China's economy logs a lackluster performance in November as retail sales slow
4 weeks, 2 days ago

China's economy logs a lackluster performance in November as retail sales slow

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China’s economy logged a mixed performance in November, the monthly government update said Monday, with retail sales slowing as consumers held back on spending on non-essentials like cosmetics, alcohol and clothing. A closer look at the numbers released Monday showed sharp increases in some categories of consumer spending last month, especially appliances and vehicles that are subject to government rebates as part of a cash-for-clunkers and other programs meant to get people to replace older appliances and cars with newer ones. Markets in China had climbed on renewed hopes for a stronger dose of stimulus to help the counter weak consumer spending that has kept the economy growing this year at a rate slightly slower than the government’s official target of about 5%.

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China sees worst New Year start to trading since 2016, CSI 300 closes 3.1% down
Trending News
1 week, 6 days ago

China sees worst New Year start to trading since 2016, CSI 300 closes 3.1% down

Firstpost  

In a sign of poor confidence in China’s ability to grow its economy and fear of US President-elect Donald Trump’s promised tariffs, China recorded the worst New Year’s Day trading since 2016 as key index fell more than 3% Even as Chinese leader Xi Jinping has vowed to continue taking proactive steps to revive the economy, investors don’t appear to …

November blues: Retail slump, property woes show China’s economy not responding to Xi’s push
4 weeks, 2 days ago

November blues: Retail slump, property woes show China’s economy not responding to Xi’s push

Firstpost  

China’s economy in November has sparked concerns about its ability to boost domestic demand in a world full of uncertainties. Reports from the South China Morning Post and The Economic Times highlight mixed results in key areas like retail sales, property investments and industrial output. The South China Morning Post noted that while November’s retail figures seemed weak, combining data …

China retail sales slow as consumers hold back, while home prices fall
4 weeks, 2 days ago

China retail sales slow as consumers hold back, while home prices fall

Associated Press  

BANGKOK — Chinese retail sales slowed in November and housing prices fell, the government said Monday, with demand still lackluster despite a flurry of stimulus measures over the past few months. “However, we must Retail sales rose 3% from a year earlier, down from October’s 4.8% increase and below the 3.5% annual rate in January-November. “China’s economy appears to have …

China’s weak consumption drags on economy as Trump tariff threat looms
1 month ago

China’s weak consumption drags on economy as Trump tariff threat looms

CNN  

Beijing Reuters — China’s industrial output growth quickened slightly in November, while retail sales disappointed, keeping alive calls for Beijing to ramp up consumer-focused stimulus as policymakers brace for more US trade tariffs under a second Trump administration. “China’s economic policies have been amazingly consistent in promoting manufacturers over consumers despite clear signs of lasting weakness,” said Dan Wang, a …

Stock market today: Asian shares retreat, tracking Wall St decline as price data disappoints
1 month ago

Stock market today: Asian shares retreat, tracking Wall St decline as price data disappoints

Associated Press  

HONG KONG — Asian shares fell on Friday, tracking Wall Street’s decline in response to potentially discouraging data on the economy. The European Central Bank cut rates by a quarter of a percentage point on Thursday, as many investors expected, and the Swiss National Bank cut its policy rate by a steeper half of a percentage point. Following its decision, …

China, Hong Kong stocks climb on upbeat manufacturing data, stimulus bets
1 month, 1 week ago

China, Hong Kong stocks climb on upbeat manufacturing data, stimulus bets

Live Mint  

By Jiaxing Li HONG KONG, - China and Hong Kong stocks gained on Monday, driven by encouraging manufacturing data and expectations of continued policy support from Beijing. ** Sentiment was buoyed by data that showed China's factory activity expanded last month, with Beijing's stimulus blitz since September starting to trickle through just as Donald Trump ramps up trade threats. ** …

Stock market today: World shares are mostly higher after Big Tech losses pull Wall St lower
1 month, 2 weeks ago

Stock market today: World shares are mostly higher after Big Tech losses pull Wall St lower

