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China Economy

How will the market move in future?

How will the market move in future?

Tue, Oct 01, 2024

Some support to metal prices due to China's relief package, the effect of China's relief package is generally not sustainable, fundamentals of the Indian market are strong in the long term: Rakesh Arora, Founder,

IMF upgrades its forecast for China's economy, but says reforms are needed to support growth

IMF upgrades its forecast for China's economy, but says reforms are needed to support growth

Wed, May 29, 2024

The IMF's report, issued late Tuesday, said the world's second-largest economy will likely expand at a 5% annual rate this year, based on its growth in the first quarter and recent moves to support the property sector.

Activists Condemn China's Actions, Urge End to Uyghur and Tibetan Oppression

Activists Condemn China's Actions, Urge End to Uyghur and Tibetan Oppression

Fri, May 17, 2024

Activists worldwide have condemned China's actions and are calling for an end to the oppression of Uyghurs and Tibetans. The ongoing human rights issues have drawn international criticism and demands for change.

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China Reports 3% GDP Growth For 2022 As December Retail Sales, Industrial Production Beat Estimates

China Reports 3% GDP Growth For 2022 As December Retail Sales, Industrial Production Beat Estimates

Tue, Jan 17, 2023

China's GDP growth was better than expected. China's GDP growth in 2022 was 3%. China's GDP growth is the lowest in 50 years. Retail sales, factory production are also weak in China. Iron ore, steel and copper under pressure. Know the complete details from Neha.

China economy news: GDP grows at 3% in 2022

China economy news: GDP grows at 3% in 2022

Tue, Jan 17, 2023

China economy news: China has reported that its economic growth fell to 3 per cent last year under pressure from virus controls, real estate slump, reported news agency The Associated Press.

China economy recovering but hampered by virus outbreaks

China economy recovering but hampered by virus outbreaks

Tue, Jan 10, 2023

The abrupt decision by President Xi Jinping's government to end controls that shut down factories and kept millions of people at home will move up the timeline for economic recovery, but might disrupt activity this year as businesses scramble to adapt, forecasters say.

ADB cuts India's GDP growth forecast for FY23 to 7% on high inflation, monetary tightening

ADB cuts India's GDP growth forecast for FY23 to 7% on high inflation, monetary tightening

Wed, Sep 21, 2022

India's economy grew 13.5 per cent year-on-year in the first quarter of 2022-23, reflecting strong growth in services, ADB said in a supplement to its flagship ADO report on Wednesday.

Covid returns to haunt China's Shanghai: Three-day mass testing from tomorrow to arrest virus spread

Covid returns to haunt China's Shanghai: Three-day mass testing from tomorrow to arrest virus spread

Mon, Jul 18, 2022

Shanghai will require residents across nine of the city`s districts and some smaller areas to undergo testing for COVID-19, the city government said on Monday.

Big boost to India's defence as US approves sanctions waiver for S-400 missile deal with Russia

Big boost to India's defence as US approves sanctions waiver for S-400 missile deal with Russia

Fri, Jul 15, 2022

"My bipartisan NDAA amendment marks the most significant piece of legislation for US-India relations out of Congress since the US-India nuclear deal," RRo Khanna said.

China's economic growth plunges to 0.4% amid Covid lockdowns

China's economic growth plunges to 0.4% amid Covid lockdowns

Fri, Jul 15, 2022

China's economic growth plunged to 0.4 per cent over a year earlier in the latest quarter after Shanghai and other cities were shut down to fight coronavirus outbreaks.

Commodity Superfast: Base Metals Recovers Amid Reports Of Relief Package In China

Commodity Superfast: Base Metals Recovers Amid Reports Of Relief Package In China

Thu, Jul 07, 2022

Base metal prices recovered amid reports of relief package in China. LME Metals jumped 2-4%. LME Copper price has rosed by about 4%. MCX Copper is trading at Rs 660 with a strength of 2%. Zinc rose 2% and aluminum 1%. LME Nickel has gained 4.5%. China's economic package of $22000 Cr may be announced soon.

China industrial profit growth accelerates in Sept despite cost pressures

China industrial profit growth accelerates in Sept despite cost pressures

Wed, Oct 27, 2021

Profits at China’s industrial firms rose at a faster pace in September even as surging raw material prices and supply bottlenecks squeezed margins and weighed on factory activity. Profits jumped 16.3% on-year to 738.74 billion yuan ($115.72 billion) the statistics bureau said on Wednesday, quickening from the 10.1% gain reported in August.

