Page 4 - China Economic Growth

China's Q1 industrial profits return to growth amid US tariff woes

Cumulative profits of China's industrial firms rose 0.8 per cent to 1.5 trillion yuan ($205.86 billion) in the first quarter from a year earlier

China's Q1 economic growth beats expectations, but US tariffs pose risk

Data on Wednesday showed China's gross domestic product (GDP) grew 5.4 per cent in the January-March quarter from a year earlier, unchanged from the fourth quarter

China's e-com giant JD-com to invest $27 bn to help exporters go domestic

Beijing increased its tariffs on US imports on Friday to 125%, hitting back against US President Donald Trump's decision to hike duties on Chinese goods to 145

EU, China start talks on lifting EU tariffs on Chinese electric vehicles

The European Union imposed tariffs on Chinese-made electric vehicles (EVs) late last year, saying they were needed to counter cheap loans

China's manufacturing at 12-month high on strong orders, PMI rises to 50.5

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

China plans for global CEOs to meet President Xi in Beijing next week

China's planned interaction with top business figures underscores the message it's been sending that the nation is open for business, contrasting with Trump's more protectionist "America First" policy

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