Opinion | What happens in China doesn’t stay in China
5 years, 10 months ago

Opinion | What happens in China doesn’t stay in China

Live Mint  

China’s GDP growth forecast of 6-6.5% for 2019 is worrisome for the global economy. London-based research firm Capital Economics reckons that China’s growth could dip as low as 2% in the next decade because both its workforce and productivity levels are in decline. In a speech last week, Chinese Premier Li Keqiang warned lawmakers of a “grave and more complicated environment”, called for a “tough struggle” and announced $300 billion in tax cuts and corporate pension payments, much bigger than the $190 billion-worth slashed last year. In all this, India remains a bright spot, with the government projecting 7% GDP growth this fiscal year, which would let it retain its tag as the world’s fastest-growing major economy.

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History of this topic

Trump worry in China: Export hubs Shanghai, Guangdong cut GDP targets over external pressure
12 minutes ago

Trump worry in China: Export hubs Shanghai, Guangdong cut GDP targets over external pressure

Firstpost  

Shanghai and Guangdong, key economic powerhouses, both announced growth targets of “around 5 per cent,” down from the 5.5-6 per cent range set by several central and eastern provinces earlier this week China faces economic challenges as Trump hints at steep tariffs and other challenges. File image/Reuters China’s major exporting hubs have cut their economic growth targets for 2025, citing …

India to lead South Asia’s Economic Growth in 2025 says UN Report
4 days, 20 hours ago

India to lead South Asia’s Economic Growth in 2025 says UN Report

Deccan Chronicle  

Mumbai: The Indian economy is projected to expand by 6.6 per cent in 2025 and 6.8 per cent in 2026, primarily supported by robust private consumption and investment, export growth in services and certain manufactured goods according to a United Nations World Economic Situation and Prospects Report 2025. According to the report, the near-term outlook for South Asia is expected …

China inflation hits nine-month low in December
6 days, 3 hours 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’s economy is burdened by years of excess. Here’s how bad it really is.
2 weeks 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 Sees Manufacturing Sector Expand At Muted Pace In December
2 weeks 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 …

每日一词 | 第五次全国经济普查 fifth national economic census
Top News
2 weeks, 1 day ago

每日一词 | 第五次全国经济普查 fifth national economic census

China Daily  

2024年12月26日，第五次全国经济普查主要数据正式对外公布。普查结果显示，2023年国内生产总值已经接近130万亿元，经济总量稳居世界第二，五年来我国对世界经济增长的贡献率平均在30%左右，是全球经济发展的最大增长源。 China published the results of its fifth national economic census on December 26, 2024. China's gross domestic product in 2023 reached nearly 130 trillion yuan according to the census results. As the world's second-largest economy, the country's average contribution to global economic growth has remained around 30 percent for the past five years, making it the largest driving force …

每日一词 | 第五次全国经济普查 fifth national economic census
Top News
2 weeks, 1 day ago

每日一词 | 第五次全国经济普查 fifth national economic census

China Daily  

2024年12月26日，第五次全国经济普查主要数据正式对外公布。普查结果显示，2023年国内生产总值已经接近130万亿元，经济总量稳居世界第二，五年来我国对世界经济增长的贡献率平均在30%左右，是全球经济发展的最大增长源。 China published the results of its fifth national economic census on December 26, 2024. China's gross domestic product in 2023 reached nearly 130 trillion yuan according to the census results. As the world's second-largest economy, the country's average contribution to global economic growth has remained around 30 percent for the past five years, making it the largest driving force …

每日一词 | 第五次全国经济普查 fifth national economic census
Top News
2 weeks, 1 day ago

每日一词 | 第五次全国经济普查 fifth national economic census

China Daily  

2024年12月26日，第五次全国经济普查主要数据正式对外公布。普查结果显示，2023年国内生产总值已经接近130万亿元，经济总量稳居世界第二，五年来我国对世界经济增长的贡献率平均在30%左右，是全球经济发展的最大增长源。 China published the results of its fifth national economic census on December 26, 2024. China's gross domestic product in 2023 reached nearly 130 trillion yuan according to the census results. As the world's second-largest economy, the country's average contribution to global economic growth has remained around 30 percent for the past five years, making it the largest driving force …

