China’s factories are producing more but the economy is still very fragile
4 years, 7 months ago

China’s factories are producing more but the economy is still very fragile

CNN  

Hong Kong CNN Business — Production at China’s factories is growing for the first time since the coronavirus pandemic began. China’s economy shrank 6.8% in the first three months of 2020 compared to a year earlier, amounting to about 693 billion yuan in lost output. While the International Monetary Fund still expects China’s GDP to grow 1.2% this year, analysts warn that the country’s recovery will be drawn out. The country’s recovery “continues but remains highly uneven,” Evans-Pritchard wrote, adding that the sectors of China’s economy that are driven by consumers are still struggling.

Economy China Country Beijing Ing  cases  chinas  output  countrys  country  factories  rate  economy  evanspritchard  producing  china  fragile

History of this topic

Asia’s factories end 2024 on weak footing as Trump 2.0 risks mount
1 week ago

Asia’s factories end 2024 on weak footing as Trump 2.0 risks mount

Live Mint  

- Asia's factory powerhouses ended 2024 on a soft note as expectations for the new year soured amid growing trade risks from a second Donald Trump presidency and persistently weak Chinese demand. A series of manufacturing purchasing managers' indexes for December from across the region published on Thursday showed factory activity slowing in China and South Korea although there were …

China’s economy is burdened by years of excess. Here’s how bad it really is.
1 week, 1 day ago

China’s economy is burdened by years of excess. Here’s how bad it really is.

Live Mint  

China’s go-go days are behind it as the world’s second-largest economy struggles with the bursting of the biggest real-estate bubble ever. China’s economy today is burdened with excess: Millions of empty or unfinished apartment blocks, trillions of dollars in debt straining local governments and ballooning industrial production driving an export surge that is igniting trade tensions worldwide. Nonetheless, the scale …

China’s economy has not peaked
1 week, 1 day ago

China’s economy has not peaked

Live Mint  

What happens to the world economy and global geopolitics in 2025 will depend significantly on China, the world’s largest exporter and second-largest consumer market. And the property-market crisis finally seems to be moderating, with transactions increasing following the government’s bold intervention to support the sector, which, directly and indirectly, accounts for one-third of the Chinese economy. This helps to explain …

China Sees Manufacturing Sector Expand At Muted Pace In December
1 week, 2 days ago

China Sees Manufacturing Sector Expand At Muted Pace In December

ABP News  

The manufacturing activity in China climbed for the third consecutive month in December, however, the pace remained marginal, an official factory survey showed on Tuesday. However, authorities remain optimistic that fiscal and monetary measures released later in the year would lead to a turnaround in the property market, which has weighed down the broader economy. An improvement in domestic demand …

China to see stable growth in coming years
1 week, 5 days ago

China to see stable growth in coming years

China Daily  

Intelligent robots work on a vehicle production line in Changchun, Jilin province, on April 24, 2024. China will continue to see stable GDP growth in the coming years as the world's second-largest economy shows strong resilience boosted by its technological and innovative capability and more supportive government policies to drive domestic demand and high-quality development, experts said on Friday. Wang …

China's industrial firms see higher revenue in Jan-Nov
1 week, 6 days ago

China's industrial firms see higher revenue in Jan-Nov

China Daily  

BEIJING - The performance of major Chinese industrial enterprises continued to recover in November as a series of government policies came into play. From January to November, the operating revenue of major industrial enterprises reached 123.48 trillion yuan, up 1.8 percent year-on-year, according to the National Bureau of Statistics on Friday. In November alone, the operating revenue of China's major …

November blues: Retail slump, property woes show China’s economy not responding to Xi’s push
3 weeks, 3 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’s weak consumption drags on economy as Trump tariff threat looms
3 weeks, 3 days 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 …

Chinese economy records steady recovery
3 weeks, 3 days ago

Chinese economy records steady recovery

China Daily  

China's economy showed a steady recovery trend supported by key economic indicators released on Monday by the National Bureau of Statistics, amid a slew of policy incentives that boosted market confidence. Output of industries above a designated level grew by 5.4 percent year-on-year in November, a 0.1 percentage point higher than last month. Retail sales, a key measurement of consumer …

Chinese economy records steady recovery
3 weeks, 3 days ago

Chinese economy records steady recovery

China Daily  

China's economy showed a steady recovery trend supported by key economic indicators released on Monday by the National Bureau of Statistics, amid a slew of policy incentives that boosted market confidence. Output of industries above a designated level grew by 5.4 percent year-on-year in November, a 0.1 percentage point higher than last month. Retail sales, a key measurement of consumer …

