China and the UAE want to expand cooperation through investments in the Pacific islands and Africa, said Hong Kong-based consul general Shaikh Saoud Ali al-Mualla, while also increasing use of the yuan.
Defaults by Chinese borrowers have hit a record high post-pandemic, with 8.54 million individuals blacklisted from economic activities. This surge, up from 5.7 million in 2020, represents about 1% of China s working-age adults. Concurrently, China faces deflationary pressures, with consumer prices falling rapidly in November. The World Bank predicts China s economic slowdown in 2024, marking a departure from its previous status as a global growth driver. Meanwhile, India, perceived as China s replacement, must focus on consistent growth through manufacturing and exports.
China's consumer prices fall fastest in three years inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
Gold and silver prices fell further on Monday, dropping 8.5% and 13.6% from last week s sudden spike as China s deflation deepened and the Shanghai gold premium rose
The consumer price index (CPI) dropped 0.5% both from a year earlier and compared with October, data from the National Bureau of Statistics (NBS) showed on December 9.