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Stay current with all the latest and breaking news about China Economy, compare headlines and perspectives between news sources on stories happening today. In total, 1,376 stories have been published about China Economy which Ground News has aggregated in the past 3 months.
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Trade · BeijingChina and Russia are ditching traditional banking for digital payments in their trade dealings. Sanctions on Russia have made banking a nightmare, with some transactions taking months to clear. This hassle has pushed both countries to explore quicker, more efficient digital alternatives. Qifa, a digital platform operating in Beijing and Moscow, has become a key player in this. Reportedly, they recognized that using digital payments, including …See the Story
China and Russia adopt digital payments for trade
Finance · ChinaChina's economy is sluggish, and local finances are struggling. Recently, civil servants from many continents have complained on social media that their wages will be reduced overall by 30% per person. Netizens are discussing the “iron rice bowl” will not be guaranteed. A thousand layer waves were stirred up for a while. According to the V of the University of Finance and Economics, the expulsion and abolition of civil servants is inevitable, an…See the Story
Analysis that civil servants' wages will drop drastically: due to a decline in local finance
Economy · ChinaThe rally for commodities this year has nearly fizzled out, with a slowdown in China’s economy fueling worries about demand for oil, copper, and other commodities — putting traders on alert over a potential repeat of China’s 2015 stock market crash and global slump in commodities.See the Story
Commodity markets fear a repeat of China’s 2015 economic slowdown
100% Center coverage: 1 sources
Economy · China(Bloomberg) — China’s struggle to kick start its stuttering economy has spawned forecasts of weaker fuels consumption during the rest of this year, darkening the global demand outlook for oil.See the Story
China's Low-Gear Economy Dims Global Outlook For Oil
100% Right coverage: 1 sources