China’s Services Activity Jumps as Stimulus Boosts Local Demand
1 week, 2 days ago

China’s Services Activity Jumps as Stimulus Boosts Local Demand

Live Mint  

China’s services activity expanded at the fastest pace in nine months while the manufacturing sector grew for a third straight month, signaling improving domestic demand after Beijing’s stimulus blitz. “But the boost probably won’t last more than a few quarters, with Trump likely to follow through on his tariff threat next year and persistent structural imbalances still weighing on the economy,” he said. “Corporate production and operation activities accelerated in December, and the economy’s momentum extended a trend of rebounding and improving,” NBS senior statistician Zhao Qinghe said in a statement accompanying the data. Chinese consumer and retail stocks rose on Tuesday after the Ministry of Commerce held a video conference to push officials to take “immediate action” to boost the industry and expand domestic demand.

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History of this topic

China expands consumer subsidies to boost spending as tariff risk looms
1 day ago

China expands consumer subsidies to boost spending as tariff risk looms

Live Mint  

China is widening the scope of its consumer goods trade-in program this year, as Beijing intensifies efforts to convince cautious households to spend as rising external uncertainties threaten exports’ ability to prop up economic growth. The National Development and Reform Commission, China’s top economic planner, said Wednesday that the government will include more products in its home appliance trade-in program …

China Sees Manufacturing Sector Expand At Muted Pace In December
1 week, 1 day 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 …

Prospects for 2025 are visible in the end-of-year haze
1 week, 4 days ago

Prospects for 2025 are visible in the end-of-year haze

Live Mint  

Wintry January mornings are known to obscure clear 20/20 vision. With Donald Trump promising to weaponize tariffs and clamp immigrant flows, while mocking climate change and taking an axe to the US’s multilateral commitments, large-scale unpredictability is likely to undergird the next 12 months. One direct outcome of Trump imposing reciprocal tariffs against Indian exports will be a marginal erosion …

Americans rush to buy cars, appliances before Trump's new tariffs
2 weeks, 6 days ago

Americans rush to buy cars, appliances before Trump's new tariffs

China Daily  

NEW YORK -- Americans are scrambling to stock up on cars, appliances and other big-ticket imports in anticipation of new tariffs from the Donald Trump administration, a spending spree that could reignite the very inflation buyers are hoping to avoid, reported The Washington Post on Thursday. "President-elect Trump has vowed to enact widespread tariffs as soon as he takes office …

Targeted measures to boost consumption
2 weeks, 6 days ago

Targeted measures to boost consumption

China Daily  

Consumers check out festive products in Nanjing, Jiangsu province, on Friday. LIU JIANHUA/FOR CHINA DAILY China will roll out an array of targeted measures to simultaneously boost consumption and deliver tangible benefits to the people after policymakers signaled a shift in prioritizing the expansion of domestic demand amid external uncertainties during a recent tone-setting meeting, officials and analysts said. "Boosting …

Americans rush to buy cars, appliances before Trump's new tariffs
2 weeks, 6 days ago

Americans rush to buy cars, appliances before Trump's new tariffs

China Daily  

Americans are scrambling to stock up on cars, appliances and other big-ticket imports in anticipation of new tariffs from the Donald Trump administration, a spending spree that could reignite the very inflation buyers are hoping to avoid, reported The Washington Post on Thursday. "President-elect Trump has vowed to enact widespread tariffs as soon as he takes office in January, a …

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 …

China signals it’s prepared to double down on support for the economy as Trump tariffs loom
3 weeks, 6 days ago

China signals it’s prepared to double down on support for the economy as Trump tariffs loom

Associated Press  

BANGKOK — Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending. China’s economy has been growing slightly more slowly than the “about 5%” target leaders set for this year as a prolonged crisis in its real estate …

Steps ready for stable growth of the economy
3 weeks, 6 days 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 …

China's leaders vow more 'relaxed' monetary policy in 2025
Trending News
1 month ago

China's leaders vow more 'relaxed' monetary policy in 2025

New Indian Express  

BEIJING: Chinese President Xi Jinping and other top leaders said Monday they would adopt a more "relaxed" approach to monetary policy as they hashed out plans to boost the economy next year. The world's second-largest economy is battling sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt -- all of which threaten Beijing's official growth …

Push on to up consumption's GDP share
1 month, 1 week ago

Push on to up consumption's GDP share

China Daily  

Tourists shop at a duty-free shopping mall in Sanya, South China's Hainan province. Zhu Min, former deputy managing director of the International Monetary Fund and former deputy governor of the People's Bank of China, the country's central bank, warned that the share of world trade in GDP could drop due to the United States' potential tariffs. Speaking at the 2024 …

Trump's sharp tariff hikes could speed up China's shift to new markets and offshore factories
1 month, 1 week ago

Trump's sharp tariff hikes could speed up China's shift to new markets and offshore factories

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Chinese exporters are already looking at new markets …

Donald Trump likely to impose 40% tariff on China imports in 2025, risking growth by 0.5-1% point: Report
Trending News
1 month, 2 weeks ago