Prices won’t stop falling in China, and Beijing is grasping for solutions
3 weeks, 5 days ago

Prices won’t stop falling in China, and Beijing is grasping for solutions

Live Mint  

The country that invented paper is making way too much of it. So Shandong Chenming Paper, one of China’s biggest paper manufacturers, did what any company faced with overcapacity would do: It cut prices to unload more supply while it tried to ride out the storm. This week, China’s 24-man Politburo said it would implement more proactive fiscal policy and …

China's economy to sustain recovery in Nov-Dec: NDRC
Trending News
1 month, 3 weeks ago

China's economy to sustain recovery in Nov-Dec: NDRC

China Daily  

BEIJING - China's economy is expected to maintain its recovery momentum in November and December thanks to the effectiveness of the country's policy toolkit, the National Development and Reform Commission said on Tuesday. The commission, the country's top economic planner, is working with other parties to achieve the full-year growth target, said NDRC spokesperson Li Chao at a press conference. …

China's economy to sustain recovery in Nov-Dec: NDRC
1 month, 3 weeks ago

China's economy to sustain recovery in Nov-Dec: NDRC

China Daily  

Xinhua | Updated: 2024-11-19 11:20 BEIJING - China's economy is expected to maintain its recovery momentum in November and December thanks to the effectiveness of the country's policy toolkit, the National Development and Reform Commission said on Tuesday. The commission, the country's top economic planner, is working with other parties to achieve the full-year growth target, said NDRC spokesperson Li …

Bailing out China's economy has suddenly become more urgent
1 month, 3 weeks ago

Bailing out China's economy has suddenly become more urgent

ABC  

Beijing is clearly rattled. Trump's trade war timetable If Donald Trump lives up to his word, China is expected to lose its World Trade Organisation 'favoured nation status' with the US, as a first step, before imposing tariffs on the country and then, possibly, the rest of the world. "We are assuming a 60 per cent tariff hike on about …

Will China attempt economic revival markets seek post-COVID with multi-trillion-yuan initiatives?
2 months ago

Will China attempt economic revival markets seek post-COVID with multi-trillion-yuan initiatives?

Live Mint  

China is expected to unveil significant economic measures Friday at the conclusion of the National People's Congress Standing Committee meeting, aiming to revive its struggling economy, AP reported. Analysts believe China may need substantial, multi-trillion-yuan initiatives to reinvigorate growth in the world’s second-largest economy, which has yet to recover fully from the COVID-19 pandemic. Any new spending or economic boost …

China has been plunged into a major financial crisis - this is how it could damage the investments in YOUR pension or Isa: JOHN-PAUL FORD ROJAS
2 months, 1 week ago

China has been plunged into a major financial crisis - this is how it could damage the investments in YOUR pension or Isa: JOHN-PAUL FORD ROJAS

Daily Mail  

China is in a major economic crisis - perhaps the most serious since it set out on its dizzying trajectory of economic growth more than four decades ago. The People's Bank of China is taking action against a screeching slowdown in economic growth by cutting interest rates and offering more support to banks and the housing sector 'It is fair …

China's Economic Stability: A Steady Beacon Amid Global Uncertainty
2 months, 1 week ago

China's Economic Stability: A Steady Beacon Amid Global Uncertainty

China Daily  

China's economy remains a stabilizing force in the global economy, despite the challenges of global geopolitical rivalries and rising government debt. The country's structural reforms and high-quality development strategies have contributed to its stability and growth. China's commitment to high-quality development and its willingness to engage in global trade and cooperation remain crucial for maintaining its economic prosperity and stability …

$1.80 dinners and budget clothes? The spread of frugality is hurting China’s economy
2 months, 2 weeks ago

$1.80 dinners and budget clothes? The spread of frugality is hurting China’s economy

LA Times  

China’s 1.4 billion consumers once spent with enough abandon to help drive the global economy. While the bigger factor is a worsening real estate downturn, which has eroded demand for commodities and diminished a crucial vehicle for household wealth and investment, economists say China’s economy is unlikely to recover without a rise in domestic spending. Chinese consumers are going through …

China’s economy grows at a 4.6% rate in the last quarter, falls short of the official target
2 months, 3 weeks ago

China’s economy grows at a 4.6% rate in the last quarter, falls short of the official target

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. The latest data show the world’s second largest economy …

Here’s How Bad China’s Economy Really Is. Can It Be Fixed?
2 months, 3 weeks ago

Here’s How Bad China’s Economy Really Is. Can It Be Fixed?

