Page 6 - China Economic Growth

Chinese GDP gets little cheer, while dollar rises for straight third week

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

Will China's new $550 billion loan measure revive slumping property market?

China's central bank is contemplating additional measures to stimulate the country's property sector, including allowing policy banks and commercial lenders to provide loans to developers

China may raise $850 bn in new debt over 3 years to spur growth: Report

While not the bazooka some investors had been calling for, analysts say 6 trillion yuan in extra debt in the next three years could help stabilise growth

China's exports to Russia surge 15.7% in September, fastest in 9 months

"Bilateral trade has maintained a momentum of growth," Chinese state media cited Li as telling Russian Prime Minister Mikhail Mishustin at the time

China's finance minister says room for economic stimulus but offers no plan

The Chinese government is looking at additional ways to boost the economy, Finance Minister Lan Fo'an said Saturday, but he stopped short of unveiling a major new stimulus plan that analysts and stock investors were hoping for. Lan's remarks left the door open for such a plan in the future but he did not divulge what is under consideration. There are other policy tools that are being discussed that are still in the pipeline, he said at a news conference, adding that there is ample room in the government budget to raise debt and increase the deficit. China's economy has remained sluggish despite the lifting of COVID-19 restrictions at the end of 2022. Companies have cut back on hiring and wages and a prolonged downturn in the property market has deflated consumer confidence, curbing spending. The government has raised pensions and offered subsidies to people who trade in old cars or appliances for new ones, but such steps have failed to jolt economic growth. Chinese stock markets .

China announces more support for economy, holds back on spending package

China's economic planning agency outlined details of measures aimed at boosting the economy on Tuesday but refrained from major spending initiatives. The piecemeal nature of the plans announced Tuesday appeared to disappoint investors who were hoping for bolder moves, and Shanghai's benchmark gave up a 10 per cent initial gain as markets reopened after a weeklong holiday to trade just 3 per cent higher. The head of the National Development and Reform Commission said the government will frontload 100 billion Yuan (USD 14.1 billion) in spending from the government's budget for 2025 in addition to another 100 billion Yuan for construction projects. The scale of spending overall was well below the multi-trillion Yuan levels that analysts said might be expected. The NDRC's chairman, Zheng Shanjie, said China was still on track to attain its full-year economic growth target of around 5 per cent. But he acknowledged the economy faces difficulties and an increasingly more complex and extre

China reopens with a bang scaling highs but fails to lift Asia stocks

China's CSI300 blue-chip index surged 10 per cent in early trade to its highest level since July 2022, while Shanghai Composite Index jumped roughly same amount to its highest mark since December 2021

China firms plan up to $15 bn in overseas bond issues in Q4, say bankers

Ratings agency Fitch said in a report this week that China's move to loosen the country's credit conditions was at a faster pace than it had anticipated

China, US to hold talks in near future on economic, trade issues: Reports

The tariffs were imposed after a review by the Office of the US Trade Representative of levies that had been previously introduced by former US President Donald Trump

China's factory, service sects skid for 5th month as stimulus calls grow

Authorities last week also launched the country's most aggressive stimulus package since the COVID-19 pandemic

PBOC lowers interest rates, injects liquidity into the banking system

People's Bank of China (PBOC) said it would cut the reserve requirement ratio (RRR) for all banks, except those that have implemented a 5 per cent reserve ratio.

China's industrial profit growth swings back to decline in August

Profits plunged 17.8 per cent in August from a year earlier following a 4.1 per cent increase in July

Goldman Sachs, Citigroup lower China's 2024 growth forecast to 4.7%

Weak economic activity in August has ramped up attention on China's slow economic recovery

China's deepening economic slowdown tests Xi's tolerance for growth miss

Pressure is growing on Chinese authorities to quickly ramp up fiscal and monetary stimulus to hit this year's growth target

China's economy softens in August as Beijing struggles with weak demand

China's economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand. Data published by the National Bureau of Statistics Saturday showed weakening activity across industrial production, retail sales and real estate this month compared to July. We should be aware that the adverse impacts arising from the changes in the external environment are increasing, said Liu Aihua, the bureau's chief economist in a news conference. Liu said that demand remained insufficient at home, and the sustained economic recovery still confronts multiple difficulties and challenges. China has been grappling with a lagging economy post-COVID, with weak consumer demand, persistent deflationary pressures and a contraction in factory activity. Chinese leaders have ramped up investment in manufacturing to rev up an economy that stalled during the pandemic and is still growing slower than hoped. Beijing also h

Bank of China announces first interim dividend even as profits fall

The state-owned lender will distribute 1.208 yuan ($0.17) per 10 shares in interim payouts, according to a Thursday exchange filing

Protests on rise in China amid sluggish economy, housing crisis: Report

Country records 18% rise in dissent cases in 2nd quarter of this year

UBS lowers China growth forecasts on deeper-than-expected property downturn

With China's economic momentum subdued since March amid the real estate downturn and a tight fiscal policy stance, the investment bank now expects gross domestic product to expand 4.6 per cent

China's two richest people lose billions in record-breaking stock selloffs

China's wealthiest person, Nongfu Spring Co. founder Zhong Shanshan, lost some $3 billion as the beverage giant's shares fell by a record 10 per cent

China's PDD suffers $55 bn market cap wipeout on uncertainties in market

The e-commerce retailer operates discount-focused platforms Pinduoduo in China and Temu for the international market