China GDP

China's domestic passenger car sales fell 34.2% in February from a year earlier, an industry association said Wednesday, reflecting weakening demand as some trade-in subsidies are phased out. Only 950,000 units of passenger cars were sold in China last month, according to the China Association of Automobile Manufacturers, down from nearly 1.4 million vehicles sold in January. Overall passenger car sales including exports dropped 15.4% year-on-year, even as shipments overseas jumped 58% to 586,000, highlighting the challenges for Chinese carmakers trying to offset sluggish domestic sales by expanding into foreign markets. Automakers have been struggling with weak demand as the government has been phasing out trade-in subsidies to encourage purchases of electric vehicles. Chinese consumers have also been steering clear of big purchases, feeling a pinch from a slowing economy and protracted property slump. The Lunar New Year festival, China's biggest holiday, took place in February, .

Core CPI, which excludes volatile items such as food and energy, hit 1.8 per cent - the highest since 2019

China has lowered its 2026 growth target to 4.5-5%, the lowest since 1991, as weak domestic demand, property sector troubles and rising global tensions add uncertainty to the nation

The "Life in Venice" housing development, a multibillion-dollar replica of the Italian city on the Chinese coast, stands silent. Many of the tens of thousands of homes are hollow husks of concrete and alabaster. But in recent years the remote, partially abandoned complex has drawn unlikely new residents like Sasa Chen, a burned-out young Chinese woman who until recently worked a high-earning finance job in Shanghai, China's bustling commerce hub. The appeal? Chen pays just 1200 RMB, or USD 168, a month for her apartment in faux Venice in the eastern Chinese province of Jiangsu. It's so cheap that it's allowed Chen to retire at the tender age of 28. Experts say Chen is part of a broader trend that has seen a growing number of young people across China migrating to small towns and cities, taking advantage of cheap real estate prices that have been plummeting since the COVID pandemic. It's a stark reversal from previous generations that prised upward mobility. In decades past, China'

Nominal economic growth, which is unadjusted for price changes, was 4 per cent in 2025, the slowest since 1976 excluding the pandemic year of 2020

As trade tensions escalate with the US, weakness in investment, industrial output and retail sales is undermining momentum from record sales abroad

China's retail sales rose by 3.7 per cent year-on-year in July, slowing from 4.8 per cent in June, based on figures released by the National Bureau of Statistics

Xi Jinping called out local officials at the Central Urban Work Conference for overspending on artificial intelligence, EVs, and quantum computing without adequate expertise or planning

Sensex Today | Stock Market close, Tuesday, July 15, 2025: In the broader markets, the Nifty MidCap index and the Nifty SmallCap index rose around 0.95 per cent each

China will turn from a capital provider to a debt collector of 75 developing countries, including the world's poorest and most vulnerable, this year as they are due to pay back a record USD 22 billion loans owed to Beijing, according to data released by an Australian think tank. China has become the leading debt collector of developing countries, shifting from a net capital provider, "as bills coming due from its Belt and Road lending surge in the 2010s now far outstrip new loan disbursements", the latest research report of the Australian think tank, the Lowy Institute, said. In 2025, about 75 of the world's poorest and most vulnerable countries will make record high debt repayments totalling USD 22 billion to China as a result of peaks in new loan commitments made from 2012 to 2018, the report said. China faces a dilemma and growing diplomatic pressure to restructure unsustainable debt besides mounting domestic pressure, particularly from its quasi-commercial institutions, to recov

China's tax revenue fell 3.5% in the first quarter from the previous year, while non-tax revenue surged 8.8%, the ministry said

However, the report added that "even these significant easing measures are unlikely to fully offset the negative effects of the tariffs

The non-manufacturing PMI, which includes services and construction, accelerated to 50.8 from 50.4

Global fund managers overall expect less than 5 per cent return from Asia stocks (excluding Japan) in a year, according to BofA Securities

In previous five-yearly economic censuses, China revised up the size of the economy for 2018 by 2.1 per cent and for 2013 by 3.4 per cent

Thanks to the recent policy easing and near-term export strength, the World Bank sees China's gross domestic product growth at 4.9 per cent this year, up from its June forecast of 4.8 per cent

China has said local governments will be allowed to use special bonds to purchase unused land and support the purchase of existing commercial housing for use as affordable housing

China's industrial output grew 5.4 per cent in November year-on-year, up from the 5.3 per cent pace seen in October

India's GDP data faces growing scrutiny over transparency and reliability. To regain trust and ensure accuracy, a reform in statistical methods is critical to avoid pitfalls seen in China's approach

The injection expands an effort to ease the funding pressure that had been building in the market after China kicked off a $1.4 trillion program to help local governments cope with their off-balance