Chinese Economy

China’s so-called anti-involution campaign has driven a structural reset in the local economy, and for India, this opens up opportunities across commodities, renewables, chemicals and EVs.

What China needs to become an economic hegemon

Are Beijing and the CCP able to or willing to play the vital role that the US has often played in the global economy — absorbing global surpluses with relatively open markets?

China’s economy slows sharply in ominous sign for outlook

Production at Chinese factories and mines rose at the slowest rate since November and expanded 5.7% last month from a year earlier, according to data released by the National Bureau of Statistics on Friday

China taps $1.5 trillion fund to boost home market support

The housing provident fund, a government savings program used to help people buy homes, has become an increasingly important means to obtain financing, as banks turn more cautious with profit challenges.

China would baulk at a sweeping Mar-a-Lago accord

Given the need for a weak renminbi to support export growth, a reprise of the 1985 Plaza Accord with Japan is unlikely

Martin Wolf: China’s economic ills are serious but not incurable

Unfortunately, policymakers have made things worse by resorting to temporary palliatives

Xi faces calls for relief from property slump at upcoming Communist Party conclave

Steps to address the property slump and fiscal relief for local governments is being pitched as key issues on agenda at the four-day conclave.

China dumps $22.7 billion in US treasury bills amid deepening strategic rivalry with Washington

China’s forex reserves, the world's highest, totalled USD 3.2457 trillion last month, according to the state-run Xinhua news agency.

The Eastern Window: China's 2024 budget estimates deflate stimulus hopes

The Chinese premier's work report did not hold out any decisive moves to address the concerns of investors over the sluggish economic growth and low consumer demand

World shares singed by stubborn inflation and slow China growth

The country’s central bank skipped a chance to cut rates again on Sunday, which will likely limit downward pressure on the yuan, but with deflation looming analysts see plenty of scope for further policy stimulus.

Why China is limping into the Year of the Dragon

The GDP deflator, the widest measure of prices in the economy, has fallen for the last three quarters, the longest streak since 1999.

US-China relations are defined by rivalry but must include engagement, American ambassador says

China’s economy slowed in the third quarter, as global demand for its exports faltered and the ailing property sector sank deeper into crisis.

Chinese leaders consider next steps for economy as debt and deflation cloud outlook for coming year

The weak housing market is among trends that have sapped enthusiasm for spending, hindering progress toward increasing domestic demand to help drive growth.

Back from summit with Biden, President Xi heads to Shanghai to boost business confidence

Observers say China’s current economic woes were largely attributed to Xi's emphasis more on security issues denting business confidence.

The local government debt that threatens China’s economy

With a massive pile of onshore debt repayments due in 2023 and 2024, the stress on local governments, already struggling during an economic slowdown, has intensified

Wall Street mixed, dollar dips ahead of Fed minutes

In currency markets, sterling picked up after data showed that Britain’s inflation fell in July but the core measure came in slightly higher than expected. It was last up 0.39% at $1.275.

Global stocks slip as concerns about China mount, US futures flat

Investors have bought the safe-haven dollar on the back of strong U.S. economic data and rising concerns about China. The euro was up 0.12% at $1.092.

Oil slips as China sours sentiment

Supply cuts by Saudi Arabia and Russia, part of the OPEC+ group comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies, have helped to galvanise a rally in prices over the past seven weeks

Imports may rise if Chinese economy remains weak, says Hindalco MD Satish Pai

Aluminium prices are going to remain between the $2100 and $2300 range largely because of uncertainty of the Chinese economy, said Satish Pai, MD of Hindalco Industries

China credit data shows signs of economic slowdown, says Jefferies

Global investors are looking at other investment alternatives to the Chinese economy according to the Jefferies report.

India races to get richer before it gets older as Indians outnumber Chinese

India needs to advance on four broad fronts — urbanisation, infrastructure, up-skilling and broadening its labour force, and boosting manufacturing — to fully cash in on its demographic dividend and reshape the global economy in the process

China central bank warns SVB collapse shows hazard of rapid rate hikes

The abrupt collapse of SVB this month roiled global financial markets and put authorities around the world on alert for signs of contagion

China names Li Qiang premier nominally in charge of economy

Li was nominated by Xi and appointed to the position at Saturday morning’s session of the National People’s Congress, China’s ceremonial parliament.

MSCI China Index erases 2023 gains as NPC underwhelms

Mixed economic data has dented optimism over an economic recovery in recent weeks after the nation’s reopening from Covid Zero curbs sparked a sharp three-month surge through January.