China economy
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.
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.
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.
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
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.
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
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.
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
China's central bank cuts two key rates to boost economy
The cuts come just days after the country posted its slowest quarterly growth in a year and a half, underlining the deep economic woes the country faces.
China retail sales, industrial production slow in August
Chinese retail sales and industrial production growth slowed in August, official data showed Saturday, as leaders in Beijing seek paths to achieve growth targets despite consumers' reluctance to spend
China consumer prices edge up to six-month high in August
Chinese consumer inflation ticked up slightly in August to a six-month high, official data showed Monday, but the reading missed expectations and did little to soothe worries about sluggish spending in the world's number two economy
China tells US it presents 'opportunity' not 'threat': ministry
Chinese Vice Commerce Minister Wang Shouwen told his US counterpart on Saturday that a modern China was an economic "opportunity" not a "threat" to the United States, the ministry said
China's services activity expansion slows in August, Caixin PMI shows
Growth in China's services sector activity slowed in August despite the summer travel peak, prompting some firms to cut staff amid concerns about rising costs, a private-sector survey showed on Wednesday
As it reins in wasteful investment, China frets over growth
In the first seven months of this year, local governments have issued only 45.5% of their 3.9 trillion yuan special debt quota
China tests cargo drones with 2-tonne capacity
China has recently started testing cargo drones capable of 2-tonne payload capacity, in the hopes of expanding the country's low-altitude economy. Furthermore, the country has also been testing helicopter taxis on their soon-to-open 100-km route to Shanghai.
China's economy falters, raises pressure for more stimulus
China's economy grew much slower than expected in the second quarter as a protracted property downturn and job insecurity knocked the wind out of a fragile recovery
Cash is leaving China again, pressuring yuan
A sliding yuan and extensive outflows of cash from the mainland into Hong Kong show China's domestic investors are shelving expectations for any immediate recovery in their home markets and fleeing to the closest better-yielding assets.
China's discount wars risk cementing frugal consumer mindset
An aggressive market grab by low-cost Chinese retailers has delivered bumper earnings for some firms but has also intensified a bruising price war, exacerbating deflationary fears in the world's second-largest economy
IMF lifts China growth forecast but warns on industrial policy
The International Monetary Fund on Wednesday raised its yearly growth forecast for China, but warned that Beijing's industrial policy risks a "misallocation" of resources and could harm trade