channelnewsasia.com

China orders indebted local governments to halt some infrastructure projects: Report ( www.channelnewsasia.com )

China has instructed heavily indebted local governments to delay or halt some state-funded infrastructure projects, three people with knowledge of the situation said, as Beijing struggles to contain debt risks even as it tries to stimulate the economy....

China's factory activity shrinks again, weak demand hobbles economy ( www.channelnewsasia.com )

China's manufacturing activity contracted for the fourth straight month in January, an official factory survey showed on Wednesday (Jan 31), suggesting the sprawling sector and the broader economy were struggling to regain momentum at the start of 2024.

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