» 02/11/2009, 00.00
China's exports collapse, more than 20 million jobs lost
Exports dropped by 17.5% in January, more than the most downbeat projections. Imports are down by 43%: the markets of the Asia-Pacific region are in crisis. It is feared that growth will not exceed 6%. Now attention is on what the government will do, after focusing so far only on public investment and bank financing.
Chinese leaders admit serious economic crisis for first time
The conference on economic and labor questions highlighted the lack of immediate solutions. Subsidies and tax breaks have been promised in order to increase incomes and consumption, but without concrete details. Experts: long-term strategy and structural reforms are needed.
Chinese inflation remains high, economic growth slows
Inflation at 7.1% in June, while producer prices increase 8.8%, a more than 10-year record. China faces the dilemma of containing inflation without impairing production too seriously. Meanwhile, the worst energy crisis in years approaches.
Urban unemployment over 12%: high risk of social protests
A researcher warns that unemployment is much higher than the official numbers, and that the increase of social injustice could generate a situation out of control. Meanwhile, the government is revising fuel prices, and increasing taxes on it.
To combat economic crisis, government suggests less meat, shorter showers
It is the Asian country hardest hit by the global crisis. Unemployment and inflation are on the rise. The prime minister announces plan to draw on foreign currency reserves.
China's consumer and producer prices drop in 2014
In December, inflation stood at 1.5 per cent, a sign of the continuing weakness of the national economy. The producer price index drops for the 34th consecutive month.
AsiaNews IS ALSO A MONTHLY!
AsiaNews monthly magazine (in Italian) is free.
2003 © All rights reserved - AsiaNews C.F. e P.Iva: 00889190153 - GLACOM®