Chinese factory activity sinks, weighing on weak economy
2 years, 5 months ago

Chinese factory activity sinks, weighing on weak economy

Associated Press  

BEIJING — Chinese manufacturing’s recovery from anti-virus shutdowns faltered in July as activity sank, a survey showed Sunday, adding to pressure on the struggling economy in a politically sensitive year when President Xi Jinping is expected to try to extend his time in power. Factory activity was depressed by weak global demand and anti-virus controls that are weighing on domestic consumer spending, according to the national statistics agency and an official industry group, the China Federation of Logistics & Purchasing. A monthly purchasing managers’ index issued by the Federation and the National Bureau of Statistics retreated to 49 from June’s 50.2 on a 100-point scale on which numbers below 50 indicate activity declining. “The impact of the epidemic is still on the rise.” The ruling Communist Party has stopped talking about this year’s official economic growth target of 5.5% after output shrank in the three months ending in June compared with the previous quarter.

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History of this topic

China Sees Manufacturing Sector Expand At Muted Pace In December
1 week, 2 days ago

China Sees Manufacturing Sector Expand At Muted Pace In December

ABP News  

The manufacturing activity in China climbed for the third consecutive month in December, however, the pace remained marginal, an official factory survey showed on Tuesday. However, authorities remain optimistic that fiscal and monetary measures released later in the year would lead to a turnaround in the property market, which has weighed down the broader economy. An improvement in domestic demand …

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 …

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 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 …

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’s Communist Party charts technology- and security-focused development for reviving the economy
5 months, 3 weeks ago

China’s Communist Party charts technology- and security-focused development for reviving the economy

Associated Press  

BANGKOK — In a year of major elections that will determine the destinies of many countries, China’s ruling Communist Party is holding closed, top-level meetings in Beijing to set strategies for reviving its slowing economy. State broadcaster CCTV said the agenda for this year’s meetings is to study and endorse “all-around deepening reforms.” Nearly a half-century after the late leader …

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

Chinese shudders: Fewer people is bad news

Live Mint  

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

China factory activity contracts in November for 2nd straight month despite stimulus measures
1 year, 1 month ago

China factory activity contracts in November for 2nd straight month despite stimulus measures

Associated Press  

HONG KONG — An official survey of Chinese manufacturers shows that factory activity contracted for a second straight month in November, an indicator of weak demand despite various stimulus measures aimed at supporting the economy. The official manufacturing purchasing managers’ index fell to 49.4 in November, down slightly from October’s 49.5, according to data released Thursday by the National Bureau …

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

Chinese factory activity contracts in October as pandemic recovery falters

Associated Press  

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

China’s factory output improves, offering hope of easing economic slowdown
1 year, 3 months ago

China’s factory output improves, offering hope of easing economic slowdown

Al Jazeera  

China’s factories picked up their pace and retail sales also gained momentum in August, according to government data, suggesting the economy may be gradually recovering from its post-pandemic malaise. Friday’s report showed retail sales rose 4.6 percent in August from a year earlier, with auto sales climbing 5.1 percent. “Overall, in August, major indicators improved marginally, the national economy recovered, …

China’s July exports tumble by double digits, adding to pressure to shore up flagging economy
1 year, 5 months ago

China’s July exports tumble by double digits, adding to pressure to shore up flagging economy

Associated Press  

BEIJING — China’s exports plunged by 14.5% in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump. “Policymakers have pledged further policy support, which could buoy household spending and lead to an improvement in import growth for the coming few months.” Exports to the United States fell 23% from a …

China’s July exports tumble by double digits, adding to pressure on economy
1 year, 5 months ago

China’s July exports tumble by double digits, adding to pressure on economy

LA Times  

Chinese leaders are trying to shore up business and consumer activity after a rebound sparked by the end of coronavirus controls in December fizzled out earlier than expected. China’s exports plunged by 14.5% in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump. Demand for Chinese exports cooled after the …

