The second-largest economy in the world is slowing down, has entered deflation,

To boost its economy, China lowers key Interest Rates

While maintaining another key lending rate, China’s central bank surprised economists who had anticipated more muscular steps to boost economic development in the face of…

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A woman selects vegetables at a supermarket in Beijing

Chinese economy is experiencing deflation as price declines for the first time since February 2021

Consumer prices in China fell in July for the first time in almost two years, marking the beginning of deflation in the country’s economy. Read…

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China's falling consumer prices will likely lead to more calls for government support to boost domestic spending.

China’s economic difficulties have led to the largest interest rate cut since 2020

China’s central bank unexpectedly lowered key policy rates for the second time in three months on Tuesday, a further indication that authorities are intensifying monetary…

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July saw China’s first deflation since February 2021: How will it influence global economy and common people?

China’s economy entered deflation in July for the first time since February 2021, when consumer prices fell. Due to a prolonged period of strict Covid-19…

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No cash left in Pakistan, People suffering from unemployment

After Pakistan was hit by the economic crisis, its condition continues to be worst… Talking about the present situation across the country, even after containers full of essential items were stranded at the Karachi port, the country still continues to be affected by unemployment.Must Read : After Tunisha, Avneet Kaur to play Shehzaadi Mariam in Ali baba-Daastan-E-Kabul?Even after the richest businessmen of the country warned the government to lift the restriction, the government failed to lift it, and the country still continues to be economically affected.Pakistan, which is struggling with critically low dollar reserves, has imposed a ban on imports with only essential items such as food and medicines being exempt.Several industries including steel, medical, and others are currently shutdown and undergoing losses, With a monthly import bill of around $150 million, the steel industry in Pakistan, directly and indirectly, affects several million livelihoods.According to latest data

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