Bloomberg  

China’s economic growth target of 5% this year is looking ambitious, given sluggish consumer spending, an uncertain outlook for the country’s exports and a still shaky property market. Fewer than a fifth of economists surveyed by Bloomberg Terminal Bloomberg were predicting gross domestic product would expand by 5% in 2024, as analysts at lenders such as Bank of America Corp. …

Stimulus Measures to Ignite Chinese Economy
2 months, 3 weeks ago

Stimulus Measures to Ignite Chinese Economy

China Daily  

China's economy is expected to pick up pace in the fourth quarter, supported by a slew of bolder-than-expected stimulus measures. The focus will be on tackling issues faced by enterprises, spurring consumption, and stabilizing the real estate sector to achieve the country's annual growth target of 5 percent.

Stimulus Measures to Rev Up China's Economy
2 months, 3 weeks ago

Stimulus Measures to Rev Up China's Economy

China Daily  

China's economy is expected to pick up pace in the fourth quarter, supported by a combination of monetary and fiscal stimulus measures. The focus will be on tackling issues faced by enterprises, spurring consumption, and stabilizing the real estate sector to achieve the country's growth target of 5 percent.

China's exports showing remarkable resilience despite headwinds
2 months, 3 weeks ago

China's exports showing remarkable resilience despite headwinds

China Daily  

Dongguan in South China's Guangdong province is a busy port on the Pearl River. As of August 2024, China's export share to ASEAN reached 16.7 percent, a 4.4 percentage points increase from the end of 2017. ASEAN's share of US imports has been on a steady upward trend since 2012, reaching 15.3 percent as of June 2024, surpassing China's share …

China factory surveys show economy weakening, as Beijing steps up support
3 months, 1 week ago

China factory surveys show economy weakening, as Beijing steps up support

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 weakened further in …

Country's foreign trade shows strong resilience
3 months, 4 weeks ago

Country's foreign trade shows strong resilience

China Daily  

Container vessels unload cargo at a terminal in Qingdao, Shandong province, in August. China's foreign trade has continued to demonstrate strong resilience, and the nation's enhanced export channels with emerging economies, coupled with ongoing support from its opening-up policies, will drive its economic growth throughout the year despite external challenges, government officials and experts said. According to the General Administration …

China’s August exports grow a robust 8.7%, beating forecasts while imports soften
3 months, 4 weeks ago

China’s August exports grow a robust 8.7%, beating forecasts while imports soften

Associated Press  

HONG KONG — China’s exports grew for a fifth consecutive month, in a sign of growing demand abroad even as imports fell amid a slowing Chinese economy. Exports in August expanded by 8.7% to $308.65 billion compared to the same period last year, according to data released by China’s customs office Tuesday, beating economists’ estimates of about 6.5%. “Imports volumes …

China's industrial profits climb in July
4 months, 1 week ago

China's industrial profits climb in July

China Daily  

Vehicles are under examination at a smart factory of Seres Group in Liangjiang New Area, Southwest China's Chongqing municipality, April 25, 2024. Profits at China's major industrial firms grew at a faster pace in July, official data showed on Tuesday, underlining the resilience of the manufacturing sector which has helped support the steady economic growth. For the January-July period, China's …

China's industrial profits climb in July
4 months, 1 week ago

China's industrial profits climb in July

China Daily  

Profits at China's major industrial firms grew at a faster pace in July, official data showed on Tuesday, underlining the resilience of the manufacturing sector which has helped support the steady economic growth. For the January-July period, China's industrial profits increased 3.6 percent year-on-year, following a 3.5 percent growth in the first six months. Among the 41 major industrial sectors …

Chinese economy advances with steady growth momentum
4 months, 3 weeks ago

Chinese economy advances with steady growth momentum

China Daily  

The skyline of Beijing. Last month, a broad range of key indicators maintained steady expansion, with production and demand on the rise, overall employment remaining stable, and new growth drivers building up, according to the National Bureau of Statistics. Last month, retail sales of consumer goods went up 2.7 percent year on year to nearly 3.78 trillion yuan, accelerating from …

China's factory output disappoints, dashing hopes for speedy recovery
4 months, 3 weeks ago

