Page 4 - Chinese Economy

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

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

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

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

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

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'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