Associated Press  

BANGKOK — Shares opened higher in Europe on Thursday after a mixed session in Asia following a Big Tech-led retreat on Wall Street. South Korea’s Kospi gained less than 0.1% to 2,504.67 after the central bank cut its benchmark interest rate to relieve pressure on its slowing economy. Hong Kong’s Hang Seng index lost 1.2% to 19,366.96 and the Shanghai …

China stocks log biggest weekly loss since July as output, home price data disappoints
2 months ago

China stocks log biggest weekly loss since July as output, home price data disappoints

Live Mint  

HONG KONG, - Chinese stocks had their biggest weekly loss since July, while Hong Kong shares erased early gains to end slightly lower on Friday as scepticism that China can mount a sustained economic recovery remained prevalent in the market. China's blue-chip CSI 300 Index fell 1.8% bringing losses this week to 3.3%, the most since July. The real estate …

Stock market today: Japan leads losses in Asia after sharp decline on Wall St driven by Big Tech
2 months, 2 weeks ago

Stock market today: Japan leads losses in Asia after sharp decline on Wall St driven by Big Tech

The Independent  

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Stock market today: Asian shares are mostly higher after strong earnings boost stocks on Wall St
2 months, 4 weeks ago

Stock market today: Asian shares are mostly higher after strong earnings boost stocks on Wall St

The Independent  

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China stocks decline amid economic recovery disappointment, while other markets in Asia rise
3 months ago

China stocks decline amid economic recovery disappointment, while other markets in Asia rise

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Let’s call it what it …

Hong Kong's Hang Seng Index plunges 9.4%, highest fall since 2008; here's why
3 months, 1 week ago

Hong Kong's Hang Seng Index plunges 9.4%, highest fall since 2008; here's why

Live Mint  

Hang Seng Index of Hong Kong has dropped by 9.4 per cent, which is its biggest decline since 2008. {{^adFree}} {{/adFree}} Previously, Zheng Shanjie, the Chairperson of China's National Development and Reform Commission, stated that China was "fully confident" of accomplishing economic targets for 2024 and will use 200 billion yuan from next year's budget to fund investment projects and …

China’s top leaders vow to support consumers and improve confidence in its slowing economy
5 months, 2 weeks ago

China’s top leaders vow to support consumers and improve confidence in its slowing economy

Associated Press  

BANGKOK — China’s powerful Politburo has endorsed the ruling Communist Party’s long-term strategy for growing the economy by encouraging more consumer spending and weeding out unproductive companies to promote “survival of the fittest.” A statement issued after the meeting of the 24 highest leaders of the party warned that coming months would be tough, perhaps alluding to mounting global uncertainties …

China’s economy slowed in the last quarter as weak consumer demand dragged on growth
6 months ago

China’s economy slowed in the last quarter as weak consumer demand dragged on growth

Associated Press  

BANGKOK — China’s economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter, the government reported Monday, while emphasizing signs of improvement in factory output, income and investment. “Since the beginning of this year, global economic growth momentum has been weak, inflation is sticky, geopolitical conflicts, international trade frictions and other problems have occurred frequently, domestic demand is …

CPI heralds modest price rises in H2
6 months ago

CPI heralds modest price rises in H2

China Daily  

China Daily| Updated :2024-07-12 China's consumer prices will likely increase modestly in the second half of this year, as domestic demand and consumption are expected to recover with a series of macroeconomic policy measures taking effect gradually, analysts said. "The mild rise in consumer prices points to the economy's continued recovery trend, while the persistently low price levels suggest the …

Stock market today: Asian shares edge lower after Wall Street sets more records
7 months, 3 weeks ago

Stock market today: Asian shares edge lower after Wall Street sets more records

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Macy’s joined the chorus line …

China disinflationary headwinds continue as consumers hold back
8 months ago

China disinflationary headwinds continue as consumers hold back

Live Mint  

BEIJING—China’s consumer prices edged up modestly in April while its factory-gate prices continued to fall, underscoring the challenges that policymakers face in shaking off disinflationary pressures despite stimulus measures aimed at delivering a jolt to the economy. Economists say China’s persistently weak inflation readings suggest Beijing is unlikely to be able to count on the country’s 1.4 billion consumers to …

