Page 37 - China Economy
Dollar jumps on safety flows after China data, yuan slips on rate cut
The U.S. dollar index against six peers rose 0.6% to 106.3, consolidating near the middle of its range this month. The euro eased 0.6% against the dollar to $1.0191, after touching a one-week low.
 "Dollar jumps on safety flows after China data, yuan slips on rate cut")
Oil drops over $3 a barrel as China data disappoints, Iran talks in focus
Brent crude futures fell $3.49, or 3.56%, to $94.66 a barrel by 0945 GMT after settling 1.5% lower on Friday.
 "Oil drops over $3 a barrel as China data disappoints, Iran talks in focus")
What is Langya virus and what are its symptoms: Here's the full detail
Langya virus has affected at least 35 people in Henan and Shandong provinces of China. What is its origin? What are its symptoms? How to protect yourself from it? Know everything in detail.
 "What is Langya virus and what are its symptoms: Here's the full detail")
China consumer inflation in July reaches 2-year high as pork costs surge
The consumer price index in China rose 2.7% last month from a year earlier as pork prices surged 20.2%
 "China consumer inflation in July reaches 2-year high as pork costs surge")
Oil prices edge up as strong economic data feeds hopes for demand
Brent crude futures were up 93 cents, or 0.9%, at $95.85 a barrel by 11:20 a.m. ET (1520 GMT). U.S. West Texas Intermediate crude was at $89.68 a barrel, up 67 cents, or 0.8%.
China IPO market trounces the world with record $58 billion boom
Initial public offerings on mainland exchanges have climbed to $57.8 billion so far in 2022, the largest ever for such a period
 "China IPO market trounces the world with record $58 billion boom")
China trade surplus sets record at $101 bn as exports beat expectations
Coming amid waning global demand, this is the highest since 1987
 "China trade surplus sets record at $101 bn as exports beat expectations")
Alibaba lays off nearly 10,000 employees to cut expenses amid poor sales
According to South China Morning Post, more than 9,241 employees left Hangzhou-based Alibaba during the June quarter, as the company trimmed its overall headcount to 245,700.
 "Alibaba lays off nearly 10,000 employees to cut expenses amid poor sales")
China simulating attack on main island in drills over Pelosi trip: Taiwan
China is carrying out its most provocative military drills in decades in the wake of House Speaker Nancy Pelosi's trip to Taiwan this week
 "China simulating attack on main island in drills over Pelosi trip: Taiwan")
Oil prices fall as China slowdown spurs concern over demand outlook
Weekend data indicated a surprise contraction in Chinese factory activity, highlighting the cost of Beijing's preference for mobility curbs to tackle Covid-19
 "Oil prices fall as China slowdown spurs concern over demand outlook")
China factory activity sees shock contraction on Covid-19 outbreaks
The official manufacturing purchasing managers index fell to 49 from 50.2 in June, the National Bureau of Statistics said Sunday
Post-pandemic surprises and where the Indian economy truly stands today
To avoid getting caught up in possible group-think, we need to question the assumptions. Remember that there have been only two five-year periods when India has recorded rapid growth, writes T N Ninan
China targets $148 bn in financing for cash-strapped developers: Report
China's property sector has been lurching from one crisis to another for the past year
China banks rush to raise debt as slowdown hikes potential bad loans
A record amount of fresh money has come from financial markets in China, with banks selling 29% more bonds in the first half of the year compared to last year
 "China banks rush to raise debt as slowdown hikes potential bad loans")
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
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