to 49.2 from 51.9 in March.
Read more »
Kedah Sultan to grace Malaysia Madani Aidilfitri Open House on April 29, says FahmiKUALA LUMPUR: The Sultan of Kedah Sultan Sallehuddin Sultan Badlishah will grace the Malaysia Madani Aidilfitri Open House to be held in the state on Saturday (April 29).
Read more »
Best mobile prepaid plans for the budget-conscious as of April 2023 | TechNaveHey readers, it's the end of April so we're back with our monthly compilation. As usual, we're starting off with the list of best mobile prepaid plans. Here are
Read more »
Spain, Portugal swelter as April temperature records brokenSpain’s southern city of Cordoba registered 38.8 Celsius at its airport yesterday, beating the previous record of 38.6 C in the eastern city of Elche in 2011 theSun theSundaily HeatWave temperature Heat Spain Europe
Read more »
AGExpo and HOMEDEC at KL Convention Centre (April 28-May 1)KUALA LUMPUR: A new era in senior care was unveiled at AGExpo, held concurrently with the Home Design and Interior Exhibition (HOMEDEC) at the Kuala Lumpur Convention Centre (April 28-May 1).
Read more »
Best mobile postpaid plans for those on a budget as of April 2023 | TechNaveHi folks, now that we've covered our monthly compilation for mobile prepaid plans, let's move on. Next, we'll be listing down the best mobile postpaid
Read more »