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Page 9 - China Economic Growth

China sees silver lining in property sector, Japan comparisons still loom

International Monetary Fund estimates fundamental demand for housing in China to average 950 million square metres over the next 10 years

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Updated On : 04 Jun 2024 | 11:55 AM IST

China factory activity contracts in May in surprise hit to growth outlook

The official manufacturing purchasing manager index fell to 49.5 in May, the National Bureau of Statistics said on Friday. That compares with a reading of 50.4 in April

China factory activity contracts in May in surprise hit to growth outlook
Updated On : 31 May 2024 | 8:16 AM IST

China plans to cut CO2 emission in key sectors by 1% of 2023 level

The plan said China would 'strictly' control coal consumption, 'reasonably' control petroleum consumption and promote use of biofuel and sustainable aviation fuel

China plans to cut CO2 emission in key sectors by 1% of 2023 level
Updated On : 30 May 2024 | 1:56 PM IST

China's yuan hits 6-month low against strong dollar despite state bank aid

The move comes as US Treasury yields pushed to a near four-week peak lifting the greenback higher

China's yuan hits 6-month low against strong dollar despite state bank aid
Updated On : 29 May 2024 | 12:42 PM IST

Why is Nomura betting big on RIL, BEL, Exide, Sona BLW and Uno Minda?

As corporate capex picks up, it expects the Indian corporate sector to sustain 12 - 17 per cent earnings growth in the medium-term

Why is Nomura betting big on RIL, BEL, Exide, Sona BLW and Uno Minda?
Updated On : 28 May 2024 | 10:12 PM IST

China's Qiang praises 'restart' of engagement with Japan, South Korea

They may also agree to resume three-party free trade agreement negotiations, which have been stalled since 2019, according to Japanese media reports

China's Qiang praises 'restart' of engagement with Japan, South Korea
Updated On : 27 May 2024 | 2:55 PM IST

China accelerates construction of automated, efficient, intelligent ports

/ -- A report from People's Daily: As one steps into the fully automated container terminal at Rizhao Port in east China's Shandong province, a remarkable sight unfolds - remote-controlled quay cranes precisely grabbing and releasing containers, automated rail-mounted cranes and unmanned container trucks working in coordination... Human operators are scarcely visible at the terminal, yet operations run smoothly and efficiently. As the first side-loading and parallel-layout fully automated container terminal in the world, the terminal employs China's BeiDou Navigation Satellite System and 5G technology, and has launched six domestically developed and industry-first innovative technologies, including a scheduling system for autonomous container trucks. The pioneering facility has made remarkable progress since it was put into use on Oct. 9, 2021 - its single-crane operational efficiency improved by 50 percent and overall costs lowered by 70 percent. Besides, the single-crane handling .

China accelerates construction of automated, efficient, intelligent ports
Updated On : 27 May 2024 | 10:57 AM IST

China's industrial profits swung back to positive in April: NBS data

For April alone, profits were up 4.0 per cent, versus a 3.5 per cent slide in March

China's industrial profits swung back to positive in April: NBS data
Updated On : 27 May 2024 | 9:54 AM IST

Asset famine in China limits central bank's bond trading ambitions

People's Bank of China (PBOC) pledged recently to add treasury bond buying and selling to its toolkit, to improve an increasingly flawed monetary policy transmission mechanism

Asset famine in China limits central bank's bond trading ambitions
Updated On : 27 May 2024 | 8:57 AM IST

Asia shares touch two-year top buoyed by China's property boost plans

Late last week, partly in response to some policymakers' comments, global bonds retraced a rally that had followed an encouraging fall in US CPI data

Asia shares touch two-year top buoyed by China's property boost plans
Updated On : 20 May 2024 | 9:30 AM IST

Elon Musk pushes plan for China data to power Tesla's FSD ambitions

Tesla's efforts underscore the speed of the electric vehicle maker's pivot to bet on a breakthrough in AI at a time when EV demand has slowed and its competition has deepened

Elon Musk pushes plan for China data to power Tesla's FSD ambitions
Updated On : 17 May 2024 | 2:18 PM IST

China's April industrial output rises 6.7% as manufacturing gathers pace

However, retail sales, a gauge of consumption, rose 2.3% in April, slowing from a 3.1% increase in March

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Updated On : 17 May 2024 | 9:58 AM IST

China's housing market crash could hurt millions of promising careers

The value of new-home sales from the 100 biggest real estate companies was down about 45% in April from a year earlier

China's housing market crash could hurt millions of promising careers
Updated On : 17 May 2024 | 7:28 AM IST

Too many unsold homes? China considering govt purchases to ease glut

Local state-owned enterprises would be asked to help purchase unsold homes from distressed developers at steep discounts using loans provided by state banks, according to two of the people

Too many unsold homes? China considering govt purchases to ease glut
Updated On : 15 May 2024 | 11:06 PM IST

Asia stocks brace for US inflation test, Chinese data to test optimism

There are also reports Chinese authorities are laying the groundwork for a sale of 1 trillion yuan ($138.39 billion) in longer-dated bonds to help fund stimulus spending at home

Asia stocks brace for US inflation test, Chinese data to test optimism
Updated On : 13 May 2024 | 9:28 AM IST

Ukraine peace talks should include Russian representatives: China diplomat

Moscow has said it sees no point in Ukraine peace talks in Switzerland, while Kyiv has said it sees no place at the summit, held near the Swiss city of Lucerne, for Russia

Ukraine peace talks should include Russian representatives: China diplomat
Updated On : 07 May 2024 | 9:17 AM IST

China's services activity eases in April but still solid: Caixin PMI

Caixin/S&P Global services purchasing managers' index (PMI) eased to 52.5 from a 52.7 in March, remaining in expansionary territory for the 16th straight month

China's services activity eases in April but still solid: Caixin PMI
Updated On : 06 May 2024 | 8:11 AM IST

China vows reforms at long delayed party conclave amid challenging economy

The central committee typically holds seven plenums between party congresses, which are held once every five years

China vows reforms at long delayed party conclave amid challenging economy
Updated On : 30 Apr 2024 | 4:07 PM IST

Strained Chinese cities unable to raise funds to pay home buying subsidies

The property market accounted for about a quarter of China's economic activity at its peak

Strained Chinese cities unable to raise funds to pay home buying subsidies
Updated On : 30 Apr 2024 | 10:29 AM IST

Stocks in Asia inch higher, Yen wobbles after volatile start to week

China stocks were mixed in early trading with the blue-chip index easing 0.07%, while Hong Kong's Hang Seng index was up 0.5%

Stocks in Asia inch higher, Yen wobbles after volatile start to week
Updated On : 30 Apr 2024 | 8:18 AM IST