每日一词 | 第五次全国经济普查 fifth national economic census
2 weeks, 1 day ago

每日一词 | 第五次全国经济普查 fifth national economic census

China Daily  

2024年12月26日，第五次全国经济普查主要数据正式对外公布。普查结果显示，2023年国内生产总值已经接近130万亿元，经济总量稳居世界第二，五年来我国对世界经济增长的贡献率平均在30%左右，是全球经济发展的最大增长源。 China published the results of its fifth national economic census on December 26, 2024. China's gross domestic product in 2023 reached nearly 130 trillion yuan according to the census results. As the world's second-largest economy, the country's average contribution to global economic growth has remained around 30 percent for the past five years, making it the largest driving force …

China to see stable growth in coming years
2 weeks, 4 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, 6 days 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
3 weeks, 1 day 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 …

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’s weak consumption drags on economy as Trump tariff threat looms
4 weeks, 2 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 …

Steps ready for stable growth of the economy
1 month 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
1 month 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 …

Govt confident of economic rebound despite global challenges, says Piyush Goyal
1 month ago

Govt confident of economic rebound despite global challenges, says Piyush Goyal

Live Mint  

New Delhi: Despite global uncertainties owing to supply-chain disturbances following the Red Sea crisis, union commerce and industry minister Piyush Goyal has said he was confident that India's economic growth would be back on track by the end of the fiscal year. Speaking at Times Network’s India Economic Conclave on Thursday, Goyal said, "There was an election in the first …

Foreign trade growth on steady track
1 month 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 …

Already, China is Shaking The World
1 month, 1 week ago

Already, China is Shaking The World

China Daily  

As Bonaparte said, let China sleep for when she awakes she will shake the World. Janet Yellen was forced to complain China's economy was too big for the World to cope when the West imposed tariffs on China's EVs whining about "over-capacity" rather than actual "dumping". "Donald Trump called former US president Jimmy Carter to discuss fear China is ‘getting …

India to contribute 20 pc of global workforce growth between 2023-2050, China share to decline: Report
1 month, 3 weeks ago

India to contribute 20 pc of global workforce growth between 2023-2050, China share to decline: Report

Live Mint  

New Delhi, : India is set to play a pivotal role in global workforce growth, contributing 20 per cent of it between 2023 and 2050, according to a report by Angel One Wealth. It said "By 2030 high-income households are expected to triple, while middle-income households will nearly double making India the fastest-growing nation in terms of per capita income". …

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, 4 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, 4 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, …

Bailing out China's economy has suddenly become more urgent
2 months 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 …

Sifting fact from fiction: Nation vital to progress
2 months ago

Sifting fact from fiction: Nation vital to progress

China Daily  

View of Chinese-made vehicles to be exported at Yantai Port in Shandong province on Oct 14. For example, in 2023, China was the world's largest investor in clean energy technologies, production and consumption, and was also the biggest supplier of wind turbines and solar panels in the global market. It can be inferred that China has built the capacity and …

Sifting fact from fiction: Nation vital to progress
2 months ago

Sifting fact from fiction: Nation vital to progress

China Daily  

View of Chinese-made vehicles to be exported at Yantai Port in Shandong province on Oct 14. For example, in 2023, China was the world's largest investor in clean energy technologies, production and consumption, and was also the biggest supplier of wind turbines and solar panels in the global market. It can be inferred that China has built the capacity and …

China's Growth: A Catalyst for Global Prosperity
2 months, 1 week 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 …

China's Economic Stability: A Steady Beacon Amid Global Uncertainty
2 months, 2 weeks 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 …

