Man struggles upwards, water flows
downwards.
人往高处走，水往低处流。
The country's economy is on a
downward spiral.
该国的经济正日渐衰退。
Prices started a
downward plunge.
价格开始猛跌。
Pan said in order to reverse the downward trend of stock prices, it is important to improve corporate profitability and optimize the business structure.
潘表示，要扭转股价下跌趋势，提高企业盈利能力和优化业务结构至关重要。
China's GDP grew by 4.9 percent year-on-year in the third quarter after a 6.3 percent rise in the second quarter, posting a steady recovery despite downward pressure, said the National Bureau of Statistics.
国家统计局表示，继第二季度增长6.3%后，中国第三季度GDP同比增长4.9%，尽管面临下行压力，但仍稳步复苏。
"Although China's economy is facing downward pressures, the Chinese market is still of great significance to Canon," said Ozawa, while highlighting the company's confidence in the prospects of China's economic growth and upholding its long-term commitment to China.
“尽管中国经济面临下行压力，但中国市场对佳能来说仍然具有重要意义，”小泽表示，同时强调该公司对中国经济增长前景的信心，并坚持对中国的长期承诺。
The announcement came after the property market kept going downward, the gross profit margin continued to shrink and the foreign exchange market fluctuated, leaving the company with great challenges.
该公告发布之前，房地产市场持续下跌，毛利率持续萎缩，外汇市场波动，给公司带来了巨大挑战。
The loss came after the property market kept going downward, the gross profit margin continued to shrink and the foreign exchange market fluctuated, said the filing.
该文件称，亏损发生在房地产市场持续下跌、毛利率持续萎缩和外汇市场波动之后。
Issuing such guidance with 31 detailed measures is the Chinese government's latest step to boost support for private firms as a part of the country's larger driver to revive the economy amid downward pressures.
发布这样的指导意见，包括31项详细措施，是中国政府加强对私营企业支持的最新举措，这是中国在下行压力下重振经济的更大动力的一部分。
The unemployment rate among young people aged 16 to 24 has remained high this year amid downward economic pressure.
在经济下行的压力下，今年16至24岁年轻人的失业率居高不下。
Despite the downward pressure on the renminbi's exchange rate, the company's core operating profit margin remained stable at 10 percent with the gross profit margin improving to 23.7 percent from 23.4 percent, showing strong market resilience, according to the company's executives.
该公司高管表示，尽管人民币汇率面临下行压力，但该公司的核心营业利润率仍稳定在10%，毛利率从23.4%提高到23.7%，显示出强大的市场韧性。
Despite the negative impacts induced by the pandemic, by the end of 2022, Taikoo Li in Chengdu bucked the downward trend and welcomed 85 brands, such as Louis Vuitton, Balenciaga and Ralph Lauren, in total open new stores or upgraded established ones.
尽管疫情带来了负面影响，但到2022年底，成都太古里逆势而上，迎来了路易威登、巴黎世家和拉夫·劳伦等85个品牌的新店或升级版。
"Low prices have shown some obvious advantages, especially amid the global economic downward pressures.
“低价格显示出一些明显的优势，尤其是在全球经济下行压力下。
Even though the COVID-19 pandemic and the downward economic pressure posed challenges to the global economy in recent years, the actual use of foreign direct investment in the Chinese mainland expanded 9.9 percent year-on-year to 1.16 trillion yuan during the January-November period of 2022, data from the Ministry of Commerce showed.
商务部的数据显示，尽管近年来新冠肺炎疫情和经济下行压力给全球经济带来了挑战，但2022年1月至11月期间，中国大陆实际使用外国直接投资同比增长9.9%，达到1.16万亿元。
Despite downward pressure on the economy caused by the COVID-19 pandemic and external challenges, the statement said that central SOEs will likely see steady growth in revenue and profit for 2022 when the year's figures are released later this month.
尽管新冠肺炎疫情和外部挑战给经济带来了下行压力，但声明表示，当本月晚些时候发布年度数据时，2022年中央国有企业的收入和利润可能会稳定增长。
GroupM predicts global ad revenue growth will reach 6.5 percent this year, compared with its June forecast of 8.4 percent, given the downward worldwide economic pressure.
GroupM预计，考虑到全球经济下行压力，今年全球广告收入增长将达到6.5%，而6月份的预测为8.4%。
Intensified efforts in risk management, credit structure bear fruit amid woesDespite COVID-19 woes and the downward economic cycle, China's four largest State-owned commercial banks－the Big Four－recently said their asset quality remained stable in the first half amid efforts to optimize credit structures and step up risk management.
