China’s economic growth is sputtering. The official forecast of six percent to 6.5 percent is the slowest on record, and the 6.2 percent growth actually reported in the second quarter is the weakest since the government began releasing quarterly data in 1992.
Chinese Premier Li Keqiang on Tuesday pledged to an assembly of global business leaders and government representatives that Beijing will push to create an equal playing field in the country for all companies.
China’s stimulus-boosted private sector is on track to lead the economy to a ‘self-sustained recovery’ that could see growth hit 6.6 percent this year, according to HSBC (Hongkong and Shanghai Banking Corporation).
Central China's Henan Province lifted more than 1.2 million people out of poverty last year, with its poverty headcount ratio dropping from 2.57 percent in 2017 to 1.21 percent, a provincial official said on Tuesday.
China reported better-than-expected industrial output and retail sales but a key investment gauge fell to a fresh record low, highlighting the challenges facing Beijing as it tries to support the economy in the face of rising US tariffs.