China’s economic growth drops to lowest level since 1992
5 years, 2 months ago

China’s economic growth drops to lowest level since 1992

CNN  

Hong Kong CNN Business — China’s growth dropped last quarter to its lowest level in nearly three decades, as the world’s second largest economy continues to feel the pain from the trade war with the United States. A spokesman for China’s national statistical authority said Friday that stimulus measures announced earlier this year, including tax cuts and infrastructure investment, have started filtering through to the wider economy, But despite a stronger September, pressure on economic activity could “intensify” in the coming months said Julian Evans-Pritchard, senior China economist for Capital Economics. They see China’s GDP growth dropping to 5.8% in the fourth quarter as exports are hit again by the slowing global economy and the trade conflict between the United States and China. More stimulus coming The Chinese statistical authority admitted the economy would continue to face “severe and complex external environment.” The Chinese government would step up stimulus measures to avert the slowdown, Mao Shengyong, a spokesman for the National Bureau of Statistics said at a press conference on Friday.

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History of this topic

China central bank is moving faster towards its policy limits
5 days, 19 hours ago

China central bank is moving faster towards its policy limits

Live Mint  

* PBOC expected to cut rates more aggressively this year * Cenbank dropped prudent stance but may have to stay cautious * Bond buying suspension highlights PBOC constraints * Room for more rate, RRR cuts rapidly narrowing * More easing also raises risk of asset bubbles By Kevin Yao BEIJING, - China's central bank is expected to deploy its most …

China inflation hits nine-month low in December
6 days, 18 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 logs a lackluster performance in November as retail sales slow
4 weeks, 2 days ago

China's economy logs a lackluster performance in November as retail sales slow

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 logged a mixed …

Xi reaffirms full support for Hong Kong SAR govt
1 month ago

Xi reaffirms full support for Hong Kong SAR govt

China Daily  

By Xu Wei in Beijing and Wu Kunling in Hong Kong | China Daily | Updated: 2024-12-14 07:06 President Xi Jinping meets with John Lee Ka-chiu, chief executive of the Hong Kong Special Administrative Region, in Beijing on Friday. LI XUEREN/XINHUA President Xi Jinping reaffirmed on Friday Beijing's full backing to Chief Executive John Lee Ka-chiu and the Hong Kong …

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

China’s Weaker Yuan Sends Ripples Across Emerging Market Currencies
1 month ago

China’s Weaker Yuan Sends Ripples Across Emerging Market Currencies

Live Mint  

Emerging-market currencies dropped Wednesday, with an index of developing-nation currencies heading for its steepest one-day loss in a week and a half. The depreciation supports Chinese exporters but raises risks of capital outflows and financial instability, challenges that could ripple through emerging markets tied to Chinese demand, as cheaper Chinese undercut competitors in other developing economies. The correlation between China’s …

China, Hong Kong stocks climb on upbeat manufacturing data, stimulus bets
1 month, 1 week ago

China, Hong Kong stocks climb on upbeat manufacturing data, stimulus bets

Live Mint  

By Jiaxing Li HONG KONG, - China and Hong Kong stocks gained on Monday, driven by encouraging manufacturing data and expectations of continued policy support from Beijing. ** Sentiment was buoyed by data that showed China's factory activity expanded last month, with Beijing's stimulus blitz since September starting to trickle through just as Donald Trump ramps up trade threats. ** …

GDP goal to be met on positive cues
2 months 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, …

China stocks log biggest weekly loss since July as output, home price data disappoints
2 months ago

China stocks log biggest weekly loss since July as output, home price data disappoints

Live Mint  

HONG KONG, - Chinese stocks had their biggest weekly loss since July, while Hong Kong shares erased early gains to end slightly lower on Friday as scepticism that China can mount a sustained economic recovery remained prevalent in the market. China's blue-chip CSI 300 Index fell 1.8% bringing losses this week to 3.3%, the most since July. The real estate …

Stock market today: Asian shares gain after US Fed cuts interest rates
2 months, 1 week ago