China's key economic indicators pick up pace
9 months, 4 weeks ago

China's key economic indicators pick up pace

China Daily  

China's economy gained more steam in the first two months of 2024 with improvement in key indicators, including production and investment, the National Bureau of Statistics said on Monday. China's value-added industrial output - a gauge of activity in the manufacturing, mining and utilities sectors - grew by 7 percent in the January-February period from a year earlier after a …

China's key economic indicators pick up pace
9 months, 4 weeks ago

China's key economic indicators pick up pace

China Daily  

China's economy gained more steam in the first two months of 2024 with improvement in key indicators, including production and investment, the National Bureau of Statistics said on Monday. China's value-added industrial output - a gauge of activity in the manufacturing, mining and utilities sectors - grew by 7 percent in the January-February period from a year earlier after a …

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories
10 months, 1 week ago

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories

Associated Press  

BEIJING — China has plenty of room to maneuver to attain its annual target for robust economic growth of about 5% after a strong start for the year, top economic officials said Wednesday, though they acknowledged it’s a challenge. It’s hard to fully meet needs using existing funding channels and there’s an urgent need to increase support,” he said at …

China markets slump to 5-year lows as regulator promises to protect small investors
11 months, 1 week ago

China markets slump to 5-year lows as regulator promises to protect small investors

Associated Press  

BANGKOK — Chinese shares gyrated on Monday, sinking to 5-year lows after market regulators sought to reassure jittery investors with a promise to crack down on stock price manipulation and “malicious short selling.” Shares in Shanghai and the smaller market in Shenzhen, near Hong Kong, swung between big losses and small gains throughout the day. “We will continue to increase …

China economic data show signs slowdown may be easing, as central bank acts to support growth
1 year, 4 months ago

China economic data show signs slowdown may be easing, as central bank acts to support growth

Associated Press  

BEIJING — China’s factories picked up their pace and retail sales also gained momentum in August, the government reported Friday, suggesting the economy may be gradually recovering from its post-pandemic malaise. “Overall, in August, major indicators improved marginally, the national economy recovered, high-quality development was solidly advanced, and positive factors accumulated,” Fu Linghui, spokesperson for the National Bureau of Statistics, …

Stock market today: Asia sinks after a survey shows China's industrial activity is weakening
1 year, 6 months ago

Stock market today: Asia sinks after a survey shows China's industrial activity is weakening

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian stock markets sank Wednesday …

Stock market today: Asian shares advance though China economic data weaker than expected
1 year, 7 months ago

Stock market today: Asian shares advance though China economic data weaker than expected

Associated Press  

Asian shares were mostly higher on Tuesday even though the latest data showed China’s economy is weaker than expected, with domestic demand failing to bounce back as much as hoped for after the pandemic. “While the boost from reopening should still underpin a further recovery in the near-term, the bulk of China’s rebound is now behind us,” Julian Evans-Pritchard of …

China's economy expected to rebound as zero-Covid era fades
1 year, 8 months ago

China's economy expected to rebound as zero-Covid era fades

Deccan Chronicle  

BEIJING: China is expected to announce an economic rebound on Tuesday, when Beijing releases its first quarterly GDP figures since abolishing growth-sapping Covid restrictions late last year. Property perils A creeping crisis in the property sector -- which together with construction accounts for around a quarter of China's GDP -- continues to "pose challenges to economic growth", said Rabobank analyst …

China’s retail, factory output slump as COVID curbs hit growth
2 years, 1 month ago

China’s retail, factory output slump as COVID curbs hit growth

Al Jazeera  

China’s economy lost more steam in November as factory output slowed and retail sales extended declines, both missing forecasts and clocking their worst readings in six months, hobbled by surging COVID-19 cases and widespread virus curbs. Industrial output rose 2.2 percent in November from a year earlier, missing expectations for a 3.6 percent gain in a Reuters poll and slowing …

