Impetus to growth will recover more this year
4 years ago

Impetus to growth will recover more this year

China Daily  

The gradual waning of COVID-19 in China last year, the normalization of the country's unconventional fiscal and monetary policies, the adjustment of its development strategies, and the rise of new growth drivers will become the most essential forces deciding the nation's economic operations this year. The country's real GDP growth rate for the full year will be significantly higher than that before the pandemic, and the growth may slow down quarter by quarter. During the first three quarters of last year, such policies increased the real GDP growth rate by 3.5 percentage points, the real consumption growth rate by 1.9 percentage points, and the actual investment growth rate by 6 to 20 percentage points. According to our estimate, if the suite of expansionary policies take full effect, China's nominal GDP will increase by 7.1 trillion yuan year-on-year in 2020, and the nominal GDP growth rate will be 7.2 percentage points higher than the previous year.

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History of this topic

China inflation hits nine-month low in December
17 hours, 50 minutes ago

China inflation hits nine-month low in December

The Hindu  

China narrowly avoided slipping into deflation in December with prices rising at their slowest pace in nine months, official figures showed Thursday, as Beijing struggles to kickstart consumer activity in the world's number two economy. "Recent economic data stabilised but the momentum is not strong enough to generate upward pressure on consumer prices yet," Zhiwei Zhang, chief economist at Pinpoint …

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 …

Vietnam PM Seeks Steps for Double-Digit GDP Growth Next Year
1 week, 5 days ago

Vietnam PM Seeks Steps for Double-Digit GDP Growth Next Year

Live Mint  

-- Vietnamese Prime Minister Pham Minh Chinh instructed the investment ministry and other authorities to work on development scenarios and measures that will enable the country to attain “double-digit” growth in gross domestic product next year. Cities and provinces have been ordered to develop expansion plans aimed at reaching the national growth goal, while ministries must set targets in their …

China to see stable growth in coming years
1 week, 6 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 raises its estimate for the size of its economy in 2023
2 weeks ago

China raises its estimate for the size of its economy in 2023

Associated Press  

BANGKOK — China’s economy grew a bit more in 2023 than earlier thought, but the revision has not affected forecasts for “about 5%” growth in the GDP this year, the government said Thursday. The estimate for total economic activity, or GDP, in 2023 for the world’s second largest economy was increased by about 2.7% to 129.4 trillion yuan, based on …

China to raise fiscal deficit next year to support struggling economy
2 weeks, 2 days ago

China to raise fiscal deficit next year to support struggling economy

Live Mint  

China, the world's second-largest economy, plans to raise fiscal deficit to boost spending in 2025 to support its struggling economy, reported AFP, citing state media. In 2024, China took several measures to boost economic growth, such as cutting interest rates, cancelling restrictions on buying houses and easing the debt burden on local governments. According to economists, more direct fiscal stimulus …

Chinese economy records steady recovery
3 weeks, 4 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 …

China’s weak consumption drags on economy as Trump tariff threat looms
3 weeks, 4 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, 4 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 …

Steps ready for stable growth of the economy
4 weeks ago

Steps ready for stable growth of the economy

China Daily  

In setting priorities for its economic policy for 2025, China is emphasizing the need to maintain stable growth, employment and commodity prices through steps including higher deficit-to-GDP ratios, the issuance of ultra-long-term special treasury bonds and interest rate cuts. The meeting reaffirmed the need to adopt a moderately loose monetary policy next year, including the rollout of rate cuts and …

Foreign banks more bullish on Chinese mkt
4 weeks ago

Foreign banks more bullish on Chinese mkt

China Daily  

Visitors gather at the finance section of the seventh China International Import Expo in Shanghai in November. GAO YANG/FOR CHINA DAILY BEIJING — As the raft of incremental policies implemented by the Chinese authorities since late September, as well as earlier policies aimed at vitalizing growth momentum, have started making a sustained and positive impact, foreign banks are becoming increasingly …

China pledges more borrowing and interest rate cuts to counter Trump’s tariff threats
4 weeks, 1 day ago

China pledges more borrowing and interest rate cuts to counter Trump’s tariff threats

