Page 34 - China Economy

G7 ministers seek to expand unity on Ukraine war, China's economic clout

Top diplomats from the world's major industrialized democracies sought on Thursday to expand unified positions on Russia's war in Ukraine, China's growing global economic clout and Iran's crackdown on anti-government protestors. Foreign ministers from the Group of Seven nations began two days of talks in the historic western German city of Muenster to take stock of the war in Ukraine and keep up economic, military and other support for the country more than eight months after Russia's invasion and as winter approaches. The significance of the venue the same room in which the Treaty of Westphalia ending Europe's bloody 30 Years War was signed in 1648 was not lost on the participants, some of whom commented on the relevance of the principles it enshrined in international diplomacy. US Secretary of State Antony Blinken made reference to the 374-year-old document at an event with German Foreign Minister Annalena Baerbock, saying Russia's actions in Ukraine are a direct attack on the .

Iphone supply chain hit by Xi Jinping's stringent Coronavirus curbs

The abrupt move is expected to disrupt a factory already grappling with an outcry over an on-site coronavirus outbreak, worker exodus and enforced quarantine

China's property debt crisis enters new phase as bond havens crumble

China's property debt crisis is entering a new phase as even developers that had long been considered safer rapidly tumble into distress

China's property crash sends billionaire founders heading to exits

Longfor Group Holdings Ltd.'s Wu Yajun resigned on Friday as executive director and chair, shortly after Soho China Ltd.'s Pan Shiyi quit in September

China's economy weakens, signs point to more strain ahead amid Covid curbs

Both the official manufacturing purchasing managers index and the non-manufacturing gauge, which measures construction and services activity, fell in the month to 49.2 and 48.7, respectively

China's economic growth now seen below 5% through 2024 on Covid zero risk

Growth is now expected to be below 5% for each year through 2024, the latest Bloomberg survey of economists shows

China may ease Covid Zero by 2022-end to aid economy, says Mobius

China will probably ease its disruptive Covid Zero policy by the end of this year as its economy is in trouble and the government needs money "badly," said Mark Mobius

China's economic growth accelerates but weak amid Covid shutdowns

China's economic growth picked up in the latest quarter but still was among the weakest in decades as the ruling Communist Party tries to reverse a slump while enforcing anti-virus controls and a crackdown on debt in its vast real estate industry. The world's second-largest economy grew by 3.9% over a year earlier in the three months ending in September, up from the previous quarter's 0.4%, official data showed Monday. The announcement was planned for last week but postponed while the ruling Communist Party met to award President Xi Jinping a new term as leader. Xi, the most powerful leader in decades, wants a bigger party role in business and technology development. That has prompted warnings tighter control of entrepreneurs who generate jobs and wealth will depress growth that already was in long-term decline. The party gave Xi a free hand by installing a seven-member ruling Standing Committee made up of his allies. Supporters of free enterprise including Premier Li Keqiang, the

Chinese stocks slide as leadership overhaul disappoints investors

The offshore yuan weakened as much as 0.7% to 7.2782 per dollar Monday morning to approach a record low seen last week

China's economic data shows mixed recovery as unemployment ticks up

Gross domestic product grew 3.9% in the July-to-September period from a year ago, rebounding from almost stagnant growth in the second quarter when Shanghai was still in lockdown

Shanghai quietly shuts schools, gyms and bars as Covid-19 returns

The financial hub reported 47 new infections for Wednesday, the most since July 13 when a brief rise in cases revived fears of another general lockdown.

China's services activity drops as Covid-19 lockdowns curb spending

The data is further evidence of the toll China's Covid Zero strategy is taking on consumer spending and the economy.

China's dark eco picture to hinder Xi's quest to secure 3rd term: Experts

Xi's tightened political control in China has posed several challenges to his leadership as communist nation is facing a dark economic picture while economic and social inequality continue to increase

China looking for new ways to resolve current debt quagmire: Report

After the first version of China's flagship Belt and Road initiative was blocked, Beijing is working on a 2.0 version while being open to accepting some losses on loans and renegotiating debt

China property stocks, bonds rally post report of $85 bn support from banks

CIFI Holdings Group Co., KWG Group Holdings Ltd. and Agile Group Holdings Ltd. were the top gainers in Hong Kong, up more than 10% each.

China's falling yuan worries Xi Jinping ahead of 20th National Congress

Ahead of the 20th National Congress, the fall of the yuan, also known as Renminbi, is embarrassing for China which always boasts of a strong currency as evidence of its economic stability

How should India respond to future shocks in an off-balance changed world?

The global engines of growth have become the sources of instability and uncertainty. T N Ninan explores what India should do

China will feel increasingly isolated as supply chains shift: Gautam Adani

China's Belt and Road initiative has run into resistance in many countries, the founder and chairman of Adani Group said at a conference in Singapore

As yuan nears lowest level in 14 yrs, traders brace for more PBOC pushback

The People's Bank of China has already stepped up its currency defense, but it did little to stop the depreciation.

China's real estate crisis: CCB to set up $4.2 bn fund to buy properties

The fund will "invest in existing assets" of real estate companies and renovate the properties into rental housing, the lender said in a statement to the Shanghai stock exchange Friday.