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Analysts say China’s central bank, with an eye on the yuan’s stability, could let it weaken gradually, but such a move ‘could backfire to some degree’.
Creating enough jobs for its young people remains a daunting challenge for Beijing, with the key private sector struggling to shake off scars of the coronavirus pandemic.
A private survey of China’s services sector showed activity expanded at the slowest rate this year in August, as the economy’s darkened outlook and ongoing property turmoil hold people back from spending.
Chinese leaders face pressure to shore up a slowing economic recovery and generate jobs...
The world's second largest economy is nonetheless troubled by a slew of other difficulties, ranging from a debt-ridden property sector to dwindling consumer confidence, global inflation, and the possibility of recession overseas