Donald Trump likely to impose 40% tariff on China imports in 2025, risking growth by 0.5-1% point: Report

Live Mint  

The US could impose nearly 40 per cent tariffs on imports from China early next year, potentially slicing growth in the world's second-biggest economy by up to one percentage point. However, most economists also said they do not expect blanket 60 per cent tariffs on Chinese goods in early 2025 as this could accelerate inflation within the US. "We expect …

American companies are stocking up to get ahead of Trump’s China tariffs
1 month, 2 weeks ago

American companies are stocking up to get ahead of Trump’s China tariffs

Live Mint  

By 9 p.m. on election night, it had become clear to Jason Junod that Donald Trump was returning to the White House. When Trump began his trade war against China in 2018, U.S. businesses scrambled to front-load imports before tariffs were implemented, according to an International Monetary Fund analysis. Though China’s share of U.S. imports has declined to roughly 14% …

Donald Trump may impose 40% tariffs on China in early 2025: Report
1 month, 2 weeks ago

Donald Trump may impose 40% tariffs on China in early 2025: Report

India Today  

The United States could impose nearly 40% tariffs on imports from China early next year, a Reuters poll of economists showed, potentially slicing growth in the world's second-biggest economy by up to 1 percentage point. The poll, the first on China's economy by Reuters since Donald Trump's sweeping election victory on November 5, also predicts that the President-elect will resist …

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 …

Foreign trade poised for steady growth amid headwinds
Trending News
2 months ago

Foreign trade poised for steady growth amid headwinds

China Daily  

China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers said on Thursday. China's foreign trade increased 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period, while its exports rose 6.7 …

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat
Trending News
2 months ago

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat

Firstpost  

Exports far surpassed analyst’s estimates of about 5.5 per cent growth and outpaced September’s growth of just 2.4 per cent. China’s exports rose 12.7 per cent in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. It showed imports fell 2.3 per cent in October from a year earlier, …

Geopolitical Thaw: China and India Realign in a New Era
2 months, 2 weeks ago

Geopolitical Thaw: China and India Realign in a New Era

New Indian Express  

Leaders of two nations, Modi and Jinping, meet after five years of conflict. The meeting aims to assess the impact of the deteriorating Chinese economy on the ongoing trade-offs. Both sides agree on a patrolling arrangement along the Line of Actual Control and discuss a potential reduction in tensions.

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 steps up efforts to boost domestic demand
3 months, 2 weeks ago

China steps up efforts to boost domestic demand

China Daily  

A consumer learns about trade-in plans for home appliances at a store in Chongqing in July. SUN KAIFANG/FOR CHINA DAILY BEIJING -- The National Development and Reform Commission, China's top economic planner, said Thursday that it is intensifying efforts to spur investment and consumption in its bid to bolster domestic demand. Specifically, the NDRC will continue to support government investment …

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 …

Efforts to boost consumption urged
4 months, 1 week ago

Efforts to boost consumption urged

China Daily  

A growing number of economists are calling on Chinese policymakers to ramp up efforts to revive consumer sentiment and stabilize expectations, in a bid to address the pressing challenges of still-weak domestic demand and to bolster the world's second-largest economy. Among the traditional trio driving China's economic development — exports, investment and consumption — the economists emphasized that boosting consumption …

Experts see economy stabilizing
4 months, 2 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 …

Experts see economy stabilizing
4 months, 2 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 …

Experts call for further restoring consumer sentiment
4 months, 3 weeks ago

Experts call for further restoring consumer sentiment

China Daily  

Customers select fruit at a supermarket in Dongying, Shandong province, earlier this month. LIU ZHIFENG/XINHUA Restoring consumer sentiment and revitalizing confidence among consumers will be among the key priorities for China's economic growth for the rest of this year, as policymakers shift their focus more toward seeking a consumer-led recovery, according to experts. "Although the economy still faces several headwinds, …

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 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 …

Former IMF official foresees China's rise as service powerhouse, warns of external challenges
4 months, 3 weeks ago

Former IMF official foresees China's rise as service powerhouse, warns of external challenges

China Daily  

Former IMF Deputy Managing Director Zhu Min delivers a speech at the 3rd Understanding China Conference in Beijing, China. Official data show that in the first six months of this year, China's retail sales of services increased 7.5 percent from a year ago, 4.3 percentage points higher than that of goods, while service consumption accounted for 45.6 percent of the …

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 …

China sees mild price growth as consumer demand expands
4 months, 4 weeks ago

China sees mild price growth as consumer demand expands

China Daily  

BEIJING - China's consumer prices gained mild growth in July as the domestic consumer demand continued to expand, official data showed Friday. The consumer price index, a main gauge of inflation, was up 0.5 percent year-on-year in July, slightly higher than the 0.2 percent increase in June, according to the National Bureau of Statistics. NBS statistician Dong Lijuan said that …

