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 economic growth rebounded to 3.9% over a year earlier in the three months ending in September from the first half’s 2.2%, but economists say activity already was cooling. Business and consumer activity slumped in mid-2021 after the government tightened controls on use of debt by China’s vast real estate industry, a major engine of growth.

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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 industrial firms see higher revenue in Jan-Nov
1 week, 6 days ago

China's industrial firms see higher revenue in Jan-Nov

China Daily  

BEIJING - The performance of major Chinese industrial enterprises continued to recover in November as a series of government policies came into play. From January to November, the operating revenue of major industrial enterprises reached 123.48 trillion yuan, up 1.8 percent year-on-year, according to the National Bureau of Statistics on Friday. In November alone, the operating revenue of China's major …

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 …

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 …

China’s economy fails to pick up after worst stretch in five quarters
4 months, 3 weeks 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 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 …

China’s economy slowed in the last quarter as weak consumer demand dragged on growth
5 months, 3 weeks 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 disinflationary headwinds continue as consumers hold back
7 months, 4 weeks 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 …

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 …

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

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’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery
11 months, 3 weeks ago

China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery

Associated Press  

HONG KONG — China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven. Officials from China’s National Bureau of Statistics said that measures including “strengthened macro regulation, and redoubled efforts to expand domestic demand, …

China expected to maintain steady growth
1 year ago

China expected to maintain steady growth

China Daily  

A view of the Huangpu River in Shanghai. Experts say consumption will remain primary driver of economy in 2024 China's economy is set to maintain robust and steady growth in 2024 as domestic demand further recovers, driven by ramped-up macroeconomic policy support and the deepening of industrial upgrading, senior experts said. Traditional consumption areas such as vehicles and electronics are …

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 …

Is COVID making a return to China this winter?
1 year, 1 month ago

Is COVID making a return to China this winter?

Firstpost  

China’s leading respiratory illness expert Zhong Nanshan has warned of a minor COVID-19 surge in the winter and urged the elderly and vulnerable populations to get vaccinated as soon as possible Concerned about an increase of COVID-19 infections in the current winter season, Chinese experts have issued an alert and advised vaccination for vulnerable and old groups. The Chinese Centre …

From deflation to high debt burden: Here’s 5 things happening in Chinese economy
1 year, 2 months ago

From deflation to high debt burden: Here’s 5 things happening in Chinese economy

Live Mint  

China is facing the challenges of an economic deceleration and a substantial debt crisis within its real estate industry. “Combating persistent disinflation amid weak demand remains a challenge for Chinese policymakers,” Bruce Pang, chief economist for Greater China at Jones Lang LaSalle Ltd told Bloomberg. Better growth forecasts- Despite a slowdown, the future doesn't look very bleak for the Chinese …

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 …

In a good sign for China’s struggling economy, factory activity grows for the first time in 6 months
1 year, 3 months ago

In a good sign for China’s struggling economy, factory activity grows for the first time in 6 months

Associated Press  

BEIJING — China’s factory activity in September recorded its first expansion in six months, an official survey said Saturday, providing another sign that the world’s second-largest economy is gradually improving after its post-pandemic malaise. According to the government statistics bureau and an official industry group, the monthly purchasing managers’ index rose to 50.2 this month from 49.7 in August measured …

China economic data show signs slowdown may be easing, as central bank acts to support growth
1 year, 3 months ago

China economic data show signs slowdown may be easing, as central bank acts to support growth

Associated Press  

BEIJING — China’s factories picked up their pace and retail sales also gained momentum in August, the government reported Friday, suggesting the economy may be gradually recovering from its post-pandemic malaise. “Overall, in August, major indicators improved marginally, the national economy recovered, high-quality development was solidly advanced, and positive factors accumulated,” Fu Linghui, spokesperson for the National Bureau of Statistics, …

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, …

Explainer | How much worse can China's economic slowdown get?
1 year, 4 months ago

Explainer | How much worse can China's economic slowdown get?

The Hindu  

China's economic activity data for July, including retail sales, industrial output and investment failed to match expectations, fuelling concern over a deeper, longer-lasting slowdown in growth. Given China's debt-fuelled investment in infrastructure and property has peaked, and as exports are slowing in line with the global economy, China only has one other source of demand to tinker with: household consumption. …

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 economy experiences lower growth than expected at 6.3 pc due to weaker consumer demand
1 year, 5 months ago

China's economy experiences lower growth than expected at 6.3 pc due to weaker consumer demand

India TV News  

China's economy grew at a 6.3 per cent annual pace in the April-June quarter, much lower than analysts had forecast given the slow pace of growth the year before. The 6.3 per cent growth in China's gross domestic product from April to June outpaced a 4.5 per cent rate of growth in the previous quarter, according to government data released …

China exports slumped 12.4% in June from a year earlier as global demand weakened
1 year, 5 months ago

China exports slumped 12.4% in June from a year earlier as global demand weakened

The Independent  

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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 struggles with weak post-COVID economic recovery
1 year, 6 months ago

China struggles with weak post-COVID economic recovery

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 Sales of Yizhuan Automobile Co.’s …

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 economy expected to rebound as zero-Covid era fades
1 year, 8 months ago

China's economy expected to rebound as zero-Covid era fades

Deccan Chronicle  

BEIJING: China is expected to announce an economic rebound on Tuesday, when Beijing releases its first quarterly GDP figures since abolishing growth-sapping Covid restrictions late last year. Property perils A creeping crisis in the property sector -- which together with construction accounts for around a quarter of China's GDP -- continues to "pose challenges to economic growth", said Rabobank analyst …

