Official: China’s economy reviving as anti-virus curbs ease
2 years, 7 months ago

Official: China’s economy reviving as anti-virus curbs ease

Associated Press  

BEIJING — China’s factory and consumer activity fell even more than expected in April under anti-virus controls, official data showed Monday, but a Cabinet official said the economy is reviving as anti-virus curbs ease and its commercial capital of Shanghai reopens. “The pace of recovery in consumption will accelerate as the impact of the epidemic is brought under control.” The ruling Communist Party is trying to reverse a deepening slowdown without giving up “zero-COVID” tactics that also have shut down sections of Beijing and other major cities to isolate every infected person. “There is still considerable uncertainty and downside risk to the near-term outlook for China if new Covid-19 outbreaks should occur in other major urban areas,” Rajiv Biswas of S&P Global Market Intelligence said in a email. “Any city that has to endure a 1-month lockdown will have its GDP in contraction on a yearly basis for that month.” Shanghai, China’s richest city, will gradually reopen shopping malls, vegetable markets, hair salons and other businesses starting Monday, the government announced.

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History of this topic

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 …

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’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 …

China's economy softens in August as Beijing continues to grapple with lagging demand
3 months, 3 weeks ago

China's economy softens in August as Beijing continues to grapple with lagging demand

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 softened in August, …

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 grew 5.3% in first quarter, beating expectations, though weak spots remain
8 months, 3 weeks ago

China’s economy grew 5.3% in first quarter, beating expectations, though weak spots remain

Associated Press  

HONG KONG — China’s economy grew faster than expected in the first quarter of the year with help from policies and stronger demand, though signs of weakness in the troubled housing market persisted. China’s economy has struggled to bounce back from the COVID-19 pandemic but gained momentum late last year as government policies to help the housing market and boost …

China's economy beats expectations, grows at 5.3% in first quarter: Top points
8 months, 3 weeks ago

China's economy beats expectations, grows at 5.3% in first quarter: Top points

Hindustan Times  

China’s economy beat expectations in the first quarter receiving a boost from policies and an increase in demand, the government said. China's economy has struggled to bounce back from the Covid pandemic as a slowdown in demand and a property crisis in the country has weighed on its growth prompting policymakers to introduce a raft of fiscal and monetary policy …

China’s economy beats expectations, growing 5.3 percent in first quarter
8 months, 3 weeks ago

China’s economy beats expectations, growing 5.3 percent in first quarter

Al Jazeera  

Statistics agency says economy has made ‘good start’ to the year under the leadership of Chinese President Xi Jinping. China’s economy grew faster than expected in the first three months of the year, a boost for policymakers grappling with a property-sector crisis, weak consumer demand and mounting government debt. The NBS said in a statement that the economy had made …

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

Year of the Dragon: China faces critical moment in push to revive economy
10 months, 3 weeks ago

Year of the Dragon: China faces critical moment in push to revive economy

Al Jazeera  

Analysts say Beijing needs to roll out measures to stimulate greater domestic consumption amid slowing growth. “China didn’t see the boost most people expected after COVID restrictions were removed in late 2022,” Kevin P Gallagher, the director of the Boston University Global Development Policy Centre, told Al Jazeera. Consumption, by contrast, is viewed as indulgent.” Shih added: “There are 1.4 …

Chinese shudders: Fewer people is bad news
11 months, 3 weeks ago

Chinese shudders: Fewer people is bad news

Live Mint  

For an economy already caught in a slowdown, Wednesday’s release of China’s population data made it a double whammy. China’s covid toll was estimated at about 11.1 million last year and 10.4 million in 2022. It now faces an adverse demographic turn, with fewer people who can contribute to economic activity even as an elderly bulge adds to its welfare …

China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery
11 months, 3 weeks ago

China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery

Associated Press  

HONG KONG — China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven. Officials from China’s National Bureau of Statistics said that measures including “strengthened macro regulation, and redoubled efforts to expand domestic demand, …

China's Xi Jinping says economic recovery 'still at critical stage', lists measures for revival
1 year, 1 month ago

China's Xi Jinping says economic recovery 'still at critical stage', lists measures for revival

Firstpost  

“It is necessary to focus on accelerating the construction of a modern industrial system, expand domestic demand, prevent and defuse risks,” said Xi As sluggish domestic activity and property sector woes drag on a post-pandemic rebound, President Xi Jinping on Friday said that China’s economic recovery is at a “critical stage”. “At present, the country’s economic recovery is still at …

Is COVID making a return to China this winter?
1 year, 1 month ago

Is COVID making a return to China this winter?

