Page 14 - China Economy

China promises tax cuts, support as it scrambles to control global message

A statement issued after an annual planning meeting led by President Xi Jinping called for "maintaining stability"

Chinese conglomerate HNA cedes control of core airline operations

The handover is the latest step in the long dissolution of one of China's biggest conglomerates

Chinese govt thinktank proposes growth target of above 5% for 2022

China's top government thinktank on Monday recommended the government set an economic growth target of above 5% for next year as the economy slows due to Covid-19 cases and high commodity prices.

Disclose more information or delist, SEC diktat for Chinese companies

Didi set to leave New York, make HK debut

Citigroup applies for China securities license, to hire 100: WSJ report

The bank recently submitted its application to the China Securities and Regulatory Commission, says report.

China's yuan firms despite weaker mid-point, but downward pressure builds

The strength comes even after the People's Bank of China set the midpoint rate at 6.3738 per dollar prior to market open.

China basks in Covid Zero approach as other nations scramble for Omicron

Country closed border indefinitely at the beginning of the pandemic, intensifying its stringent curbs ever since.

China carbon emissions fall for first time since Covid rebound, report says

The world's biggest emitter of greenhouse gases saw CO2 emissions drop by around 0.5% in July-September from a year earlier.

China's meat imports drop to 20-month low in October: Customs data

Shipments in the first 10 months of 2021 were 8.05 million tonnes, down 1.5% from last year's volumes, the data showed.

China Oct exports beat forecasts, offer buffer to slowing domestic economy

Imports, however, missed analysts' expectations, likely pointing to the overall weakness in domestic demand.

China's nonferrous group suggests commercial reserves for metals: Report

China should improve its capability to secure nickel and cobalt resources and set up commercial reserves for the metals, an official with the China Nonferrous Metals Industry Association said.

China's services sector activity expands at faster pace in October

The improved readings in the private survey, focuses more on small firms in coastal regions, stood in contrast to an official survey, which showed the expansion in the services sector lost some steam.

Yahoo leaves China for good, cites 'challenging' environment

The company stopped providing content for users in mainland China as of November 1, according to a statement published on its website

Asian factories shake off lockdown blues, now face supply headaches

Factory activity in October expanded in Vietnam, Indonesia and Malaysia as operations gradually normalised after being hit by shutdowns caused by a spike in COVID-19 infections.

Two thirds of China's top developers breach state's 'red line' on debt

Developers are facing rising financial stress as stricter rules around borrowing and a deleveraging campaign weigh on the sector.

China factory activity contracts for second month as input woes continue

The official manufacturing Purchasing Manager's Index (PMI) was at 49.2 in October, down from 49.6 in September.

China to strengthen tax reforms to attain 'common prosperity': Xinhua

China will "strengthen adjustments" in tax collection to boost revenue

Evergrande secures more than 3-month extension on defaulted $260 mln bond

The extension on the defaulted bond offers respite to the developer

Chinese property bonds firm after Kaisa and Sunac make coupon payments

Chinese property bonds remained firm on Tuesday after the two major developers made coupon payments

Power crunch, chip shortage, green goal: China's challenges are growing

State planners have to balance their industrial ambitions with focus on lowering energy consumption and carbon emissions.