加大风险管理力度，信贷结构在困境中开花结果除新冠肺炎疫情和经济周期下行外，中国四大国有商业银行——四大银行最近表示，在优化信贷结构和加强风险管理的努力中，上半年资产质量保持稳定。
During the first six months, the Chinese real estate sector faced stress due to a resurgence of COVID-19 cases in some areas and downward pressure on the economy.
前六个月，由于新冠肺炎病例在一些地区死灰复燃，以及经济下行压力，中国房地产行业面临压力。
The Chinese real estate sector faced stress in the first half of this year due to a resurgence of COVID-19 cases in some areas and downward pressure on the economy.
今年上半年，由于新冠肺炎病例在一些地区死灰复燃和经济下行压力，中国房地产行业面临压力。
"The current market sentiment in the Hong Kong equity market, after severe downward correction in the first half, may not be conducive to IPO subscription," Hung said.
洪表示：“香港股市在经历了上半年的严重下行调整后，目前的市场情绪可能不利于IPO认购。”。
Xiang Ligang, director-general of the Information Consumption Alliance, a telecom industry association, said emerging digital technologies represented by 5G, big data and AI have played a critical role in enhancing operational efficiency, cutting costs, and improving the core competitiveness of traditional industries amid downward economic pressure.
电信行业协会信息消费联盟总干事项立刚表示，在经济下行压力下，以5G、大数据和人工智能为代表的新兴数字技术在提高运营效率、降低成本和提高传统行业核心竞争力方面发挥了关键作用。
With the number of new COVID infections showing a downward trend recently in Shanghai, Caroline Wu, managing director of Maersk China, said the company continues to see Shanghai ports remaining operational including vessel operations, yard handling, gate in and gate out.
随着上海最近新增新冠肺炎感染人数呈下降趋势，马士基中国区董事总经理Caroline Wu表示，该公司继续看到上海港口仍在运营，包括船舶运营、堆场处理、出入境。
Downward pressure on the ratings of some Chinese developers may intensify because of delays in the publication of audited financial results or changes in auditors which add to financing strains, Fitch Ratings said.
惠誉评级表示，由于审计财务结果的延迟公布或审计师的变动增加了融资压力，一些中国开发商的评级下调压力可能会加剧。
Chinese internet companies, including Alibaba Group Holding Ltd, Tencent Holdings Ltd and JD, are reportedly downsizing, amid economic downward pressure and a complex external environment, but they are still stepping up recruitment efforts for skilled talent in research and development.
据报道，在经济下行压力和复杂的外部环境下，包括阿里巴巴集团控股有限公司、腾讯控股有限公司和京东在内的中国互联网公司正在裁员，但它们仍在加紧招聘研发领域的技能人才。
The COVID-19 pandemic and downward economic pressure are weighing on internet companies, said Shen Meng, director of boutique investment bank Chanson & Co, adding as the representative of new technologies, internet companies should push forward innovation in technological R&D and expand application scenarios of emerging technologies.
精品投资银行Chanson&Co董事沈萌表示，新冠肺炎疫情和经济下行压力正在给互联网公司带来压力。他补充道，作为新技术的代表，互联网公司应该推动技术研发创新，扩大新兴技术的应用场景。
Chinese companies' patents granted in the United States surged last year, even as total patent awards in the US trended downward, showcasing Chinese companies' increasing innovation capabilities, according to a renowned US patent service provider.
一家著名的美国专利服务提供商表示，尽管美国的专利授予总量呈下降趋势，但去年中国公司在美国获得的专利数量激增，这表明中国公司的创新能力不断增强。
Facing new downward pressure, the nation will focus more on stabilizing economic growth and ensuring economic performance remains within a reasonable range, he said.
他说，面对新的下行压力，国家将更加注重稳定经济增长，确保经济表现保持在合理区间。
It said the country will speed up the pace of cutting coal consumption, strictly and rationally limit the increase in coal consumption during the 14th Five-Year Plan period (2021-25) and phase it downward during the 15th Five-Year Plan period (2026-30).
它表示，国家将加快削减煤炭消费的步伐，在“十四五”期间（2021-25年）严格合理地限制煤炭消费的增长，并在“十五五”时期（2026-30年）逐步下降。
China Evergrande Group projected the group's revenue from contracts would extend the downward trend in September, which means the company's sales inflow would continue to deteriorate and the company's cash flow and liquidity would be under great pressure, the Hong Kong-listed company said in a filing on Tuesday morning.
