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Chinese economy: Migrant workers moving out coastal cities as crisis grips Chinese economy

The Chinese economy is facing a crisis, with migrant workers, labor brokers, and shop owners moving out of coastal cities and returning home due to reduced job opportunities. The crisis began earlier this year, as China lifted its COVID-19 controls near the end of 2022. The country s economy has been struggling to stage a comeback, with President Xi Jinping acknowledging the challenges in 2023. ....

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China's latest consumption trends show lingering weakness in spending, months after Beijing lifted rigid zero-Covid-19 controls

The fundamental way to improve consumer spending on the mainland is to increase people’s income and lift their confidence. ....

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Tech war: China to host world forum on semiconductors in the shadow of Covid-19 controls, latest US hi-tech export restrictions

The 2022 World Conference on Integrated Circuits will be held from November 16 to 18 in Hefei, capital of eastern Anhui province. ....

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China stops publishing data metrics of vast domestic apps market amid declining internet service revenue, faltering economy

The omission comes at a time when China’s internet industry is struggling from decreased consumer spending and a faltering domestic economy, following a series of regulatory crackdowns. ....

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