CNN  

China pledged Thursday to increase the budget deficit, borrow more and loosen monetary policy to maintain stable economic growth as it girds for more trade tensions with the United States where Donald Trump is returning as president. A separate readout from state news agency Xinhua, watched by financial markets for references to the yuan currency, kept a pledge to “maintain …

Foreign trade growth on steady track
4 weeks, 2 days ago

Foreign trade growth on steady track

China Daily  

A container ship leaves Qingdao Port, Shandong province. As global demand gains momentum, China's foreign trade is expected to maintain steady growth in the coming months, surpassing the usual seasonal fluctuations observed in previous years, trade experts and exporters said on Tuesday. China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period, while exports …

India’s GDP growth slows to 5.4% in Q2, below RBI estimate: Govt data
1 month, 1 week ago

India’s GDP growth slows to 5.4% in Q2, below RBI estimate: Govt data

Hindustan Times  

NEW DELHI: India’s growth of gross domestic product slowed to a seven-quarter low during July-September quarter of 2024-25, data released by the ministry of statistics and programme implementation showed. India remains the fastest-growing major economy as China’s GDP growth in the July-September quarter this year was 4.6%. The economy expanded 5.4% in the quarter ending September 2024 from a year …

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 …

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 on track to reach growth targets
1 month, 3 weeks ago

China on track to reach growth targets

China Daily  

A visitor touches the finger of a mechanical hand at a booth at the 26th China High-Tech Fair in Shenzhen, South China's Guangdong province, Nov 15, 2024. China has "full confidence" that it will meet the growth targets for this year and remain the biggest engine of world economic growth, President Xi Jinping said on Friday, reaffirming Beijing's pledge to …

GDP goal to be met on positive cues
1 month, 3 weeks ago

GDP goal to be met on positive cues

China Daily  

The skyline of Beijing. Citing a package of incremental policy measures announced in recent months, Robin Xing, chief China economist at Morgan Stanley, noted that "recent policy dynamics signal a strong turning of overall government policy in trying to bolster economic growth, boost confidence and stabilize expectations." Xing said he expects to see additional fiscal stimulus in the coming months, …

After $1.4 trillion package, China to cut homebuying taxes to revive ailing economy
1 month, 4 weeks ago

After $1.4 trillion package, China to cut homebuying taxes to revive ailing economy

Firstpost  

In the latest step to support ailing economy, China is expected to cut taxes for buying homes, according to Bloomberg In the latest step to support its ailing economy, China is expected to cut homebuying taxes, according to Bloomberg. The decision to cut homebuying taxes would come days after the announcement of a $1.4 trillion package to bail out local …

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 Growth: A Catalyst for Global Prosperity
2 months ago

China's Growth: A Catalyst for Global Prosperity

China Daily  

China's growth is vital for global development, and the country will promote mutually beneficial cooperation and development to counter the zero-sum games being played by some Western economies. The expansion and structural optimization of China's economy will have a significant impact on global economic growth, with every 1 percentage point increase in China's growth rate boosting global economic growth by …

Incremental Policies Boost China's Economic Growth
Trending News
2 months, 1 week ago

Incremental Policies Boost China's Economic Growth

China Daily  

China's economy is showing steady growth, with trade volume and GDP growth reaching record highs. The country's incremental policies are further boosting growth potential, spurring consumption and investment. International financial institutions are optimistic about China's future growth prospects, with Goldman Sachs and J.P. Morgan raising their forecasts for the year. The vitality of the Chinese economy also comes from its …

Incremental Policies Boost China's Economic Growth
Trending News
2 months, 1 week ago

Incremental Policies Boost China's Economic Growth

China Daily  

China's economy is showing signs of continued growth, with trade volume and GDP growth reaching record highs. The recent package of incremental policies is further unlocking growth potential and boosting confidence in the country's development. International financial institutions are also raising their forecasts for China's economic growth this year.