China’s factory slowdown worse than expected
2 years, 2 months ago

China’s factory slowdown worse than expected

Live Mint  

China’s factory activity contracted in October after a short-lived improvement, a fresh sign of the toll from the country’s stringent Covid policies and of fading global demand for Chinese-made goods. Sales of new homes at China’s 100 largest property developers fell 28% in October from a year earlier, the 16th consecutive month of declines, according to China Real Estate Information …

China’s economy slows as ‘zero COVID’ drags down sales, industry
2 years, 5 months ago

China’s economy slows as ‘zero COVID’ drags down sales, industry

Al Jazeera  

Retail sales and industrial output for July fall short of analysts’ forecasts after lockdowns stifle economic activity. China’s economy slowed in July as Beijing’s ultra-strict “zero COVID” policies dragged down key metrics ranging from retail sales to industrial output. Retail sales and industrial output grew 2.7 percent and 3.8 percent, respectively, compared with a year ago, National Bureau of Statistics …

$57 billion wiped from Australian market, Wall Street rout as Dow plunges 1,000 points, Nasdaq loses 5pc
2 years, 8 months ago

$57 billion wiped from Australian market, Wall Street rout as Dow plunges 1,000 points, Nasdaq loses 5pc

ABC  

The Australian share market has lost nearly $60 billion in a single day, and Wall Street has lost trillions as investors took flight amid concerns that more official interest rate hikes would not be enough to curb surging inflation. Key points: The Dow Jones index fell 3.1pc to 32,998, the S&P 500 fell 3.5pc to 4,147, and the Nasdaq fell …

Asian stocks mixed after Wall Street sinks for third day
2 years, 11 months ago

Asian stocks mixed after Wall Street sinks for third day

Associated Press  

BEIJING — Asian stock markets were mixed Friday as traders looked ahead to data on U.S. employment costs that might influence Federal Reserve decisions on planned interest rate hikes. Wall Street fell for a third day Thursday after the U.S. government reported the economy grew by 5.7% last year, its strongest annual rate since 1984. On Wall Street, the benchmark …

Asian stocks rise after China rate cuts, Japan export gain
2 years, 11 months ago

Asian stocks rise after China rate cuts, Japan export gain

Associated Press  

BEIJING — Asian stock markets rose Thursday after China cut interest rates to shore up flagging economic growth and Japan reported a double-digit rise in exports. On Wall Street, the benchmark S&P 500 index fell 1% on Wednesday as investors tried to figure out how fast the Federal Reserve will roll back economic stimulus to cool inflation. The Chinese central …

Stocks retreat in Asia as China inflation pushes higher
3 years, 2 months ago

Stocks retreat in Asia as China inflation pushes higher

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian shares fell Wednesday, tracking …

China’s third-quarter growth slows to 4.9%, power shortage, slowdown in property sector add to woe
3 years, 2 months ago

China’s third-quarter growth slows to 4.9%, power shortage, slowdown in property sector add to woe

Firstpost  

Louis Kuijs of Oxford Economics said in a report that “ugly growth numbers” in coming months are likely to prompt Beijing to ease lending controls Beijing: China’s economic growth sank in the latest quarter as a construction slowdown and official curbs on energy use by factories weighed on the nation’s recovery from the coronavirus pandemic. The world’s second-largest economy grew …

US markets suffer sharpest drop since mid-May in losses sparked by China refusal to bail out indebted property developer
3 years, 3 months ago

US markets suffer sharpest drop since mid-May in losses sparked by China refusal to bail out indebted property developer

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

China’s economic recovery is looking gloomier
3 years, 4 months ago

China’s economic recovery is looking gloomier

Live Mint  

Growth across a range of Chinese economic indicators pulled back sharply in August, as a new outbreak of the Covid-19 Delta variant and tighter government regulations on the property market hit consumer spending and the housing sector. Retail sales, a key gauge of China’s consumption, rose just 2.5% in August from a year earlier, down sharply from July’s 8.5% year-over-year …

