China economy

China inflation hits nine-month low in December

For the whole of 2024 prices were up 0.2 percent, the same as the previous year.

China manufacturing activity grows for third straight month

China's Purchasing Managers' Index (PMI) was 50.1 in December, marking a third consecutive month of expansion

China says to raise deficit, boost spending next year: state media

The world's second-largest economy has for years battled sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt

China's retail sales weaken, miss forecasts in November

Retail sales expanded three percent year-on-year in November, the National Bureau of Statistics (NBS) said, slowing from a 4.8 percent rise in October that was its best reading in eight months.

Yellen won't rule out sanctions on Chinese banks, curbs on 'dark fleet' oil tankers

Earlier this week, Yellen said softness in the oil market presents an opportunity for more sanctions

Chinese authorities are considering a weaker yuan as Trump trade risks loom

The contemplated move reflects China's recognition that it needs bigger economic stimulus to combat Trump's threats of punitive trade measures, people with knowledge of the matter said

China's leaders to chart economic plans for 2025: report

Beijing is also strapping in for four more years of tensions with the United States under President-elect Donald Trump, who has promised to impose stinging tariffs on China

China probes Nvidia for 'violating' anti-monopoly law

Nvidia is also suspected of violating commitments it made in 2020, the statement said, when it acquired Israeli data center firm Mellanox

China export surge slows as leaders eye economic revamp

Exports jumped 6.7 percent on-year to $312.3 billion last month, China's General Administration of Customs said.

December 9, 2024
December 9, 2024

Chinese premier warns world financial leaders of 'deglobalisation' risks

Premier Li Qiang made the remarks in his opening speech at a summit attended by the top leaders of organisations including the International Monetary Fund, the World Trade Organisation and the World Bank.

November 30, 2024
November 30, 2024

China manufacturing expands for second straight month

The latest PMI reading marks the second straight month of expansion -- indicated by a figure above 50 -- after a five-month run in negative territory that ended in October.

November 11, 2024
November 11, 2024

China's 'Singles Day' shopping spree in spotlight as spending flags

"Singles Day" -- launched by tech giant Alibaba in 2009 -- has ballooned into an annual blockbuster period for retail, with days of discounts luring customers to the country's online shopping platforms.

November 9, 2024
November 9, 2024

China consumer prices rise at slower rate in October

The consumer price index (CPI), a key measure of inflation, rose 0.3 percent year-on-year in October, down from 0.4 percent in September, the National Bureau of Statistics (NBS) said.

November 5, 2024
November 5, 2024

China's premier 'fully confident' of hitting growth targets

Beijing has set a growth target of around five percent for 2024, but in the third quarter the country saw its slowest expansion in a year and a half as its post-pandemic recovery remained stubbornly uneven.

November 4, 2024
November 4, 2024

China to hash out stimulus plan with US elections in its sights

Beijing has in recent months heeded calls to step up support for the economy after years of inaction, announcing a raft of measures including rate cuts and the easing of some home buying restrictions

October 31, 2024
October 31, 2024

China factory output expands for first time in six months

In October, China's Purchasing Managers' Index (PMI) -- a key measure of industrial output -- was 50.1, the National Bureau of Statistics (NBS) announced, up from 49.8 in September.

October 30, 2024
October 30, 2024

Beijing files WTO complaint over EU's new taxes on Chinese EVs

The extra taxes of up to 35 percent were announced Tuesday after an EU probe found Chinese state subsidies were undercutting European automakers

October 27, 2024
October 27, 2024

China's second-generation factory owners go digital to combat challenges

Qiu has set up a marketing business that directly connects factories with foreign audiences, through videos posted on Instagram and TikTok, which in China can only be accessed using a VPN.

October 23, 2024
October 23, 2024

IMF lowers China 2024 growth forecast, warns property woes 'could worsen'

China's leaders are targeting annual growth of five percent this year -- a goal challenged by weak consumption and a prolonged and debilitating debt crisis in the colossal property sector