CHINA TOPIX

03/29/2024 02:55:50 am

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However, its financial and real estate sector could not keep up the pace.

China’s Financial and Real Estate Sector Report Slower Growth in the Fourth Quarter

China reported better-than-expected economy growth rate during the fourth quarter of 2016. However, its financial and real estate sector could not keep up the pace. The overall economy grew by 6.8 percent during the last quarter of the previous year.

The fourth quarter spurt in the growth rate is the first instance in two years that China has experienced an uptick in growth.

Chinese Economy Grew by 6.8 Percent in the Fourth Quarter of 2016

China posted an unexpected surge in its growth rate during the fourth quarter of the previous year. Surpassing official estimates of 6.5 percent growth, the country's economy experienced a 6.8 percent growth. However, risks related to debt and asset price inflation persist.

China, Economy

Fitch Reveals That China may Have a '$2 Trillion Black Hole' in its Economy

International rating agency Fitch has released a report indicating that the Chinese economy may be riddled with toxic loans worth 10 times the official estimates. The report further indicated that resolving the issue may lead to a capital shortfall worth $1.1 to $2.1 trillion, constituting 11 to 20 percent of the Chinese economy. China is currently rated as A+ by Fitch Ratings.

China reports higher business confidence index for third quarter

China Reports Higher Business Confidence Index in the 3rd Quarter of 2016

A survey by the People's Bank of China shows that business confidence among Chinese entrepreneurs increased in the third quarter of this year.

China Health

World Bank Releases Report on China's Healthcare System, Says Beijing can Save 3% of GDP With Deeper Health Reforms

The World Bank on Friday released a new report on China's health care system.

China Economy

China Think-Tank Lowers 2016 Economic Forecast

China's economic growth this year will be dragged down by the slower than expected global demand recovery, according to the China International Capital Corp (CICC).

China's Recurring Debt Could Lead to Financial Outburst

China's Unsustainable Debt can Lead to Financial Outburst in the Long Run: Experts

China's total debt increased to 249 percent of its gross domestic product (GDP) in the first quarter of this year. According to some economists, this could result in a prolonged slowdown of the country's economic growth.

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