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 …

Focus on Consumers: Experts Say as China Embraces Consumption as Growth Engine
2 months, 2 weeks ago

Focus on Consumers: Experts Say as China Embraces Consumption as Growth Engine

China Daily  

China's focus on boosting consumer confidence is gaining momentum as a key growth driver. The government plans to invest heavily in social welfare and property sectors to stimulate spending and boost confidence. This shift is expected to help overcome the challenges of weak domestic demand and geopolitical uncertainties. The IMF's recent projections indicate that China's economy could grow by 4.8% …

China's Economic Recovery on Track, With Positive Impact on GDP
2 months, 2 weeks ago

China's Economic Recovery on Track, With Positive Impact on GDP

China Daily  

China's economy is showing signs of recovery, with the GDP growing by 4.6 percent in the third quarter, higher than the 4.5 percent market expectations. The authorities have implemented various policies to boost market confidence, including reducing the reserve requirement ratio and interest rates, lowering the interest rate on existing housing loans, and issuing a stimulus package. The financial market …

China's Economic Recovery on Track, With Positive Impact on GDP
2 months, 2 weeks ago

China's Economic Recovery on Track, With Positive Impact on GDP

China Daily  

China's economy is showing signs of recovery, with the GDP growing by 4.6 percent in the third quarter, higher than the 4.5 percent market expectations. The government's policies, including reduced reserve requirements and interest rates, have helped boost market confidence and support the recovery of key industries such as manufacturing and real estate. While exports may continue to decline, the …

China's Economic Growth Soars, Boosting Hopes for Full-Year Target
2 months, 3 weeks ago

China's Economic Growth Soars, Boosting Hopes for Full-Year Target

China Daily  

China's economic growth in the third quarter has exceeded expectations, with the country's GDP growing by 4.6 percent year-on-year. This strong performance is expected to continue in the rest of the year, with analysts predicting a full-year growth target of 5.0 percent or higher. The government has also eased monetary and property policies, increased investment spending, and vowed to replace …

Q3 growth ups hopes of meeting full-year target
2 months, 3 weeks ago

Q3 growth ups hopes of meeting full-year target

China Daily  

By Zhou Lanxu and Ouyang Shijia | China Daily | Updated: 2024-10-19 07:25 A view of Beijing's CBD area on Aug 19, 2022. David Chao, Invesco's global market strategist for the Asia-Pacific region, said: "Given the recently announced stimulus measures, I'm confident that economic growth is likely to accelerate in the fourth quarter, which is likely to boost full-year 2024 …

Growth target within reach on policy effort
2 months, 3 weeks ago

Growth target within reach on policy effort

The Independent  

With a potent set of new policies being implemented on various fronts, China is on course to achieving its full-year economic growth target of around 5 per cent, signalling the resilience of the country’s economy despite challenges at home and abroad, said a senior expert. Chen Wenling, chief economist at the China Centre for International Economic Exchanges in Beijing, said …

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 GDP up by 4.6% year-on-year in Q3
2 months, 3 weeks ago

China's GDP up by 4.6% year-on-year in Q3

China Daily  

China's GDP up by 4.6% year-on-year in Q3 By Zhou Lanxu and Ouyang Shijia chinadaily.com.cn Updated: Oct 18, 2024 The inaugural train departs from Hangzhou West Station and Wenzhou North Station. China's gross domestic product grew by 4.6 percent year-on-year in the third quarter following a 4.7 percent rise in the second quarter, the National Bureau of Statistics said on …

China's Economic Turnaround: A Positive Step but Structural Issues Remain
2 months, 3 weeks ago

China's Economic Turnaround: A Positive Step but Structural Issues Remain

Hindustan Times  

China's economy is showing signs of a turnaround, with the latest round of stimulus measures expected to boost growth. The bank upgrades its forecasts for 2024 and 2025, with an upgraded growth forecast for next year to 4.7%. Despite the positive outlook, Goldman Sachs cautions that structural issues such as demographics and debt remain and pose challenges beyond 2026.

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 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 …

China's central bank cuts bank reserve rates, pledges other moves to help the economy
3 months, 2 weeks ago

China's central bank cuts bank reserve rates, pledges other moves to help the economy

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 The Chinese central bank announced …

Keys to achieving China's annual economic growth target of 5%
3 months, 2 weeks ago

Keys to achieving China's annual economic growth target of 5%

China Daily  

CAI MENG/CHINA DAILY To assess whether we can reach the annual economic growth target, we first need a reasonable analytical framework. Using the simplest expenditure method to analyze the possibility of achieving around 5 percent GDP growth in 2024, we must consider the three main components of economic growth: final consumption, capital formation, and net exports. If the expansionary policies …

