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It’s a far cry from global financial meltdown of 2008, when China launched the largest stimulus package in the world and was the first major economy to emerge from the crisis.
China’s economy is in trouble. That’s bad news for US stocks, and potentially for your portfolio. What’s happening: Chinese consumer spending, factory production and investment in long-term ...
Property sector crisis. In August 2020, the Chinese government enacted new regulations on the amount of debt property developers can incur. The new regulations affected Evergrande Group, China's second-largest property developer, and the Chinese real estate market as a whole. [5] In addition, the Chinese shadow banks, such as Sichuan Trust ...
YouTube was first blocked in China for over five months from October 16, 2007 [ 7] to March 22, 2008. [ 8] It was blocked again from March 24, 2009, although a Foreign Ministry spokesperson would neither confirm nor deny whether YouTube had been blocked. [ 9] Since then, YouTube has been inaccessible from mainland China. [ 10]
Internet censorship and surveillance has been tightly implemented in China that block social websites like Gmail, Google, YouTube, Facebook, Instagram, Twitter, and others. The excessive censorship practices of the Great Firewall of China have now engulfed the VPN service providers as well. [clarification needed]
Data from China's National Bureau of Statistics showed the economy grew 4.5% in the first quarter and 6.3% in the second, with gross domestic product up just 0.8% in April-June from the previous ...
China's was the only major world economy to experience GDP growth in 2020, when its GDP increased by 2.3%. [ 95] However, it posted one of its worst economic performances in decades because of COVID-19 in 2022. [ 96] In 2023, IMF predicted China to continue being one of the fastest growing major economies. [ 97]
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