Page 22 - Chinese Economy

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

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

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

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'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

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

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

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

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

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

Fresh Covid-19 outbreak, floods spell double trouble for China's economy

Economic costs of floods, which have so far affected 27 of China's provincial-level jurisdictions, is likely to hit $20.6 billion

India blocks firms from China, other neighbours in commercial coal auction

Coal ministry issues press note citing an amendment made to the FDI Policy in April.

Mass unemployment amid pandemic emerges as biggest challenge for China

Unemployment is exploding in the country with an estimated 70 to 80 million Chinese lost their jobs or were unable to work at the end of March, several weeks after the lockdown was lifted

Rio Tinto touts 'V-shaped' China recovery as it beats profit expectations

Iron ore accounted for 96% of Rio's underlying earnings

China rebounds from coronavirus crisis, economy grows 3.2% in Q2

However, Shanghai Composite slips 4.5% over policy tightening, foreign selling

China's economy recovering steadily, but hard battle ahead: Premier Li

The world's second-largest economy is gradually emerging from a 6.8% economic decline in the first quarter, its first contraction on record

Covid-19 hit Chinese economy on a slow path to recovery, says UBS

With 94 per cent of respondents having resumed work as of late-May, consumers' near term expectations notably improved, the UBS' survey findings suggest

China's factory activity quickens to 3-month high, economy recovering: PMI

While most of the economy has reopened, many manufacturers are still struggling due to weak overseas orders as global demand falters