China economy
China’s 2.2 trillion yuan pile of bad consumer debt threatens economy
The debt overhang is undermining national efforts to boost domestic consumption, with Chinese banks extending fewer new loans
Chinese economy stalls as spending, investment drop to Covid-era levels
The data shows two-speed economy with stellar exports but worsening domestic demand
Fitch affirms China’s credit rating at ‘A’
Trump visit should ease China tariff risks, but weak consumer confidence remains a drag
Chinese economy stuck in slow lane as consumption heads for drop
Higher energy prices stemming from the war in Iran are adding further risk to what’s already a bumpy outlook
PBOC asks big banks to curb interbank lending to ease cash glut: sources
The move is aimed at correcting market expectations around access to liquidity
AI sparks alarm in China with call to protect worker rights
Evidence is already mounting that AI is causing heavy job losses in countries like the US
China’s inflation split widens as AI, Iran war stir up factory prices
Producer inflation has accelerated to 3.9% from a year
China Inc deploys ‘quiet’ layoffs as Beijing promotes AI adoption
Citibank estimates that 9.6 per cent of all Chinese jobs - roughly 70 million - are at high risk of AI-driven displacement
China export growth beats forecasts in May on AI boom, Gulf war stockpiling
But beyond artificial intelligence, there are signs of strain in other sectors that suggest momentum may be starting to fade
China prepares two trillion yuan plan to fund nationwide AI build-out
Key government agencies are drafting a blueprint to erect a network of interconnected computing hubs across the country
