Page 4 - Chinese Economy

China likely to unveil much-anticipated economic stimulus package

China is expected to announce much-anticipated steps to boost its flagging economy Friday at the end of this week's meeting of its legislature. Analysts say bold, multi-trillion yuan measures are needed to reinvigorate the world's second largest economy, which has yet to bounce back fully from the COVID-19 pandemic. The central bank loosened restrictions on borrowing in late September, sparking a stock market rally, but economists say the government needs to do more to ignite a sustained recovery. Government officials have indicated that could come at this week's meeting of the Standing Committee of the National People's Congress, which must give official approval to any new spending. The economy has shown signs of life in the last two months. Purchase subsidies offered to people who trade in old cars or appliances for new ones helped auto sales rebound in September. A survey of manufacturers turned positive in October after five straight months of decline, and exports surged 12.7%

No winners in trade, industrial wars, says China's ambassador to US

Trump's return could revive issues from his first presidency, when he initiated a bruising trade war with the world's second-largest economy in 2018

Why investors are pulling money from Indian stocks in favour of China

Even after the recent selloff, MSCI India trades at 22 times forward earnings, more than 1.5 standard deviations higher the its two-decade average, Chinese stocks are a lot cheaper, by comparison

Can China navigate the storm? New economic hurdles may test resilience

While it has successfully weathered economic challenges before, this time is different

Slow growth in China raises doubts over 2024 target as concern mounts

China faces headwinds in various sources of demand, in particular - and the government has not opened its purse strings sufficiently to make up for the shortfall

China's Q3 GDP shows weakest pace since 2023, backs calls for more stimulus

China's export growth slowed sharply in September while imports also decelerated, undershooting forecasts by big margins and suggesting manufacturers are slashing prices

China's new home prices fall at fastest pace in Sept since May 2015

China is expected to raise 6 trillion yuan through special treasury bonds over the next three years to reinvigorate its struggling economy

China may raise $850 bn in new debt over 3 years to spur growth: Report

While not the bazooka some investors had been calling for, analysts say 6 trillion yuan in extra debt in the next three years could help stabilise growth

China is 'fully confident' of achieving economic, social goals in 2024

To support local governments, China will issue 100 billion yuan ($14.12 billion) from next year's central budget and another 100 billion yuan for key investment projects by the end of this year

India's equity-market valuation premium over China narrows to 54.2%

Equity market trend attributed to faster growth in India Inc earnings

China's central bank unveils broad stimulus measures to revive economy

The broader-than-expected package marks the latest attempt by Chinese officials to restore confidence in the world's second-largest economy after a slew of disappointing data

Biden admin to prepare ban on Chinese car software to prevent hacking

Lael Brainard, director of the White House's National Economic Council, is set to speak Monday in Detroit about the Biden administration's efforts to strengthen the US auto industry

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'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 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 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 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"

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