April 19, 2024 23:13 (IST)
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Worsening economy: Jobless Chinese man turns to car boot sales

Worsening economy: Jobless Chinese man turns to car boot sales

Beijing: A Chinese man has been forced to invest his life savings of 80,000 yuan (USD 11,785) into selling coffee from the back of his green Suzuki microvan in Beijing, highlighting the tough financial condition in which China is slowly slipping in.

China faces huge capital outflows: US-based trade association

China faces huge capital outflows: US-based trade association

Washington/Beijing: According to the Washington based trade association Institute of International Finance (IIF), China recorded the largest quarterly capital outflows on record in the first quarter of 2022 due to Covid-19 induced lockdowns and depreciation of Yuan.

China's industrial profits fall in first 4 months

China's industrial profits fall in first 4 months

Beijing, May 27 (Xinhua/UNI) Profits of China's major industrial firms fell 3.4 percent year on year in the January-April period, the National Bureau of Statistics (NBS) said Monda