Page 24 - China Economy

Tracking China's warships moving to engage with Pakistan Navy: Officials

The 45th APEF entered the Indian Ocean Region in the IOR in October and has been there since then

Chinese research ship docks at Colombo port, US raises security concerns

A Chinese research ship on Wednesday docked at Sri Lanka's Colombo port, officials here said, amid security concerns raised by the US over its visit. "Shi Yan 6 was given permission to enter the (Colombo) port for replenishment, a Sri Lankan foreign ministry spokesperson told PTI. According to sources, Sri Lanka was delaying granting permission for the arrival of Shi Yan 6 due to security concerns raised by India. However, there is no official confirmation of the same. It was not clear how long the vessel would remain docked at the Colombo port. The arrival of Shi Yan 6 followed President Ranil Wickremesinghe's visit to China last week. In August, Colombo had announced that the Chinese research vessel is scheduled to arrive in October for marine research activities in collaboration with Sri Lanka's National Aquatic Resource Research and Development Agency (NARA). Described as a Research/Survey Vessel with a carrying capacity of 1,115 DWT, the vessel is reported to be 5.3 metres i

Miners race to realise graphite projects as China controls exports

To stay ahead in a fast-changing industry, carmakers have been investing directly in mining projects to ensure future supplies of battery inputs

China's graphite curbs will accelerate plans for alternatives, say analysts

China's decision may escalate trade disputes globally and spur other countries to prioritize research into alternative sources and materials, industry executives said

China building nuclear weapons faster than previous projection: Report

A Pentagon report on China's military power says Beijing is exceeding previous projections of how quickly it is building up its nuclear weapons arsenal and is almost certainly learning lessons from Russia's war in Ukraine about what a conflict over Taiwan might look like. The report released on Thursday also warns that China may be pursuing a new intercontinental missile system using conventional arms that, if fielded, would allow Beijing "to threaten conventional strikes against targets in the continental United States, Hawaii and Alaska. The China report comes a month before an expected meeting between Chinese leader Xi Jinping and President Joe Biden on the sidelines of next month's Asia-Pacific Economic Cooperation summit in San Francisco. The annual report, required by Congress, is one way the Pentagon measures the growing military capabilities of China, which the US government sees as its key threat in the region and America's primary long-term security challenge. But after .

China tells banks to roll over local government debts as risks mount

Local government debt reached 92 trillion yuan ($12.58 trillion), or 76% of the country's economic output in 2022, up from 62.2% in 2019

Multilateral action needed to fight economic coercion by China: Report

Former Australian foreign minister Julie Bishop at the Ditchley conference, stressed the importance of major powers' taking joint action to fight its pressure

China's inflation data shows economy in doldrums despite trade improvement

China's economy remains in the doldrums, data released Friday showed, with prices due to slack demand from consumers and businesses. Consumer prices remained flat in September compared with a year earlier, the National Bureau of Statistics said, while wholesale prices fell 2.5 per cent. Exports and imports also fell last month as demand fell in overseas markets. The faltering recovery of the world's second largest economy from the shocks of the COVID-19 pandemic is dragging on regional and global growth, though economists have said the worst might have passed. Trade ticked up slightly from the month before and manufacturing is showing signs of improvement. Earlier this week, the International Monetary Fund cut growth forecasts for China, predicting economic growth of 5 per cent this year and 4.2 per cent in 2024, down slightly from its forecasts in July. The IMF attributed its downward revision to weaker consumer confidence, subdued global demand and a crisis in the property sector

India still far from replacing China as global growth engine, says HSBC

HSBC expects the gap between the two economies to continue to widen in the foreseeable future, expanding to $17.5 trillion by 2028, based on IMF forecasts

China's consumer inflation rate flatlines in Sept amid precarious recovery

Core CPI - which strips out volatile food and energy costs - rose 0.8%, same as August. Producer prices fell 2.5%, moderating slightly from the prior month's decline

First ship berths carrying cranes from China arrive at Vizhinjam port

The first ship that arrived at Vizhinjam port here carrying cranes from China was given a water salute by the tug boats which pulled the vessel into the Rs 7,700 crore deep-water international port on Thursday, official sources said. The mammoth container handling cranes onboard the vessel would be transferred to the port on Sunday, October 15, in an official event that would be attended by Union Minister for Ports Sarbananda Sonowal and Kerala Chief Minister Pinarayi Vijayan, the sources said. The vessel -- Zhen Hua 15 -- which began its journey from China at the end of August was scheduled to dock at Vizhinjam on October 4, but its journey got delayed due to bad weather conditions along its route. On reaching Indian coastal waters, it first went to Mundra port in Gujarat to offload some cranes there and then proceeded towards Vizhinjam, the sources said. It docked at Vizhinjam port at around 11.20 am, they said. The Kerala government last month had said that three more ships wou

India accuses China's Vivo of visa violations, siphoning off $13 bn

"Many employees of Vivo group companies worked in India without appropriate visas," the agency said in the filing

Govt demands e-scooter makers return $60 mn aid for using China parts

It turned out that some manufacturers were importing ready-to-use parts, mainly from China, and thus had little control over the quality of their end products

Citigroup raises China's GDP forecast, says economy has bottomed out

"The cyclical bottom is here, with all eyes on whether organic demand will pick up amid gathering policy momentum," wrote economists led by Yu Xiangrong

China services activity expands at slowest pace in September this year

"Services supply and demand grew at a slower pace in September, as market conditions improved less than expected," said Wang Zhe, senior economist at Caixin Insight Group.

Chinese stock investors say worst yet to come in country's property crisis

Sentiment has only worsened this week as worries about liquidity and weak housing demand intensified

China's growth target hangs in balance while economists cut forecasts

"The real estate sector will continue to be under mounting pressure" despite recent government efforts to support property, said analysts at Poseidon Partner

Senior Nomura banker barred from exiting China amid investigations: Report

The travel restriction is linked to Wang's time at Industrial & Commercial Bank of China Ltd., where he worked before joining Nomura in 2018, according to the report

China's economic confidence plummets as domestic real estate crises stack

In the midst of these economic challenges, a crisis of confidence is emerging, with growing doubt about the Chinese economy's future

China's short-term economic prospects doesn't mean it is out of the woods

A healthy Chinese economy is a prerequisite for a solid and durable world expansion. Better a month of reasonably good data than another installment of doom and gloom