China Economy

Gross domestic product expanded 4.8% from a year earlier in the three months through September, slightly exceeding economists’ forecast

Xi Jinping’s no. 2 signals openness to policy shift as tariffs hit

China’s GDP expanded 5.4% last quarter from a year before, thanks in part to Beijing’s consumer subsidies, along with an export surge to get ahead of the tariffs

BofA warns of Chinese stock correction ‘soon’ in 2015 repeat

The Hang Seng China Enterprises Index and the MSCI China Index have both surged at least 30% from mid-January lows, akin to the pace of gains seen in 2015 before the market plummeted, strategists led by Winnie Wu wrote in a Monday note.

Tarrified: Markets feeling the most pinch from Trump tariff risks

Trump has pledged tariffs of as much as 10% on global imports and 60% on Chinese goods, plus a 25% import surcharge on Canadian and Mexican products, duties that trade experts say would upend trade flows, raise costs and draw retaliation.

China's central bank offers strongest yuan support since July after dollar gains

The People’s Bank of China set the so-called fixing at the strongest bias since July versus the average estimate in a Bloomberg survey on Thursday

China's aging population fuels 'silver economy' boom, but profits can prove elusive

Property developers like Vanke Co. and Sino-Ocean Group and insurance companies such as Taikang Insurance Group have built high-end communities for older adults with amenities such as movie-screening and mahjong rooms and dining services.

China is expanding visa-free entry to more countries in bid to boost economy

Starting Nov. 30, travelers from Bulgaria, Romania, Malta, Croatia, Montenegro, North Macedonia, Estonia, Latvia and Japan will be able to enter China for up to 30 days without a visa, Foreign Ministry spokesperson Lin Jian said.

China says will 'significantly increase' debt to revive economic growth

Without providing details on the size of the fiscal stimulus being prepared, Finance Minister Lan Foan told a news conference there will be more "counter-cyclical measures" this year.

China to issue local government bonds to support property sector

More expansionary public spending is deemed crucial to reviving the world’s second-largest economy.

China stocks set for best week since 2008; Japan leadership contest in focus

The yen retreated to three-week lows ahead of a leadership contest of Japan’s ruling Liberal Democratic Party on Friday, as investors looked to gauge what it could mean for the country’s rate hike path.

China vows 'necessary spending' to hit economic growth target

The remarks came in an official readout of a monthly meeting of top Communist Party officials, the politburo. The September meeting is not usually a forum for macroeconomic discussions, which suggests growing anxiety over slowing economic growth.

China cuts one-year rate, withdraws cash from banking system

The People’s Bank of China cut the rate of the medium-term lending facility to 2% from 2.3%, according to a statement on Wednesday. It also withdrew a net 291 billion yuan ($41.4 billion) via the MLF, the biggest drainage since December 2021

China unveils biggest package yet to boost property market

The People’s Bank of China will cut outstanding mortgage rates for individual borrowers by an average of 0.5 percentage point, Governor Pan Gongsheng said at a press conference on Tuesday

China unleashes stimulus blitz in push to hit annual growth goal

China will also lower the mortgage rate for existing housing loans amid a property crisis

China weighs removing major homebuying curbs to boost demand

The government may also end distinctions between first- and second-home purchases, paving the way for smaller down payments and lower mortgage rates on second residences, the people added.

China is backing off coal power plant approvals after a 2022-23 surge that alarmed climate experts

A review of project documents by Greenpeace East Asia found that 14 new coal plants were approved from January to June with a total capacity of 10.3 gigawatts, down 80% from 50.4 gigawatts in the first half of last year.

China will focus on boosting consumption to improve economy, premier says

Li added that China will look at measures to boost household income in both rural and urban areas, and will make support appropriate to the needs of different groups of people, state media reported.

China’s economy fails to pick up after worst stretch in five quarters

Industrial output rose 5.1% from a year ago, the National Bureau of Statistics said Thursday, down from June’s increase of 5.3%. The median forecast of economists surveyed by Bloomberg was 5.2%. The urban jobless rate grew for the first time since February to reach 5.2%.

China's economy grew less than expected in second quarter: Official data

By quarter, the GDP for the first quarter increased by 5.3 percent year on year and for the second quarter 4.7 percent,Beijing's National Bureau of Statistics said in a statement.

China’s top leaders hint at property support, rate cuts

Officials will “make flexible use” of tools to support the economy and lower overall borrowing costs, a meeting of the 24-man Politburo led by Chinese President Xi Jinping agreed, the official Xinhua News Agency reported Tuesday

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China's market restrictions won't help, may be bad for EMs, no immediate impact on India

Fund managers Moneycontrol spoke to said that investors generally do not like such interference

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China's Singles Day: Shopping fest wraps up with e-commerce giants reporting sales growth

The festival is closely watched as a gauge of consumer confidence, and expectations for sales growth this year have been subdued, as the economy has been flirting with deflation while making an unsteady recovery.

China's 'Singles Day' shopping bonanza loses lustre on declining consumer demand

The slowing sales follow an announcement this week that China slipped back into deflation in October, underscoring the work remaining for officials seeking to jumpstart demand. Among consumers surveyed by Bain this year, 77 percent said that they did not plan to spend more than usual during the sales event.