China’s economy grows at a 4.6% rate in the last quarter, falls short of the official target
2 months, 4 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 Economic Turnaround: A Positive Step but Structural Issues Remain
3 months 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?
3 months 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. …

China factory surveys show economy weakening, as Beijing steps up support
3 months, 2 weeks 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 …

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

Innovation to power China growth
3 months, 3 weeks ago

Innovation to power China growth

China Daily  

Innovation capacity, the digital sector and green industries have significant potential to be major engines of China's growth, fueled by the nation's commitment to reform and opening-up, said Japanese scholars. Yangchoon Kwak, a professor at Rikkyo University's College of Economics, emphasized that green industries will be the main driver of China's future economic growth. Kiyoyuki Seguchi, research director at the …

Innovation to power China growth
3 months, 3 weeks ago

Innovation to power China growth

China Daily  

By Jiang Xueqing in Tokyo | China Daily | Updated: 2024-09-21 07:08 Innovation capacity, the digital sector and green industries have significant potential to be major engines of China's growth, fueled by the nation's commitment to reform and opening-up, said Japanese scholars. Yangchoon Kwak, a professor at Rikkyo University's College of Economics, emphasized that green industries will be the main …

China's new growth drivers further gain momentum: index
4 months, 2 weeks 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, …

Population decline won't hold China back
4 months, 2 weeks ago

Population decline won't hold China back

China Daily  

CAI MENG/CHINA DAILY In recent years, a narrative of demographic doom has descended over China. China's shrinking total population and rising graying demographic pose numerous policy challenges that need to be addressed on an urgent basis, as policymakers grapple with issues ranging from falling fertility rates to decisions by many young couples to forgo the skyrocketing expense of raising children, …

Experts see economy stabilizing
4 months, 3 weeks ago

Experts see economy stabilizing

China Daily  

China's economy is likely to gradually stabilize in the third and fourth quarters, as policymakers are poised to step up stimulus measures aimed at stabilizing growth and deepening economic structural reforms, prominent economists said on Monday. Consumption will remain a key growth driver in the remaining months this year, while the country's accelerated push for fostering new quality productive forces …

China on track to reach economic growth goal
4 months, 3 weeks ago

China on track to reach economic growth goal

China Daily  

Xu Hongcai, deputy director of the China Association of Policy Science's Economic Policy Committee delivers a speech at a news conference held in Beijing, on Tuesday. China is well poised to achieve its economic growth goal of about 5 percent this year, as the country continues to boost domestic demand, a senior expert said on Tuesday. Xu also said insufficient …

Experts see economy stabilizing
4 months, 3 weeks ago

Experts see economy stabilizing

China Daily  

A worker conducts motion tests on AGV handling robots at the integrated AMT workshop of FAW Jiefang Automotive Co, a subsidiary of China FAW Group, in Changchun, Jilin province, on Aug 5, 2024. Consumption will remain a key growth driver in the remaining months this year, while the country's accelerated push for fostering new quality productive forces will inject fresh …

Chinese economy advances with steady growth momentum
4 months, 4 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 economy fails to pick up after worst stretch in five quarters
5 months 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
5 months 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
5 months ago

China reports growth in the consumer economy

China Daily  

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 from the 2 …

China reports growth in the consumer economy
5 months ago

China reports growth in the consumer economy

China Daily  

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 from the 2 …

China reports growth in the consumer economy
5 months 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 …

China reports growth in the consumer economy
5 months ago

China reports growth in the consumer economy

China Daily  

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 from the 2 …

China’s exports grow 7% in July, under forecasts, while imports gain momentum
5 months, 1 week 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 …

New economic model set to boost strength
5 months, 3 weeks ago

New economic model set to boost strength

China Daily  

China will likely pursue a new economic model to drive a smooth transition in growth engines, potentially providing an alternative solution to the global challenge of low productivity growth, according to leading economists and executives. "I think this is really very unique, what I will call the China model or China economic model," said Zhu Min, former deputy managing director …

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