The move comes amid repeated warnings from Chinese officials of a severe and complicated situation for foreign trade as export orders plunge

Data was in line with hopes for an economic revival led by consumption as flagging global demand weakened Chinese exports

Investors hope premier Li Qiang's close ties with president Xi Jinping will enable him to push for more business-friendly policies

Yi Gang's re-appointment "shows China wants to at least have a dialogue with the United States on monetary policy and financial cooperation," experts say

Some economists say ambitious annual growth targets in China are counter-productive and have contributed significantly to the country's overall debt of almost 300% of economic output

China's "closed loop" system, which had been relied on by many factories throughout the zero-Covid era, is also beginning to fall apart

"China's growth outlook is subject to significant risks, stemming from the uncertain trajectory of the pandemic," the World Bank said

The survey suggests that the Chinese economy "may be heading for recession in 2023," World Economics said

China's Baozun said its would acquire Gap Taiwan and Gap Shanghai for a sum of $40 million

China’s imposition of tariffs and restrictions on metals, food, and energy is worsening the pressure on global inflation

"As long as employment is relatively sufficient, household income grows and prices are stable, slightly higher or lower growth rates are both acceptable," Premier Li Keqiang said

China's GDP expanded just 0.4% year-on-year in the second quarter, slowing significantly from 4.8% in the first quarter, official data showed on Friday