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

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

Associated Press  

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

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

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

The Hindu  

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

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

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

The Hindu  

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

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

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

Firstpost  

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

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

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

Al Jazeera  

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

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

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

CNN  

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

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

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

Firstpost  

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

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

China economy recovering but hampered by virus outbreaks

Associated Press  

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

Why China's economic recovery will be uneven and painful in 2023
2 years ago

Why China's economic recovery will be uneven and painful in 2023

Firstpost  

Nearly three years of zero-COVID measures have crushed Chinese businesses. The chaotic approach to reversing its coronavirus restrictions has contributed to a tsunami of infections, depriving businesses of workers and customers Three weeks after Xi Jinping, China’s top leader, tried to reinvigorate China’s stalled economy by abruptly abandoning his stringent pandemic restrictions, he struck an upbeat note in his annual …

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

China's manufacturing activity drops despite lifted COVID restrictions

Firstpost  

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

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

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

Hindustan Times  

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

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

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

India TV News  

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

China’s Covid surge hits factories and consumer market
2 years ago

China’s Covid surge hits factories and consumer market

CNN  

Hong Kong CNN — China’s economy is under severe strain as a wave of Covid cases sweeps across the country. “The number of people on the streets has dropped off sharply from already subdued levels across the country,” said analysts from Capital Economics in a research note last week. Last week, home sales by floor area plunged 44% in the …

Mint Explainer: Covid may speed up China's loss of manufacturing supremacy
2 years ago

Mint Explainer: Covid may speed up China's loss of manufacturing supremacy

Live Mint  

The covid-19 pandemic is causing a gradual shift in global manufacturing as companies look for alternatives to China as a supply source. China’s decline as a manufacturing hub For almost three decades, the Chinese economy grew in near double digits. In fact, a parliamentary panel pointed out last year that India is not the first choice for companies shifting out …

In our 'profound interest' that China reins in latest surge in coronavirus infections: Antony Blinken
2 years ago

In our 'profound interest' that China reins in latest surge in coronavirus infections: Antony Blinken

The Hindu  

It is in America's "profound interest" that China reins in the recent surge in coronavirus infections, U.S. Secretary of State Antony Blinken has said, asserting that there are major implications if the world's second-largest economy remained shut down due to the virus. When asked about the latest surge in COVID-19 cases in China, Mr. Blinken said the U.S. wants to …

Japan keeping 'close watch' on China Covid surge, cuts view on factory output for first time in 6 months
2 years ago

Japan keeping 'close watch' on China Covid surge, cuts view on factory output for first time in 6 months

Firstpost  

The report from the Cabinet Office comes as Japan, the world’s third-largest economy, wrestles with sluggish global growth and high import costs that have weighed on its exports and manufacturing activity Tokyo: China’s grim Covid-19 situation has rung alarm bells in several countries including Japan who has said it is keeping a close watch on Beijing with more people falling …

Conditions and capacity for strong recovery
2 years ago

Conditions and capacity for strong recovery

China Daily  

An employee works on the production line of an elevator component manufacturer in Haian, Jiangsu province. GU HUAXIA/FOR CHINA DAILY A senior economic official said the optimized response China has adopted to deal with COVID-19 is expected to have a "J-curve effect" on the economy that will help it gain strong growth momentum in 2023. "We have the confidence, conditions, …

China rushes to build hospital beds, US says covid situation in China a concern
2 years ago

China rushes to build hospital beds, US says covid situation in China a concern

Live Mint  

China rushed to install hospital beds across cities and build fever screening clinics amid a surge in covid cases in the country. We’ve seen that over the course of many different permutations of this virus and certainly another reason why we are so focused on helping countries around the world address COVID, another reason why bringing this to a close …

China Covid toll concern for world given size of its GDP, economy: US State dep
2 years ago

China Covid toll concern for world given size of its GDP, economy: US State dep

Hindustan Times  

The United States hopes that China can address the current COVID-19 outbreak as the toll of the virus is a global concern due to the size of the Chinese economy, State Department spokesperson Ned Price said on Monday. "The toll of the virus is of concern to the rest of the world given the size of China's GDP, given the …