Asian shares mostly lower, China gains on GDP rebound
3 years, 11 months ago

Asian shares mostly lower, China gains on GDP rebound

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares fell Monday across most …

Hang Seng Index has worst day since 2015 as tensions flare up again between China and the West
4 years, 7 months ago

Hang Seng Index has worst day since 2015 as tensions flare up again between China and the West

CNN  

Hong Kong CNN Business — Hong Kong’s Hang Seng Index dropped nearly 5.6% Friday after news broke that Beijing would move to pass a hugely controversial national security law for the Asian financial hub. The news — which could be the biggest blow to Hong Kong’s autonomy since its handover to China in 1997 — also further stoked tensions between …

China’s economy dragged into historic slump due to coronavirus
4 years, 8 months ago

China’s economy dragged into historic slump due to coronavirus

Al Jazeera  

GDP declined more than analysts expected as retail sales slumped in March, but factory activity signals recovery. China‘s economy shrank for the first time since at least 1992 in the first quarter, as the coronavirus outbreak paralysed production and spending, raising pressure on authorities to do more to stop mounting job losses. Gross domestic product fell 6.8 percent in January-March …

Asian markets weak after China data disappoints: Asian market latest
5 years, 2 months ago

Asian markets weak after China data disappoints: Asian market latest

CNN  

Hong Kong CNN Business — Asian stocks were mixed Thursday after China reported economic data that was weaker than expected. Tencent declined 2.3% in Hong Kong after the Chinese social media and gaming giant reported a 13% drop in net profit for the third quarter, below what analysts forecasted in a Refinitiv poll. Japan’s Nikkei 225 opened higher, but then …

China’s economic growth drops to lowest level since 1992
5 years, 2 months ago

China’s economic growth drops to lowest level since 1992

CNN  

Hong Kong CNN Business — China’s growth dropped last quarter to its lowest level in nearly three decades, as the world’s second largest economy continues to feel the pain from the trade war with the United States. A spokesman for China’s national statistical authority said Friday that stimulus measures announced earlier this year, including tax cuts and infrastructure investment, have …

Retail sales in HK hit record low for August
5 years, 3 months ago

Retail sales in HK hit record low for August

China Daily  

A notice on the metal shutter of a shop on Tung Choi Street in Mong Kok, Hong Kong, indicates the shop's closure due a planned march by protesters, Aug 3, 2019. Hong Kong's retail sales recorded their steepest year-on-year decline on record for a single month in August this year — plunging 23 percent to HK$29.4 billion — compared with …

Chinese stocks fall after poor data points to further slowdown – Asian market latest
5 years, 4 months ago

Chinese stocks fall after poor data points to further slowdown – Asian market latest

CNN  

Hong Kong CNN Business — Chinese stocks fell Tuesday after the country released some poor economic data that fueled concerns about an ongoing slowdown. China’s producer price index — which measures the cost of goods sold to businesses and is an important measure of company profitability — dropped 0.8% in August compared to a year ago, according to government statistics …

US-China trade talks: Asian markets bounce back on positive news
5 years, 4 months ago

US-China trade talks: Asian markets bounce back on positive news

CNN  

Hong Kong CNN Business — Asian markets regained some lost ground on Tuesday, but investors are still wary about the US-China trade war. Asked later about Trump’s remarks, Chinese Foreign Ministry spokesman Geng Shuang said he hadn’t “heard about the weekend phone calls that the US mentioned.” He added that China hopes that the United States will “not let emotions …

Hong Kong economy: Hong Kong’s protests are starting to hurt its business
5 years, 5 months ago

Hong Kong economy: Hong Kong’s protests are starting to hurt its business

CNN  

Hong Kong CNN Business — Hong Kong’s most serious political crisis in more than 20 years is taking its toll on the economy and beginning to shake the confidence of international investors. Paul Chan, the top finance official in Asia’s premier financial hub, said Sunday that the city’s mass demonstrations have hurt local merchants and “worried all those who are …

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