More policy support to bolster growth expected
3 months, 3 weeks ago

More policy support to bolster growth expected

China Daily  

A robot operates equipment on the assembly line of an automaker in Xi'an, Shaanxi province. YUAN JINGZHI/FOR CHINA DAILY China is likely to gradually introduce new policies to bolster quality-oriented growth in the near term, as the latest indicators suggest the economy is still feeling the pinch of lackluster demand and low confidence among investors and consumers, analysts said. The …

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 industrial output, retail sales continue to rise in August
3 months, 3 weeks ago

China's industrial output, retail sales continue to rise in August

China Daily  

China reported key economic figures on Saturday showing slower growth on industrial production, consumer spending, and investments, which called for greater policy support to consolidate the country's economic recovery. Figures released on Saturday by the National Bureau of Statistics showed China's value-added industrial output, a gauge of activity in the manufacturing, mining, and utilities sectors, grew by 4.5 percent in …

China's industrial output, retail sales continue to rise in August
3 months, 3 weeks ago

China's industrial output, retail sales continue to rise in August

China Daily  

China reported key economic figures on Saturday showing slower growth on industrial production, consumer spending, and investments, which called for greater policy support to consolidate the country's economic recovery. Figures released on Saturday by the National Bureau of Statistics showed China's value-added industrial output, a gauge of activity in the manufacturing, mining, and utilities sectors, grew by 4.5 percent in …

China's industrial output, retail sales continue to rise in August
3 months, 3 weeks ago

China's industrial output, retail sales continue to rise in August

China Daily  

China reported key economic figures on Saturday showing slower growth on industrial production, consumer spending, and investments, which called for greater policy support to consolidate the country's economic recovery. Figures released on Saturday by the National Bureau of Statistics showed China's value-added industrial output, a gauge of activity in the manufacturing, mining, and utilities sectors, grew by 4.5 percent in …

Policy talk heats up on mixed factory data
4 months, 1 week ago

Policy talk heats up on mixed factory data

China Daily  

An employee works on the production line of a combine harvester manufacturer in Qingzhou, Shandong province. WANG JILIN/FOR CHINA DAILY China's manufacturing data put up a mixed performance in August, thus increasing the necessity of launching additional macroeconomic policy support measures to ensure the achievement of the country's annual growth target, economists and analysts said. The Caixin China General Manufacturing …

Robust policies, reforms key to strong economy
4 months, 1 week ago

Robust policies, reforms key to strong economy

China Daily  

The expression "consolidating the foundation and boosting vitality" has been attracting market attention recently, after Chinese authorities said during a news conference that the country will stabilize economic growth in such a manner. The decline of external demand for five consecutive months, which ended before the first quarter, positively contributed to the recovery, boosting economic growth by 0.7 percentage point …

China's new growth drivers further gain momentum: index
4 months, 1 week ago

China's new growth drivers further gain momentum: index

China Daily  

A humanoid smart robot works at an auto production facility in Ningbo, Zhejiang province. BEIJING -- China's new growth drivers have gained momentum last year as the country continued efforts to foster economic vitality and encourage technological innovation, official data showed Saturday. The reading suggested that the country's new growth drivers, featured by new industries, new business forms and models, …

Chinese economic collapse not happening
4 months, 1 week ago

Chinese economic collapse not happening

China Daily  

SHI YU/CHINA DAILY True, China's current annual rate of economic growth of about 5 percent is low compared with its growth from 1980 to 2010, when it averaged nearly 10 percent. In spite of what a 5 percent economic growth means in the global context, it has become fashionable in the West to raise the alarm over China's economy. However, …

Chinese economic collapse not happening
4 months, 1 week ago

Chinese economic collapse not happening

China Daily  

SHI YU/CHINA DAILY True, China's current annual rate of economic growth of about 5 percent is low compared with its growth from 1980 to 2010, when it averaged nearly 10 percent. In spite of what a 5 percent economic growth means in the global context, it has become fashionable in the West to raise the alarm over China's economy. However, …

Rising industrial profits propel recovery
4 months, 1 week ago

Rising industrial profits propel recovery

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. China's industrial profits rose in July at their fastest pace in five months, propelled by stable industrial production and robust new growth drivers, official data showed on Tuesday, amid signs of steady economic recovery coupled with a gradual …

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