Moody's cautioned downward rating pressure could emerge if Tencent experiences a sustained erosion in its active user base that leads to lower cash flow, engages in aggressive acquisitions that strain its balance-sheet liquidity or raises its overall risk profile, adopts an aggressive dividend policy that weakens its balance-sheet liquidity or demonstrates a weaker credit profile.
The company's net profit attributable to shareholders of listed companies during the period came in at 31.14 billion yuan, reversing the previous downward trend and gaining 3.9 percent year-on-year.
The global construction machinery sector has been on a downward trend since last July and some developed markets have seen a sales drop of more than 20 percent in the period between January and August.
"Despite overall lackluster performance, China has been bucking the trend to become a growth engine for a number of the luxury brands we are serving, which has offset the downward trend," said Xue.
Facing challenges arising from intensifying downward economic pressure and the further shrink in oil prices, the company vowed to uphold innovation strategies and promote high-quality development.
Alibaba Group Holding Ltd raked in 161 billion yuan ($23.2 billion) revenue in its latest quarterly earnings, beating analysts' expectations as the company said it is poised to withstand "both the novel coronavirus epidemic and economic downward pressure".
"Property was the No 1 industry with the largest number of people attaining a position on the list over the last 15 years, but in a downward trend.
"The industrial profit decreased due to weak factory activity and mounting downward pressure," Tang said.
Other factors include the rise in cost of deposits as a result of intensified market competition, and the decrease in both the average yields of debt securities investments and amounts due from banks and other financial institutions caused by downward market interest rate, according to the bank’s 2019 interim results announcement.
Facing shrinking profit margins and downward pressure of the industry, the world-leading nonferrous enterprise remained profitable, reporting growth in all of its major business segments, the company said.
Despite the downward pressure, Jacques said the company's plans in the country will not be affected.
Despite the fact that China's economy has encountered new downward pressure against a larger backdrop of slower global economic growth, IHS data show some 60 percent of the new investment opportunities in fields of the chemical sector still lies in China.
China's large-scale tax and fee reduction, including the government's reductions in VAT, one of the important measures for countering downward pressure, all present opportunities for foreign companies like Sabic, and "we will further deepen energy cooperation with old partners while continuing to seek new partnerships for sustainable development," he said.
Its share price picked up 0.46 percent against overall downward Shenzhen trading on Tuesday.
Challenges and opportunities coexist in multiple fields as domestic companies strengthen presence in local economiesChina's trade and investment relations with countries in South America remain solid and are expected to continue to expand, despite the downward growth pressure and other challenges facing the Chinese economy.
There are some real challenges that are being imposed upon the private sector in China: domestic over-regulation, a downward pressure on investment, and a slowing property market.
Analysts said government support for entrepreneurship and innovation has provided a major boost for tech firms and startups and allowed them to survive and thrive amid downward pressures on the broader economy.
Global prices for memory chips turned downward recently, casting a shadow on Samsung's fourth-quarter earnings.
Its shares edged up 0.06 percent to 35.48 yuan Friday, bucking a downward trend on the key Shanghai stock index.
However, business environment remains tough because of the ongoing political instability, currency volatility and devaluation in the region, rising oil prices, and downward pressure on margins from relentless competition, said the leader of the airline giant.
"He added, "Our margins continue to face strong downward pressure from increased competition and oil prices, and we still face weak economic and uncertain political realities in many parts of the world.
In March, the family-owned group stated that mid-to single-digit growth rates were more realistic for the years to come, but revised those expectations downward earlier this week.
Hong Kong-listed China Shenhua snapped the downward trend and surged 4 percent right after SASAC announced the merger.
Under downward pressure, China's steel sector, already burdened by overcapacity, has been hurt by shrinking demand.
"So, it is hard to reverse (the trend) of downward capital expenditure. "
Owing to the downward trajectory, the California-based company was replaced in the fourth slot by local brand Xiaomi Corp, which grabbed 13 percent of the market.
This, in turn, ensured annual sales growth of over 10 percent in recent years－a contrast to many Chinese manufacturers who experienced downward pressure on their growth.
Vigorously increasing the supply of affordable housing can not only make housing more affordable, but also hedge against the downward impact of the commercial housing market.