China’s retail, factory output slump as COVID curbs hit growth
2 years ago

China’s retail, factory output slump as COVID curbs hit growth

Al Jazeera  

China’s economy lost more steam in November as factory output slowed and retail sales extended declines, both missing forecasts and clocking their worst readings in six months, hobbled by surging COVID-19 cases and widespread virus curbs. Industrial output rose 2.2 percent in November from a year earlier, missing expectations for a 3.6 percent gain in a Reuters poll and slowing …

China eases controls, gives no sign when ‘zero COVID’ ends
2 years, 1 month ago

China eases controls, gives no sign when ‘zero COVID’ ends

Associated Press  

BEIJING — China is easing some of the world’s most stringent anti-virus controls and authorities say new variants are weaker. … Restrictions could still tighten dynamically in lower-tier cities should hospitalizations surge.” The changes follow protests demanding an end to “zero COVID” but are in line with Communist Party promises earlier to reduce disruption by easing quarantine and other restrictions. …

China eases controls, gives no sign when 'zero-Covid' ends
2 years, 1 month ago

China eases controls, gives no sign when 'zero-Covid' ends

The Hindu  

China is easing some of the world’s most stringent anti-virus controls and authorities say new variants are weaker. Restrictions could still tighten dynamically in lower-tier cities should hospitalizations surge.” The changes follow protests demanding an end to “zero-Covid” but are in line with Communist Party promises earlier to reduce disruption by easing quarantine and other restrictions. China faces “new situations …

China eases some controls but gives no sign when ‘zero COVID’ might end
2 years, 1 month ago

China eases some controls but gives no sign when ‘zero COVID’ might end

LA Times  

Residents in Beijing line up for coronavirus testing next to a wall slogan extolling the political philosophy of Chinese President Xi Jinping. … Restrictions could still tighten dynamically in lower-tier cities should hospitalizations surge.” The changes follow protests demanding an end to “zero COVID” but are in line with earlier Communist Party promises to reduce disruption by easing quarantine and …

China anti-virus curbs spur fears of global economic impact
2 years, 1 month ago

China anti-virus curbs spur fears of global economic impact

Associated Press  

BEIJING — More than 253,000 coronavirus cases have been found in China in the past three weeks and the daily average is rising, the government said Tuesday, adding to pressure on officials who are trying to reduce economic damage by easing controls that confine millions of people to their homes. Global stock markets fell Monday as anxiety about China’s controls …

China consumer, factory activity down as virus controls rise
2 years, 1 month ago

China consumer, factory activity down as virus controls rise

Associated Press  

BEIJING — Chinese consumer spending contracted in October and factory activity weakened as anti-virus controls following a rise in infections weighed on the economy. The performance was even weaker than expected by forecasters who said activity would cool as Chinese anti-virus controls and interest rate hikes by the U.S. Federal Reserve and other central banks weighed on global activity. Chinese …

Residents clash with Chinese authorities over enforcement of COVID-19 quarantine restrictions
2 years, 2 months ago

Residents clash with Chinese authorities over enforcement of COVID-19 quarantine restrictions

Firstpost  

The violence comes as China reports new cases nationwide, with 2,230 cases reported Tuesday in the southern manufacturing and technology hub of Guangzhou Beijing: Police in northeastern China said that seven people have been arrested following a clash between residents and authorities enforcing COVID-19 quarantine restrictions. The violence comes as China reports new cases nationwide, with 2,230 cases reported Tuesday …

China's trade unexpectedly shrinks as COVID curbs, global slowdown jolt demand
2 years, 2 months ago

China's trade unexpectedly shrinks as COVID curbs, global slowdown jolt demand

The Hindu  

China's exports and imports unexpectedly contracted in October, the first simultaneous slump since May 2020, as a perfect storm of COVID curbs at home and global recession risks dented demand and further darkened the outlook for a struggling economy. The data suggests demand remains frail overall, and analysts warn of further gloom for exporters over the coming quarters, heaping more …

China’s factory slowdown worse than expected
2 years, 2 months ago

China’s factory slowdown worse than expected

Live Mint  

China’s factory activity contracted in October after a short-lived improvement, a fresh sign of the toll from the country’s stringent Covid policies and of fading global demand for Chinese-made goods. Sales of new homes at China’s 100 largest property developers fell 28% in October from a year earlier, the 16th consecutive month of declines, according to China Real Estate Information …

