China Economic Growth

Oil prices were mixed on Tuesday after China posted its weakest economic growth in nearly half a century, while its late-22 U-turn in Covid policy

Amid multiple domestic and international reverses due to its zero-Covid policy and assertiveness, China is unlikely to meet its estimated GDP growth rate, according to World Bank

Beijing has pledged to expand fiscal spending as part of efforts to boost economic growth

Revival in China's economic growth and policies could shrink this premium

China's abrupt ending of its Covid Zero policy injects more uncertainty into an already fragile economy, raising the prospect of looser fiscal and monetary policy

The economy is expected to face bigger pressure from spiking Covid cases in the early stages of China's reopening

Manufacturing PMI at 48 for Nov against 49.2 a month ago, services sector activity fell to 46.7

The economy is suffering increasing damage from tightened virus controls as Covid outbreaks spread in every province

Data shows that spike in one country has not coincided with a rise in the other

If China pushes back its economic reopening to the first half of 2024, an anticipated recovery in private consumption will be delayed, says the report

China's economy is expected to grow around 3% this year, missing its target of about 5.5%

Boeing and Airbus SE are both in the running for what could be one of the largest aircraft deals ever as formerly state-run Air India Ltd. is overhauled by new owner Tata Group

The company, known also as Foxconn, reported earnings that missed estimates for the third quarter and said revenue growth will be flat for the current three-month period

Both the official manufacturing purchasing managers index and the non-manufacturing gauge, which measures construction and services activity, fell in the month to 49.2 and 48.7, respectively

Growth is now expected to be below 5% for each year through 2024, the latest Bloomberg survey of economists shows

The data is further evidence of the toll China's Covid Zero strategy is taking on consumer spending and the economy.

With expectations low for an imminent shift away from the Covid-Zero policy, some investors are limiting their exposure to reopening shares

Goldman Sachs cut its 2023 economic growth forecast for China sharply, predicting Beijing will stick to its stringent Covid Zero policies through at least the first quarter of next year

The Asian Development Bank cut its growth forecast for China and also lowered its outlook for developing Asia amid rising interest rates, a prolonged war in Ukraine and Beijing's Covid Zero policy

Industrial production growth accelerated to 4.2%, the National Bureau of Statistics said Friday, beating economists' forecast of a 3.8% increase