Page 11 - China Economy

China manufacturing falls to 5-month low as anti-virus controls tighten

China's manufacturing activity fell to a five-month low in March after most of Shanghai and two other industrial centres were shut down to fight coronavirus outbreaks, a survey showed Thursday.

China tries to limit economic blow of Shanghai shutdown due to Covid surge

As millions of Shanghai residents line up for coronavirus tests in the closed-down metropolis, authorities are promising tax cuts for shopkeepers

Covid-19: China lockdowns costing $46 billion a month, say experts

A worst-case scenario would be a lockdown of all cities for one month, which would cut national GDP by 53 per cent over that period.

Shanghai says will hand out $22 bn in tax relief to firms amid Covid fight

China's Shanghai said it would roll out policies to help the local economy cope with a surge in Covid-19 cases in the city, including offering refunds that will reduce firms' tax burdens by $22 bn

China economy faces worst slowdown since Covid pandemic, says Nomura

China's economy faces its worst downward pressure since the spring of 2020 when it was hit by the first wave of Covid-19, according to Nomura Holdings Inc

Kaisa latest China developer to delay earnings results; shares fall

Company says a coronavirus lockdown in Shenzhen left audit work incomplete so it cannot publish financial results on time.

China's economic slowdown presents major opportunities for India

China's economic slowdown is altering the geo-economic dynamics resulting in creating supply chains and new opportunities for India.

Xi's chances of securing third term looks bleak over economic downturn

Doubts have started emerging over Xi Jinping securing a third term in the autumn of 2022 over loud voices of dissension within the Chinese Communist Party (CCP) due to economic downturn

Three major reasons why the old world order isn't about to collapse

China thinks it will be able to replace the post-1945 system, but history shows that is not going to happen.

China's Xi signals tweaks to Covid strategy as economy under strain

Chinese President Xi Jinping pledged to reduce the economic impact of his Covid-fighting measures, signaling a shift in a longstanding strategy that has minimized fatalities

China stocks rise on govt pledges of support, Ukraine peace talks hopes

Markets took a widely expected rate hike by the US Federal Reserve in stride, despite worries about weakening global growth.

China's GDP may decrease if country continues to impose COVID-19 lockdown

China's GDP growth could decrease by 1-2% if Beijing, in order to fight the COVID-19 outbreak which is highest in the last two years, continues to impose lockdown in large portions of the country.

Ukraine peace talks, China stimulus, US rate rise prospects lift stocks

LONDON (Reuters) - Prospects of peace talks between Russia and Ukraine, Chinese stimulus and an imminent U.S. interest rate rise lifted stocks and U.S. Treasury yields on Wednesday.

China's lockdowns due to Covid surge could threaten half of economy

Widespread lockdowns in China akin to the measures just taken in the southern technology hub of Shenzhen could affect half of the country's gross domestic product

Amidst economic uncertainties, China analysts hopeful of economic growth

Chinese analysts have expressed hope for economic growth in the country even as China faces increased uncertainties.

China premier confident of hitting 2022 growth target as hurdles continue

China rarely misses its economic growth target, but many economists believe the 2022 goal will require additional stimulus to ward off a slowdown.

Coal still at heart of China energy plan after annual parliamentary meeting

Energy security worries have already driven mining output to record highs and seen new coal-fired power plants go into construction.

China's exports, imports grow in double digits in January-February

China's exports rose by double digits in January-February in a sign global demand is reviving while imports also gained despite a downturn in the world's second-largest economy. Exports grew by 16.3% over a year earlier to $544.7 billion in the two-month period, customs data showed Monday. Imports advanced 15.5% to $428.7 billion. Chinese authorities combine trade data for the first two months to screen out fluctuations due to the Lunar New Year holiday, which falls at different times each year in January or February. Factories shut down for up to two weeks, then restock after they reopen. Exports to the United States rose 13.8% over a year earlier to $91.5 billion despite higher U.S. tariffs in a lingering trade war with Beijing. Imports of American goods gained 8.3% to $31.7 billion. That was despite an abrupt slide in Chinese economic activity to 4% over a year earlier in the final quarter of 2021, compared with 8.1% for the full year, due to a crackdown on corporate debt. The

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

China plans bigger tax cuts in 2022 to spur economic growth

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.