Page 2 of China Economy

China's economy, Chinese government, China, top news, latest news, world news, economy news,

China’s economy expanded 5.2 per cent last year, hitting the government’s target despite an uneven recovery

Official data released Wednesday showed that the Chinese economy grew 5.2% for 2023, surpassing the target of about 5%’ that…

January 17, 2024 18:52 IST

China, China economy, debt, Moody's, property crisis, slowdown, policy challenge, fiscal costs

Moody’s cuts China credit outlook to negative on rising debt

Moody’s lowered its outlook to negative from stable while retaining a long-term rating of A1 on the nation’s sovereign bonds,…

December 5, 2023 14:53 IST

China, manufacturing PMI, economic recovery, non-manufacturing activity, government support, property sector, infrastructure investment, private demand, policy support, unsecured loans, fiscal deficit ratio

China factory, services activity shrink in snag for recovery

A gauge of non-manufacturing activity — which measures the construction and services sectors — unexpectedly eased to 50.2, barely clearing…

November 30, 2023 11:16 IST

China’s great leap backwards: 2023 will be remembered as the year of missed growth opportunities for the country

After three decades of 10% annual growth, the Chinese economy was bound to decelerate.

October 27, 2023 06:15 IST

Flagbearers of the Global South: To catch up with China, India must step up its engagement with developing countries

India has a lot of catching up to do as it is acutely aware that China has gained much ground…

October 4, 2023 06:15 IST

China economic data show signs slowdown may be easing, as central bank acts to support growth

Acting to relieve the burden on banks, the People’s Bank of China, or central bank, announced late Thursday that the…

September 15, 2023 11:08 IST

Yuan, China economy, China’s currency, overseas trading, monetary policy, depreciation, exchange rates, policymakers

Yuan drops toward record low as China budges in fight with bears

China’s currency declined to about 7.36 per dollar in overseas trading, beyond the psychologically important level of 7.35 and close…

September 8, 2023 12:27 IST

export surge, Indian economy, foreign trade, global slowdown, service exports, SaaS products, competitive prices, artificial intelligence, captive technology facilities, Global Capacity Centers, manufacturing exports, PLI, infrastructure investment, trade financing, economic growth

China exports decline slower than expected in August as economy remains under pressure

Imports slid 7.3 per cent from a year ago to USD 216.51 billion, but beat consensus estimates of a 9…

September 7, 2023 09:56 IST

China, China economy, economic power, Joe Biden, disinflationary impulse, population, industrial policies, investment

How China’s economic slowdown will impact its rise to top economy

The view emerging from officials in Washington, Rome, Tokyo and other capitals, who spoke with Bloomberg News mostly on condition…

September 1, 2023 09:05 IST

china, china economy, china forex, china central bank,

China to cut banks’ FX reserve ratio to rein in yuan weakness

The move was to “improve financial institutions’ ability to use foreign exchange funds,” the PBOC said.

September 1, 2023 07:04 IST

China’s policy paralysis: Barring a consumer-led rebalancing, it will be hard for China to regain momentum

According to the Bank for International Settlements (BIS), non-financial debt stood at 297% of GDP at the end of 2022.

August 31, 2023 04:30 IST

China’s worsening economic slowdown is rippling across the globe

Global investors have already pulled more than $10 billion from China’s stock markets, with most of the selling in blue…

August 28, 2023 13:08 IST

China economy, economic growth, China’s stock markets, Morgan Stanley, Goldman Sachs, exports, global oil prices, inflation, IMF, growth rate, deflation pressure, tourism, rate cuts, weak currency, foreign investors

China’s worsening economic slowdown is rippling across the globe

Global investors have already pulled more than $10 billion from China’s stock markets, with most of the selling in blue…

August 28, 2023 07:45 IST

China rolls out major mortgage easing for homebuyer support

China is proposing that local governments can scrap a rule that disqualifies people who’ve ever had a mortgage – even…

August 25, 2023 12:03 IST

Chinese banks challenged as economy wobbles and property market woes mount

China Construction Bank Corp., Bank of Communications Co. and China Merchants Bank Co. may face heavier provision burdens in the…

August 21, 2023 11:01 IST

china economy, china, chinese economy, china economic growth,

Globalisation’s effects: Growth in a fractured world

While China represents a special example of “muddled-middle” growth strategies, it is not the only country in danger of falling…

August 1, 2023 04:30 IST

Skepticism prevails as Chinese leaders promise to back private businesses to spur slowing economy

Chinese leader Xi Jinping’s government is making ambitious promises to drag the economy out of that crisis of confidence aggravated…

Updated: July 31, 2023 11:10 IST

manufacturing PMI, manufacturing activity, S&P Global, new orders, production, exports, cost pressure, output price, inflation

China industrial profits extend double-digit slide on weak demand

The year-to-date 16.8% fall followed an 18.8% profit decline in January-May, and reinforced a frail economic recovery that brought weaker-than-expected…

Updated: July 27, 2023 12:34 IST

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Pennsylvania sends 100,000 cheques to residents for holidays: Who is eligible?

World News11 min ago

Pennsylvania’s ‘Money Match’ program, launched in 2024, is returning over $22 million to nearly 100,000 residents through automatic cheques for unclaimed property up to $500. Treasurer Stacy Garrity clarified that these are legitimate payments from dormant bank accounts, uncashed checks, and rebates. However, manual claims are still required for larger amounts or complex cases.

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