China GDP Growth

Top leaders pledged to strengthen "cross-cyclical" policy adjustments - the first time that phrase signaling longer-term planning had appeared in a Politburo readout since December 2023

One of China's most important meetings begins Monday, as leader Xi Jinping and other ruling Communist Party elites gather in Beijing to map out the goals for the next five years. The closed-door gathering known as the fourth plenum is expected to last four days and will discuss and put the final touches on China's next five-year plan, a blueprint for 2026-2030. The leaders are meeting at a time of heightened trade tensions between Washington and Beijing and just ahead of a possible meeting between Xi and US President Donald Trump during a regional summit later this month. Here is what to know about the meeting: What the fourth plenum is and why it matters ---------------------------------------------------- The fourth plenum refers to the fourth plenary session, out of typically a total of seven sessions during the five-year term of the Chinese Communist Party's central committee. Xi and about 370 members of the central committee are expected to attend. The gathering also may

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

While Beijing's recent push to curb overcapacity is helping rein in the glut in steel and solar sectors, the "anti-involution" campaign is missing a stimulus spark

Crude oil markets are pricing in a fair amount of uncertainty at the current levels, Das said. That's why oil had dropped below $60 for a time-before the West Asia tensions pushed it back up

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

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

President Xi Jinping, at a symposium on Dec. 6, urged full preparation to achieve 2025 economic targets, and said the country's current development faces many challenges

The Caixin/S&P Global services purchasing managers' index (PMI), released on Wednesday, fell to 51.5 from 52.0 in October

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

China's economy expanded 4.6 per cent in the third quarter from a year earlier

The data comes in the wake of shrinking manufacturing activity and raised concerns about the outlook for exports

The world's second-biggest economy grew much more slowly than expected in the second quarter

Trade tensions and local government debt risks leave Beijing few alternatives to revving up consumer stimulus

The official purchasing managers' index (PMI) fell to 49.4 in July from 49.5 in June

In dollar terms, gold prices hit $2,331/oz at the end of H1-CY24, according to WGC data, rising 12.1 per cent during this period

By 2030, Volkswagen plans more than 30 new electric or hybrid models in China and hopes to boost sales to about 4 million, from about 3 million today, lifting its market share to 15 per cent

The cuts come after China last week reported weaker-than-expected second-quarter economic data and its top leaders met for a plenum that occurs roughly every five years

The elite in the Land of the Dragon are refraining from ostentatious purchases, putting the nation's luxury market under strain

China's ruling Communist Party is starting a four-day meeting Monday that is expected to lay out a strategy for self-sufficient economic growth in an era of heightened national security concerns and restrictions on access to American technology. While the meeting typically focuses on such long-term issues, business owners and investors will also be watching to see if the party announces any immediate measures to try to counter a prolonged real estate downturn and persistent malaise that has suppressed China's post-COVID-19 recovery. There's a lot of unclarity of policy direction in China, which is weighing on consumer and investor confidence, said Bert Hofman, the former World Bank country director for China and a professor at the National University of Singapore. This is a point in time where China needs to show its cards. Economic growth slowed to 4.7% on an annual basis in the April to June quarter, the government reported Monday. The outcome of the meeting will send a message t