China economy

China's monetary volleys miss key threat to economic growth

China's central bank has shifted to a more aggressive easing stance, but its policy weapons don't have the key enemy to economic growth in their line of sight: the persistently weak consumer demand
25 September 2024, 06:47 AM

China youth unemployment hits 18.8%, highest this year

Youth unemployment in China climbed to 18.8 percent in August, its highest level this year, as the country struggles to boost a flagging economy
22 September 2024, 05:32 AM

China retail sales, industrial production slow in August

Chinese retail sales and industrial production growth slowed in August, official data showed Saturday, as leaders in Beijing seek paths to achieve growth targets despite consumers' reluctance to spend
14 September 2024, 06:03 AM

China consumer prices edge up to six-month high in August

Chinese consumer inflation ticked up slightly in August to a six-month high, official data showed Monday, but the reading missed expectations and did little to soothe worries about sluggish spending in the world's number two economy
9 September 2024, 04:56 AM

China tells US it presents 'opportunity' not 'threat': ministry

Chinese Vice Commerce Minister Wang Shouwen told his US counterpart on Saturday that a modern China was an economic "opportunity" not a "threat" to the United States, the ministry said
8 September 2024, 05:02 AM

China's services activity expansion slows in August, Caixin PMI shows

Growth in China's services sector activity slowed in August despite the summer travel peak, prompting some firms to cut staff amid concerns about rising costs, a private-sector survey showed on Wednesday
4 September 2024, 05:49 AM

As it reins in wasteful investment, China frets over growth

In the first seven months of this year, local governments have issued only 45.5% of their 3.9 trillion yuan special debt quota
29 August 2024, 06:18 AM

China tests cargo drones with 2-tonne capacity

China has recently started testing cargo drones capable of 2-tonne payload capacity, in the hopes of expanding the country's low-altitude economy. Furthermore, the country has also been testing helicopter taxis on their soon-to-open 100-km route to Shanghai.
12 August 2024, 14:23 PM

China's economy falters, raises pressure for more stimulus

China's economy grew much slower than expected in the second quarter as a protracted property downturn and job insecurity knocked the wind out of a fragile recovery
15 July 2024, 12:24 PM

Cash is leaving China again, pressuring yuan

A sliding yuan and extensive outflows of cash from the mainland into Hong Kong show China's domestic investors are shelving expectations for any immediate recovery in their home markets and fleeing to the closest better-yielding assets.
23 June 2024, 13:34 PM

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
11 June 2024, 14:35 PM

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
29 May 2024, 05:57 AM

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
21 May 2024, 05:38 AM

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
11 May 2024, 06:31 AM

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
22 April 2024, 09:26 AM

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
25 March 2024, 06:17 AM

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
10 March 2024, 05:23 AM

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
9 March 2024, 05:36 AM

China trade surges in first two months of 2024

In January and February combined, exports surged 7.1 percent on-year
7 March 2024, 06:36 AM

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
6 March 2024, 09:36 AM