Stock market today: Asian shares gain after US Fed cuts interest rates

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

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 …

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 stocks decline amid economic recovery disappointment, while other markets in Asia rise
3 months ago

China stocks decline amid economic recovery disappointment, while other markets in Asia rise

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Let’s call it what it …

Hong Kong's Hang Seng Index plunges 9.4%, highest fall since 2008; here's why
3 months, 1 week ago

Hong Kong's Hang Seng Index plunges 9.4%, highest fall since 2008; here's why

Live Mint  

Hang Seng Index of Hong Kong has dropped by 9.4 per cent, which is its biggest decline since 2008. {{^adFree}} {{/adFree}} Previously, Zheng Shanjie, the Chairperson of China's National Development and Reform Commission, stated that China was "fully confident" of accomplishing economic targets for 2024 and will use 200 billion yuan from next year's budget to fund investment projects and …

Xi Jinping pledges ‘forceful’ rate cuts to halt China’s economic crisis
3 months, 3 weeks ago

Xi Jinping pledges ‘forceful’ rate cuts to halt China’s economic crisis

The Telegraph  

Xi Jinping has called for the introduction of “forceful” interest rate cuts as the Chinese president battles to kickstart the stuttering economy. In a rare admission from China’s leadership, officials said the world’s second-largest economy was facing fresh turmoil as they vowed to inject greater levels of fiscal stimulus. It follows a series of measures laid out by the People’s …

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

China's economy softens in August as Beijing continues to grapple with lagging demand
4 months 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 banking sector assets growing steadily: regulator
4 months, 3 weeks ago

China's banking sector assets growing steadily: regulator

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. BEIJING - China's banks have seen steady asset expansion since the start of the year, an official with the country's financial regulator said on Wednesday. The assets of financial institutions in China's banking sector grew 7 percent year-on-year to 423.8 trillion yuan at the end …

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 …

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 …

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

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

The Hindu  

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

China’s economy fails to pick up after worst stretch in five quarters
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’s top leaders vow to support consumers and improve confidence in its slowing economy
5 months, 2 weeks ago

China’s top leaders vow to support consumers and improve confidence in its slowing economy

Associated Press  

BANGKOK — China’s powerful Politburo has endorsed the ruling Communist Party’s long-term strategy for growing the economy by encouraging more consumer spending and weeding out unproductive companies to promote “survival of the fittest.” A statement issued after the meeting of the 24 highest leaders of the party warned that coming months would be tough, perhaps alluding to mounting global uncertainties …

China cuts 1-year benchmark rate and doubles subsidies for EVs in its ‘cash for clunkers’ program
5 months, 3 weeks ago

China cuts 1-year benchmark rate and doubles subsidies for EVs in its ‘cash for clunkers’ program

Associated Press  

BANGKOK — China ratcheted up its effort to reinvigorate its slowing economy Thursday by unexpectedly cutting a key policy rate and also doubling subsidies for electric vehicles bought to replace older cars. The People’s Bank of China said it cut its lending rate for one-year medium term policy loans by 20 basis points to 2.3%. Major state-run banks cut deposit …

China's economic performance resilient amid challenges
5 months, 4 weeks ago

China's economic performance resilient amid challenges

China Daily  

The skyline of Beijing. China's economy demonstrated a stable expansion in the first half of 2024, achieving a year-on-year GDP growth of 5 percent, equivalent to 61.68 trillion yuan, according to data released by the National Bureau of Statistics on Monday. Key economic indicators GDP growth The first half of 2024 saw China's GDP grow by 5 percent year-on-year. China's …

China's economic performance resilient amid challenges
5 months, 4 weeks ago

China's economic performance resilient amid challenges

China Daily  

The skyline of Beijing. China's economy demonstrated a stable expansion in the first half of 2024, achieving a year-on-year GDP growth of 5 percent, equivalent to 61.68 trillion yuan, according to data released by the National Bureau of Statistics on Monday. Key economic indicators GDP growth The first half of 2024 saw China's GDP grow by 5 percent year-on-year. China's …

