Page 14 - China Economic Growth

China's manufacturing activity expands for first time since March

Along with looser monetary policy, the country has also seen an uptick in local government borrowing for infrastructure as authorities look for ways to support growth

China's growth target hangs in balance while economists cut forecasts

"The real estate sector will continue to be under mounting pressure" despite recent government efforts to support property, said analysts at Poseidon Partner

A holistic approach can grab space vacated by China in textile sector: SIMA

Textile and clothing sectors must have a holistic approach with a long-term vision to seize the opportunity in the global market, industry officials said on Saturday. Textiles and clothing industries are the second largest employment provider after agriculture generating Rs 30,000 crore as Goods and Services Tax revenue and USD 44 billion foreign exchange earnings, officials of Southern India Mills' Association said. The industries have been facing challenges in the recent past mainly due to structural issues on the raw material front, high cost of production, scale of operation among others, SIMA Chairman S K Sundararaman said. The Association would strive to address structural issues and enhance global competitiveness, he said. According to association officials, the NDA government has been giving major thrust for enhancing the global competitiveness of the textiles and clothing industry and addressed several issues. "However, the policy pitfalls in certain areas and delay in ..

China's short-term economic prospects doesn't mean it is out of the woods

A healthy Chinese economy is a prerequisite for a solid and durable world expansion. Better a month of reasonably good data than another installment of doom and gloom

China factory output, retail sales figures give boost to recovery prospects

The upbeat data suggest that a flurry of recent measures including property support policies to shore up a faltering economic recovery are starting to bear fruit

Why the West fears China

The book is a vital read because it moves away from the current body of literature that posits China as the "bad boy" by negating the expectations of the West...

Global oil prices up due to tighter supply, China economy in focus

U.S. West Texas Intermediate crude futures gained 10 cents, or 0.13 per cent, to $81.74

UK Foreign Secretary to visit China today, will raise human rights issues

This is the first visit of a UK Foreign Secretary to China in over five years

China pledges to speed up fiscal spending to boost economy: Report

Finance Minister Liu Kun and Zheng Shanjie, chairman of the National Development and Reform Commission, made pledges in reports to the country's legislature, according to official Xinhua News Agency

Statsguru: Six charts show China's economic recovery is weakening

The country has previously depended on debt-fuelled infrastructure spending to po­wer growth. Indebtedness weighs heavier when growth slows down

PM Modi warns of new colonialism model over control of critical minerals

China accounted for 70% of world mine production of rare earths in 2022 and is home to at least 85% of global processing capacity

China has made its housing crisis worse, has houses to meet 7 years' demand

China has made its housing crisis worse. The country has enough new apartments to meet seven years' worth of demand. This can cripple the country's economy, as per the New York Times

Jindal Steel, JSW, Vedanta: Nifty Metal dips over 1% on China slowdown woes

Jindal Steel, Welspun Corp, JSW Steel, and Vedanta led the losses, dropping 2 per cent each. NMDC, National Aluminium, Hindalco, Jindal Stainless, Tata Steel and SAIL lost up to 1.5%

Evergrande's bankruptcy highlights China's real estate crisis: Experts

The filing for bankruptcy by Evergrande, Chinese real estate giant signals the beginning of Beijing's real estate crisis, CNN reported on Friday.

China appears to be building an airstrip on disputed South China Sea island

China appears to be constructing an airstrip on a disputed South China Sea island that is also claimed by Vietnam and Taiwan, according to satellite photos. The work on Triton island in the Paracel group mirrors construction on seven human-made islands in the Spratly group to the east which have been equipped with airstrips, docks and military systems, although it currently appears to be somewhat more modest in scale. China claims virtually the entire South China Sea as its own, denying the claims of others and defying an international ruling invalidating its assertion. Satellite photos from Planet Labs PBC analysed by the by The Associated Press show construction on the airstrip first visible in early August. News website The Drive first reported on the satellite images Tuesday. The runway, as currently laid out, would be more than 600 meters (2,000 feet) in length, long enough to accommodate turboprop aircraft and drones, but not fighter jets or bombers. Also visible are large .

Morgan Stanley cuts China's 2023 economic growth forecast to 4.7%

Earlier this week, J.P.Morgan cut China's 2023 GDP growth forecast to 4.8 per cent from 5 per cent earlier, while Barclays cut it to 4.5 per cent

China skips update on surging youth unemployment as economic slump deepens

China's government skipped giving an update on a politically sensitive spike in unemployment among young people as official data Tuesday showed an economic slump deepened in July. Meanwhile, the central bank unexpectedly cut a key interest rate in a sign of growing official urgency about shoring up economic growth that fell sharply in the three months ending in June. Youth unemployment is sensitive after a survey in June found a record 21.3 per cent of potential urban workers aged 16 to 24 couldn't find work after an economic rebound following the end of anti-virus controls fizzled out. Publication of unemployment by age group is suspended while the National Bureau of Statistics considers how it measures data, according to a bureau spokesperson, Fu Linghui. Fu said a survey found overall unemployment among urban workers was 5.3 per cent, up 0.1 percentage points from June. The employment situation is generally stable, Fu said at a news conference. Growth in consumer spending ...

Oil prices up as China cuts rates twice in 3 months to support economy

Brent crude futures rose 11 cents, or 0.1%, to trade at $86.32 per barrel at 0414 GMT. U.S. West Texas Intermediate crude was up 7 cents, also 0.1%, to $82.57 a barrel

China's premier says economic growth accelerating, can hit its 5% target

China's No. 2 leader said Tuesday that economic growth accelerated in the latest quarter and expressed confidence it can hit the ruling Communist Party's official target of 5 per cent for the year. Premier Li Qiang, speaking at a conference in the eastern city of Tianjin, gave no figure for the three months ending in June but said it was faster than the previous quarter's 4.5 per cent. The world's second-largest economy rebounded from 2022's unusually weak 3 per cent growth following the end of anti-virus controls on travel and business activity. But that faded faster than expected. Consumer and factory activity weakened in May and record-setting youth unemployment spiked up. It is expected that the second quarter will be faster than the first quarter, Li said at the World Economic Forum. We expect to achieve the economic growth rate of about 5 per cent determined at the start of the year. Private sector forecasters expect China's economic output to grow by at least 5 per cent this

Four major western banks cut China's 2023 GDP forecast as recovery falters

UBS, Standard Chartered, Bank of America (BoA) and JPMorgan now expect China's GDP growth to be between 5.2% and 5.7% this year, down from an earlier range of 5.7% to 6.3%