Page 12 - China Economy

China home sales slump continues despite government's rescue efforts

The sector continues to be a drag on China's economy, which needs more stimulus to meet the government's 5 per cent growth target this year, according to reports

IBM to revoke ops from China amid tussle between Washington-Beijing: Report

The current shift in IBM's business structure is reportedly due to the rising tensions between China and the US along with an ongoing decline in the Chinese economy

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

China's July industrial profits grow despite sluggish domestic demand

Profits in July jumped 4.1 per cent from a year earlier following a 3.6 per cent rise in June

China's fiscal revenue falls 2.6% in Jan-Jul amid economic growth struggles

July economic data, including a fall in household loans and a slow down in industrial output growth

Financial risks in key areas are being resolved, says PBOC's chief

Chinese policymakers have long relied on guidance to financial institutions to accelerate or scale back lending as a way to influence the economy

Why restrictive trade responses fail to halt China's export juggernaut

US and Europe should understand the issues and discuss them with China, tailoring responses to the underlying diagnosis, rather than taking knee-jerk protectionist measures that only stoke tensions

What you need to know about China's widening probe of European imports

Beijing is already assessing whether EU brandy and pork imports are being sold below market rates

China's extreme weather takes bite out of produce as prices rise sharply

Soaring food prices this summer present an additional headache for the world's second-largest economy, which is already wrestling with thorny problems from sluggish factory output and joblessness

Taiwan defence spend to outpace expected GDP growth as China threat rises

Taiwan's govt has made military modernisation a key policy platform and has repeatedly pledged to spend more on its defences as threat from China rises, including developing made-in-Taiwan submarines

Putin meets China's Premier Li as Moscow, Beijing deepen their relations

Russian President Vladimir Putin met with Chinese premier Li Qiang Wednesday, hailing growing trade relations as Moscow becomes increasingly dependent on Beijing for political and economic support. Our trade relations are developing, developing successfully ... The attention that the governments of the two countries on both sides are paying to trade and economic ties is yielding results, Putin said at the meeting in the Kremlin. He also said that Russia and China have developed large-scale plans for economic and other projects. Chinese-Russian relations are at an unprecedentedly high level," said Li, who earlier had met with his Russian counterpart, Prime Minister Mikhail Mishustin. The meeting took place as Russia struggled to push back a Ukrainian incursion into the Kursk region now in its third week. And overnight, Moscow experienced one of the largest waves of drone attacks on the Russian capital since the start of the Ukraine conflict. Russian news reports did not indicate ..

China has cut permits by nearly 80% for new coal power plants: Greenpeace

Greenpeace East Asia project lead Gao Yuhe said wind and solar expansion has been strong as coal building slows, but that it was unclear what slowdown meant for use of the carbon-intensive fossil fuel

EU draft on tariffs for Chinese EVs brings 'enormous risks': CAAM

European Commission published draft findings of its high-profile investigation into alleged subsidies for imports of Chinese-made EVs, which included some revisions to proposed punitive tariffs

China's July fuel oil imports fall for third straight month: Customs data

The import volumes included purchases under ordinary trade, which are subject to import duty and consumption tax, as well as imports into bonded storage

China plans to increase $406 bn social security fund to aid ageing society

Fund, which was established in 2000, is 'strategic reserve fund for social security needs during the peak period of population aging and the ballast of my country's social security system,' Ding said

China leaves key lending benchmarks unchanged, in line with expectations

China surprised markets by cutting major short- and long-term interest rates in July, its first such broad move in almost a year, signalling policymakers' intent to strengthen economic growth