China Gdp Growth

China's ruling Communist Party meets to map out plans for next 5 years

One of China's most important meetings begins Monday, as leader Xi Jinping and other ruling Communist Party elites gather in Beijing to map out the goals for the next five years. The closed-door gathering known as the fourth plenum is expected to last four days and will discuss and put the final touches on China's next five-year plan, a blueprint for 2026-2030. The leaders are meeting at a time of heightened trade tensions between Washington and Beijing and just ahead of a possible meeting between Xi and US President Donald Trump during a regional summit later this month. Here is what to know about the meeting: What the fourth plenum is and why it matters ---------------------------------------------------- The fourth plenum refers to the fourth plenary session, out of typically a total of seven sessions during the five-year term of the Chinese Communist Party's central committee. Xi and about 370 members of the central committee are expected to attend. The gathering also may

Chinese export boom can't stop economy's slowdown in worst quarter of 2025

As trade tensions escalate with the US, weakness in investment, industrial output and retail sales is undermining momentum from record sales abroad

China vulnerable as Xi targets overcapacity, holds back fresh stimulus

While Beijing's recent push to curb overcapacity is helping rein in the glut in steel and solar sectors, the "anti-involution" campaign is missing a stimulus spark

Crude oil price can drop to $55-60 a barrel by December 2025: Premasish Das

Crude oil markets are pricing in a fair amount of uncertainty at the current levels, Das said. That's why oil had dropped below $60 for a time-before the West Asia tensions pushed it back up

Goldman Sachs cuts China GDP growth forecasts citing tariff impact

However, the report added that "even these significant easing measures are unlikely to fully offset the negative effects of the tariffs

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 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

China's services activity expansion eases in November, shows PMI data

The Caixin/S&P Global services purchasing managers' index (PMI), released on Wednesday, fell to 51.5 from 52.0 in October

PBOC injects $111 billion in liquidity as local bond supply surges

The injection expands an effort to ease the funding pressure that had been building in the market after China kicked off a $1.4 trillion program to help local governments cope with their off-balance

Chinese GDP gets little cheer, while dollar rises for straight third week

China's economy expanded 4.6 per cent in the third quarter from a year earlier

China's CPI in July rises faster than expected, producer deflation persists

The data comes in the wake of shrinking manufacturing activity and raised concerns about the outlook for exports

China's services activity expands further, external demand slows: PMI data

The world's second-biggest economy grew much more slowly than expected in the second quarter

China needs more than 'incremental' consumer measures for long-term growth

Trade tensions and local government debt risks leave Beijing few alternatives to revving up consumer stimulus

China's factory activity shrinks in July, service sector grow more slowly

The official purchasing managers' index (PMI) fell to 49.4 in July from 49.5 in June

Why is China turning its back to gold jewellery? Chris Wood explains

In dollar terms, gold prices hit $2,331/oz at the end of H1-CY24, according to WGC data, rising 12.1 per cent during this period

As Volkswagen struggles in China. Can EVs help it grow in US market?

By 2030, Volkswagen plans more than 30 new electric or hybrid models in China and hopes to boost sales to about 4 million, from about 3 million today, lifting its market share to 15 per cent

China conducts surprise rate cuts in efforts to support weak economy

The cuts come after China last week reported weaker-than-expected second-quarter economic data and its top leaders met for a plenum that occurs roughly every five years

'Luxury shame' hits China's luxury market as elites dial down on austerity

The elite in the Land of the Dragon are refraining from ostentatious purchases, putting the nation's luxury market under strain

China's Communist Party's 3rd Plenum begins key meet stem economic slowdown

China's ruling Communist Party is starting a four-day meeting Monday that is expected to lay out a strategy for self-sufficient economic growth in an era of heightened national security concerns and restrictions on access to American technology. While the meeting typically focuses on such long-term issues, business owners and investors will also be watching to see if the party announces any immediate measures to try to counter a prolonged real estate downturn and persistent malaise that has suppressed China's post-COVID-19 recovery. There's a lot of unclarity of policy direction in China, which is weighing on consumer and investor confidence, said Bert Hofman, the former World Bank country director for China and a professor at the National University of Singapore. This is a point in time where China needs to show its cards. Economic growth slowed to 4.7% on an annual basis in the April to June quarter, the government reported Monday. The outcome of the meeting will send a message t

What is China's 'third plenum'? Everything you need to know about it

The first, second and seventh plenums typically focus on the power transition between Central Committees