Page 5 - China Economy
Chinese stocks slide as leadership overhaul disappoints investors
The offshore yuan weakened as much as 0.7% to 7.2782 per dollar Monday morning to approach a record low seen last week
 "Chinese stocks slide as leadership overhaul disappoints investors")
China's economic data shows mixed recovery as unemployment ticks up
Gross domestic product grew 3.9% in the July-to-September period from a year ago, rebounding from almost stagnant growth in the second quarter when Shanghai was still in lockdown
 "China's economic data shows mixed recovery as unemployment ticks up")
Shanghai quietly shuts schools, gyms and bars as Covid-19 returns
The financial hub reported 47 new infections for Wednesday, the most since July 13 when a brief rise in cases revived fears of another general lockdown.
 "Shanghai quietly shuts schools, gyms and bars as Covid-19 returns")
China's services activity drops as Covid-19 lockdowns curb spending
The data is further evidence of the toll China's Covid Zero strategy is taking on consumer spending and the economy.
 "China's services activity drops as Covid-19 lockdowns curb spending")
China's dark eco picture to hinder Xi's quest to secure 3rd term: Experts
Xi's tightened political control in China has posed several challenges to his leadership as communist nation is facing a dark economic picture while economic and social inequality continue to increase
 "China's dark eco picture to hinder Xi's quest to secure 3rd term: Experts")
China looking for new ways to resolve current debt quagmire: Report
After the first version of China's flagship Belt and Road initiative was blocked, Beijing is working on a 2.0 version while being open to accepting some losses on loans and renegotiating debt
 "China looking for new ways to resolve current debt quagmire: Report")
China property stocks, bonds rally post report of $85 bn support from banks
CIFI Holdings Group Co., KWG Group Holdings Ltd. and Agile Group Holdings Ltd. were the top gainers in Hong Kong, up more than 10% each.
 "China property stocks, bonds rally post report of $85 bn support from banks")
China's falling yuan worries Xi Jinping ahead of 20th National Congress
Ahead of the 20th National Congress, the fall of the yuan, also known as Renminbi, is embarrassing for China which always boasts of a strong currency as evidence of its economic stability
 "China's falling yuan worries Xi Jinping ahead of 20th National Congress")
How should India respond to future shocks in an off-balance changed world?
The global engines of growth have become the sources of instability and uncertainty. T N Ninan explores what India should do
China will feel increasingly isolated as supply chains shift: Gautam Adani
China's Belt and Road initiative has run into resistance in many countries, the founder and chairman of Adani Group said at a conference in Singapore
 "China will feel increasingly isolated as supply chains shift: Gautam Adani")
As yuan nears lowest level in 14 yrs, traders brace for more PBOC pushback
The People's Bank of China has already stepped up its currency defense, but it did little to stop the depreciation.
 "As yuan nears lowest level in 14 yrs, traders brace for more PBOC pushback")
China's real estate crisis: CCB to set up $4.2 bn fund to buy properties
The fund will "invest in existing assets" of real estate companies and renovate the properties into rental housing, the lender said in a statement to the Shanghai stock exchange Friday.
 "China's real estate crisis: CCB to set up $4.2 bn fund to buy properties")
Goldman Sachs cuts China's growth forecast for 2023 as Covid Zero stays
Goldman Sachs cut its 2023 economic growth forecast for China sharply, predicting Beijing will stick to its stringent Covid Zero policies through at least the first quarter of next year
 "Goldman Sachs cuts China's growth forecast for 2023 as Covid Zero stays")
ADB cuts outlook for developing Asia growth on slowing China expansion
The Asian Development Bank cut its growth forecast for China and also lowered its outlook for developing Asia amid rising interest rates, a prolonged war in Ukraine and Beijing's Covid Zero policy
 "ADB cuts outlook for developing Asia growth on slowing China expansion")
China's provinces suffer major fiscal hit from nation's Covid Zero policy
China's doubling down on its zero-tolerance stance toward Covid-19 is draining local-government coffers, posing a fresh threat to the economy and bond investors
 "China's provinces suffer major fiscal hit from nation's Covid Zero policy")
China's chip output shrinks as India, US ramp up local manufacturing
As India and the US double down on domestic semiconductor manufacturing, China witnessed its biggest-ever monthly decline in chip manufacturing in August
 "China's chip output shrinks as India, US ramp up local manufacturing")
China's housing prices fall again in August as slump reaches an year
New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.29% last month from July, when they fell 0.11%, National Bureau of Statistics figures showed
 "China's housing prices fall again in August as slump reaches an year")
China's economy shows signs of recovery in August as stimulus ramps up
Industrial production growth accelerated to 4.2%, the National Bureau of Statistics said Friday, beating economists' forecast of a 3.8% increase
 "China's economy shows signs of recovery in August as stimulus ramps up")
China braces for a slowdown even worse than 2020 as growth declines sharply
The consensus in a Bloomberg survey is for the economy to expand 3.5% this year, which would be the second-weakest annual reading in more than four decades
 "China braces for a slowdown even worse than 2020 as growth declines sharply")
China's property bust holds lessons for India
India and China are on the opposite end of the economic cycle in real estate
 "China's property bust holds lessons for India")
