Page 2 - Chinese Economy

China keeps lending rates unchanged as Q2 data shows economic resilience

Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages

China's economy grows 5.2% as strong exports mask weak consumer demand

Industrial output rose 6.8 per cent in June from a year earlier, faster than the 5.6 per cent expansion forecast by economists

Donald Trump makes China great again as it grows bolder with India

Assumptions about US' decline are making China bolder and more overbearing in its approach towards India

China's manufacturing activity returns to growth in June, Caixin PMI shows

Caixin/S&P Global manufacturing PMI rose to 50.4 in June from 48.3 in May, surpassing analysts' expectations

China's factory activity contracts in May as US tariffs take a toll

Two weeks after a breakthrough trade truce, US Treasury Secretary Scott Bessent said Thursday that negotiations with China are "a bit stalled," signalling fresh uncertainty in the talks

European businesses report record-low optimism in China: Survey

EU Chamber of Commerce survey shows just 12 per cent of European firms in China optimistic about profitability, reflecting deepening concerns over trade tensions

China's fossil fuel output dips from March highs but rises year-on-year

Gas output rose 8.1 per cent year-on-year to 21.5 billion cubic meters, while crude oil increased 1.5 per cent to 17.7 million tonnes, the statistics bureau said

China cuts key rate, reserve ratio amid escalating US trade tensions

People's Bank of China cut the seven-day reverse repurchase rate to 1.4 per cent from 1.5 per cent, according to Governor Pan Gongsheng

China won't talk if US doesn't show respect, says former top official

China and the US have spent the past two weeks locked in an escalating trade war, with both sides piling on new tariffs and raising barriers to trade

Trump tariffs to impact millions of Chinese workers in a blow to economy

Trump's 145% tariffs on China's goods are threatening to obliterate its access to the world's biggest economy, with Goldman Sachs estimating that up to 20 mn people may be exposed to US-bound exports

Trump's tariffs seen as far worse shock to China than first trade war

The trade standoff may wallop the economy just as its performance was steading in the beginning of 2025, with little sign of damage from tariff increases so far

China's vice premier reassures foreign CEOs on investment, business growth

China reassures foreign investors amid geopolitical tensions, urging open markets and promising a better business environment at the China Development Forum

China economic pickup outpaces forecasts before tariff pain deepens

The upswing suggested Beijing's pro-growth pivot since late September continued to feed momentum for the world's second-biggest economy

China urges banks to expand lending, credit use to boost consumer spending

China has ordered banks and other financial institutions to encourage more consumer financing and use of credit cards as part of a campaign to get people to spend more. The order on Friday from the country's financial regulator is part of the ruling Communist Party's latest push to build more confidence among consumers who are opting to save rather than spend, worried over jobs and the outlook for the economy. It said banks should lend more and also find ways to help borrowers who run into difficulties. Share prices in China surged following the notice from the National Financial Regulatory Commission. Officials are due to hold a briefing on Monday on efforts to increase spending and investment, factors considered crucial for keeping the economy on track following the setbacks of the COVID-19 pandemic, when millions of people lost jobs and many companies went out of business. The Chinese economy, the world's second-largest, has been growing recently at about a 5 per cent pace, ...

China's consumer inflation turns negative, raising deflationary concerns

Factory deflation extended into a 29th month, though the producer price index recorded a slower drop of 2.2 per cent compared to January's negative 2.3 per cent

China's exports, imports weaken in Jan-Feb as demand slides amid trade war

China's exports rose a less-than-expected 2.3% in January and February from a year earlier while imports fell more than 8% in a slow start to a year dogged by uncertainty over US tariffs and other policies. Economists had forecast that exports would rise 5% year-on-year and that imports would edge higher. China's overall trade surplus grew to $170.52 billion in the first two months of the year. China's customs agency typically publishes combined trade data for January and February to avoid any distortion from slowdowns during the week-long Lunar New Year holidays. Export growth cooled over the first two months of 2025, with tariff front-running providing less of a boost to demand than we had anticipated, said Julian Evans-Pritchard of Capital Economics. This slowdown comes before any substantial hit from tariffs, which will almost certainly lead to sharp falls in shipments to the US before long, he said. Evans-Pritchard said that the slowdown in imports suggests that the pick up i

China Jan manufacturing activity shrinks unexpectedly, hits five-month low

China's $18 trillion economy hit the government's growth target of "around 5 per cent" over 2024 but in a lopsided fashion, with exports and industrial output far outpacing retail sales

China FY24 revenue growth falls, non-tax income jumps amid market slump

Fiscal revenues in 2024 totalled 21.97 trillion yuan ($3.03 trillion), including 17.497 trillion yuan in tax receipts and 4.473 trillion yuan in non-tax income

US bans imports from 37 Chinese companies for human rights abuses in Uyghur

The US has banned Huafu Fashion Co, a leading global textile manufacturer, and 25 of its subsidiaries, alleging their involvement in forced labour practices within China's cotton industry

What lies ahead for banking and financial sector in the Year of the Snake?

Will we see a new trend with the sector shedding its skin and transforming itself? Or, will the theme of the year remain continuity with change?