Page 4 - China Economy

China keeps lending rates unchanged as Q2 data shows economic resilience

Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages

China defends growth model, eyes consumption as key economic driver

China's latest GDP data shows exports boosted Q2 growth, with a $586 billion trade surplus in H1, partly driven by exporters rushing shipments over tariff concerns

Low value, high stakes: Why nations are racing to mine rare earth minerals

While rare earth mineral trading generates modest revenue, their strategic value far outweighs market price as governments move to mitigate geopolitical risk and secure defence-relevant supply

Why is China losing its shipbuilding dominance: Trump or global slowdown?

New ship orders for Chinese shipyards plunged 68 per cent year-on-year to 26.3 million deadweight tonnes (dwt) in the first six months of 2025, marking one of the steepest declines in recent years

China's economy grows 5.2% as strong exports mask weak consumer demand

Industrial output rose 6.8 per cent in June from a year earlier, faster than the 5.6 per cent expansion forecast by economists

China's exports up 5.8% in June as tariffs reprieve prompts rush of orders

China's exports accelerated in June as a reprieve on US tariffs prompted a rush of orders by companies and consumers. Exports climbed 5.8% from a year earlier, up from a 4.8% rise in May. Imports also recovered, growing 1.1% in the first increase so far this year, according to customs data released Monday. Exports to the United States fell 16% but that was less than half the 34.5% drop seen in May. After US President Donald Trump imposed tariffs of up to 245% on imports from China and Beijing responded with its own steep import duties, the two sides agreed to hold back to allow time for talks. But preliminary discussions between the two sides have yet to produce significant progress. In the meantime, the Trump administration has hiked tariffs on imports from China by 35%, pending an Aug 12 deadline for reverting to the higher tariffs Washington and Beijing have delayed for now. The recovery in trade is expected to help boost economic growth in the April to June quarter. The Chines

China's factory-gate deflation hits 2-year low amid global trade war

The producer price index fell 3.6 per cent in June from a year earlier, worse than a 3.3 per cent decline in May and the largest drop since July 2023

China's blistering heat leaves workers exposed as gig economy booms

According to The Lancet, yearly heat wave-related deaths in China have now nearly doubled compared with 1986 to 2005, with more than 37,000 deaths in 2023 alone

China plans cash subsidies for families to boost birthrate, growth

The government is set to provide 3,600 yuan ($503) a year for each child, born on or after Jan. 1 this year, until they turn three under a nationwide initiative

China ready to discuss trade tariffs and subsidies with US at WTO

Following positive trade talks in Geneva and London, China indicated openness towards discussing tariffs within the WTO

China's manufacturing activity returns to growth in June, Caixin PMI shows

Caixin/S&P Global manufacturing PMI rose to 50.4 in June from 48.3 in May, surpassing analysts' expectations

China issues new financial guidelines to spur consumption, boost income

The guidelines, drafted jointly by six government departments and released by the central bank, said China would support eligible companies across the consumer industry chain

China's home prices dip in May, extending two-year slump despite support

New home prices fell 0.2 per cent month-on-month in May after showing no growth the previous month

China's factory growth slows to 6-month low, retail sales give brief relief

Beijing last month rolled out a package of stimulus measures, including interest rate cuts and a major liquidity injection, aimed at shielding the economy from the hit from US tariffs

China May services activity grows despite US tariff concerns, PMI at 51.1

The Caixin/S&P Global services purchasing managers' index (PMI), rose to 51.1 in May from 50.7, remaining above the 50-mark that separates expansion from contraction

As incomes shrink, Beijing's nightlife shifts behind closed doors

China's economic slowdown is reshaping its nightlife, as middle-class professionals abandon upscale bars for low-cost, unlicensed home speakeasies hidden inside city apartments

China's factory activity contracts in May as US tariffs take a toll

Two weeks after a breakthrough trade truce, US Treasury Secretary Scott Bessent said Thursday that negotiations with China are "a bit stalled," signalling fresh uncertainty in the talks

China to collect record $22 billion in BRI loan repayments in 2025

China will turn from a capital provider to a debt collector of 75 developing countries, including the world's poorest and most vulnerable, this year as they are due to pay back a record USD 22 billion loans owed to Beijing, according to data released by an Australian think tank. China has become the leading debt collector of developing countries, shifting from a net capital provider, "as bills coming due from its Belt and Road lending surge in the 2010s now far outstrip new loan disbursements", the latest research report of the Australian think tank, the Lowy Institute, said. In 2025, about 75 of the world's poorest and most vulnerable countries will make record high debt repayments totalling USD 22 billion to China as a result of peaks in new loan commitments made from 2012 to 2018, the report said. China faces a dilemma and growing diplomatic pressure to restructure unsustainable debt besides mounting domestic pressure, particularly from its quasi-commercial institutions, to recov

Stock market close highlights: Sensex tanks 872 points, Nifty at 24,683; all sectors end in red

Sensex Today | Stock Market Highlights on Tuesday, May 20, 2025: Among the broader basket, the Nifty Midcap100 and Smallcap100 indices ended down by 1.62 per cent and 0.94 per cent, respectively

Hidden communication devices found in Chinese power inverters in US

US officials find hidden communication devices in Chinese-made power inverters and batteries, raising fears over security risks to critical energy infrastructure