China Evergrande Crisis: Evergrande to raise $5 billion from property unit sale

China Evergrande Crisis: Evergrande to raise $5 billion from property unit sale

Mon, Oct 04, 2021

According to a report by China’s state-backed Global Times, the country’s troubled property developer Evergrande will a half-stake in its property management unit to Hopson Development for more than $5 billion.

Goldman Sachs cuts China growth on power shortage

Goldman Sachs cuts China growth on power shortage

Tue, Sep 28, 2021

According to a BBC report, Goldman Sachs has cut its growth forecast for China to 7.8 per cent from its previous estimate of 8.2 per cent.

Evergrande's debts issues, a wake-up call for China's economy

Evergrande's debts issues, a wake-up call for China's economy

Thu, Sep 23, 2021

Emily Feng, writing in NPR said that the buyers of an estimated 1.4 million Evergrande units all over China are now uncertain whether the properties they paid for will ever be built.

Dragon dying? Massive slowdown! China's economic growth rate slowest since 1990

Dragon dying? Massive slowdown! China's economic growth rate slowest since 1990

Mon, Jan 21, 2019

The uncertain outlook for Chinese exporters caused companies to delay investing and hiring and in some cases even to resort to layoffs - a practice that is often discouraged by China's stability-obsessed Communist Party rulers. The official jobless rate ticked up to 4.9 per cent last month from 4.8 per cent in November.

China's economic growth slumps to lowest since 2009

China's economic growth slumps to lowest since 2009

Sat, Oct 20, 2018

China`s economic growth slumped to its lowest since 2009 as it grew by 6.5 per cent in the third quarter from a year earlier. The announcement by the Chinese government on Friday comes at a time when Beijing is locked in a bleeding trade war with Washington.

China's Q2 GDP growth seen easing to around 6.7 percent - official think tank

China's Q2 GDP growth seen easing to around 6.7 percent - official think tank

Sat, May 19, 2018

The forecast was slightly slower than the 6.8 percent expansion posted in the first quarter. The SIC is an official think tank affiliated with the National Development and Reform Commission, the country`s top economic planning agency.

China's April exports bounce back more than expected despite trade dispute with US

China's April exports bounce back more than expected despite trade dispute with US

Tue, May 08, 2018

China`s April exports rose 12.9 percent from a year earlier, beating analysts` forecasts for a 6.3 percent increase and snapping back from a 2.7 percent drop in March, which economists believe was heavily distorted by seasonal factors. The heated row with Washington and threats of tit-for-tat punitive measures on trade and investment have added to existing concerns about an economic slowdown in China this year.

China's premier Li Keqiang pledges further market opening as talk of trade war mounts

China's premier Li Keqiang pledges further market opening as talk of trade war mounts

Tue, Mar 20, 2018

China will improve access to its services and manufacturing sectors while further lowering import tariffs, including those on cancer-related drugs, Li also said at his once-a-year press conference. He did not give more specifics. "China`s economy has been so integrated with the world`s, that closing China`s door would mean blocking our way for development," Premier Li Keqiang said.

China keeps growth target at 6.5 percent, stays focused on financial risks

China keeps growth target at 6.5 percent, stays focused on financial risks

Mon, Mar 05, 2018

China aims to expand its economy by around 6.5 percent this year, the same as in 2017, while pressing ahead with its campaign to reduce risks in the financial system, Premier Li Keqiang said on Monday. The goal was kept unchanged, even though the economy grew 6.9 percent last year and exceeded th

IMF's 7.4% growth forecast for India in FY19 a boost to Modi govt

IMF's 7.4% growth forecast for India in FY19 a boost to Modi govt

Tue, Jan 23, 2018

IMF in its World Economic Outlook update, January 2018, said that India will grow 7.4% and 7.8% in FY19 and FY20, respectively.

China's debt crackdown hits cash loan providers

China's debt crackdown hits cash loan providers

Sat, Dec 02, 2017

Led by companies such as Qudian Inc and PPDAI Group Inc, the Chinese micro-lenders raised $1.2 billion with splashy U.S. listings, cashing in on a boom in borrowing by consumers in China with little access to traditional banks.

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