Page 36 - China Economy
China's appetite for commodities is wavering after years of growth
Energy imports in particular plunged in June, capping a weak first half that may foreshadow a rare annual decline in purchases across many commodities
 "China's appetite for commodities is wavering after years of growth")
China's economy strengthens in July despite housing crisis, covid woes
The center of China's covid outbreak has shifted over the last month, with cases low in Shanghai and surrounding provinces but rising elsewhere, with some new lockdowns and restrictions being imposed
 "China's economy strengthens in July despite housing crisis, covid woes")
Chinese Gen Z are underemployed and lowering their ambitions: Report
A perfect storm of factors has propelled unemployment among 16- to 24-year-old urbanites to a record 19.3%, more than twice the comparable rate in the US
 "Chinese Gen Z are underemployed and lowering their ambitions: Report")
China's dwindling population to see negative growth before 2025: Report
The growth rate of China's total population has slowed significantly and is expected to enter a negative growth during the current 14th Five-Year Plan period (2021-25)
 "China's dwindling population to see negative growth before 2025: Report")
China seals off iPhone maker, CNOOC in Shenzhen to battle Covid-19
The lockdown comes as China narrowly escaped an economic contraction in the June quarter, when a series of rolling lockdowns shut businesses nationwide, eroded employment and hurt consumer spending
 "China seals off iPhone maker, CNOOC in Shenzhen to battle Covid-19")
It's not just China homebuyers; suppliers too now boycotting loans
Hundreds of contractors to the property industry complained that they can no longer afford to pay their own bills because developers including China Evergrande Group still owe them money
China's yield curve is steepest in two years as liquidity swells
Longer yields are being kept from falling due to expectations for economic recovery and the prospect of additional debt issuance
 "China's yield curve is steepest in two years as liquidity swells")
Stocks stumble, dollar steadfast as weak China hardens growth worries
China's economy contracted sharply in the second quarter data released on Friday showed, while annual growth also slowed significantly
 "Stocks stumble, dollar steadfast as weak China hardens growth worries")
China's economy shrinks during Coronavirus shutdown in last three months
The economy shrank by 2.6 per cent, compared with the January-March period's already weak quarter-on-quarter rate of 1.4 per cent, official data showed Friday
 "China's economy shrinks during Coronavirus shutdown in last three months")
China's budget deficit widens 600% as Covid-19 pandemic cuts revenue
The deficit in the budgets for all levels of government was 5.1 trillion yuan ($758 billion), according to Bloomberg calculations based on data from the Ministry of Finance released Thursday
As construction gets delayed, Chinese homebuyers refuse to pay mortgages
The payment refusals underscore how the storm engulfing China's property sector is now affecting the country's middle class, posing a threat to social stability
 "As construction gets delayed, Chinese homebuyers refuse to pay mortgages")
India to overtake China as world's most populated country in 2023: UN
Economic impact: People's productivity will have to increase to support larger numbers, say experts
 "India to overtake China as world's most populated country in 2023: UN")
China auto sales rebound; up 3.4% to 10.4 mn units between Jan-June
June sales jumped 41.2% over a year earlier to 2.2 million after controls that shut down Shanghai and other industrial centres were eased
 "China auto sales rebound; up 3.4% to 10.4 mn units between Jan-June")
China stimulus unlikely to reverse rout in the global metals market
While Chinese stimulus played a role in rescuing industrial commodities from slumps in global demand, after the 2008 financial crisis, in late 2015, and in 2020, there's much more caution this time
 "China stimulus unlikely to reverse rout in the global metals market")
China considers $220 billion stimulus with unprecedented bond sales
The bond sales would be brought forward from next year's quota
Indian influence in South Asia declines as China expands foothold
China's exports to the region grew over five times between 2005 and 2020
 "Indian influence in South Asia declines as China expands foothold")
Farmers in China pay for homes with watermelons, peaches: Report
Accepting crops at inflated prices have allowed developers to offer steeper discounts on homes
Even without a lockdown, Beijing's economic activity declined in May
Industrial output in the capital city dropped nearly 40% in May, worse than Shanghai's almost 28% drop
 "Even without a lockdown, Beijing's economic activity declined in May")
As China deals with Covid, nearly 1 in 4 European firms consider moving out
Of the firms considering a shift in investment, 16% said they were looking at relocating to Southeast Asia, while 18% said they were looking elsewhere in the Asia-Pacific region
China plans support for industrial firms hit by high raw materials cost
China's Ministry of Industry and Information Technology is studying measures to enhance the structure of supply-side policies, boost consumer demand and incentivise investments in technology
 "China plans support for industrial firms hit by high raw materials cost")