Page 4 - China Economic Growth

China unveils plan to boost incomes, consumption, economic growth

At annual parliamentary meetings this month, the country's leadership made boosting consumption their top priority for the first time since President Xi Jinping came to power over a decade ago

China urges banks to expand lending, credit use to boost consumer spending

China has ordered banks and other financial institutions to encourage more consumer financing and use of credit cards as part of a campaign to get people to spend more. The order on Friday from the country's financial regulator is part of the ruling Communist Party's latest push to build more confidence among consumers who are opting to save rather than spend, worried over jobs and the outlook for the economy. It said banks should lend more and also find ways to help borrowers who run into difficulties. Share prices in China surged following the notice from the National Financial Regulatory Commission. Officials are due to hold a briefing on Monday on efforts to increase spending and investment, factors considered crucial for keeping the economy on track following the setbacks of the COVID-19 pandemic, when millions of people lost jobs and many companies went out of business. The Chinese economy, the world's second-largest, has been growing recently at about a 5 per cent pace, ...

Bai Lan movement: Why Chinese youth are 'lying flat' and 'letting it rot'

The West 'quiet quits', the Chinese choose 'Bai Lan': How youth is rejecting hustle culture amid rising unemployment

China raises defence budget to $249 bn: How does it compare to India?

China's annual NPC highlighted a focus on keeping urban unemployment at 5.5%, creating 12 million new urban jobs, and advancing emerging tech in 2025

China's factory activity picks on strong supply, demand; PMI rises to 50.8

Factory production accelerated in February from the previous month, while total new orders increased at the quickest pace in three months

Deepseek's promise in China comes with a workforce warning: Goldman Sachs

Goldman Sachs anticipates that by 2030, it estimated that AI-driven advancements could contribute an additional 0.2 to 0.3 percentage points to the expansion of China's economy

China's Xi attends symposium on private enterprises, meets biz leaders

Xi delivered a speech after listening to representatives of private companies

China's services activity grows at slower pace in Jan, PMI slips to 51

The Caixin survey showed that new business growth eased to a four-month low, while employment fell to the weakest since April 2024

China's manufacturing prowess to bear on India's growth story: Eco Survey

Chinese manufacturing prowess and its dominance in the strategic sector will have a bearing on India's growth projection in the medium term and its march to become a developed nation by 2047, the Economic Survey said on Friday. The Survey has said India needs to grow at 8 per cent for about two decades to become a developed nation by 2047, but it will have to face challenges from global developments and reliance on Chinese imports. "While the desirability of this growth rate is unquestionable, it's important to recognise that the global environment political and economic will influence India's growth outcomes," the Economic Survey 2024-25 said. The survey said fundamental shifts in global economic engagement are underway with the proliferation of trade and investment restrictions. Between 2020 and 2024, over 24,000 new restrictions related to trade and investments have gone into place globally. The survey made a case for "acknowledging the elephant (and the dragon) in the room th

India among top 3 least favoured Asian stock market amid multiple headwinds

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

China's economy grows 5% in 2024, driven by exports, stimulus measures

China's economy expanded at a 5% annual pace in 2024, slower than the year before but in line with Beijing's target of around 5% growth, helped by strong exports and recent stimulus measures. In quarterly terms, the economy grew 5.4% in October-December, the government reported Friday. Exports accelerated as companies and consumers rushed to beat potential tariff hikes incoming President-elect Donald Trump may impose on Chinese goods. The national economy was generally stable with steady progress and new achievements were made in high-quality development, according to the report by the National Bureau of Statistics on Friday. Particularly, with a package of incremental policies being timely rolled out, the social confidence was effectively bolstered and the economy recovered remarkably, it said. Manufacturing was a strong engine for growth last year, with industrial output jumping 5.8% from a year earlier. Total retail sales of consumer goods grew 3.5% at an annual rate. Exports

Nomura sees muted Nifty returns in 2025, sets December target at 23,784

Nomura Nifty target: Nomura suggests investors stay highly "selective" and bet on stocks and/or sectors with relative valuation comfort

China's exports grew 10.7% in Dec amid uncertainty over trade tariffs

Imports surprised to the upside with 1.0 per cent growth, the strongest performance since July 2024

China expands consumer trade-in programme to revive consumer spending

With billions in subsidies, the initiative aims to attract new consumers, but experts are divided on whether it will drive lasting change or just provide a short-term economic boost

China's consumer prices stall in 2024 due to feeble domestic demand

A combination of job insecurity, a prolonged housing downturn, debt and tariff threats from the incoming administration of US President-elect Donald Trump has hit demand

China's service sector rises to 7-mth high, but overseas orders decline

The growth pace was the fastest since May 2024, driven by the surge in domestic demand

China gives govt workers first big pay hike in a decade to boost economy

On a combined basis, the immediate payout would amount to a one-time shot to the economy of between about $12 billion and around $20 billion

Factors behind China's declining productivity and economic slowdown

One key issue contributing to this downturn is the country's declining total factor productivity (TFP), a measure of how efficiently inputs like labour and capital are used to generate output

Record Chinese youth flock to civil services on prospect of job security

Applicant numbers, which surged by over 400,000 from last year and have tripled since 2014, reflect the huge demand for stability

China urges more aid for people in need as economic challenges persist

China's economy has struggled to gather steam this year, mainly due to a protracted property crisis and weak domestic demand