Firstpost  

China’s leading respiratory illness expert Zhong Nanshan has warned of a minor COVID-19 surge in the winter and urged the elderly and vulnerable populations to get vaccinated as soon as possible Concerned about an increase of COVID-19 infections in the current winter season, Chinese experts have issued an alert and advised vaccination for vulnerable and old groups. The Chinese Centre …

Economic policy with Chinese characteristics
1 year, 2 months ago

Economic policy with Chinese characteristics

Hindustan Times  

China’s economy has been a tailspin recently that is the result of politics as much as of objective economic conditions. To take just the case of India, the massive telecom revolution in the country would not have been possible without access to cheap Chinese products – and one might add, China’s unscrupulous economic and trade practices of stealing tech, subsidising …

Chinese factory activity contracts in October as pandemic recovery falters
1 year, 2 months ago

Chinese factory activity contracts in October as pandemic recovery falters

Associated Press  

HONG KONG — An official survey of manufacturers shows China’s factory activity contracted in October, suggesting the economy remains on uneven footing. The purchasing managers’ index, or PMI, fell to 49.5 in October on a 100-point scale, down from 50.2 last month, according to the National Bureau of Statistics and the China Federation of Logistics & Purchasing. The non-manufacturing PMI …

In a good sign for China’s struggling economy, factory activity grows for the first time in 6 months
1 year, 3 months ago

In a good sign for China’s struggling economy, factory activity grows for the first time in 6 months

Associated Press  

BEIJING — China’s factory activity in September recorded its first expansion in six months, an official survey said Saturday, providing another sign that the world’s second-largest economy is gradually improving after its post-pandemic malaise. According to the government statistics bureau and an official industry group, the monthly purchasing managers’ index rose to 50.2 this month from 49.7 in August measured …

China's economy misses growth forecasts, raising odds of more support for slow recovery
1 year, 5 months ago

China's economy misses growth forecasts, raising odds of more support for slow recovery

ABC  

China's missed economic growth forecasts for this year's second quarter is adding to worries over surging youth unemployment and a weak property sector. Key points: Growth in the Chinese economy was less than forecast this quarter Chinese youth unemployment has risen to a record high Property investment also sank by 7 per cent in the last quarter The missed growth …

China’s premier says economic growth is accelerating and the country can hit its 5% target this year
1 year, 6 months ago

China’s premier says economic growth is accelerating and the country can hit its 5% target this year

Associated Press  

BEIJING — China’s No. 2 leader said Tuesday that economic growth accelerated in the latest quarter and expressed confidence it can hit the ruling Communist Party’s official target of 5% for the year. Premier Li Qiang, speaking at a conference in the eastern city of Tianjin, gave no figure for the three months ending in June but said it was …

China’s factory, consumer activity weakens in May, youth unemployment rises
1 year, 6 months ago

China’s factory, consumer activity weakens in May, youth unemployment rises

Associated Press  

BEIJING — China’s consumer and factory activity weakened in May and record-breaking unemployment among young people in cities rose as an economic rebound following the end of anti-virus controls slowed. Growth will have to accelerate in coming quarters to hit the ruling party’s annual target of “around 5%.” “The data published today suggest that the reopening recovery had largely fizzled …

China factory output, consumption highlight frail post-COVID economic recovery
1 year, 7 months ago

China factory output, consumption highlight frail post-COVID economic recovery

The Hindu  

China's April industrial output and retail sales growth undershot forecasts, suggesting the economy lost further momentum at the start of the second quarter and adding pressure on policymakers to shore up a wobbly post-COVID recovery. "Today's weaker-than-expected data show how difficult it is to keep the growth engine running after restarting it," said Bruce Pang, chief economist at Jones Lang …

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 industrial profits slump in Jan.-Feb. as COVID pain lingers
1 year, 9 months ago

