Banks and financial institutions such as payment processors are expected to contribute to the state-controlled stability fund, apart from some public funds

Announcement is most recent effort to inject life into covid lockdown-hammered economic growth.

As China's economy slows down in a crucial election year, economists are keeping an eye out for possible anomalies in the country's economic data

Local officials were left grappling for solutions after Chinese Premier Li Keqiang and central bank governor Yi Gang hinted this month that there is relatively little the government can do

China's central bank also says it will boost the confidence of financial institutions to lend as the Covid-stricken economy limps back to normalcy

Beijing's state spending to prop up its companies was at least 1.73% of GDP in 2019, the most recent period for which comprehensive data is available

Chinese officials are talking to car manufacturers about an extension of subsidies for electric vehicles amid concern about the country's sharp economic slowdown

NDRC spokeswoman said more targeted support would be offered to manufacturing firms, the contact-intensive service sector, small firms and individual businesses to stabilise the job market

The official jobless rate hit 5.8% in March, a near two-year high, as strict Covid lockdowns hammer the economy.

The once-booming electric vehicle market has been hit hard and Nomura Holdings says the country’s hardline Covid policy has put...

Manufacturing Purchasing Managers' Index fell for second straight month.

Weijian Shan, whose Hong Kong-based group PAG manages more than $50 billion, told a meeting that he would diversify away from the country