Page 20 - China Economy

Xi seeks deeper ties, says China will keep opening service firms to world

Xi reiterated that China would develop a "negative list" for services industries, which would allow foreign firms to enter areas that aren't on the list. He did not say when the list would be released

How a 'Lone Wolf' tycoon created 68 millionaires with his water empire

Based on the HK$21.50 ($2.77) pricing, Zhong's 84% post-IPO stake in Nongfu is valued at $26 billion, putting his net worth at $38 billion

China's mega banks post worst profit slump in a decade on bad debt wave

Pressured by the government to lend to businesses, loans and advances at the four big banks rose between 7% and 10% in the first half, even though bad debt surged

China injects $101 billion to ease liquidity, holds interest rate

The People's Bank of China (PBoC) added 700 billion yuan ($101 billion) of one-year funding via the medium-term lending facility

China's new bank loans fall further, but broad credit growth quickens

Analysts polled by Reuters had predicted new yuan loans would fall to 1.20 trillion yuan in July. The new loans were lower than 1.06 trillion yuan a year earlier

China's July iron ore imports hit record high on robust demand; up 24%

China's iron ore imports in July surged to a record, up 24% from a year earlier, driven by shipments from miners and resilient demand as the economy bounced back after disruptions from pandemic

Urged by central bank, China weighs antitrust probe into Alipay, WeChat Pay

Any investigation would likely dampen enthusiasm for Ant Group's planned dual listing in Hong Kong and Shanghai that is seeking a valuation of more than $200 billion

China pledges policy support in H2 amid 'complex' economic situation

"Many problems facing China are expected to exist for the medium- to long-term. (We) must have the mindset to fight a long-term battle," it added

China's economy grows 3.2% as virus lockdowns for coronavirus are lifted

China, where the coronavirus pandemic began in December, was the first economy to shut down

China's services sector grows at fastest pace in over a decade in June

China's services sector expanded at the fastest pace in over a decade in June as the easing of coronavirus-related lockdown measures revived consumer demand, though companies continued to shed jobs.

China factory activity improves in June but exports weak on poor demand

China's manufacturing activity improved in June after anti-virus controls were eased to revive the economy but export demand was weak, a survey released Tuesday showed.

Economic cost of misadventure in Ladakh will be massive for China: Experts

The experts have also referred to China's tariff war with the US, growing bickering with Australia on trade-related issues and the fast deteriorating situation in Hong Kong

China's May industrial output rises 4.4% as economy struggles to recover

Retail sales fell 2.8 per cent on-year, more than a predicted 2.0 per cent decline

China's May factory activity dampens as weak demand curbs output

Higher spending, particularly on infrastructure, is expected to give activity a solid boost in the second half of the year and into 2021

The economic crisis and India's role in post-coronavirus multilateralism

The world gross domestic product is expected to contract by 3%, international trade may decline by up to 32%, and 49 million people could slip into extreme poverty

Covid-19 crisis: Donald Trump may tax firms manufacturing outside US

In an interview with Fox Business News, Trump said taxation was an incentive for companies to return manufacturing bases to the US.

China's 'OK boomer': Generations clash over the nation's future

The conflict enjoying out throughout the Chinese language web over the previous week quantities to a debate about the way forward for the world's different superpower

China's exports, imports set to post double-digit declines in April: Report

Shipments out of China are likely to have fallen 15.7 per cent in April from a year earlier, according to a median estimate from the survey of 28 economists

World coronavirus dispatch: China prepares for full-blown global offensive

From Spain and Italy relaxing lockdowns to Russia hitting a new daily high for cases, and Trump backing claim that coronavirus emerged out of Wuhan lab - read these and more in today's world dispatch

China's central bank conducting tests of digital yuan payment in 4 cities

The DC/EP system remains in a period of research and development, and that the pilots do not mean the PBOC has officially issued digital yuan