Chinese Economy

Located 50 km from Shanghai, Kunshan used to boast up to 30 per cent higher wages than other provinces, but now the companies there are cutting back their production amid the slowing economy of China

Some analysts expect China's recovery may not be enough to offset headwinds from weak global demand and supply constraints for export-reliant economies in the region

Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 6.1 per cent year on year to 268.44 billion yuan in the first two months of 2023

The Organization of the Petroleum Exporting Countries (OPEC on Tuesday further raised its forecast for Chinese oil demand growth in 2023 due to the relaxation of the country's COVID-19 curbs

China unveils a new government and an altered economic strategy

India should welcome investments looking for alternatives

Hindalco, Vedanta and Hindustan Zinc remain upbeat about future demand

Economic revival may not sustain

This is the slowest growth of China's economy since the 2.3 per cent registered in GDP in 1974

India forecast remains unchanged for FY24

The Chinese economy is reopening after a Covid-19 resurgence killed tens of thousands of people and shuttered countless businesses

Asian shares were mostly lower Tuesday after China reported its economy expanded at a 3 per cent pace last year, less than half 2021's rate. Tokyo advanced while most other regional markets declined. Investors are watching to see if Japan's central bank will alter its longstanding policy of keeping its key interest rate at minus 0.1 per cent when it wraps up a policy meeting on Wednesday. US futures fell after markets on Wall Street were closed Monday for a holiday, while oil prices were mixed. The Chinese economy is gradually reviving after antivirus controls and a real estate slump dragged on growth last year. Restrictions that kept millions of people at home have been lifted, but a surge in COVID-19 infections is keeping consumers cautious about travel, shopping and dining out. Data reported Tuesday showed growth of the world's second largest economy slid to 2.9 per cent over a year earlier in December from the previous months 3.9 per cent. The government has begun to soften a .

Brent crude futures had risen 16 cents, or 0.2%, to $84.62 by 0414 GMT, recouping some of the 1% loss of the previous session

Here is the best of Business Standard's opinion pieces for today

Investors have responded well to bits of optimistic news since late October, but no one can be certain that there is money to be made in China

Official data over the weekend showed the decline in manufacturing worsened last month, while activity in the services sector plunged the most since February 2020

China's abrupt reversal of its Covid Zero policy pushed economic activity - its service sector in particular - to the slowest pace since February 2020, as the virus swept through major cities

A decisive transition may help pull consumer and business sentiment away from near-record lows, shake the property market out of its slumber and accelerate auto sales

China is woefully underprepared for the chaos that is inevitably unfolding since the Covid controls were lifted, as seen in other countries, the media reported on Friday

Following the recent abrupt end to Covid Zero controls, more cities have been hit by an exit wave of infections in the past week, leading to crowded hospitals and queues at funeral parlors