Page 34 - China Economy

World stocks eye 3% weekly loss, dollar sky high before US jobs data

Fresh lockdowns in China are also fuelling concerns about global growth, while high energy costs as a result of the war in Ukraine are weighing on European markets

China's new home prices fall marginally in August due to weak demand

New home prices in 100 cities fell 0.01% from a month earlier, unchanged from July, according to survey data released on Thursday by China Index Academy

China to publish detailed economic policy steps in early September

The government will lay out detailed plans to implement the 19 new policies it announced last week to support growth

Heatwaves, Covid cases scald China's manufacturing activity in August

Covid cases, property sector woes also keep PMI below 50 in August

Four of six major economies miss growth estimates including India: NSO

The results were even lower than the 14.5 per cent estimate given by the RBI's Survey of Professional Forecasters on Macroeconomic Indicators in August.

China bad debt managers see earnings tank on deepening property losses

China's distressed-debt managers have been in turmoil as aggressive lending to embattled developers and unchecked expansion into other areas has beset the $730 billion funds with heavy credit losses

China's growth prospects weaken as economists cut 2023 forecasts

Growth projections for the first three quarters of next year were also lowered -- by 0.1-0.4 percentage points -- although the median for the whole of 2023 remained unchanged at 5.2%

Covid-19 curbs must change to help economy, says Chinese think tank

A Chinese think tank issued a rare public disagreement on Monday with the ruling Communist Party's severe zero COVID policy, saying curbs that shut down cities and disrupt trade, travel and industry must change to prevent an economic stall. The Anbound Research Center gave no details of possible changes but said President Xi Jinping's government needs to focus on shoring up sinking growth. It noted the United States, Europe and Japan are recovering economically after easing anti-disease curbs. Preventing the risk of economic stall should be the priority task," the think tank said in a report titled, It's Time for China to Adjust Its Virus Control and Prevention Policies. Even such mild public disagreement with official policy is almost unknown in a politically sensitive year when Xi, China's most powerful leader since at least the 1980s, is expected to try to extend his time in office. The report, dated Sunday, was posted on the Anbound Research Center's accounts on the popular WeC

China's bad debt funds are no white knights for its crumbling real estate

Aggressive lending to embattled developers during the sector's boom years has beset the $730 billion funds with heavy credit losses, sending their bonds tumbling

China's industrial profits decline 1.1% in first 7 months of 2022

China's economic slowdown deepened in July, with retail sales, industrial output and investment all missing economist estimates

How China plans to spend $1 trn on infrastructure to boost economy

To help boost the economy, Beijing is targeting investments in new energy projects, high-speed rail and water tunnels

TMS Ep246: Hybrid cars, China's property crisis, RIL AGM, Benami law

Are hybrid cars a better solution for India than EVs? Can China's real estate crisis crash the global economy? RIL's 45th AGM: What should investors expect? What is Benami law? All answers here

Can China's real estate crisis crash the global economy?

Chinese real estate bubble is finally bursting. People are hitting the roads in protests while the government is trying hard to douse the flames. Here's an insight into the brewing crisis in China

Chinese firm Evergrande's fall should also serve as a warning to Vietnam

China Evergrande Group's debt blowup, with the tumbling home prices and mortgage boycotts that followed, have sent the economy into its deepest spin since the Cultural Revolution

Power crunch in Sichuan province adds to manufacturers' woes in China

High temperatures, record electricity demand cause gaps in power supply

China's decoupling from emerging markets to revive growth may prove a blip

Chinese equities are seen making up lost ground as the extreme pessimism toward its economy recedes and authorities take further steps to revive stuttering growth

China plans more fiscal stimulus as outlook darkens with rising Covid cases

China's local governments could sell more than $229 billion of bonds to fund infrastructure investment and plug budget gaps

Goldman Sachs, Nomura downgrade China GDP forecasts as outlook darkens

Goldman Sachs lowered its projection for China's gross domestic product growth to 3% from 3.3%, citing weaker-than-expected July economic data as well as near-term energy constraints

In two China cities, civil servants told to help clear unsold homes

Sixian, a small city in the eastern province of Anhui, has required civil servants to sell property to their friends and family, the Chinese financial media outlet Yicai reported on Wednesday

Global share trade mixed on optimism about economies of US, China

Global shares were mixed Wednesday as markets looked to strong economic signs out of the US and China as drivers of growth. European shares slid in early trading, while benchmarks finished higher in Japan, China and Australia. Shares fell in South Korea. France's CAC 40 fell 0.3% to 6,570.14 in early trading, while Germany's DAX slipped 0.7% to 13,812.17. Britain's FTSE 100 shed 0.3% to 7,513.18. US shares were set to drift lower with Dow futures down 0.4% at 33,995.0. S&P 500 futures fell 0.6% to 4,284.25. Analysts warned major risks remain, such as surging COVID-19 cases in some countries in Asia, along with worries about global inflation and China's policies to curb infections. Expectations of economic growth in China and the US will likely remain key to gauging recession fears. China's zero-COVID' policy is still an important headwind for global growth, said Anderson Alves at ActivTrades. Japan's benchmark Nikkei 225 added 1.2% to finish at 29,222.77. Australia's S&P/ASX ..