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Chinese Economy

Chinese economy posts 5.2% GDP growth amid slowdown concerns

Chinese economy posts 5.2% GDP growth amid slowdown concerns

Wed, Jan 17, 2024

The country's GDP touched a record 126.06 trillion yuan (about USD 17.71 trillion) in 2023, according data from China's National Bureau of Statistics (NBS).

Chinese economy in distress, its model is 'broken': Report

Chinese economy in distress, its model is 'broken': Report

Mon, Aug 21, 2023

China economy news: The Wall Street Journal in a major Sunday story wrote that economists now believe China is entering an era of much slower growth, made worse by unfavourable demographics and a widening divide with the US and its allies.

China's premier says economic growth is accelerating and the country can hit its 5% target this year

China's premier says economic growth is accelerating and the country can hit its 5% target this year

Tue, Jun 27, 2023

Consumer and factory activity weakened in May and record-setting youth unemployment spiked up.

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China cuts short-term borrowing costs to support recovery

China cuts short-term borrowing costs to support recovery

Tue, Jun 13, 2023

The People's Bank of China (PBOC) cut its seven-day reverse repo rate by 10 basis points to 1.90% from 2.00% on Tuesday, when it injected 2 billion yuan ($279.97 million) through the short-term bond instrument.

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.

China's $175bn defence budget three times higher than India's

China's $175bn defence budget three times higher than India's

Mon, Mar 05, 2018

China's defence budget: China has the world`s largest standing Army and spends the most on defence after the US in the world. President Xi Jinping has vowed to make the Chinese Army a modern force by cutting down its troops.

China fourth-quarter GDP grows 6.8% year-on-year, beats expectations

China fourth-quarter GDP grows 6.8% year-on-year, beats expectations

Thu, Jan 18, 2018

Chinese policymakers have been trying to contain financial risks and slow an explosive build-up in debt without stunting economic growth.

Oil prices close to mid-2015 highs, but doubts over further rises loom

Oil prices close to mid-2015 highs, but doubts over further rises loom

Wed, Jan 03, 2018

Brent crude futures - the international benchmark for oil prices - were at $66.55 a barrel, down 2 cents but still not far off the $67.29 May 2015 high from the previous day.

China third quarter GDP growth likely to cool as property, debt curbs bite

China third quarter GDP growth likely to cool as property, debt curbs bite

Thu, Oct 19, 2017

China is expected on Thursday to post a modest slowdown in third quarter economic growth from the previous quarter as the government`s efforts to rein in the property market and debt risks weigh on activity in the world`s second-largest economy.

China factory growth fastest in three months as new orders, output rise

China factory growth fastest in three months as new orders, output rise

Fri, Jun 30, 2017

China`s manufacturing sector expanded at the quickest pace in three months in June, buoyed by strong production and new orders, reassuring news for authorities trying strike a balance between deleveraging and keeping the economy on an even keel.

China May factory activity contracts for first time in nearly a year -Caixin PMI

China May factory activity contracts for first time in nearly a year -Caixin PMI

Thu, Jun 01, 2017

The findings sharply contrast with official readings on Wednesday which showed steady manufacturing growth, but the Caixin report tends to focus on smaller firms which are not believed to be benefiting as much from a construction boom as large state-owned companies and industries such as steel mills.

China April industrial profits up 14% but slowing pace stokes economy worries

China April industrial profits up 14% but slowing pace stokes economy worries

Sat, May 27, 2017

Chinese industrial firms have reported 14% rise in profit for April this year but has slowed down as compared to March month on back of falling prices of finished products, raw material costs and slower profit growth of industries like steel, autos and chemicals.

Moody's downgrades China rating to A1 from Aa3, cites slow econominc growth as reason

Moody's downgrades China rating to A1 from Aa3, cites slow econominc growth as reason

Wed, May 24, 2017

Moody's downgrades China rating to A1 from Aa3, cites slow econominc growth as reason. Watch complete news story for getting the detailed updates from stock market!

China's second-quarter GDP growth seen at around 6.8%, says State Information Center

China's second-quarter GDP growth seen at around 6.8%, says State Information Center

Sat, May 20, 2017

China's economic think tank the State Information Center has recently said in an article that the country's economy is likely to expand around 6.8% in the second quarter of 2017.

China's first quarter GDP growth picks up to 6.9%, beats forecast

China's first quarter GDP growth picks up to 6.9%, beats forecast

Mon, Apr 17, 2017

Analysts polled by Reuters had expected the world`s second-largest economy to have expanded by a steady 6.8% in the quarter, the same pace as in the fourth quarter of 2016.

China does not want to see trade war with US - Premier Li

China does not want to see trade war with US - Premier Li

Wed, Mar 15, 2017

US media have reported that US President Donald Trump and Chinese President Xi Jinping will meet in Florida next month.

China's February service sector growth slows to 4-month low as competition gets fierce: Caixin PMI

China's February service sector growth slows to 4-month low as competition gets fierce: Caixin PMI

Fri, Mar 03, 2017

China's services sector expanded at the slowest pace in four months in February, with new business still growing at a solid rate but increasing competition making it harder for companies to raise prices, a private survey showed.

China banks extend record 12.65 trillion yuan in loans in 2016 as debt worries mount

China banks extend record 12.65 trillion yuan in loans in 2016 as debt worries mount

Thu, Jan 26, 2017

China's banks have extended a record 12.65 trillion yuan ($1.84 trillion) of loans in 2016 as the government encouraged more credit-fueled stimulus to meet its economic growth target.

China steps up capital controls, tightens investment rules for state firms

China steps up capital controls, tightens investment rules for state firms

Wed, Jan 18, 2017

China issued regulatory rules on outbound investments by centrally-controlled state firms, the state asset regulator said on Wednesday, the latest move by Beijing to tighten controls on money moving out of the country and stabilise a faltering yuan.

China to target around 6.5% economic growth in 2017: Sources

China to target around 6.5% economic growth in 2017: Sources

Mon, Jan 16, 2017

China will lower its 2017 economic growth target to around 6.5% from last year`s 6.5-7%, policy sources said, reinforcing a policy shift from supporting growth to pushing reforms to contain debt and housing risks.

China central bank adviser calls for flexible 2017 growth target

China central bank adviser calls for flexible 2017 growth target

Sun, Jan 01, 2017

The Chinese government should set a more flexible target for economic growth this year to give more space for reform efforts, a central bank adviser told the official Xinhua news agency in comments published on Sunday.

China to relax curbs on foreign investment in banking, securities

China to relax curbs on foreign investment in banking, securities

Fri, Dec 30, 2016

China will focus on freeing up foreign investment in banking, insurance, securities and futures as part of a wider opening up of the services sector, the country`s state planner said in a document on Friday.

China's November industry profits grow well, but chance to sustain gains clouded

China's November industry profits grow well, but chance to sustain gains clouded

Tue, Dec 27, 2016

China`s industrial sector showed the strongest profit growth in three months in November, suggesting the world`s second-largest economy was improving, though policymakers noted gains were too dependent on rebounding prices for oil products, iron and steel.

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