Page 22 - Chinese Economy
China gives Shenzhen more autonomy for market reform and integration
The changes announced by the National Development and Reform Commission include more flexibility to pursue reforms in areas such as land use and cross-border arbitration
 "China gives Shenzhen more autonomy for market reform and integration")
China passes export control law to protect civil, military, nuclear items
The country's top legislative body, the National People's Congress Standing Committee, adopted the measure on Saturday that applies to all companies in China
 "China passes export control law to protect civil, military, nuclear items")
Buoyed Chinese stock market tops $10 trillion, shrugs off 2015 rout
The world's second-largest stock market has added $3.3 trn since March lows
 "Buoyed Chinese stock market tops $10 trillion, shrugs off 2015 rout")
China's factory activity accelerates in Sept on boost from overseas demand
A private survey, also released on the day, painted a similar picture of the manufacturing sector gaining momentum backed by stronger overseas demand
 "China's factory activity accelerates in Sept on boost from overseas demand")
Covid-19: China's economic recovery leaves the bottom 60% behind
The rebound Beijing engineered is K-shaped, exacerbating widening income inequality, which was already a problem before the pandemic.
China's industrial profits grow 19.1% y-o-y in August to 612.81 bn yuan
That compares with a 19.6% increase in July and is the fourth straight month of profit growth
China issues new rules to tighten control over financial holding firms
New rules apply to firms with a banking operation & financial assets of over $73 bn
 "China issues new rules to tighten control over financial holding firms")
China taking advantage of Covid-19, tiff with India an example: US diplomat
The Assistant Secretary for East Asian and Pacific Affairs also reiterated Secretary Pompeo's remarks that the United States hopes for a peaceful resolution to the border standoff
China's services sector sustains recovery as hiring picks up: Caixin PMI
Firms started to hire more in August after six months of layoffs, indicating some recovery in a labour market that has been hit hard by sharp falls in demand
 "China's services sector sustains recovery as hiring picks up: Caixin PMI")
Once nearly half, China's market capitalisation is now 5x India's
According to Bloomberg data, China's m-cap stood at just $407 billion in May 2006 - 45 per cent below India's m-cap of $745 billion
 "Once nearly half, China's market capitalisation is now 5x India's")
China's Aug export orders shake off Covid gloom, fuelling factory expansion
The Caixin/Markit Manufacturing Purchasing Managers' Index(PMI) rose to 53.1 last month from July's 52.8
 "China's Aug export orders shake off Covid gloom, fuelling factory expansion")
Global Economy: Asian factories shaking off Covid-19 gloom, China shines
Manufacturing activity in China expanded at the fastest clip in nearly a decade in August, as factories ramped up output to meet rebounding demand
China will release funds to local govts more quickly to boost economy
The government has said it would set up special transfer payments of 2 trillion yuan ($289.72 billion) from special treasury bonds
 "China will release funds to local govts more quickly to boost economy")
China's mega banks hire tens of thousands in latest rescue mission
The four biggest state banks, led by Industrial & Commercial Bank of China Ltd., this month kicked off their autumn campus hiring, instead of in November as in previous years
 "China's mega banks hire tens of thousands in latest rescue mission")
Chinese premier says economy could grow this year despite Covid-19
BEIJING (Reuters) - Chinese Premier Li Keqiang said the country's economy could grow this year, state radio reported on Sunday, despite the impact of the COVID-19 pandemic.
In interview Donald Trump threatens to decouple US economy from China
Trump entered into a high-stakes trade war with China before reaching a partial phase 1 trade deal in January
 "In interview Donald Trump threatens to decouple US economy from China")
Xi Jinping launches 'Clean Plates Campaign', triggers fears of food crisis
The sudden and massive push to curb the problem of discarded leftovers -- known as the "Clean Plates Campaign" -- has puzzled experts
 "Xi Jinping launches 'Clean Plates Campaign', triggers fears of food crisis")
First into the coronavirus slump, China is proving the fastest out
An industry-powered rebound is pushing the Asian nation out of the historic first-quarter slump and toward the prospect of being the only major economy to expand this year
 "First into the coronavirus slump, China is proving the fastest out")
Rent-to-riches: Chinese landlords now face the brunt of flailing economy
Amid the strain wrought on China's services and manufacturing sectors by the spread of Covid-19 earlier this year, first to be laid off were migrant labourers, prime takers of small rental apartments
 "Rent-to-riches: Chinese landlords now face the brunt of flailing economy")
China July auto sales surge 16% in fourth month of gains, shows data
Sales rose to 2.11 million vehicles, according to the data from the China Association of Automobile Manufacturers
 "China July auto sales surge 16% in fourth month of gains, shows data")