China's factory output disappoints, dashing hopes for speedy recovery

The Hindu  

China's factory output growth slowed and missed expectations in July, adding to a series of indicators that show the world's second-largest economy is struggling to kick into a higher gear, even with recent government support. "The data shows that the economy has gotten off to a weak start in the second half of the year, and it is expected that …

China’s economy fails to pick up after worst stretch in five quarters
4 months, 3 weeks ago

China’s economy fails to pick up after worst stretch in five quarters

Hindustan Times  

China’s weakening economic momentum failed to pick up as sluggish confidence weighs on consumption and investment, putting the government’s annual growth target at risk. “It tells us that maybe one day, the weakness in the demand-side will return to bite the other side.” The latest snapshot of the $17 trillion economy shows domestic demand is barely benefiting from recent government …

China reports growth in the consumer economy
4 months, 3 weeks ago

China reports growth in the consumer economy

China Daily  

chinadaily.com.cn| Updated :2024-08-15 China reported major economic data on Thursday that pointed to faster growth on the consumer side while both industrial production and investment grew at a slower pace in July. Figures released on Thursday by the National Bureau of Statistics showed China's retail sales, a key measurement of consumer spending, grew by 2.7 percent year-on-year in July, up …

China reports growth in the consumer economy
4 months, 3 weeks ago

China reports growth in the consumer economy

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2024-08-15 10:01 China reported major economic data on Thursday that pointed to faster growth on the consumer side while both industrial production and investment grew at a slower pace in July. Figures released on Thursday by the National Bureau of Statistics showed China's retail sales, a key measurement of consumer spending, grew by …

Guangdong's imports and exports surge in July
4 months, 4 weeks ago

Guangdong's imports and exports surge in July

China Daily  

An overview of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone in Shenzhen, Guangdong province, Aug 23, 2023. South China's Guangdong province achieved a foreign trade volume of more than 800 billion yuan in July, up year-on-year by 15.5 percent, Guangdong Customs statistics revealed on Monday. Through the first seven months of the year, Guangdong achieved an export …

China’s exports grow 7% in July, under forecasts, while imports gain momentum
5 months ago

China’s exports grow 7% in July, under forecasts, while imports gain momentum

Associated Press  

BANGKOK — China’s exports rose 7% in July from a year earlier, below economists’ forecasts for growth closer to 10% as trade tensions and weakening growth in the United States and other major markets weighed on demand. Imports climbed 7.2% to $215.9 billion, picking up momentum on stronger trade with other Asian countries that now supply many industrial components, materials …

Recovery likely to gain a firmer footing, experts say
5 months, 1 week ago

Recovery likely to gain a firmer footing, experts say

China Daily  

A view of Beijing's CBD area on Nov 29, 2023. China's economic recovery is expected to gain a firmer footing in the remainder of the year, as policymakers are poised to roll out a package of stimulus measures aimed at stabilizing growth and deepening structural reforms in the second half, analysts said on Wednesday. Citing key measures mapped out at …

Xi Jinping sets the course for China's economy for the next decade as he prepares for a fourth term
5 months, 2 weeks ago

Xi Jinping sets the course for China's economy for the next decade as he prepares for a fourth term

ABC  

The conclusion of the Chinese Communist Party's 20th Third Plenum marks a significant moment in Chinese politics, as Xi Jinping appears to be laying the groundwork for an unprecedented fourth term. The Third Plenum's communiqué sets a reform deadline of 2029 and emphasises the decisive significance of the "Two Establishes", which solidify Xi's core position in the Party and the …

China's economic vibrancy strengthens the global economy
5 months, 3 weeks ago

China's economic vibrancy strengthens the global economy

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. These updates have provided a solid foundation for achieving China's anticipated economic targets within the current year, sending a strong signal for the international community that the stable and the long-term development trajectory of China's economy will not be changed. With the start of this year, …

Chinese economy resilient to fluctuations
5 months, 3 weeks ago

Chinese economy resilient to fluctuations

China Daily  

SHI YU/CHINA DAILY China's GDP grew by 5.0 percent in the first half of this year, with the second quarter growth of 4.7 percent being slightly lower than the first quarter. The GDP growth figures show not only the resilience and dynamism of the Chinese economy amid global economic uncertainties and domestic structural adjustments but also the effectiveness of government …

Chinese economy resilient to fluctuations
5 months, 3 weeks ago

Chinese economy resilient to fluctuations

China Daily  

SHI YU/CHINA DAILY China's GDP grew by 5.0 percent in the first half of this year, with the second quarter growth of 4.7 percent being slightly lower than the first quarter. The GDP growth figures show not only the resilience and dynamism of the Chinese economy amid global economic uncertainties and domestic structural adjustments but also the effectiveness of government …

