Page 30 - China Economy

Diaspora set to rush home as China dismantles Covid Zero, opens borders

The reopening of China's borders marks the end of Covid Zero, a strategy that left it isolated for three years and weighed heavily on its economy

China's services activity shrinks in Dec as surging Covid cases hit demand

The Caixin/S&P Global services PMI rose to 48.0 in December from 46.7 in November, but remained below the 50-point mark, which indicates contraction in activity, for a fourth straight month

China markets start 2023 with a bang as Covid policy shift hastens

Beijing has pledged to expand fiscal spending as part of efforts to boost economic growth

Assumptions that didn't survive 2022

In a year marked by conflict and loss, silver linings were few and far between, with many statements much harder to repeat at the end of 2022 than at the beginning

China's economic activity rebounds in cities where Covid-19 peaked

While mobility still remains well below pre-pandemic levels, the quick rebound in activity in cities like Beijing - where the outbreak was most severe - suggests the economy could recover faster

China further tightens edtech rules in fresh blow to private tutors

The latest restrictions appear in line with Xi Jinping's broader objective of reining in China's increasingly powerful private sector

China job prospects, incomes plunge to new lows amid economic slowdown

But while economic activity is expected to eventually rebound, it's unclear how quick that will happen given the spread of infections and the weakness in confidence

China's economy is showing increasing strain from the Covid tsunami

Even before the curbs were lifted, China's economy was struggling, with a slump in consumer spending deepening and industrial output growing the slowest since the spring lockdowns

China's soaring Covid-19 infections push economic activity off a cliff

Following the recent abrupt end to Covid Zero controls, more cities have been hit by an exit wave of infections in the past week, leading to crowded hospitals and queues at funeral parlors

China finds microchip acquisition difficult due to US-imposed barriers

China has been ruthless in its attempts to acquire high-end microchips as it imports more than $300 bn worth of semiconductors each year

China's budget deficit hits record $1.1 trillion on Covid zero slump

The lockdowns, testing and quarantine rules that were key to the Covid Zero policy put a strain on consumer and business spending, pushing the economy close to contraction in the second quarter

As China cases surge, India must keep an eye on raw material supplies

Epidemiologist forecasts 10% of world population will be infected in next 90-days

Centre to review Covid situation as cases rise in China, other nations

Health ministry asks states to ramp up genome sequencing

China's Covid-19 outbreak has US worried about new mutations of virus

Chinese cities are witnessing a wave of Covid-19 cases, with concerns growing that the government may be hiding the true toll of the virus

Chinese business confidence falls to lowest in almost a decade on Covid-19

The index fell to 48.1 in December from 51.8 in November, showed the World Economics' survey of sales managers at over 2,300 companies conducted Dec. 1-16

Oil falls but poised for biggest weekly gain since early Oct on China hopes

Brent crude futures fell $1.80, or 2.2%, to $79.41 per barrel by 0940 GMT

China's economy braces for turmoil as Covid curbs ease, infections surge

The government's abrupt abandonment of its long-held Covid Zero strategy has made the outlook for the economy very uncertain as factories brace for disruption and labor shortages rise

China's Nov factory output, retail sales miss expectations as Covid bites

China's economy has been depressed by its zero-COVID policy, as tight movement controls hampered consumption and production

Volatile Indian equity markets, flows capping downside: BofA on 2023

Revival in China's economic growth and policies could shrink this premium

China to set economic plans amid shift from Covid Zero policy to growth

China's abrupt ending of its Covid Zero policy injects more uncertainty into an already fragile economy, raising the prospect of looser fiscal and monetary policy