China's foreign trade has navigated in a downward pressure and displayed a remarkable resilience since 2023, as highlighted by stable import and export volumes, steady international market share, optimized trading structure and a diversified range of trading partners, Wang said at the fourth session of the symposium themed "Comprehensively Advancing Chinese Modernization".
Lu added that the scope for China to ease monetary and fiscal policies is expanding, as downward pressures on the renminbi against the dollar have eased, with the US projected to enter a cycle of interest rate cuts this year.
Zheng Houcheng, chief macroeconomist at Yingda Securities Co, said the PBOC will likely cut interest rates or the reserve requirement ratio — the proportion of money lenders must keep as reserves — in the first quarter of this year, when the economy needs support amid global economic downward pressures, while low inflation provides room for easing.
The Fed's effective guidance on market expectations began to fail after the 10-year Treasury rate broke through 5 percent at the end of October and turned downward.
The People's Bank of China, the country's central bank, is likely to cut interest rates or the reserve requirement ratio in the first quarter next year, when the economy needs support amid global economic downward pressures while low inflation provides room for easing, Zheng said.
Tech firms urged to hike investments in basic research, strategic fieldsChina's efforts to boost its digital economy and platform companies, and speed up the integration of the digital and real economy will foster new growth drivers and inject strong impetus into the country's economic recovery amid downward pressure, experts and company executives said.
The top economic regulator said in a note that the Chinese economy has overcome difficulties and challenges and withstood downward pressure over the past months.
The anticipated improvement in economic indicators for December, fueled by the lower base effect, indicates that the annual growth objective of roughly 5 percent is likely to be met, notwithstanding the seasonal downward pressures facing the PMI for December, said Xiong Yuan, chief economist at Guosheng Securities.
In the short term, its market vitality is insufficient, and the economy is facing downward pressure; in the medium and long terms, the weakening vitality impacted by demographic changes might restrict China's economic and social development potential.
Regarding the short-term issues, the trend of weakening market vitality, the downward pressure on the economy and the lack of market confidence have not been fundamentally reversed.
The nation should coordinate the demand- and supply-side policies to accelerate the return of its macroeconomy to a long-term growth trend as soon as possible, and simultaneously postpone the introduction of long-term and structural policies that may exacerbate short-term downward pressures on the economy, such as tighter market regulation and income redistribution policies, to reduce any possible negative impact of such policies in the short term.
"While the December PMI may still face seasonal downward pressures, most economic indicators will likely record year-on-year growth, and China will exceed its annual growth target of around 5 percent this year, Xiong said.
Feng Jianlin, chief economist at Beijing FOST Economic Consulting Co, said that China's economic growth may face downward pressures next year as the favorable comparison effect due to COVID-19 fades, especially in the first quarter.
Though the increased downward pressure on the global economy and rising geopolitical tensions are still a drag on China's export activities, the export structure has been improving due to the country's ongoing efforts to upgrade its manufacturing sector, experts said.
As the private sector stabilizes, it is expected to provide assurance to China's economic growth, especially in the face of mounting downward pressures, said Zhang Fei, vice-president of the China Institute for Reform and Development based in Haikou, capital of Hainan province, at a sub-forum of the 89th International Forum on China Reform held in the city over the weekend.
Furthermore, Japan's corporate sector held a large amount of real estate, which magnified the balance sheet recession, whereas China's corporate sector held relatively little real estate, and China's special land system also made industrial land extremely cheap, which cushioned the downward property pressure to some extent.
New drivers of growth needed amid downward pressure, uncertaintiesChina should pursue a new round of structural reforms in the face of mounting downward economic pressure and rising external uncertainties, in an effort to foster new drivers of growth and inject long-term development momentum, domestic and overseas experts said at the 89th International Forum on China Reform in Haikou, Hainan province.
As China is responsible for over 18 percent of global GDP, everything is dependent on the country's economic prospects even though downward pressure remains, said Tamas Hajba, senior adviser for China at the Organization for Economic Cooperation and Development.
As for worries over balance sheet recession — a situation where all sectors, including households, businesses and government departments tighten their balance sheets — initiating a vicious downward cycle, there currently is no sign of such a cycle in the nation.
Chance to reverse trendChina now has an important window of time to reverse the downward spiral of weakening expectations and the impact on economic fundamentals.
China's economic recovery is gathering pace, with consistent and steady progress expected in the fourth quarter despite downward pressures like the sluggish global economy, according to experts at a forum hosted by China News Service in Beijing on Wednesday.
Key barometer of consumption rises 5.5 percent year-on-year in SeptemberChina is on track for a stimulus-led cyclical recovery with the latest economic indicators showing signs of stabilization despite downward pressure, economists said.
