China to unveil bigger tax and fee cuts this year and step up payments to local governments to offset their hit to revenues, Finance Minister Liu Kun said, amid efforts to support a slowing economy.
China has undergone history-making transformation since the last time it was an Olympic host in 2008: It is richer, more heavily armed and openly confrontational.
Asian share markets were choppy on Monday as a slew of Chinese economic data confirmed the deadening effect of coronavirus restrictions
China's economy grew by 8.1% in 2021 after an abrupt slowdown in the second half that is prompting suggestions Beijing needs to shore up slumping growth.
Export growth beats expectations; some analysts point to import slowdown
Activity in China's services sector expanded at a faster pace in December amid higher demand and easing inflationary pressure, a private sector survey showed
The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) rose to 50.9 in December - its highest level since June
China's 10-year government bond yield fell two basis points to 2.795 per cent as of 4:40 pm in Shanghai
China's economic growth has been given a bleak picture by World Bank's report on Wednesday as the world's second-largest economy faces mounting headwinds
China's economy is expected to grow around 5.3% in 2022, bringing the average annual growth rate forecast for 2020-2022 to 5.2%, the Chinese Academy of Social Sciences, a top govt think tank, said
The Caixin/Markit services PMI fell to 52.1 in November from 53.8 in October, but remained above the 50-point mark that separates growth from contraction on a monthly basis
A sub-index for output showed production shrank for the third consecutive month and at a faster rate than in September.
Growth in new orders cooled in October, as the index retreated to 51.6 from 52.2. New export orders were 49.9 in October, pointing to a contraction, from 50.2 in September.
Liabilities at industrial firms rose 8.2% from a year earlier at end-September, down from 8.4% growth as of end-August.
China will "strengthen adjustments" in tax collection to boost revenue
China Evergrande Group said on Sunday it had resumed work on the projects in Shenzhen, Dongguan and other cities
The property giant's success mirrored the country's transformation from an agrarian economy to one that embraced capitalism. Its struggles offer a glimpse of a new financial future
Citigroup too expects Beijing to help out Evergrande Group, the world's most indebted developer.
Brent crude was down 58 cents, or 0.8%, at $70.01 a barrel by 0943 GMT. US oil fell by 64 cents, or 0.9%, to $67.80. Both contracts dropped by more than $1 earlier in the session
China's economic growth will soften this year due to summer flooding and anti-coronavirus controls, an official said Monday, after consumer sales and other activity weakened in July