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China's government announced it will offer a one-time cash allowance to those in extreme poverty, a day after its central bank rolled out a slate of stimulus measures aimed at shoring up the economy.
China's youth unemployment rate in August rose to the highest level since the new system of record-keeping began in December, driven by an economic slowdown and restrictive hiring policies, according to analysts.
Post-pandemic revenge spending is still continuing, but in one part of the world there's something starkly opposite happening — revenge saving.
Gold's recent rally has sparked a bullion rush, but along with it came a surge in gold scams in China.
Deflation may soon start biting into Chinese growth, as Beijing looks at another three to six months of a "very painful economy," according to one analyst who covers the country.