Page 12 - Chinese Economy

China's industrial profits continue to decline amid tightening Covid curbs

Industrial profits in the January-to-October period fell 3.0% from a year earlier, data from the National Bureau of Statistics showed Sunday

Fear of quarantine camps, not Covid-19 pandemic, is shutting Beijing down

Going out in the capital of Beijing means having to scan a QR code to enter venues like shops and restaurants, or to even take public transportation

As China intensifies Covid-19 lockdowns, India gradually opens up

Data shows that spike in one country has not coincided with a rise the other

China's Covid policy will hinder property recovery: Goldman Sachs

On the Covid policy, Goldman expects China to reopen the country -- which it defines as a period when authorities no longer lock down cities when cases surge -- in the first half of 2023

Asia share markets gain despite Chinese Covid case numbers rising

Asian share markets were mostly in positive territory on Wednesday despite rising Covid cases in China

China Covid-19 cases near record high since pandemic began: Report

Over 28,000 new infections reported nationwide; Beijing shuts businesses, schools in hard-hit districts, tightens rules for entering the city

China's 'slow, painful' reopening threatens to strain economy even further

China is in for a "protracted and costly" reopening, with any release of pent-up demand likely to be lackluster as many households have already depleted their savings

India to be a semiconductor manufacturing hub: Rajeev Chandrasekhar

Chandrasekhar said India is well positioned to emerge as a major player in electronics and semiconductor products manufacturing as part of the 'China Plus One' diversification strategy

China lost $18 billion last year due to extreme weather events: UN report

Economic losses from extreme climate events have rocketed in Asia, causing a total damage of $35.6 billion and affecting nearly 50 million people, says the report

China may ease Covid Zero by 2022-end to aid economy, says Mobius

China will probably ease its disruptive Covid Zero policy by the end of this year as its economy is in trouble and the government needs money "badly," said Mark Mobius

China's budget deficit nears record $1 trillion as economy slows

Chinese authorities have struggled to make ends meet this year as massive tax rebates and the persistent housing market crisis have cut government income sharply

Oil price rises as US dollar loses steam though demand fears linger

Oil prices rose as the US dollar eased against major peers but gains were limited by worries of slowing global fuel demand growth amid bearish economic data from key oil importing economies

China's economic growth accelerates but slowest in decades amid shutdowns

China's economic growth accelerated in the latest quarter but still was among the slowest in decades as the country wrestled with repeated closures of cities to fight virus outbreaks. The world's second-largest economy grew by 3.9% over a year earlier in the three months ending in September, up from the previous quarter's 0.4%, official data showed Monday. For the first nine months of the year, growth was 3% over a year earlier. A news conference to announce the figures last week during a meeting of the ruling Communist Party was postponed without explanation. The National Statistics Bureau released the figures on its website without advance notice of the timing. No data were immediately released for growth compared with the previous quarter, the way data for other major economies are measured. The economy shrank by 2.6% in the quarter ending in June compared with the previous three-month period. The ruling party is trying to revive economic growth while enforcing its Zero COVID

Recession could last until 2024, says Musk after remark on China, Europe

Tesla CEO said he thinks a recession will last until the spring of 2024, after earlier saying "a recession of sorts" in China and Europe was weighing on demand for its electric cars

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 economic troubles may shadow boost to Xi Jinping's dominance

Latest data paint a picture of a weak economy, largely a consequence of Xi's zero-tolerance approach to combating Covid infections and a crackdown on property sector debt

$1.2-trn 'PM Gati Shakti' plan can snatch away factories from China

Under a $1.2 trillion mega project called PM Gati Shakti -- Hindi for strength of speed -- Modi's administration is creating a digital platform that combines 16 ministries

China's $5 trillion rout creates historic gap with Indian stocks

The MSCI India Index rallied almost 10% in the just-ended quarter, compared with a 23% slump for the MSCI China Index

China's economy continues to struggle on Covid curbs, property woes

China's fragile economic recovery has been challenged this year by the country's adherence to Covid Zero, a policy intended to stamp out infections that has caused intermittent turmoil to supply chain

China traders see property boost, Covid zero resolve at Party meet in Oct

With expectations low for an imminent shift away from the Covid-Zero policy, some investors are limiting their exposure to reopening shares