Page 12 - China Economy

China's answer to rising sea levels, food insecurity: 'seawater rice'

Chinese scientists have developed salt-tolerant strains of rice and planned to feed 80 mn people

China's new crackdown shows $1.5 trillion tech rout not over yet

Hong Kong's Hang Seng Tech Index, which tracks mainland's biggest tech companies, tumbled the most in three weeks

China Jan auto sales post first monthly rise after eight months of falls

Sales of new energy vehicles (NEVs) in January reached 431,000, for an annual increase of 135.8%, according to the data

Chinese city cuts home down-payment ratio in bid to boost demand

Regulatory curbs on borrowing have driven China's property sector -- a major economic growth driver -- into a sharp downturn, squeezing the cash-flow of many developers and chilling buyer sentiment

China's finance minister vows more fiscal support ahead of party congress

The key once-in-five-years party congress will be held in autumn this year, when Chinese President Xi Jinping is widely expected to be confirmed for a third five-year term

New regulations hit China in global tech, media and telecom IPO market

Regulatory crackdown in China has shrunk the country's share in the global tech, media and Telecom (TMT) IPO market by 9% last year, a new report showed on Wednesday.

China seen rolling over medium-term loans, rate change not expectedin

The PBOC said on Friday it would keep liquidity reasonably ample and step up financing support for key sectors and weak links of the economy, but not resort to 'flood-like' stimulus

George Soros warns against investing in China amid real estate crisis

Soros said that President Xi Jinping may not be able to restore confidence in the troubled industry, which has been hit by a series of defaults by developers and falling prices for land and apartments

Credit Suisse expects 50 bps cut in China's RRR in the first half of 2022

Credit Suisse also raised its rating to 'overweight' on Chinese equities, from 'benchmark' earlier.

China's Dec industrial profits grow slowly; central bank support likely

Figures for the whole of last year show a rebound, with industrial profits surging 34.3% to $1.37 trillion.

China Evergrande shares fall as restructuring plan disappoints creditors

The group's communication with creditors comes against the backdrop of Beijing tightening control over it.

Apple again becomes top smartphone player in China after six years

Apple has surpassed all local smartphone rivals in China in the fourth quarter (Q4) 2021 to become the top brand in China after six years when the iPhone 6 super-cycle was at its peak, a report showed

Investors seek refuge in China as Fed, inflation roil other markets

Major central banks are preparing to withdraw the excess stimulus measures of the past couple of years.

Xi Jinping's Covid defence strategy gets weaker with every Omicron case

China hasn't been Covid Zero for months, and with every new mutation, the stakes rise for its President and the rest of the world.

China car sector falling short of 2060 'net zero' goals: Greenpeace

Country needs to bring zero emissions vehicle sales to 63% by 2030 and 87% by 2035 if it is to meet its targets, says environmental group.

China tops forecasts with 8.1% growth in 2021 but headwinds loom

Growth in the fourth quarter hit a one-and-a-half-year low, government data showed on Monday

China's economy grows 8.1% in 2021, expands 4% in the last quarter

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.

Prez Xi stresses on national security as he gears up for 3rd term in power

Chinese President Xi Jinping has called for greater efforts to safeguard national political security and social stability as he gears up for an unprecedented third term in power this year.

China's overnight money rate jumps to 4-month high, policy rate in focus

China's short-term money rates jumped to four-month highs on Thursday, driven up by rising seasonal cash demand

China's auto sales fall for eighth straight month in Dec amid chip shortage

China's auto sales in December fell 1.6% from a year-ago period, the eight consecutive monthly drop, industry data showed