Page 7 - China Gdp

China's Covid-19 outbreak has US worried about new mutations of virus

Chinese cities are witnessing a wave of Covid-19 cases, with concerns growing that the government may be hiding the true toll of the virus

India has to compete to gain from 'China Plus One' strategy: Eswar Prasad

Companies, investors around the world looking at India's policy trajectory, says the professor of trade policy at Cornell University

IMF may cut its China growth forecast as Covid curbs continue: Chief

The Washington-based crisis lender sees Chinese gross domestic product expanding 3.2% this year and 4.4% in 2023

Covid-19 China: Consumer revenue will fall this quarter, warns iPhone maker

The company, known also as Foxconn, reported earnings that missed estimates for the third quarter and said revenue growth will be flat for the current three-month period

China's daily Covid cases jump to six-month high as outbreaks flare

The country reported 5,436 cases for Sunday, up 27% from the day before to the most since May 2, when Shanghai was in the midst of its months-long lockdown.

Workers leave biggest iPhone plant in China to escape Covid curbs

At least six counties and cities in Henan asked residents who just left Foxconn to contact local authorities before going home. Workers will be sent to several days of mandatory isolation: Officials

China's economic data shows mixed recovery as unemployment ticks up

Gross domestic product grew 3.9% in the July-to-September period from a year ago, rebounding from almost stagnant growth in the second quarter when Shanghai was still in lockdown

Chinese govt delays GDP data release due Tuesday, no reason given

The National Bureau of Statistics updated its release schedule on Monday, with the dates for major economic indicators due this week marked as delayed

China's services activity drops as Covid-19 lockdowns curb spending

The data is further evidence of the toll China's Covid Zero strategy is taking on consumer spending and the economy.

China's real estate crisis: CCB to set up $4.2 bn fund to buy properties

The fund will "invest in existing assets" of real estate companies and renovate the properties into rental housing, the lender said in a statement to the Shanghai stock exchange Friday.

China braces for a slowdown even worse than 2020 as growth declines sharply

The consensus in a Bloomberg survey is for the economy to expand 3.5% this year, which would be the second-weakest annual reading in more than four decades

China's recovery wobbles as drought, global slowdown add to risks

China's economy continued to recover in August but warning signs are flashing across a number of fronts as drought and weaker global demand add new risks to growth prospects

China plans more fiscal stimulus as outlook darkens with rising Covid cases

China's local governments could sell more than $229 billion of bonds to fund infrastructure investment and plug budget gaps

Goldman Sachs, Nomura downgrade China GDP forecasts as outlook darkens

Goldman Sachs lowered its projection for China's gross domestic product growth to 3% from 3.3%, citing weaker-than-expected July economic data as well as near-term energy constraints

Shaky scaffolding: Why is China's real estate sector facing a crisis?

Big property developers in China, like Evergrande, are facing a massive shortfall of money, dragging down the sector along with the home demand and prices

China resorts to interest rate cuts as data shows 'alarming' slowdown

Bond yields slumped after the People's Bank of China lowered the rate on its one-year policy loans by 10 basis points to 2.75% and the seven-day reverse repo rate to 2% from 2.1%

Oil prices bounces higher as China, US data ease recession concerns

Brent crude futures had risen 81 cents, or 0.9%, to $95.73 a barrel by 0638 GMT. U.S. West Texas Intermediate crude was at $89.76 a barrel, up 75 cents, or 0.8%

China simulating attack on main island in drills over Pelosi trip: Taiwan

China is carrying out its most provocative military drills in decades in the wake of House Speaker Nancy Pelosi's trip to Taiwan this week

China: July services activity expands at quickest pace in 15 months

China's services activity grew at the fastest rate in 15 months in July as easing COVID curbs boosted consumer confidence, but foreign demand fell and companies cut staff for the seventh month

China banks rush to raise debt as slowdown hikes potential bad loans

A record amount of fresh money has come from financial markets in China, with banks selling 29% more bonds in the first half of the year compared to last year