Government data released Wednesday showed trouble spots for the world’s second largest economy in November. Residential housing prices fell for a third consecutive month, a sign that an ongoing property crisis continues to deepen. Retail sales also struggled, suggesting that coronavirus outbreaks and the government’s “zero-Covid” approach of locking down […]
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China is facing its worst power shortage in a decade. That’s a problem for the whole world
Several Chinese provinces have said they are facing a power crunch in recent weeks, including some of the country’s most important engines for economic growth. Guangdong province — a manufacturing center responsible for $1.7 trillion, or more than 10%, of China’s annual economic output and a bigger share of its […]