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.

October 9, 2024
October 9, 2024

China says raised 'serious concerns' with US over trade curbs

Chinese Commerce Minister Wang Wentao's call with US Commerce Secretary Gina Raimondo was described by Beijing as "candid, in-depth and pragmatic".

October 8, 2024
October 8, 2024

China holds off on fresh stimulus but 'confident' will hit growth target

Beijing has struggled to reignite business activity as officials target around five percent expansion, which analysts say is optimistic given the numerous headwinds, from a prolonged housing crisis to sluggish consumption and local government debt

October 7, 2024
October 7, 2024

China’s consumers regain some lost lustre

Amid slowing growth and a property downturn, domestic demand has remained anaemic for much of the year: retail sales rose only 2.1 percent in August, missing analyst forecasts of 2.5 percent

October 6, 2024
October 6, 2024

China home sales rise after stimulus measures, state media says

More than 50 cities introduced policies to boost the real estate market, while nearly 2,000 developments from more than 1,000 property companies participated in promotions

September 30, 2024
September 30, 2024

Painful policy choices loom after China's 'monumental' consumer stimulus plan

Beijing plans to issue sovereign bonds worth about 2 trillion yuan ($284 billion) this year, in part to subsidise consumer goods purchases and child support, effectively transferring funds to households

September 30, 2024
September 30, 2024

China megacities ease homebuying rules to boost property market

The teetering property sector has long accounted for around a quarter of gross domestic product and experienced dazzling growth for two decades

September 29, 2024
September 29, 2024

Beijing directs fiscal firepower at itself

The special government debt would equal to just 1.4 percent of last year's GDP - not quite the "whatever it takes" big-bang approach many economists and investors had been hoping for.

September 28, 2024
September 28, 2024

Cuts, cash, credit: China bids to jumpstart flagging economy

China this week unveiled a bundle of new measures aimed at kickstarting its economy, battered by unprecedented headwinds including a property sector crisis and sluggish spending

September 26, 2024
September 26, 2024

China admits economy facing new 'problems', vows to fix property sector

China's top leaders, including President Xi Jinping, admitted Thursday that the economy was facing new "problems" and vowed to resolve a long-running housing sector crisis, state media said

September 26, 2024
September 26, 2024

China considers $142 bn injection for state banks: report

Chinese leaders are considering pumping more than $140 billion into the country's large state-run banks in the first such move to support the flagging economy