Britain to be fastest growing major European economy, IMF predicts
6 months ago

Britain to be fastest growing major European economy, IMF predicts

The Telegraph  

Thanks for joining me. 5 things to start your day 1) National Grid: Britain will remain dependent on gas for years | Forecasts predict higher than expected demand, in blow to net zero ambitions 2) We’re not a c----- employer, insists Wetherspoon boss after attack by union chief | Rebuttal comes as chain is accused of being ‘anti-union’ and offering …

Stock market today: Asian shares are mixed as China reports its economy grew 4.7% in last quarter
6 months ago

Stock market today: Asian shares are mixed as China reports its economy grew 4.7% in last quarter

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

China’s economy slowed in the last quarter as weak consumer demand dragged on growth
6 months ago

China’s economy slowed in the last quarter as weak consumer demand dragged on growth

Associated Press  

BANGKOK — China’s economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter, the government reported Monday, while emphasizing signs of improvement in factory output, income and investment. “Since the beginning of this year, global economic growth momentum has been weak, inflation is sticky, geopolitical conflicts, international trade frictions and other problems have occurred frequently, domestic demand is …

China needs more momentum in its economic recovery
6 months, 1 week ago

China needs more momentum in its economic recovery

China Daily  

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

China disinflationary headwinds continue as consumers hold back
8 months ago

China disinflationary headwinds continue as consumers hold back

Live Mint  

BEIJING—China’s consumer prices edged up modestly in April while its factory-gate prices continued to fall, underscoring the challenges that policymakers face in shaking off disinflationary pressures despite stimulus measures aimed at delivering a jolt to the economy. Economists say China’s persistently weak inflation readings suggest Beijing is unlikely to be able to count on the country’s 1.4 billion consumers to …

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

First-quarter GDP grows 5.3 percent year-on-year
9 months ago

First-quarter GDP grows 5.3 percent year-on-year

China Daily  

China's economy grew more strongly than expected in the first quarter while pressures and challenges from insufficient demand persist, bolstering the case for more policy stimulus to consolidate the recovery trend. China's GDP grew 5.3 percent year-on-year in the first quarter of this year, data from the National Bureau of Statistics showed on Tuesday. NBS data showed China's value-added industrial …

China reports 5.3% GDP growth for Q1
9 months ago

China reports 5.3% GDP growth for Q1

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2024-04-16 10:02 China's gross domestic product expanded by 5.3 percent year-on-year in the first quarter after a 5.2 percent rise in the fourth quarter, official data showed on Tuesday, boding well for a steady economic recovery in the following months. On a quarter-on-quarter basis, China's GDP grew by 1.6 percent in the first …

China reports 5.3% GDP growth for Q1
9 months ago

China reports 5.3% GDP growth for Q1

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2024-04-16 10:02 China's gross domestic product expanded by 5.3 percent year-on-year in the first quarter after a 5.2 percent rise in the fourth quarter, official data showed on Tuesday, boding well for a steady economic recovery in the following months. On a quarter-on-quarter basis, China's GDP grew by 1.6 percent in the first …

China shows signs of slowdown to aggregate social financing
9 months ago

China shows signs of slowdown to aggregate social financing

China Daily  

A pedestrian walks past the headquarters of the PBOC in Beijing. JIANG QIMING/CHINA NEWS SERVICE China's financing activity showed signs of slowing down as the increment in aggregate social financing — the total amount of financing to the real economy — reached 12.93 trillion yuan in the first quarter of 2024, down by 1.61 trillion yuan compared with the same …

Chinese economy will continue to defy its ill-intentioned critics
9 months ago

Chinese economy will continue to defy its ill-intentioned critics

China Daily  

A view of the Huangpu River in Shanghai. Nicholas R. Lardy, senior fellow at the Peterson Institute for International Economics, published an article on the website of Foreign Affairs last week titled "China Is Still Rising-Don't Underestimate the World's Second-Biggest Economy", arguing that the US academics' recent view of China already peaking as an economic power underestimates the resilience of …

Economist predicts further upswing for economy
9 months, 1 week ago

Economist predicts further upswing for economy

China Daily  

China's economic outlook is poised to improve in the following months, buoyed by robust fiscal spending, and the country's growth target of around 5 percent for 2024 is achievable, according to a renowned economist. Huang Yiping, dean of Peking University's National School of Development, told China Daily in an exclusive interview that the nation's economy is relatively stable, with better-than-expected …

Is China’s economy finally bottoming out?
9 months, 1 week ago

Is China’s economy finally bottoming out?

