Page 3 - China Gdp Growth

What is China doing to support its property market? All you need to know

China had 391 million square meters (4.2 billion square feet) of completed and unsold homes at the end of April, equivalent to 6.6 Manhattans, official data show

Asia shares touch two-year top buoyed by China's property boost plans

Late last week, partly in response to some policymakers' comments, global bonds retraced a rally that had followed an encouraging fall in US CPI data

China's April industrial output rises 6.7% as manufacturing gathers pace

However, retail sales, a gauge of consumption, rose 2.3% in April, slowing from a 3.1% increase in March

China's housing market crash could hurt millions of promising careers

The value of new-home sales from the 100 biggest real estate companies was down about 45% in April from a year earlier

Defying west, President Putin scheduled to meet Xi Jinping in Beijing

Blinken said Beijing's supply of dual-use goods was 'powering Russia's brutal war of aggression against Ukraine'

Xi's visit to Hungary, Serbia brings new Chinese investment in Europe

When Chinese President Xi Jinping visited Hungary last week, he arrived to one of the few places in the European Union where his country is considered an indispensable ally rather than a rival. By the time he left on Friday, he'd secured deals that provide fertile ground for China's plans of economic expansion in Europe. After meeting with nationalist Prime Minister Viktor Orban on Thursday, the leaders addressed a small group of select media in Hungary's capital, Budapest, announcing the formation of an all-weather partnership" that would usher in a new era of economic cooperation. As most EU countries make efforts to de-risk their economies from perceived threats posed by China, Hungary has gone in the other direction, courting major Chinese investments in the belief that the world's second-largest economy is essential for Europe's future. While Xi and Orban didn't unveil concrete agreements following their meeting, Foreign Minister Peter Szijjarto later said in a video that a de

China to kick off long-awaited $138 bn stimulus bond issues this week

Market participants have been waiting for weeks for details of the issuance pipeline of these special treasury bonds

China new bank loans fall more than expected in April to 730 bn yuan

Chinese banks extended 730 billion yuan ($101 billion) in new yuan loans in April, down sharply from 3.09 trillion yuan in March and falling short of analysts' expectations, according to bank's data

China's exports and imports return to growth, signalling demand recovery

Shipments from China grew 1.5% year-on-year last month

China's services activity eases in April but still solid: Caixin PMI

Caixin/S&P Global services purchasing managers' index (PMI) eased to 52.5 from a 52.7 in March, remaining in expansionary territory for the 16th straight month

Heavy rains lead to highway collapse in South China killing 48 people

A section of a highway collapsed after heavy rains in southern China, sending cars tumbling down a slope and leaving at least 36 people dead, authorities said Thursday. The Meizhou city government said that 23 vehicles have been found in a pit after a 17.9-metre long section of the highway gave way about 2 a.m. on Wednesday. Thirty other people had injuries, none of them life-threatening, a government statement said. Parts of Guangdong province have seen record rains and flooding in the past two weeks, as well as hail. A tornado killed five people in Guangzhou, the provincial capital, last weekend. Some villages in Meizhou flooded in early April, and the city had seen heavy rain in recent days. The ground beneath the highway appeared to have caved in, along with the section of the road above it. Witnesses told local media they heard a loud noise and saw a wide hole open up behind them after driving past the section just before it collapsed. Video and photos in local media showed s

Strained Chinese cities unable to raise funds to pay home buying subsidies

The property market accounted for about a quarter of China's economic activity at its peak

Asia stocks rise, yen slips as BOJ maintains accommodative monetary policy

Nasdaq futures advanced more than 1%, while S&P 500 futures rose 0.85%

China's Q1 GDP grows faster than expected on back of policy support: Data

On a quarter-by-quarter basis, GDP grew 1.6 per cent in the first quarter, above the forecast for growth of 1.4 per cent

India's economy doing good, efforts needed to sustain it: Sanjeev Sanyal

India's economy grew by better-than-expected 8.4 per cent in the final three months of 2023 -- the fastest pace in one-and-half years

Subsidy investigations by EU trouble Chinese, European cooperation: China

The Chinese commerce official said it would be the fourth investigation initiated by the European Union in the past two months using foreign subsidies legislation against Chinese companies

During China visit, Yellen calls for level playing field for US workers

US Treasury Secretary Janet Yellen called Friday for a level playing field for American companies and workers as she began a five-day visit to China in one of the country's major industrial and export hubs. Yellen told Wang Weizhong, the governor of Guangdong province, that it's important for the U.S. and China to have open and direct communication on areas of disagreement. "This includes the issue of China's industrial overcapacity, which the United States and other countries are concerned can cause global spillovers, she said. Yellen, the first Cabinet-level official to visit China since President Joe Biden met Chinese leader Xi Jinping last November, has telegraphed that she will raise what the U.S. considers to be unfair Chinese trade practices, a concern shared by many European countries. Before talks with the governor, she met with American, European and Japanese business representatives to hear their concerns, ahead of what will likely be tough talks on trade and other issue

China too big to export its way to rapid growth, says Janet Yellen

The International Monetary Fund currently forecasts China's 2024 real GDP growth at 4.6%, falling to 4.1% in 2025

China to improve childbirth policies, support growing elderly population

China will pursue a "proactive national strategy in response to population aging," the reports said

China targets 2024 economic growth around 5%, on par with last year's rate

China's official growth target for this year is around 5 per cent, Premier Li Qiang said Tuesday in an annual report on the government's plans and performance that prioritized both security and the economy. Li also said the government would issue 1 trillion yuan (about USD 139 billion) in "ultralong special treasury bonds" in 2024 and over each of the coming several years a long hoped-for extra promise of government spending to help support flagging growth. The ruling Communist Party has been emphasizing the need to raise consumer spending to help drive the economy. But the consumer-led recovery it was counting on after anti-pandemic controls ended in late 2022 faltered midway through last year. Falling housing prices and worries over jobs left many families either reluctant or unable to spend more. Last year, the economy grew at a 5.2 per cent pace, but that was after a very slow 3 per cent annual growth rate in 2022, when the country was enduring the worst disruptions from the .