China sees mild price growth as consumer demand expands
5 months ago

China sees mild price growth as consumer demand expands

China Daily  

BEIJING - China's consumer prices gained mild growth in July as the domestic consumer demand continued to expand, official data showed Friday. The consumer price index, a main gauge of inflation, was up 0.5 percent year-on-year in July, slightly higher than the 0.2 percent increase in June, according to the National Bureau of Statistics. NBS statistician Dong Lijuan said that …

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 …

China moves to advance high-quality development of service consumption
5 months ago

China moves to advance high-quality development of service consumption

China Daily  

Skyscrapers border a lush green landscape in Shenzhen's central business district. BEIJING -- China will work to further develop consumer services to support high-quality economic development and meet people's demand for personalized, diversified and quality services, according to a guideline made public Saturday. The guideline, issued by the State Council, set out 20 key tasks, including tapping the potential of …

Nation to implement steps for foreign trade growth
5 months, 1 week ago

Nation to implement steps for foreign trade growth

China Daily  

Amid rising protectionism and geopolitical risks, China will implement a series of measures in the second half of the year to sustain and enhance its positive foreign trade trajectory, customs officials said on Tuesday. Despite facing challenges such as unilateralism and the disruption of global supply chains, Lyu said that supported by the advantages of a vast domestic market and …

Chinese economy gathers steam amid targeted policy mix
5 months, 3 weeks ago

Chinese economy gathers steam amid targeted policy mix

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. BEIJING - Multiple indicators have pointed to improved performance of the Chinese economy in the first half, signaling sustained recovery momentum as the country navigates hurdles and headwinds with a targeted policy mix. Speaking at a symposium on the economic situation last week, Premier Li Qiang said that the …

【双语财讯】世界银行和巴克莱银行上调中国增速预期
6 months ago

【双语财讯】世界银行和巴克莱银行上调中国增速预期

China Daily  

伴随着中国经济企稳向好的势头逐渐巩固，近期世界银行和巴克莱银行等机构纷纷上调了对于中国经济增长的预期。 File photo shows the Lujiazui area in East China's Shanghai. Foreign institutions have raised their forecasts for China's economic growth this year amid the nation's better-than-expected first-quarter performance, strong policy stimulus and resilience in exports. 巴克莱银行最近将其对中国GDP增速的预期从此前的4.4%上调至5%，世界银行则将其预期从此前的4.5%上调至4.8%。 China's economy is on track for a steady rebound and the nation is poised to meet its preset annual growth target of around …

【双语财讯】世界银行和巴克莱银行上调中国增速预期
6 months ago

【双语财讯】世界银行和巴克莱银行上调中国增速预期

China Daily  

伴随着中国经济企稳向好的势头逐渐巩固，近期世界银行和巴克莱银行等机构纷纷上调了对于中国经济增长的预期。 File photo shows the Lujiazui area in East China's Shanghai. Foreign institutions have raised their forecasts for China's economic growth this year amid the nation's better-than-expected first-quarter performance, strong policy stimulus and resilience in exports. 巴克莱银行最近将其对中国GDP增速的预期从此前的4.4%上调至5%，世界银行则将其预期从此前的4.5%上调至4.8%。 China's economy is on track for a steady rebound and the nation is poised to meet its preset annual growth target of around …

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

Surveys show Chinese economy growing but at modest pace

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 Surveys of Chinese factory managers …

Consumption's big role in focus
6 months, 2 weeks ago

Consumption's big role in focus

China Daily  

Zhu Min, former deputy managing director of the International Monetary Fund, at the Reinvigorating Consumption forum on Tuesday. ZOU HONG/CHINA DAILY Despite the pressure of lackluster domestic demand, China still has the capability and conditions to further tap consumption potential to sustain high-quality growth, experts and entrepreneurs said at the 15th Annual Meeting of the New Champions, also known as …

Biden continues Trump’s trade war; US imposes major tariffs on China imports
7 months, 3 weeks ago

Biden continues Trump’s trade war; US imposes major tariffs on China imports

Hindustan Times  

Washington: With the stated objective of protecting American workers and businesses from “unfair Chinese trade practices”, the US increased tariffs on the import of steel and aluminium, semiconductors, electric vehicles, battery, battery components and critical minerals, solar cells, ship to shore cranes and medical products from China on Tuesday. A factsheet released by the White House on Tuesday said that …

China’s exports and imports return to growth in April as demand improves
8 months ago

China’s exports and imports return to growth in April as demand improves

Associated Press  

HONG KONG — China’s exports and imports returned to growth in April, suggesting that demand is improving despite an uneven economic recovery, according to customs data released Thursday. “We think export volumes will retreat over the coming months due to cooling consumer spending in advanced economies and the diminishing tailwind from lower export prices,” Zichun Huang of Capital Economics said …

Roaring consumption engine powers China's economy ahead
8 months, 2 weeks ago

Roaring consumption engine powers China's economy ahead

China Daily  

Customers try smartphones in the Pura 70 series at a Huawei retail store in Shanghai on Thursday. BEIJING - China's consumption played a vital role in bolstering economic growth in the first quarter of the year, underscoring the country's steady transformation toward a domestic consumption-driven economy. China's GDP expanded 5.3 percent year-on-year in the first quarter, with domestic consumption contributing …

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