Live Mint  

Better late than never: After a rough 2023 and early 2024, the first read on China’s economy in March points to a tentative rebound heading into the second quarter. Data released over the weekend showed China’s official factory purchasing managers index in March moving back above the 50-point level separating expansion from contraction for the first time since September. But …

Nation's growth target seen as achievable, appropriate
9 months, 2 weeks ago

Nation's growth target seen as achievable, appropriate

China Daily  

This aerial photo taken on June 10, 2023 shows the night view of the urban areas in Guangzhou, South China's Guangdong province. A moderately rapid growth of around 5 percent annually is both achievable and appropriate for a country at China's stage of development, a senior economist said. Jeffrey Sachs, a world-renowned professor of economics and director of the Center …

Chinese economy belies scaremongers: China Daily editorial
9 months, 3 weeks ago

Chinese economy belies scaremongers: China Daily editorial

China Daily  

The high growth rate the Chinese economy maintained for the majority part of the past four decades seems to have made some take it for granted. They therefore view the 5.2 percent year-on-year growth of the Chinese economy last year from a glass-half-empty perspective. Yet China's economic growth rate is markedly higher than those of other major economies, including the …

Chinese stocks slide as investors maintain caution after US inflation report
10 months ago

Chinese stocks slide as investors maintain caution after US inflation report

Associated Press  

HONG KONG — China stocks were lower Wednesday after the overnight United States inflation report that signaled a diminished possibility of the Fed’s rate cut made investors cautious. Cathay Pacific Airways stock jumped 5.3% after it announced remarkable a 336% increase in operating profit in 2023, reaching 15.1 billion Hong Kong dollars and surpassing the previous record set in 2010. …

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories
10 months, 1 week 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 …

China pushes for 5% GDP growth
10 months, 1 week ago

China pushes for 5% GDP growth

China Daily  

China aims to see economic expansion at around 5 percent for 2024, unchanged from last year, as the world's second-largest economy will leverage intensified and targeted macro policies to sustain stable growth, according to the Government Work Report released on Tuesday. The country pledged to pursue a proactive fiscal policy that will be intensified as appropriate with improved quality and …

5 reasons why China's 5% GDP growth target is in the news
10 months, 1 week ago

5 reasons why China's 5% GDP growth target is in the news

Firstpost  

Analysts have been warning investors to stay away from investing in China. Goldman Sachs chief investment officer Sharmin Mossavar-Rahmani said, ‘Most people think that is not the real growth number—it was actually a lot weaker’ Premier Li Qiang addressed National People's Congress at the Great Hall of the People in Beijing on Monday. Reuters file China is still in the …

China pushes for 5% GDP growth
10 months, 1 week ago

China pushes for 5% GDP growth

China Daily  

Premier Li Qiang delivers the Government Work Report at the opening meeting of the second session of the 14th National People's Congress at the Great Hall of the People in Beijing on Tuesday. FENG YONGBIN / CHINA DAILY China aims to see economic expansion at around 5 percent for 2024, unchanged from last year, as the world's second-largest economy will …

Stock market today: Asia markets weaker ahead of Fed decision; China economic data disappoint
11 months, 2 weeks ago

Stock market today: Asia markets weaker ahead of Fed decision; China economic data disappoint

Associated Press  

HONG KONG — Asian stocks mostly declined Wednesday as markets awaited a decision on interest rates by the Federal Reserve, while China reported manufacturing contracted in January for a fourth straight month. Australia’s S&P/ASX 200 added 0.8% to 7,657.20 after a survey showed Australia’s inflation rate fell to a two-year low in the December quarter, with the consumer price index …

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