"China is suffering from a crisis of confidence, not one of credit; families and firms do not have the confidence in the economy to warrant ... edits to adhere to WION's style guide.

After the 2008 global financial crisis, China began pouring resources into the real estate sector, a low-productivity industry, which slowed overall productivity. Moreover, a 2022 analysis ...

"Monetary policy support alone is unlikely to right the economy," Harry Murphy Cruise of Moody's Analytics told AFP. "China is suffering from a crisis of confidence, not one of credit," he wrote.

The upheaval, spanning multiple industries and vast swaths of the country, is the result of one giant issue: China's inability to borrow or buy its way out of its current economic crisis.

China has released a slew of economic data this morning, showing its economy grew last year by a solid 5% percent, meeting the government's target. Other annual figures released show that total ...

China's finally starting to do something about the three-year property crisis that's been weighing on its COVID-scarred economy. Beijing is urging banks to boost financing for property developers ...