China’s economic growth accelerates but is weakened by COVID shutdowns
2 years, 2 months ago

China’s economic growth accelerates but is weakened by COVID shutdowns

LA Times  

Chinese President Xi Jinping’s image is projected on a giant screen in a commercial district of Hangzhou in eastern China. China’s economic growth picked up in the latest quarter but still was among the weakest in decades as the ruling Communist Party tries to reverse a slump while enforcing anti-coronavirus controls and a crackdown on debt in its vast real …

China central bank governor, economic head exit party leadership amid growth dip
2 years, 2 months ago

China central bank governor, economic head exit party leadership amid growth dip

Hindustan Times  

China’s Communist Party congress signaled a possible shake-up of the nation’s economic policy team at a time of heightened concern about the world’s second-largest economy. China’s Communist Party: A China's flag flutters near people lining up to get tested at a makeshift nucleic acid testing site. Premier Li Keqiang, 67, economic czar Liu He, 70, central bank governor Yi Gang, …

‘Ideology trumping economy’: EU body warns firms souring on China
2 years, 3 months ago

‘Ideology trumping economy’: EU body warns firms souring on China

Al Jazeera  

China’s “inflexible” COVID-19 curbs and politicisation of business are eroding its standing as an investment destination, a top European industry group has warned. The European Union Chamber of Commerce said in a report on Wednesday that firms increasingly view China as “less predictable, reliable and efficient” due to the prioritisation of ideology above the economy and pragmatic policymaking. The business …

China’s consumer, factory activity improve but still weak
2 years, 3 months ago

China’s consumer, factory activity improve but still weak

Associated Press  

BEIJING — Chinese consumer spending and factory output edged up in August but still were weak, official data showed Friday, and forecasters warned the second-largest economy is vulnerable to repeated shutdowns of cities to fight virus outbreaks. Housing sales plummeted while prices edged lower, adding to a slide in real estate activity under pressure from a government campaign to control …

Chinese manufacturing weak, adding to economic pressure
2 years, 4 months ago

Chinese manufacturing weak, adding to economic pressure

Associated Press  

BEIJING — Chinese manufacturing contracted in August amid weak export and consumer demand, a survey showed Wednesday, adding to downward pressure on the struggling economy. A monthly index improved to 49.4 from July’s 49 on a 100-point scale but still was below the 50-point mark that shows activity contracting, according to the national statistics agency and an industry group. The …

Chinese manufacturing weak, adding to economic pressure
2 years, 4 months ago

Chinese manufacturing weak, adding to economic pressure

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 Chinese manufacturing contracted in August …

China shuts down world’s largest electronic market after COVID spike
2 years, 4 months ago

China shuts down world’s largest electronic market after COVID spike

India TV News  

Highlights China’s technology hub Shenzhen ordered closure of world’s largest electronics wholesale market Decision was taken to contain a recent spike in coronavirus cases in the southern city Key manufacturing enterprises ordered to follow a “closed-loop” system China’s technology hub Shenzhen on Monday ordered the closure of the world’s largest electronics wholesale market to contain a recent spike in coronavirus …

China’s July industrial profits down as COVID-19 curbs, heatwaves hit
2 years, 4 months ago

China’s July industrial profits down as COVID-19 curbs, heatwaves hit

The Hindu  

Profits at China's industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages due to heatwaves threatened production. Profits at China's industrial firms fell 1.1% in January-July from a year earlier, wiping out the 1.0% growth logged during the first six months, the National Bureau of Statistics said …

Grim forecasts of the Chinese economy overstate the unease
2 years, 4 months ago

Grim forecasts of the Chinese economy overstate the unease

Live Mint  

Industrial China is alive and well despite concerns of an economic slowdown. In addition, despite what the sentiment surveys tell you, foreign direct investment into China’s high-tech manufacturing increased 31.1% in the first six months of the year. Chipmaker Semiconductor Manufacturing International said it wasn’t planning on cutting its $5 billion spending plans, its highest outlay compared to the amount …

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