China's industrial profits slump in Jan.-Feb. as COVID pain lingers

The Hindu  

Profits at industrial firms in China declined 22.9% in the first two months of 2023 from the year before, official data showed on Monday, as the factory sector struggles to claw its way out of the slump caused by COVID-related disruptions. The contraction followed a 4% fall in industrial profits for the whole of 2022, data from the National Bureau …

Ignoring experts, China’s sudden zero-COVID exit cost lives
1 year, 9 months ago

Ignoring experts, China’s sudden zero-COVID exit cost lives

LA Times  

An elderly patient uses a ventilator in the hallway of the emergency ward in Beijing in January. Chinese state media claimed the decision to open up was based on “scientific analysis and shrewd calculation,” and “by no means impulsive.” But in reality, China’s ruling Communist Party ignored repeated efforts by top medical experts to kick-start exit plans until it was …

China sets this year’s economic growth target at ‘around 5%'
1 year, 10 months ago

China sets this year’s economic growth target at ‘around 5%'

Associated Press  

BEIJING — China’s government announced plans for a consumer-led revival of the struggling economy as its legislature opened a session Sunday that will tighten President Xi Jinping’s control over business and society. Premier Li Keqiang, the top economic official, set this year’s growth target at “around 5%” following the end of anti-virus controls that kept millions of people at home …

China’s manufacturing activity storms ahead with fastest growth in a decade post Covid-19 lull
1 year, 10 months ago

China’s manufacturing activity storms ahead with fastest growth in a decade post Covid-19 lull

Firstpost  

Beijing: Manufacturing activity in China expanded last month at the fastest pace in more than a decade, an official index revealed on Wednesday. The country’s factory output stormed ahead as production increased across sectors after stringent Covid-19 curbs were lifted in December last year. China—which is the world’s second-largest economy recorded one of its worst years in nearly half a …

China’s factory output smashes forecasts with decade-high growth
1 year, 10 months ago

China’s factory output smashes forecasts with decade-high growth

Al Jazeera  

Manufacturing Purchasing Managers’ Index hits its highest reading since 2012 following Beijing’s lifting of COVID curbs. China’s manufacturing activity expanded at the fastest pace in more than a decade in February, an official index showed, smashing expectations as production zoomed after the lifting of COVID-19 restrictions late last year. The manufacturing Purchasing Managers’ Index shot up to 52.6 from 50.1 …

China’s economic activity expands for the first time in months as Covid ‘exit wave’ ends
1 year, 11 months ago

China’s economic activity expands for the first time in months as Covid ‘exit wave’ ends

CNN  

Hong Kong CNN — Economic activity in China has expanded for the first time in four months as disruptions caused by the abrupt end of its zero-Covid policy appears to be fading. Last week, the Chinese Center for Disease Control and Prevention said in a report that China’s current wave of Covid outbreak was “nearing an end.” The official PMI …

China logs nearly 13,000 Covid deaths in a week
1 year, 11 months ago

China logs nearly 13,000 Covid deaths in a week

The Hindu  

China reported nearly 13,000 Covid-related deaths in hospitals between January 13 and 19, after a top health official said the vast majority of the population had already been infected. The death toll came a week after China said nearly 60,000 people had died with Covid in hospitals in just over a month -- but there has been widespread scepticism over …

China Reports 70% Rise In Weekly Covid Hospitalisation, Highest Since Pandemic Outbreak: WHO
1 year, 11 months ago

China Reports 70% Rise In Weekly Covid Hospitalisation, Highest Since Pandemic Outbreak: WHO

ABP News  

The World Health Organization’s weekly report on Thursday showed China reported a large jump in Covid-19 hospitalisations in the week up to January 15. This is the highest weekly figure China has recorded since the virus first emerged more than three years ago, the WHO noted, according to the news agency Reuters. However, the global body said it is still …

China’s video game makers come in from the cold as crackdown eases
1 year, 11 months ago

China’s video game makers come in from the cold as crackdown eases

The Hindu  

China's end to a sweeping crackdown on its video games market is expected to breathe life back into the battered industry this year, but remaining restrictions on some content and economic headwinds will limit the extent of the recovery. Shares of Tencent, the world's largest gaming company, and NetEase rose this week after China's video games regulator granted the first …

US, Chinese officials discuss climate, economy, relationship
1 year, 11 months ago