However, seeing short-term downward risks to China's economic growth amid renewed weakness in the property sector, a new report by the International Monetary Fund expects China's economy to expand by 5 percent in 2023 and 4.2 percent in 2024, a downward revision of 0.2 and 0.3 percentage points, respectively, from April.
China's gross domestic product grew by 4.9 percent year-on-year in the third quarter after a 6.3 percent rise in the second quarter, posting a steady recovery despite downward pressures, the National Bureau of Statistics said on Wednesday.
Looming large over China's growth prospects is the challenging real estate situation, in which a number of pre-sold units have not been completed and developers face financial difficulties, resulting in downward pressure on and a lack of confidence in the real estate market, Gourinchas said.
The sub-indices for all eight major sectors remained lower than the boom-and-bust line of 100, but the transportation, postal and storage industry, the information transmission, computer service and software industry, and the accommodation and catering industry reversed the downward trend.
The report comes on the heels of a set of robust yet focused measures undertaken by policymakers to address various challenges and downward pressures.
Coordinated policy support seen as key to ensuring that recovery is sustainableChina's economic growth is poised to gather pace in the remainder of the year with a slew of stimulus measures taking effect gradually, showcasing strong resilience and vitality amid downward pressures, according to economists and global executives.
Since April, the final value of nonfarming data have been revised downward several times in a row, and the frequency of collecting enterprise employment data has also slowed, which may be signs of a cooling labor market.
The upward and downward movements of the economy are shaped by a combination of variables.
The shift in cyclical factors from a positive contribution in the past to a negative contribution after 2011 has increased the economy's downward pressure.
Burdens on firms to be eased; tax cuts seen boosting income, consumptionChina will further strengthen policy reserves and fully utilize policy space to ease burdens on enterprises and shore up economic growth amid downward pressures, officials said on Thursday.
Experts call for more efforts to facilitate recovery in purchasing enthusiasmReviving consumer demand and bolstering consumer confidence will be key priorities for China's economy for the rest of the year, as the country seeks to drive a consumption-led recovery amid downward pressures, economists said.
As things stand, net interest margins are kept at a balanced level, and the long-term downward trend may be coming to an end.
Sector investment keyFacing mounting downward pressure, it becomes even more necessary to increase investment intensity in critical sectors and industries.
The reasons behind the rapid growth rate despite downward pressure in global economy are mainly the policies and measures taken by the Chinese government, said Li Jun, director of the institute of international trade in services under the Beijing-based Chinese Academy of International Trade and Economic Cooperation.
These cross-border online marketplaces have played a vital role in stabilizing China's foreign trade amid downward economic pressures and external uncertainties, experts said.
Industry experts said that China's luxury goods consumption saw a strong recovery in the first half of the year despite lingering downward pressures on the global economy, and e-commerce platforms have served as one of the most important channels for Chinese consumers to buy luxury products from overseas.
Support for private sector to significantly shore up market confidence, experts sayChina's latest push to bolster the growth of its private sector will greatly boost the confidence of entrepreneurs and give full play to the significant role of private enterprises in creating job opportunities and reviving economic recovery amid downward pressures, experts and company executives said.
- China sustained its economic recovery momentum last month and made solid progress in high-quality development despite lingering downward pressures on the global economy.
The share of net exports in China's GDP growth reached 7 percent in 2008, before it showed a downward trend.
"Given the downward pressure of the global economy, the rising anti-globalization sentiment, and some Western countries' pursuit of decoupling, BRICS countries' joint efforts to promote smooth and effective operation of global supply chains are becoming even more valuable," Zheng said.
In fact, the private sector is still grappling with weakening external demand, falling profits and mounting downward pressures, highlighting the need for more steps to revive the economic momentum.
"Looking into the second half, southeast coastal areas may encounter downward economic pressure due to a slowdown in external demand," said Ying Xiwen, a senior researcher at China Minsheng Bank.
Despite the improvement in industrial profits, analysts said the recovery trend is not yet solid amid still-weak demand and a downward trend in factory-gate prices, reinforcing hopes of stronger policy support to bolster the world's second-largest economy.
Zheng Houcheng, chief macro economist at Yingda Securities Co Ltd, said the latest industrial profit data show that enterprises continue to be affected by a combination of unfavorable factors, such as the downward trend of the producer price index, while the improved industrial production and profit margins contributed to the easing dip in profits.