Page 13 - China Economy

China's factory gate inflation slows further after cooling measures

Consumer price inflation also slowed last month as food prices fell, the National Bureau of Statistics (NBS) said in a statement

After backing China Evergrande, this firm is world's worst-performing bank

An ill-fated push into property lending has instead turned China Minsheng Banking Corp. into one of the biggest casualties of the real estate debt crisis that's roiling Asia's largest economy

Huawei ranks 5th in US patents in sign of Chinese growth: Study

Huawei received 2,770 U.S. patents last year, putting it at No. 5 behind perennial top patent-getter International Business Machines Corp.

China stainless steel futures jump amid output cuts, robust nickel prices

Chinese stainless steel futures surged more than 4% on Tuesday, boosted by tight supply hopes as producers cut production

Omicron takes off in China, inches closer to Beijing before winter Olympics

There have been 21 new locally confirmed Covid cases in the city of Tianjin, after two omicron infections were found on Saturday.

Growth in China's Dec services accelerates as inflation eases: Survey

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

China central bank to step up cash injection before Lunar New Year: Report

China's central bank is set to "timely replenish" liquidity shortfalls before the Lunar New Year holiday, the state-owned China Securities Journal said

India questions China's developing country status on per capita basis

According to per capita income level, the Chinese economy belongs to 'upper-middle income' category, argues India

Five things to look for in Asia stocks amid 2022 reversal hopes

The case for a rebound should be aided by lower valuations after the MSCI Asia Pacific Index underperformed its global counterpart by around 20 percentage points last year

Chinese factory activity edges higher in Dec as supply disruptions ease

Chinese factory activity edged higher in December as supply disruptions eased and export demand weakened, a survey showed Friday. The monthly purchasing managers' index issued by the national statistics agency and an industry group gained to 50.3 from November's 50.1 on a 100-point scale on which numbers above 50 show activity accelerating. Chinese manufacturing has been hampered by shortages of some components including semiconductors and disruptions in shipping. Some areas ordered factories to shut down temporarily starting in September to meet official energy efficiency targets. A measure of new orders improved to 49.7 from November's 49.4, according to the China Federation of Logistics & Purchasing and the National Bureau of Statistics, though demand still was weak. An index of export orders sank to 48.1 from 48.5. The overall recovery of China's economy is clearer, economist Zhang Liqun said in a statement issued by the federation. However, he said, the country needs to ...

World economy to surpass $100 trn in 2022, India to overtake France: Study

British consultancy Cebr predicted China will become the world's top economy in dollar terms in 2030, two years later than forecast in last year's World Economic League Table report

China's property distress sours steel sector in warning sign for economy

Steel's acute sensitivity to the ebbs and flows in construction and manufacturing makes it a closely-tracked bellwether for China's economy, which has started to slow down from the second quarter.

After record year of fundraising, Asia IPOs set to face headwinds in 2022

Thanks to a blistering first half amid a global boom, initial public offerings in the region have reached $190 billion so far this year.

Creditors sue China Evergrande Group for $13 billion in claims

A Chinese court assigned to handle civil lawsuits against Evergrande accepted 367 cases

Chinese authorities scrutinising assets of Evergrande Group, its chairman

The audit, previously unreported, highlights how Beijing is taking charge at Evergrande after the real estate giant missed payments on two overseas bonds

China finance minister urges deeper property tax reforms: Report

China's property market has been a key driver of the country's economic growth, but it has been hit this year by tighter regulations and a liquidity crisis

China's factories speed up but new Covid-19 pain hits retailers

The data, along with a slowdown in investment growth, underlines the persistent headwinds facing the economy, which have already prompted policymakers this month to ratchet up support

China Nov crude steel output down 3.2% on month as pollution curbs remain

The world's top steel producer made 69.31 million tonnes of the industrial metal last month, compared with October's output of 71.58 million tonnes

China cen bank injects 500 bn yuan via medium-term loans, rate unchanged

The People's Bank of China (PBOC) said it was keeping the rate on 500 billion yuan ($78.5 billion) worth of one-year medium-term lending facility (MLF) loans steady at 2.95%.

Economy, markets, investing strategy: Nomura's outlook for India in 2022

Within the Asian region, the global research and broking house has maintained an overweight stance on China, Korea and Indonesia for 2022. Thailand and Philippines remain their key underweights.