Page 9 - Chinese Economy

Oil prices stabalies as China economic fears counter tight US supply

Brent crude futures edged up 6 cents to $84.95 a barrel by 11:35 a.m. EDT (1535 GMT), while U.S. West Texas Intermediate crude (WTI) fell 2 cents higher to $80.97 a barrel

TMS Ep499: Chinese economy, policy making rejig, markets, protectionism

How will China's economic troubles hit India and the world? Does India's policymaking need a rejig? Time to turn cautious on stocks of new-age companies? What is protectionism? All answers here

Oil prices drop over 1% due to intensifying pressure of Chinese economy

China's industrial output and retail sales data on Tuesday showed the economy slowed further last month, intensifying pressure on already faltering growth

China finance giant's missed payments alarm regulators and markets

Task force set up after a unit of Zhongzhi Enterprise, one of nation's top wealth managers, missed payments on multiple high-yield investment products

Oil stabilises as China economic worries counter OPEC+ supply cuts

Brent crude futures slipped 35 cents to $86.46 a barrel by 1027 GMT while U.S. West Texas Intermediate crude edged lower by 38 cents to $82.81 a barrel

China looks to attract foreign investment as its economy struggles

The 24-point plan from the State Council - China's cabinet - also promises to relax regulations on transferring data overseas, among other measures

Biden describes China as 'ticking time bomb' over its economic problems

First came word that China's economy had slowed substantially in the spring, extinguishing hopes of a robust expansion after the lifting of extreme Covid restrictions

China's July exports tumble, add to pressure to shore up flagging economy

China's exports plunged by 14.5 per cent in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump. Exports fell to USD 281.8 billion as the decline widened from June's 12.4 per cent fall, customs data showed Tuesday. Imports tumbled 12.4 per cent from a year earlier to USD 201.2 billion in a sign of weak domestic demand, widening from the previous month's 6.8 per cent contraction. The country's global trade surplus narrowed by 20.4 per cent from a record high a year ago to USD 80.6 billion. Chinese leaders are trying to shore up business and consumer activity after a rebound following the end of anti-virus controls in December fizzled out earlier than expected. Economic growth sank to 0.8 per cent in the three months ending in June compared with the previous quarter, down from the January-March period's 2.2 per cent. That is the equivalent of 3.2 per cent annual growth, which would be among China's weakest in three ...

China's manufacturing contracts in July dragging down Asia factories

The Caixin manufacturing purchasing managers index declined to a six-month low of 49.2 in July from 50.5 in June, below the key 50 level that marks a contraction, a private survey showed

China factory activity shrinks in July, adds to pressure to reverse slump

Chinese factory activity contracted in July as export orders shrank, a survey showed Monday, adding to pressure on the ruling Communist Party to reverse an economic slowdown. A purchasing managers' index issued by the national statistics agency and an industry group improved to 49.3 from June's 49 on a 100-point scale but was below the 50-point level that shows activity contracting. China's manufacturing PMI remained in contraction, albeit a softer pace, as the drag from the external sector deepened, Erin Xin of HSBC said in a report. That puts more pressure on Beijing to support growth through both fiscal and monetary measures. Chinese leaders are trying to revive economic activity by promising to support entrepreneurs who generate jobs and wealth. But they have yet to give details possible tax cuts or spending and have avoided announcing a large-scale stimulus. Demand for Chinese exports weakened after U.S. and European interest rates were raised to cool record-breaking inflation

China slides to brink of deflation, adds urgency for economic stimulus

The consumer price index was unchanged last month from a year earlier - the weakest rate since prices fell in February 2021, according to data released by the National Bureau of Statistics on Monday

Why China may not challenge Western strategic dominance anytime soon

While the earlier facile assumption of China becoming a larger economy than the US may need revision, a re-balancing of global power seems more likely than a substantial power shift, notes T N Ninan

China's manufacturing contracted in June as export orders decreased: Survey

China's factory activity contracted for another month in June as export orders decreased, an official survey showed Friday, adding to signs an economic rebound following the end of anti-virus controls is cooling. A monthly purchasing managers' index issued by the national statistics agency and an industry group edged up to 49 from May's 48.8 on a 100-point scale on which readings below 50 show activity contracting. The world's second-largest economy revived following the end in December of anti-virus controls on travel and business activity. But that faded faster than expected due to lackluster consumer spending at home and weak demand for exports following interest rate hikes in the United States and Europe to cool inflation. Despite that, China's No. 2 leader, Premier Li Qiang, said this week economic growth accelerated in the April-June period from the previous quarter's 4.5% rate. Li gave no details but expressed confidence China can hit the ruling Communist Party's annual growt

China growth momentum slows further amid calls for more policy support

Speculation about potential policy support has been mounting as the recovery for the world's second-largest economy loses traction

Anger and dissatisfaction among working population in China: Report

An undercurrent of dissatisfaction and anger is being witnessed among the working population of China

China takes the yuan global in a bid to repel a weaponised dollar

Antagonism has flared between the two economic titans over issues ranging from trade and Taiwan to TikTok and technological know-how

BRICS surpass G7 GDP, India, China major economies with fast growth

The inflationary pressures, coupled with relentless rate hikes by central banks around the world, have hit Europe hard

China's biggest export hub struggles to stay afloat amid uncertainties

Located 50 km from Shanghai, Kunshan used to boast up to 30 per cent higher wages than other provinces, but now the companies there are cutting back their production amid the slowing economy of China

Analysts cut Asian companies' earnings; global slowdown, China to blame

Some analysts expect China's recovery may not be enough to offset headwinds from weak global demand and supply constraints for export-reliant economies in the region

FDI inflow in Chinese mainland up 6.1% in first two months of 2023

Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 6.1 per cent year on year to 268.44 billion yuan in the first two months of 2023