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Page 8 - China Gdp

China budget deficit hits record high amid tax rebates, Covid pain

The drop in revenue just as more spending is needed will force local authorities to either boost their already heavy debt burden or accept weaker economic growth

China budget deficit hits record high amid tax rebates, Covid pain
Updated On : 17 Jun 2022 | 10:41 AM IST

China's GDP growth tops forecasts in first quarter; analysts sceptical

The better-than-expected economic data prompted questions from analysts who pointed to inconsistencies with alternative statistics that paint a grimmer picture

China's GDP growth tops forecasts in first quarter; analysts sceptical
Updated On : 18 Apr 2022 | 11:55 PM IST

China unlikely to achieve GDP targets as Covid-19 crisis worsens

With a property market slump and regulatory crackdowns last year the policymakers set the lowest annual GDP target for China in decades for 2022, reported Dawn

China unlikely to achieve GDP targets as Covid-19 crisis worsens
Updated On : 17 Apr 2022 | 8:02 PM IST

Covid-19: China lockdowns costing $46 billion a month, say experts

A worst-case scenario would be a lockdown of all cities for one month, which would cut national GDP by 53 per cent over that period.

Covid-19: China lockdowns costing $46 billion a month, say experts
Updated On : 30 Mar 2022 | 12:24 AM IST

China's GDP may decrease if country continues to impose COVID-19 lockdown

China's GDP growth could decrease by 1-2% if Beijing, in order to fight the COVID-19 outbreak which is highest in the last two years, continues to impose lockdown in large portions of the country.

China's GDP may decrease if country continues to impose COVID-19 lockdown
Updated On : 16 Mar 2022 | 8:37 PM IST

China cuts GDP growth to 5.5% to target slower growth amid headwinds

In 2021, China's economy grew by 8.1 per cent to about USD 18 trillion- stated to be the best in a decade

China cuts GDP growth to 5.5% to target slower growth amid headwinds
Updated On : 05 Mar 2022 | 6:38 PM IST

China's GDP target of 5.5% for 2022 will be challenging to meet: Economists

The economy grew 8.1% in 2021, when the government set a conservative target of 'above 6%.'

China's GDP target of 5.5% for 2022 will be challenging to meet: Economists
Updated On : 05 Mar 2022 | 5:19 PM IST

China lowers GDP target from last year's 6.1% to 5.5% for this year

China on Saturday lowered its GDP target to 5.5 per cent for this year from last year's 6.1 per cent. The new target for the second-largest economy was announced by Premier Li Keqiang in his work report presented to the National People's Congress (NPC), the country's parliament which opened its annual session here on Saturday. China's economy grew by 8.1 per cent in 2021 to about USD 18 trillion a performance that was stated to be the best in a decade. The pace of the growth was well above the government target of above six per cent in 2021. In his work report presented to the NPC, Li said China plans to create more than 11 million new jobs in 2022. He said China plans to cut the ratio of its deficit to GDP to around 2.8 per cent for the year of 2022. The fundamentals of China's economy remain unchanged, and the nation will maintain long-term growth, he said. Over 2,800 members attended the NPC which will meet here for over a week to transact the annual legislative work.

China lowers GDP target from last year's 6.1% to 5.5% for this year
Updated On : 05 Mar 2022 | 7:51 AM IST

After record year of fundraising, Asia IPOs set to face headwinds in 2022

Thanks to a blistering first half amid a global boom, initial public offerings in the region have reached $190 billion so far this year.

After record year of fundraising, Asia IPOs set to face headwinds in 2022
Updated On : 19 Dec 2021 | 8:12 AM IST

China's sky-high factory inflation slows amid price crackdown by govt

China's economy, which staged an impressive rebound from last year's pandemic slump, has lost momentum in recent months as it grapples with surging prices

China's sky-high factory inflation slows amid price crackdown by govt
Updated On : 09 Dec 2021 | 10:22 AM IST

China Oct exports beat forecasts, offer buffer to slowing domestic economy

Imports, however, missed analysts' expectations, likely pointing to the overall weakness in domestic demand.

China Oct exports beat forecasts, offer buffer to slowing domestic economy
Updated On : 07 Nov 2021 | 10:32 AM IST

China's Oct factory activity expands more quickly, but output weighs: PMI

A sub-index for output showed production shrank for the third consecutive month and at a faster rate than in September.

China's Oct factory activity expands more quickly, but output weighs: PMI
Updated On : 01 Nov 2021 | 9:08 AM IST

China's Oct factory activity expands more quickly, but output weighs: PMI

Growth in new orders cooled in October, as the index retreated to 51.6 from 52.2. New export orders were 49.9 in October, pointing to a contraction, from 50.2 in September.

China's Oct factory activity expands more quickly, but output weighs: PMI
Updated On : 01 Nov 2021 | 8:17 AM IST

China's industrial profits rise 16.3% in Sept to 738.74 bn yuan

Liabilities at industrial firms rose 8.2% from a year earlier at end-September, down from 8.4% growth as of end-August.

China's industrial profits  rise 16.3%  in Sept to 738.74 bn yuan
Updated On : 27 Oct 2021 | 8:21 AM IST

China Q3 GDP growth hits 1-year low, raising heat on policymakers

China's economy grew at the slowest pace in a year in the third quarter

China Q3 GDP growth hits 1-year low, raising heat on policymakers
Updated On : 18 Oct 2021 | 10:50 AM IST

Markets will remain choppy till 2021-end: Anil Sarin, CIO, Centrum PMS

Rising commodity prices, he believes, cannot sustainably derail the bullish market momentum

Markets will remain choppy till 2021-end: Anil Sarin, CIO, Centrum PMS
Updated On : 25 Aug 2021 | 2:31 AM IST

With China's increasing aging population, elder care costs loom large

In about 25 years, one-third of China's population will be retirees, and their living and health care expenses will take up one-fourth of the country's Gross domestic product (GDP)

With China's increasing aging population, elder care costs loom large
Updated On : 24 May 2021 | 6:25 AM IST

China's population grows at slowest pace to 1.41 billion, shows data

Number of births fell to 12 mn in 2020: Census

China's population grows at slowest pace to 1.41 billion, shows data
Updated On : 11 May 2021 | 10:05 PM IST

Q1 GDP numbers: China's economy grows record 18.3% in post-Covid comeback

Retail sales beat expectations while industrial output growth moderated

Q1 GDP numbers: China's economy grows record 18.3% in post-Covid comeback
Updated On : 17 Apr 2021 | 12:59 AM IST

China's Q1 GDP grows at record pace as recovery speeds up after pandemic

Economy has recovered steadily from a steep 6.8% slump in the first three months of 2020

China's Q1 GDP grows at record pace as recovery speeds up after pandemic
Updated On : 16 Apr 2021 | 8:15 AM IST