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 …

Consumption upgrade promises growth momentum
1 year, 10 months ago

Consumption upgrade promises growth momentum

China Daily  

Tourists throng Cross Street in Luoyang, Henan province, to experience the charm of the ancient capital that was decked up for the Spring Festival holiday on Jan 26. Holiday in late Jan heralds spending spree, demand surge as green, smart goods rise The hustle and bustle of marketplaces have returned to China, especially during the Spring Festival holiday in late …

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 logs nearly 13,000 Covid deaths in a week
1 year, 11 months ago

China logs nearly 13,000 Covid deaths in a week

The Hindu  

China reported nearly 13,000 Covid-related deaths in hospitals between January 13 and 19, after a top health official said the vast majority of the population had already been infected. The death toll came a week after China said nearly 60,000 people had died with Covid in hospitals in just over a month -- but there has been widespread scepticism over …

China Reports 70% Rise In Weekly Covid Hospitalisation, Highest Since Pandemic Outbreak: WHO
1 year, 11 months ago

China Reports 70% Rise In Weekly Covid Hospitalisation, Highest Since Pandemic Outbreak: WHO

ABP News  

The World Health Organization’s weekly report on Thursday showed China reported a large jump in Covid-19 hospitalisations in the week up to January 15. This is the highest weekly figure China has recorded since the virus first emerged more than three years ago, the WHO noted, according to the news agency Reuters. However, the global body said it is still …

China’s video game makers come in from the cold as crackdown eases
1 year, 11 months ago

China’s video game makers come in from the cold as crackdown eases

The Hindu  

China's end to a sweeping crackdown on its video games market is expected to breathe life back into the battered industry this year, but remaining restrictions on some content and economic headwinds will limit the extent of the recovery. Shares of Tencent, the world's largest gaming company, and NetEase rose this week after China's video games regulator granted the first …

Chinese Economy Witnesses Slowest Growth Rate in Decades due to Covid Zero
1 year, 11 months ago

Chinese Economy Witnesses Slowest Growth Rate in Decades due to Covid Zero

News 18  

The Chinese economy grew at a slow pace last year, marking the slowest growth rate in decades owing to repeated lockdowns which affected households and businesses adversely. Experts speaking to the news outlet however believe that in 2023 a consumer-led recovery will boost the Chinese and global economy even though the US and Europe fear an oncoming recession. However, they …

China’s economic growth falls to 3%, gradually reviving
1 year, 11 months ago

China’s economic growth falls to 3%, gradually reviving

Associated Press  

BEIJING — China’s economic growth fell to its second-lowest level in at least four decades last year under pressure from anti-virus controls and a real estate slump, but activity is reviving after restrictions that kept millions of people at home and sparked protests were lifted. Economic growth sank to 2.9% over a year earlier in the three months ending in …

China economy grows 3% in 2022, one of weakest in 40 years: Official data
1 year, 11 months ago

China economy grows 3% in 2022, one of weakest in 40 years: Official data

Hindustan Times  

China's economy grew 3.0 per cent in 2022, official data released Tuesday showed, one of the weakest rates in 40 years owing to the Covid-19 pandemic and a real estate crisis. In the fourth quarter, China's economy grew 2.9 per cent year-on-year, compared with 3.9 per cent in the third quarter, the National Bureau of Statistics said. The world's second-largest …

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’s economy grows 3% in 2022, hit by lockdowns, Covid surge
1 year, 11 months ago

China’s economy grows 3% in 2022, hit by lockdowns, Covid surge

The Hindu  

China’s economy grew 3% in 2022, the second-slowest growth rate since the last year of Mao Zedong’s Cultural Revolution in 1976, with the last quarter of the year seeing declining growth as the country dealt with a sweeping COVID-19 surge. The past year, however, has seen China’s “zero-Covid” policy, which was discontinued in early December, extract heavy economic tolls. Kang …

Chinese city-dwellers head to hometowns as holidays raise Covid stakes
1 year, 11 months ago

Chinese city-dwellers head to hometowns as holidays raise Covid stakes

India Today  

Passengers laden with luggage flocked to rail stations and airports in China's megacities on Monday, heading to their hometowns for the Lunar New Year holidays that health experts fear could intensify a raging Covid-19 outbreak in areas less equipped to handle it. As well as fever drugs and oxygen supplies, China's National Health Commission has said it would equip every …

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 …

Six fallacies and truths about China's epidemic control
1 year, 11 months ago

Six fallacies and truths about China's epidemic control

China Daily  

A medical worker injects a booster shot of COVID-19 vaccine for a resident at Aoyuncun Subdistrict in Chaoyang District, Beijing, July 13, 2022. Striving to effectively coordinate the epidemic response with economic and social development, China had won the tough battle against poverty on schedule and finished building a moderately prosperous society in all respects, getting off to a good …

China’s economy reels as Beijing lifts ‘zero-covid’ measures
2 years ago

China’s economy reels as Beijing lifts ‘zero-covid’ measures

Live Mint  

BEIJING : Chinese manufacturing and service-sector activity fell to their lowest levels since the initial throes of the coronavirus pandemic in early 2020, highlighting the breadth of the tumult as waves of infections roar through the world’s second-largest economy following Beijing’s abrupt decision to scrap its draconian “zero-Covid" measures. China’s official manufacturing purchasing managers index fell to 47.0 in December, …

China’s economy reels as Beijing lifts ‘Zero-Covid’ measures
2 years ago

China’s economy reels as Beijing lifts ‘Zero-Covid’ measures

Live Mint  

Chinese manufacturing and service-sector activity fell to their lowest levels since the initial throes of the coronavirus pandemic in early 2020, highlighting the breadth of the tumult as waves of infections roar through the world’s second-largest economy following Beijing’s abrupt decision to scrap its draconian “zero-Covid” measures. China’s official manufacturing purchasing managers index fell to 47.0 in December, the lowest …

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