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.

June 11, 2024
June 11, 2024

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

May 29, 2024
May 29, 2024

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

May 21, 2024
May 21, 2024

China's fiscal revenue shrank 2.7% in Jan-April amid shaky economic recovery

China's fiscal revenue slipped 2.7 percent in the first four months of 2024 from a year earlier, after a 2.3 percent slide in the January-March period, in a further sign of an uneven economic recovery

May 11, 2024
May 11, 2024

China consumer prices rise at faster rate in April

China's inflation rate quickened last month, official data showed Saturday, as the government works to boost spending in the world's second-largest economy

April 22, 2024
April 22, 2024

Souring China dreams force Western financial firms to cut costs

As doubts grow about China's economic recovery and its markets lag global peers, many of the financial firms are taking a hit on their earnings and are reining in their ambitions

March 25, 2024
March 25, 2024

IMF chief urges China to boost growth with 'pro-market reforms'

Chinese policymakers have so far resisted calls to juice the economy through massive government stimulus, instead stressing the need to pivot towards "high-quality" growth

March 10, 2024
March 10, 2024

China warns overall pressure on employment yet to ease

More than one in five of the roughly 100 million Chinese aged 16 to 24 were unemployed in June 2023

March 9, 2024
March 9, 2024

China consumer prices rise in February for first time in six months

The positive data comes as senior officials meet in Beijing for the annual "Two Sessions" of China's parliament and its top political consultative body, in gatherings that have been dominated by the economy and national security

March 7, 2024
March 7, 2024

China trade surges in first two months of 2024

In January and February combined, exports surged 7.1 percent on-year

March 6, 2024
March 6, 2024

Can China maintain growth and 'transform' its economy at the same time?

That balancing act likely means Chinese debt must go up to finance investment in high-tech industries, and manage the pace of the property downturn and the restructuring of municipal liabilities