Page 9 - China Economy

British firms downbeat about China business despite stimulus: Survey

Doing business in China had become tougher for five consecutive years and only 41 per cent of its members were expecting to have a better time next year, the survey said

China's central bank vows supportive monetary policy as US trade war looms

Monetary policy support will be critical to China's economy next year as the US president-elect has vowed to impose steep tariffs on Chinese goods

Big Pharma's bet on China biotech a rare trade bright spot amid tensions

Chinese biomedical research is on the cusp of a breakthrough just as the industry starts to face serious headwinds

Nepal rules out loans for BRI projects; emphasises grants, consensus

Nepal on Saturday said it is not in a position to take loans for projects under China's Belt and Road Initiative and will instead primarily rely on grants, moving forward based on mutual consensus among all stakeholders. Speaking to reporters at Tribhuvan International Airport upon returning from a three-day visit to China, Foreign Minister Arzu Rana Deuba clarified Nepal's position on the implementation of BRI projects. Her visit was aimed at preparing for Prime Minister K P Sharma Oli's upcoming official trip to China starting December 2. "Nepal signed the BRI framework agreement in 2017, but discussions regarding its implementation modality are still ongoing. The projects under BRI will only move forward based on agreements and mutual understanding between Nepal, China, and all stakeholders within Nepal," Deuba said. In response to a question, the foreign minister said that Nepal is currently not in a position to take loans under the multi-billion dollar infrastructure ...

China's Nov factory activity expands for second month as Trump threats loom

Earlier this month, China unveiled a 10 trillion yuan ($1.38 trillion) debt package to ease municipal financing strains

China's aging population fuels 'silver economy' boom; profits, elusive

Every Wednesday, retiree Zhang Zhili travels an hour by bus to an education center, drawn by the pulsing rhythms of the African drum she plays there in a classroom filled with fellow retirees whose hands move in unison, every beat lifting her spirits. Zhang, 71, has found joy and new friends at the elderly university in Beijing. Besides African drums, the former primary school teacher joins social dance classes, paying about 2,000 yuan (USD 280) for two courses this semester. Seeing herself standing tall in dance class boosts her confidence. After class, she hangs out with her friends. When we get old, what do we need?" she said. To love ourselves. Many older Chinese are looking beyond traditional nursing homes, afraid of abandonment by their families and quality issues. That's driving a boom in universities, home care services, and communities catering to older adults. Though some providers struggle to turn a profit, they persist because they see promise in the growing market. Chi

China expanding visa-free entry to more countries in bid to boost economy

Starting Nov 30, travellers from Bulgaria, Romania, Malta, Croatia, Montenegro, North Macedonia, Estonia, Latvia and Japan will be able to enter China for up to 30 days without a visa

Oil prices steady as US storm threat abates, China stimulus disappoints

Brent crude futures fell 9 cents, or 0.1 per cent to $73.78 a barrel by 0916 GMT while US West Texas Intermediate crude futures were at $70.23 a barrel

Market Today: TaMo, Asian Paints Q2; China stimulus; Niva Bupa IPO Day 3

At 6:35 AM, GIFT Nifty Futures were down 82 points at 24,136, signalling a potential negative start

China likely to unveil much-anticipated economic stimulus package

China is expected to announce much-anticipated steps to boost its flagging economy Friday at the end of this week's meeting of its legislature. Analysts say bold, multi-trillion yuan measures are needed to reinvigorate the world's second largest economy, which has yet to bounce back fully from the COVID-19 pandemic. The central bank loosened restrictions on borrowing in late September, sparking a stock market rally, but economists say the government needs to do more to ignite a sustained recovery. Government officials have indicated that could come at this week's meeting of the Standing Committee of the National People's Congress, which must give official approval to any new spending. The economy has shown signs of life in the last two months. Purchase subsidies offered to people who trade in old cars or appliances for new ones helped auto sales rebound in September. A survey of manufacturers turned positive in October after five straight months of decline, and exports surged 12.7%

No winners in trade, industrial wars, says China's ambassador to US

Trump's return could revive issues from his first presidency, when he initiated a bruising trade war with the world's second-largest economy in 2018

Education: The secret sauce that helped China in beating India at growth

Thanks to a 50-year head-start in exposure to Western learning, India had a student population that was eight times bigger than China's at the turn of the 20th century

Qualcomm advances on smartphone market revival, Chinese handset launches

Demand has been especially positive in major market China, from which Qualcomm gets nearly half its revenue, thanks to new smartphone launches by brands such as Xiaomi, Oppo and Vivo

China must open up further to tackle rising unilateralism, says premier

China's imports have slowed sharply this year as the world's second-largest economy faces strong deflationary pressures due to weak domestic demand and a long-standing property market crisis

Apple CEO Cook says company to increase investment in China: State media

Apple chief Tim Cook met with Chinese Minister Jin Zhuang Long on Wednesday during his second visit to China this year, amid rising competition for Apple in the Chinese market

IMF upgrades US economic outlook, lowers expectations from Europe, China

The International Monetary Fund on Tuesday upgraded its economic outlook for the United States this year, while lowering its expectations for growth in Europe and China. It left its forecast for global growth unchanged at a relatively lackluster 3.2% for 2024. The IMF expects the US economy the world's largest to expand 2.8% this year, down slightly from 2.9% in 2023 but an improvement on the 2.6% it had forecast for 2024 back in July. Growth in the United States has been led by strong consumer spending, fuelled by healthy gains in inflation-adjusted wages. Next year, though, the IMF expects the US economy to decelerate to 2.2% growth. With a new presidential administration and Congress in place, the IMF envisions the nation's job market losing some momentum in 2025 as the government begins seeking to curb huge budget deficits by slowing spending, raising taxes or some combination of both. The IMF, a 190-nation lending organisation, works to promote economic growth and financial .

China's Q3 economic losses from natural calamities surge to $32.3 billion

In September, the financial hub of Shanghai was brought to a standstill by Typhoon Bebinca, the most powerful tropical cyclone to directly hit the city in 70 years. Earlier that month, Super Typhoon

China cuts benchmark lending rates in bid to boost economic recovery

The one-year loan prime rate (LPR) was lowered by 25 basis points to 3.10 per cent from 3.35 per cent,

China's Q3 GDP shows weakest pace since 2023, backs calls for more stimulus

China's export growth slowed sharply in September while imports also decelerated, undershooting forecasts by big margins and suggesting manufacturers are slashing prices

China's new home prices fall at fastest pace in Sept since May 2015

China is expected to raise 6 trillion yuan through special treasury bonds over the next three years to reinvigorate its struggling economy