Page 2 - China Economic Growth
Fitch cuts India FY23 GDP growth forecast to 7%; world GDP growth at 2.4%
At a more macro level, Fitch now expects world GDP to grow by 2.4 per cent in 2022 - revised down by 0.5 percentage points (ppt) since the June assessment
 "Fitch cuts India FY23 GDP growth forecast to 7%; world GDP growth at 2.4%")
China's trade falters as demand wanes at home, abroad amid rising inflation
China's exports and imports lost momentum in August with growth significantly missing forecasts as surging inflation crippled overseas demand and fresh COVID curbs and heatwaves disrupted output
 "China's trade falters as demand wanes at home, abroad amid rising inflation")
Uyghurs abuse: Why UN is accusing China for 'crimes against humanity'
The extent of arbitrary and discriminatory detention of members of Uyghur may constitute international crimes, in particular crimes against humanity, the UN said
 "Uyghurs abuse: Why UN is accusing China for 'crimes against humanity'")
Bond yields slide as reports tout progress in global listing of Indian debt
A fall of one basis point on the 10-year bond yield corresponds to a rise in price of roughly seven paise
 "Bond yields slide as reports tout progress in global listing of Indian debt")
China's recovery wobbles as drought, global slowdown add to risks
China's economy continued to recover in August but warning signs are flashing across a number of fronts as drought and weaker global demand add new risks to growth prospects
 "China's recovery wobbles as drought, global slowdown add to risks")
How China plans to spend $1 trn on infrastructure to boost economy
To help boost the economy, Beijing is targeting investments in new energy projects, high-speed rail and water tunnels
 "How China plans to spend $1 trn on infrastructure to boost economy")
Yuan has no basis for long-term depreciation, says Chinese state media
The Chinese currency has weakened to two-year lows against the dollar this week, reacting to expectations of further aggressive interest rate hikes from the Fed and a domestic economic slowdown
 "Yuan has no basis for long-term depreciation, says Chinese state media")
Chinese banks inflating loan numbers amid struggle to meet govt demands
Some state-owned Chinese banks are extending loans to companies and then allowing them to deposit funds at the same interest rate
 "Chinese banks inflating loan numbers amid struggle to meet govt demands")
China plans more fiscal stimulus as outlook darkens with rising Covid cases
China's local governments could sell more than $229 billion of bonds to fund infrastructure investment and plug budget gaps
 "China plans more fiscal stimulus as outlook darkens with rising Covid cases")
Tata Steel, Vedanta look strong on charts, may resist China slowdown woes
Technically, probability of metal stocks entering a negative trend remains negligible. A resilient bullish trend seems clearly visible in Tata Steel and Vedanta.
 "Tata Steel, Vedanta look strong on charts, may resist China slowdown woes")
'Too little, too late': China interest rate cut spurs call for more moves
Unlike many advanced economies right now, China's core inflation -- which excludes volatile energy and food prices -- is pretty tame, slowing to merely 0.8% in July
 "'Too little, too late': China interest rate cut spurs call for more moves")
Oil prices fall as China slowdown spurs concern over demand outlook
Weekend data indicated a surprise contraction in Chinese factory activity, highlighting the cost of Beijing's preference for mobility curbs to tackle Covid-19
 "Oil prices fall as China slowdown spurs concern over demand outlook")
IMF revises China's 2022 growth by 1.1%, predicts major global spillovers
"In China, further lockdowns and the deepening real estate crisis have led growth to be revised down by 1.1 percentage points, with major global spillovers," the IMF said
 "IMF revises China's 2022 growth by 1.1%, predicts major global spillovers")
What is the China-plus-one strategy?
India must reorient its trade policy to take advantage of the increasingly popular China-plus-one strategy. Find out why India is struggling to register itself as a favourite investment destination?
 "What is the China-plus-one strategy?")
Xi Jinping reaffirms growth target that analysts say is out of reach
Chinese President Xi Jinping pledged to meet economic targets for the year even as the government's zero tolerance approach to combating Covid outbreaks
 "Xi Jinping reaffirms growth target that analysts say is out of reach")
China's economy shows mixed recovery in May with consumers under strain
The recovery of China's industrial output was helped by a rebound in the car sector as auto production centers like Jilin and Shanghai reopened
 "China's economy shows mixed recovery in May with consumers under strain")
China's economy worse off in some ways than 2020, says Premier
Li Keqiang tells officials to lower nation's unemployment rate; economists expect China to miss growth target this year
 "China's economy worse off in some ways than 2020, says Premier")
Companies marred by payment delays suggest China's slow economic recovery
Firms in 9 out of 13 sectors reported an increase in payment delays, led by agri-food, which recorded the largest increase of 43 days, followed by wood, transport, and textile.
 "Companies marred by payment delays suggest China's slow economic recovery")
China will step up infrastructure construction to boost growth: Xi Jinping
China will step up infrastructure construction to boost domestic demand and drive economic growth going forward, state TV reported on Tuesday
 "China will step up infrastructure construction to boost growth: Xi Jinping")
At 5.5%, China sets lowest economic growth target in decades
China has set its economic growth target at around 5.5 per cent in 2022 as the country's lawmakers and political advisors gathered in Beijing to map out development priorities for this year
 "At 5.5%, China sets lowest economic growth target in decades")
