Numerous stressors are causing China’s middle class to seek professional help, leading to rapid growth in the mental health industry – but will that be enough to soothe their nerves?
Predictions China would have already joined the group of high-income nations have yet to bear fruit. Is it still possible to break through the middle-income ceiling – and is it still an important benchmark?
China’s yuan has lost more value against the US dollar as interest rate cuts have yet to materialise, leading exporters to find whatever alternative assets they can until exchange differentials subside.
The People’s Bank of China has indicated its approval for trading treasury bonds on the secondary market, signalling more robust action to boost liquidity and fuel growth is no longer out of the question.
Official manufacturing purchasing managers’ index rebounds to 50.8 in March, crossing into expansion territory after five months of contraction, but scepticism about world’s No. 2 economy looms due to property woes and local debt.