US, Chinese officials discuss climate, economy, relationship

Associated Press  

ZURICH — U.S. Treasury Secretary Janet Yellen met on Wednesday with her Chinese counterpart and pledged an effort to manage differences and “prevent competition from becoming anything ever near conflict” as the two nations try to thaw relations. A U.S. Treasury readout of the 2 1/2-hour meeting says the two agreed that the U.S. and China would cooperate more on …

China’s economic growth falls to 3%, gradually reviving
1 year, 11 months ago

China’s economic growth falls to 3%, gradually reviving

Associated Press  

BEIJING — China’s economic growth fell to its second-lowest level in at least four decades last year under pressure from anti-virus controls and a real estate slump, but activity is reviving after restrictions that kept millions of people at home and sparked protests were lifted. Economic growth sank to 2.9% over a year earlier in the three months ending in …

China economy grows 3% in 2022, one of weakest in 40 years: Official data
1 year, 11 months ago

China economy grows 3% in 2022, one of weakest in 40 years: Official data

Hindustan Times  

China's economy grew 3.0 per cent in 2022, official data released Tuesday showed, one of the weakest rates in 40 years owing to the Covid-19 pandemic and a real estate crisis. In the fourth quarter, China's economy grew 2.9 per cent year-on-year, compared with 3.9 per cent in the third quarter, the National Bureau of Statistics said. The world's second-largest …

China’s economy grew 3 per cent last year, not even half 2021's rate
1 year, 11 months ago

China’s economy grew 3 per cent last year, not even half 2021's rate

Firstpost  

China’s economic growth fell to 3 per cent last year under pressure from antivirus controls and a real estate slump but is gradually reviving after restrictions that kept millions of people at home were lifted. Beijing: China’s economic growth fell to 3 per cent last year under pressure from antivirus controls and a real estate slump but is gradually reviving …

China’s economy grows 3% in 2022, hit by lockdowns, Covid surge
1 year, 11 months ago

China’s economy grows 3% in 2022, hit by lockdowns, Covid surge

The Hindu  

China’s economy grew 3% in 2022, the second-slowest growth rate since the last year of Mao Zedong’s Cultural Revolution in 1976, with the last quarter of the year seeing declining growth as the country dealt with a sweeping COVID-19 surge. The past year, however, has seen China’s “zero-Covid” policy, which was discontinued in early December, extract heavy economic tolls. Kang …

Chinese city-dwellers head to hometowns as holidays raise Covid stakes
1 year, 11 months ago

Chinese city-dwellers head to hometowns as holidays raise Covid stakes

India Today  

Passengers laden with luggage flocked to rail stations and airports in China's megacities on Monday, heading to their hometowns for the Lunar New Year holidays that health experts fear could intensify a raging Covid-19 outbreak in areas less equipped to handle it. As well as fever drugs and oxygen supplies, China's National Health Commission has said it would equip every …

IMF chief's advice to China on reopening economy amid Covid
1 year, 11 months ago

IMF chief's advice to China on reopening economy amid Covid

Hindustan Times  

The head of the International Monetary Fund urged China to move forward with reopening its economy, calling the nation’s transition from a Covid Zero policy to more normal functioning likely the single most important factor for global growth in 2023. Read here: WHO says Covid deaths in China ‘heavily underreported’; praises US transparency The Washington-based financial institution believes that a …

China economy recovering but hampered by virus outbreaks
1 year, 11 months ago

China economy recovering but hampered by virus outbreaks

Associated Press  

BEIJING — Wang Jian is anxious to get back to work teaching basketball to children now that China has lifted anti-COVID-19 restrictions. “If parents worry about possible reinfection, they simply won’t send their children for training.” The abrupt decision by President Xi Jinping’s government to end controls that shut down factories and kept millions of people at home will move …

Six fallacies and truths about China's epidemic control
1 year, 11 months ago

Six fallacies and truths about China's epidemic control

China Daily  

A medical worker injects a booster shot of COVID-19 vaccine for a resident at Aoyuncun Subdistrict in Chaoyang District, Beijing, July 13, 2022. Striving to effectively coordinate the epidemic response with economic and social development, China had won the tough battle against poverty on schedule and finished building a moderately prosperous society in all respects, getting off to a good …

70% of Chinese megacity infected with Covid, doctor says
2 years ago

70% of Chinese megacity infected with Covid, doctor says

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. WHO officials have met counterparts from China’s National Health …

