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.

September 25, 2024
September 25, 2024

China's monetary volleys miss key threat to economic growth

China's central bank has shifted to a more aggressive easing stance, but its policy weapons don't have the key enemy to economic growth in their line of sight: the persistently weak consumer demand

September 22, 2024
September 22, 2024

China youth unemployment hits 18.8%, highest this year

Youth unemployment in China climbed to 18.8 percent in August, its highest level this year, as the country struggles to boost a flagging economy

September 14, 2024
September 14, 2024

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

September 9, 2024
September 9, 2024

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

September 8, 2024
September 8, 2024

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

September 4, 2024
September 4, 2024

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

August 29, 2024
August 29, 2024

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

August 12, 2024
August 12, 2024

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.

July 15, 2024
July 15, 2024

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

June 23, 2024
June 23, 2024

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.