Page 4 - Chinese Economy
China to raise retirement age as pension pressure mounts on economy
This decision comes as China's pension system, the world's largest with 1.05 billion contributors and beneficiaries, faces significant stress from demographic change
 "China to raise retirement age as pension pressure mounts on economy")
China's worsening population data presents an opportunity for India
India must do whatever is necessary to prepare its economy to benefit from a slowing China. But a proper strategy is needed as India's own demographic dividend will not last forever
 "China's worsening population data presents an opportunity for India")
China's deflation spiral now entering dangerous stage, needs policy action
We are definitely in deflation and probably going through the second stage of deflation, said Robin Xing, chief China economist at Morgan Stanley, citing evidence from wage decreases
 "China's deflation spiral now entering dangerous stage, needs policy action")
China's central bank sees room to cut reserve buffers to boost economy
The central bank would watch developing economic trends before making any adjustments, Zhou said, adding that the bank was closely monitoring policy changes in major economies
 "China's central bank sees room to cut reserve buffers to boost economy")
China home sales slump continues despite government's rescue efforts
The sector continues to be a drag on China's economy, which needs more stimulus to meet the government's 5 per cent growth target this year, according to reports
Oil prices falls 2% on Gaza ceasefire talks, weak Chinese economy
US Secretary of State Antony Blinken on Monday said the latest diplomatic push by Washington to achieve a ceasefire deal in Gaza was "probably the best, maybe the last opportunity"
 "Oil prices falls 2% on Gaza ceasefire talks, weak Chinese economy")
China's youth jobless rate climbed to 17.1% in July as hiring held off
Around 12 mn students graduated this summer, but with even roles in remote areas attracting young Chinese with diplomas from top universities, aspiring professionals face toughest job market in years
Chinese officials get no respite as economy shows new signs of weakness
Economy had already grown more slowly than expected in the second quarter, expanding 4.7 per cent from a year earlier, as wary consumers remained reluctant to spend and trade ties with major markets
PBOC studies plan to narrow rate fluctuation range, warns over bond risks
Chinese Bank also used report to sound warnings about the risks of what it considers a bond-market bubble, after an unprecedented rally sent yields so low that they could endanger financial stability
 "PBOC studies plan to narrow rate fluctuation range, warns over bond risks")
China defends its manufacturing capacity, asserts world needs more EVs
While China pays attention to concerns of major economies about overcapacity, it too is concerned by trade threats like tariffs, Liao said
 "China defends its manufacturing capacity, asserts world needs more EVs")
Don't break law and you have nothing to fear, China tells Taiwan staff
Speaking at a regular news briefing, Zhu Fenglian, spokesperson for China's Taiwan Affairs Office, reiterated there was no cause for alarm for most Taiwanese
 "Don't break law and you have nothing to fear, China tells Taiwan staff")
As Volkswagen struggles in China. Can EVs help it grow in US market?
By 2030, Volkswagen plans more than 30 new electric or hybrid models in China and hopes to boost sales to about 4 million, from about 3 million today, lifting its market share to 15 per cent
 "As Volkswagen struggles in China. Can EVs help it grow in US market?")
China conducts surprise rate cuts in efforts to support weak economy
The cuts come after China last week reported weaker-than-expected second-quarter economic data and its top leaders met for a plenum that occurs roughly every five years
 "China conducts surprise rate cuts in efforts to support weak economy")
China's economy grows slower than expected on weak demand, job insecurity
The government is aiming for economic growth of around 5.0% for 2024, a target that many analysts believe is ambitious and may require more stimulus
 "China's economy grows slower than expected on weak demand, job insecurity")
What is China's 'third plenum'? Everything you need to know about it
The first, second and seventh plenums typically focus on the power transition between Central Committees
Why has China's central bank introduced a new cash management tool?
The central bank has sounded warnings and introduced a flurry of measures, including plans to sell treasury bonds, to cool a long-running bond rally
Taiwan to produce new kamikaze drones to repel potential Chinese invasion
The upgraded versions are expected to be produced in small batches and included in the regular annual budget
 "Taiwan to produce new kamikaze drones to repel potential Chinese invasion")
What makes disconnecting trade ties with China expensive and challenging
The current global economic environment works against migration, standing in contrast to the increasingly tense geopolitical situation that adds urgency to decoupling
 "What makes disconnecting trade ties with China expensive and challenging")
Xi Jinping greets EU Council president ahead of EV tariffs taking effect
EU trade policy has turned increasingly protective over concerns that China's production-focused development model could see it flooded with cheap goods
 "Xi Jinping greets EU Council president ahead of EV tariffs taking effect")
Xi's China proves a hard sell as officials seek investments overseas
Global investors see the investment pitch with skepticism, partly due to Xi Jinping's policies
 "Xi's China proves a hard sell as officials seek investments overseas")