70% of Shanghai's 25 million people may have had Covid: Top doctor
2 years ago

70% of Shanghai's 25 million people may have had Covid: Top doctor

Hindustan Times  

At least 70 percent of Shanghai's population may have been infected with Covid amid China's massive surge in infections, a top doctor at one of Shanghai's hospital said, state media reported. Chen Erzhen, vice president at Ruijin Hospital and a member of Shanghai's Covid expert advisory panel, said that the majority of the the city's population- 25 million people- may …

Covid has infected over 70% population in this Chinese city in recent surge
2 years ago

Covid has infected over 70% population in this Chinese city in recent surge

Live Mint  

Around 70% of Shanghai's total population has been infected by COVID during the recent surge in China, a senior doctor at one of Shanghai's top hospitals expressed recently as reported by the state media on Tuesday. "Now the spread of the epidemic in Shanghai is very wide, and it may have reached 70 percent of the population, which is 20 …

China’s economy reels as Beijing lifts ‘zero-covid’ measures
2 years ago

China’s economy reels as Beijing lifts ‘zero-covid’ measures

Live Mint  

BEIJING : Chinese manufacturing and service-sector activity fell to their lowest levels since the initial throes of the coronavirus pandemic in early 2020, highlighting the breadth of the tumult as waves of infections roar through the world’s second-largest economy following Beijing’s abrupt decision to scrap its draconian “zero-Covid" measures. China’s official manufacturing purchasing managers index fell to 47.0 in December, …

China’s economy reels as Beijing lifts ‘Zero-Covid’ measures
2 years ago

China’s economy reels as Beijing lifts ‘Zero-Covid’ measures

Live Mint  

Chinese manufacturing and service-sector activity fell to their lowest levels since the initial throes of the coronavirus pandemic in early 2020, highlighting the breadth of the tumult as waves of infections roar through the world’s second-largest economy following Beijing’s abrupt decision to scrap its draconian “zero-Covid” measures. China’s official manufacturing purchasing managers index fell to 47.0 in December, the lowest …

China's manufacturing activity drops despite lifted COVID restrictions
2 years ago

China's manufacturing activity drops despite lifted COVID restrictions

Firstpost  

For more than two years, China had insisted on a zero-COVID strategy of stamping out outbreaks with strict quarantines, lockdowns and mass testing Beijing, China: China’s manufacturing activity contracted sharply in December for the third month in a row, according to official figures released Saturday, despite Beijing’s loosening of COVID restrictions at the beginning of the month. For more than …

China's manufacturing activity contracts ‘sharply’ in December despite lifted Covid restrictions
2 years ago

China's manufacturing activity contracts ‘sharply’ in December despite lifted Covid restrictions

Hindustan Times  

China's manufacturing activity contracted sharply in December for the third month in a row, according to official figures released Saturday, despite Beijing's loosening of Covid restrictions at the beginning of the month. The Purchasing Managers' Index -- a key gauge of manufacturing in the world's second-biggest economy -- came in at 47 points, down from November's 48 and well below …

China faces bumpy road to normal as infections surge
2 years ago

China faces bumpy road to normal as infections surge

Associated Press  

BEIJING — After three years of quarantines pushed them close to shutting down, restaurant owner Li Meng and his wife are hoping for business to rebound after China rolled back severe anti-virus controls. “People are going back to work, and I’ve seen children in the malls,” said Yang Mingyue, a 28-year-old Beijing resident. “If the virus were highly infectious and …

China economy again on bumpy road as Covid infection surge detracts recovery
2 years ago

China economy again on bumpy road as Covid infection surge detracts recovery

India TV News  

With resurge of Covid cases, China economy once again is staring at downfall trend. "If the virus were highly infectious and everyone's life were in danger, the government wouldn't let go.” On Tuesday, the government announced it would relax restrictions on travel out of China and resume issuing passports for tourist travel for the first time in nearly three years. …

DC Edit | China endangering world again
2 years ago

DC Edit | China endangering world again

Deccan Chronicle  

China’s healthcare system is buckling under the strain of its latest and outlandish decision of taking down all Covid controls so rapidly that the country is endangering the world all over again. From late 2019 in Wuhan where the pathogen may have jumped species to spread panic over the coronavirus to the close of 2022, China took several decisions that …

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