China’s Communist Party charts technology- and security-focused development for reviving the economy
5 months, 3 weeks ago

China’s Communist Party charts technology- and security-focused development for reviving the economy

Associated Press  

BANGKOK — In a year of major elections that will determine the destinies of many countries, China’s ruling Communist Party is holding closed, top-level meetings in Beijing to set strategies for reviving its slowing economy. State broadcaster CCTV said the agenda for this year’s meetings is to study and endorse “all-around deepening reforms.” Nearly a half-century after the late leader …

China’s economy slowed in the last quarter as weak consumer demand dragged on growth
5 months, 3 weeks 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 …

China needs more momentum in its economic recovery
6 months ago

China needs more momentum in its economic recovery

China Daily  

CAI MENG/CHINA DAILY China's economy is still in a post-pandemic recovery stage, with production indicators in January and February showing positive trends. From January to April, China's exports grew 11.4 percent year-on-year, and manufacturing investment maintained a rapid growth rate. Driven by exports and manufacturing investment, industrial production recovered relatively well, with a growth rate of 6 percent from January …

Surveys show Chinese economy growing but at modest pace
6 months, 1 week ago

Surveys show Chinese economy growing but at modest pace

Associated Press  

BANGKOK — Surveys of Chinese factory managers showed a mixed outlook for the world’s second-largest economy in June, with growth steady but not picking up much steam. “From the perspective of output, China’s economy is maintaining expansion, but the momentum of recovery still needs to be consolidated,” the official Xinhua News Agency cited Zhao Qinghe, senior statistician for the National …

China's industrial profits up 3.4% in January-May
6 months, 1 week ago

China's industrial profits up 3.4% in January-May

China Daily  

Xinhua| Updated :2024-06-28 BEIJING -- Profits of China's major industrial firms increased 3.4 percent year-on-year in the first five months of the year, official data showed Thursday. The profits of the equipment manufacturing sector continued to increase rapidly in the January-May period, with the combined profits of the sector gaining 11.5 percent year-on-year, said the NBS. The surge contributed 3.6 …

China's industrial profits up 3.4% in January-May
6 months, 1 week ago

China's industrial profits up 3.4% in January-May

China Daily  

Profits of China's major industrial firms increased 3.4 percent year-on-year in the first five months of the year, official data showed Thursday. The profits of the equipment manufacturing sector continued to increase rapidly in the January-May period, with the combined profits of the sector gaining 11.5 percent year-on-year, said the NBS. The surge contributed 3.6 percentage points to the country's …

Chinese firms in US upbeat amid dropoff
6 months, 1 week ago

Chinese firms in US upbeat amid dropoff

China Daily  

Despite facing a "significant performance downturn" last year, Chinese companies operating in the United States expect rising revenue trends in the long term, according to a survey. According to Hu Wei, the chairman of the CGCC, who is also the CEO of Bank of China USA, the survey shows the following key trends: "Surveyed companies' negative perceptions of the business …

China's industrial profits up 3.4% in January-May
6 months, 1 week ago

China's industrial profits up 3.4% in January-May

China Daily  

Profits of China's major industrial firms increased 3.4 percent year-on-year in the first five months of the year, official data showed Thursday. The profits of the equipment manufacturing sector continued to increase rapidly in the January-May period, with the combined profits of the sector gaining 11.5 percent year-on-year, said the NBS. The surge contributed 3.6 percentage points to the country's …

China's economy maintains recovery momentum
6 months, 3 weeks ago

China's economy maintains recovery momentum

China Daily  

By Ouyang Shijia| chinadaily.com.cn| Updated :2024-06-17 China's economy continued the recovery trend in May amid a steady rebound in demand, 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 5.6 percent in May from a year earlier after 6.7 percent in April, …

Challenging the Western narrative on the Chinese economy
6 months, 3 weeks ago

Challenging the Western narrative on the Chinese economy

China Daily  

Export-bound vehicles await loading at Lianyungang Port, Jiangsu province. WANG CHUN/FOR CHINA DAILY In the face of the constant stream of data released in May, which vividly showcases the positive signals emitted by the Chinese economy, it is crucial to take a stand against the often-biased Western narrative that attempts to distort or undermine China's remarkable economic progress. This aspect …

Discover Related