Page 15 - Chinese Economy

China plans support for industrial firms hit by high raw materials cost

China's Ministry of Industry and Information Technology is studying measures to enhance the structure of supply-side policies, boost consumer demand and incentivise investments in technology

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's economy shows mixed recovery in May with consumers under strain

The recovery of China's industrial output was helped by a rebound in the car sector as auto production centers like Jilin and Shanghai reopened

China's factories perk up, but weak consumption show slow economic recovery

China's economy showed signs of recovery in May after slumping in the prior month as industrial production rose unexpectedly, but consumption was still weak

As FDI gets pricey, China rushes to calm frustrated foreign investors

In recent weeks, Chinese leaders, while denying that there is an exodus of foreign firms, are putting more emphasis on the concerns of foreign investors and have pledged to support them

China issues 4.5 MT of quotas for fuel exports to ease demand: Report

The new issue will bring the total of refined fuel export quotas this year to 17.5 million tonnes, still significantly lower than the 29.5 million tonnes allotted under the first issue of 2021

Chinese banks overflow with cash that nobody wants to borrow amid lockdowns

Struggling to find enough clients, banks have been swapping bills with each other just so they can meet regulatory requirements for corporate lending

China's Covid outbreak wanes as curbs eased to boost faltering economy

China reported the fewest new Covid-19 cases in almost three months, with the easing of outbreaks in Beijing and Shanghai emboldening authorities to relax some of the strictest virus controls

Shanghai to cancel several restrictions on companies to aid economy

Businesses will also from June 1 no longer need to apply to resume work, he said, without detailing what other restrictions were being removed

'Tomorrow will be better': Shanghai inches towards Covid reopening

Shanghai officials urged continued vigilance on Saturday, even though the vast majority of its 25 million residents live in areas that are in the lowest-risk "prevention" category

China's industrial profits slump in April as Covid curbs squeeze firms

Industrial output from the commercial hub of Shanghai, located at the heart of manufacturing in the Yangtze River Delta, nosedived 61.5% in April

China's stimulus tops $5 trillion as Covid zero policy batters economy

"The mainstay of policy this year is fiscal spending and government investment, while the central bank is only playing a supportive role so far," said David Qu, China economist

China's economic activity in April collapses under Covid Zero policy

Industrial output unexpectedly fell 2.9 per cent in April from a year ago, while retail sales contracted 11.1 per cent in the period, weaker than a projected 6.6 per cent drop

China's zero-Covid rules to impact freight costs, global inflation

China's 'witless' rules have left hundreds of cargo ships stranded on the ports which will impact freight costs and global inflation.

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

Chinese trade with Russia feels the sting of Ukraine war

Last year, about 30% of her 40 million yuan ($6.29 million) revenue came from Russia

China's March factory activity contracts at sharpest rate in 2 yrs: Survey

The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) fell to 48.1 in March, indicating the steepest rate of contraction since February 2020, from 50.4 in the previous month.

China seeks bumper wheat harvest amid fears of global food crisis

The notice comes as Chinese authorities spare no effort to raise domestic production in spring ploughing season, which started from early April

Industrial metals slip on China Covid surge; aluminium prices shed 2.1%

Benchmark prices for aluminium shed 2.1 per cent to $3,252 per tonne in official trading activity, after sinking 4.7 per cent in the previous session

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