Page 8 - China Economy

China sentences man to death for driving car into crowd, killing 35 people

China has been witnessing a rise in incidents of violence targeting random members of the public - including children - in recent months as economic growth stutters

Exporters ask for Rs 750 cr to target US market amid China's tariff woes

The demand has come at a time when there is an expected policy shift in the US by President-elect Donald Trump, who wants to impose higher tariffs on Chinese goods

China revises up 2023 GDP by 2.7%, sees little impact on 2024 growth

In previous five-yearly economic censuses, China revised up the size of the economy for 2018 by 2.1 per cent and for 2013 by 3.4 per cent

China's first batch of 2025 fuel export quota flat compared to a year ago

State-owned oil firms Sinopec and CNPC, the key receivers of these quotas, were given combined allowances of 13.34 million tonnes, or 70 per cent of the 19 million tonnes

China revises its value-added tax, a big relief for small-scale taxpayers

The draft law exempts tax on specific agricultural products, imported equipment for scientific research and teaching, certain goods for people with disability, and services by welfare institutions

China plans record $411 billion special treasury bond issuance next year

The proceeds will be targeted at boosting consumption via subsidy programmes, equipment upgrades by businesses and funding investments in innovation-driven advanced sectors

Markets Today: US GDP; China LPR; FIIs; Senores & Carraro IPOs; IGI listing

Early indicators pointed to a subdued start, with GIFT Nifty Futures trading 84 points lower at 23,934 at 6:55 AM

How is China achieving record harvests despite reducing fertiliser use?

China has reduced fertiliser use for eight consecutive years since 2015 and yet the country's agricultural output has steadily increased with 2024 grain production hitting a historic high

China to boost household income with direct support, social security steps

Policymakers are weighing inclusion of more products in high demand and with potential for replacement in the scheme, as this programme had a "very good" effect this year, it added, without stating

China's industrial output rises, weak consumption pressures economy

China's industrial output grew 5.4 per cent in November year-on-year, up from the 5.3 per cent pace seen in October

China's yuan eases after remarks at key economic meeting fail to inspire

China's 10-year and 30-year sovereign bond yields fell over 4 basis points each to record lows of 1.7650 per cent and 1.9950 per cent, respectively

Oil prices rise as China's policy easing stirs demand optimism

Bloomberg News reported on Tuesday that the U.S. government was weighing harsher sanctions against Russia's lucrative oil trade, seeking to tighten the squeeze on the Kremlin's war machine just weeks

Chinese authorities may consider a weaker yuan as Trump trade risks loom

Letting the yuan depreciate could make Chinese exports cheaper, thus blunting the impact of tariffs, and creating looser monetary settings in mainland China

Markets Today: Vishal Mega, MobiKwik IPOs; US inflation data; Gold rates

In the previous session, the Sensex settled at 81,510.05, up marginally by 1.59 points. In contrast, Nifty settled at 24,610.05, down 8.95 points, or 0.05 per cent

China to adopt proactive fiscal policy to spur economic growth in 2025

President Xi Jinping, at a symposium on Dec. 6, urged full preparation to achieve 2025 economic targets, and said the country's current development faces many challenges

Oil prices rise on China's policy shift, Assad's fall fuels uncertainty

Syrian rebels announced on state television on Sunday they had ousted Assad, ending a 50-year family dynasty in a lightning offensive that raised fears of a new wave of instability in a region already

China's consumer inflation hits five-month low in Nov as new risks arise

World's second-largest economy is bracing for likely fresh tariffs from a second Donald Trump White House and still dealing with other headwinds, suggesting more policy stimulus will be needed

Number of billionaires in China falls to 427 following economic slowdown

The number of billionaires in China fell to 427 in 2024 from last year's 520 following the slowdown in the economy, Switzerland-based multi-investment bank UBS said on Thursday. The total wealth of these billionaires decreased by 20 per cent to about USD 1.4 trillion highlighting the impact of economic slowdown on the world's second largest economy on the once flourishing private sector. Plagued by the crisis in the property sector and turmoil in financial markets, the list of China's rich with assets of USD one billion shrank by 132 while 42 new billionaires were minted and three moved away, the UBS report said. Many of the billionaires we have in China are relatively new in the context of total wealth, said Benjamin Cavalli, head of strategic clients at UBS Global Wealth Management. Compared to other markets, such as the US or Europe, where the total wealth is on an average higher per billionaire, those in China are often hovering near USD one billion, Cavalli said. So, whenever

India's success in capturing 'China-Plus-One strategy' limited: NITI report

India has seen limited success so far in capturing the 'China Plus One strategy', while Vietnam, Thailand, Cambodia, and Malaysia have become bigger beneficiaries, according to a report of government think tank Niti Aayog. It said that factors such as cheaper labour, simplified tax laws, lower tariffs and pro-activeness in signing Free Trade Agreements (FTAs) have played a critical role in helping these countries expand their export shares. The US has implemented stricter export controls and higher tariffs on Chinese goods to limit China's growth and expenditure towards technological progress. This has led to a fragmentation of global supply chains, prompting multinational corporations to seek alternatives to Chinese manufacturing. It said that India is seen as an attractive destination for companies looking to shift their manufacturing bases out of China and this shift offers the country a chance to enhance its domestic manufacturing capabilities, particularly in high-tech ...

China's industries warn US chips no longer safe amid rising trade tensions

China and the US have targeted each other's economies in the last few days, escalating tensions even before U.S. President-elect Donald Trump returns to the White House in January