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Page 6 - China Economy

Bailout euphoria by IMF signals peak of pessimism in emerging markets

The IMF has been sewing up or inching toward loan agreements with some of the most vulnerable nations -- namely Pakistan, Sri Lanka, Zambia, Egypt and Chile -- after months of negotiations

Bailout euphoria by IMF signals peak of pessimism in emerging markets
Updated On : 12 Sep 2022 | 8:15 AM IST

Global recovery is sending flares as manufacturing takes a hit in Asia

All the attention devoted to inflation slaying is muting some disturbing signs on the growth side of the equation

Global recovery is sending flares as manufacturing takes a hit in Asia
Updated On : 12 Sep 2022 | 8:06 AM IST

China's consumer inflation moderates in Aug as lockdowns suppress spending

The consumer price index rose 2.5% from a year earlier, the National Bureau of Statistics said Friday, down from 2.7% gain in July

China's consumer inflation moderates in Aug as lockdowns suppress spending
Updated On : 09 Sep 2022 | 9:42 AM IST

China's export growth sinks in August; imports shrink due to dip in demand

China's export growth weakened in August and imports shrank as high energy prices, inflation and anti-virus restrictions weighed on global and Chinese consumer demand. Exports rose 7% over a year ago to USD 314.9 billion, barely one-third of July's 18% expansion, customs data showed Wednesday. Imports contracted by 0.2% to USD 235.5 billion, compared with the previous month's already weak 2.3% growth. Demand for Chinese exports has softened as economic activity in Western markets slowed and the Federal Reserve and central banks in Europe and Asia raise interest rates to cool surging inflation. At home, repeated closures of cities to fight virus outbreaks has weighed on consumer spending. The slowdown in China's export sector is adding to headwinds for the Chinese economy, said Rajiv Biswas of S&P Global Market Intelligence in a report. Lack of import growth highlights continued weakness of Chinese domestic demand. Growth in the world's second-largest economy fell to 2.5% in the ...

China's export growth sinks in August; imports shrink due to dip in demand
Updated On : 08 Sep 2022 | 12:56 AM IST

China's economy hammered but Covid testing firms post record profits

China's zero-Covid strategy of endless testing and lockdowns has hammered its economy and taken a toll on company profits, but it has delivered a windfall for test makers, a media report said

China's economy hammered but Covid testing firms post record profits
Updated On : 07 Sep 2022 | 11:08 PM IST

Chinese firms' net profit dips amid zero-Covid policy, real estate crisis

Chinese company profits are collapsing like 2020 again and are suffering one of its worst earnings recessions on record, reported CNN

Chinese firms' net profit dips amid zero-Covid policy, real estate crisis
Updated On : 03 Sep 2022 | 9:34 AM IST

World stocks eye 3% weekly loss, dollar sky high before US jobs data

Fresh lockdowns in China are also fuelling concerns about global growth, while high energy costs as a result of the war in Ukraine are weighing on European markets

World stocks eye 3% weekly loss, dollar sky high before US jobs data
Updated On : 02 Sep 2022 | 3:54 PM IST

China's new home prices fall marginally in August due to weak demand

New home prices in 100 cities fell 0.01% from a month earlier, unchanged from July, according to survey data released on Thursday by China Index Academy

China's new home prices fall marginally in August due to weak demand
Updated On : 01 Sep 2022 | 9:37 AM IST

China to publish detailed economic policy steps in early September

The government will lay out detailed plans to implement the 19 new policies it announced last week to support growth

China to publish detailed economic policy steps in early September
Updated On : 01 Sep 2022 | 9:25 AM IST

Heatwaves, Covid cases scald China's manufacturing activity in August

Covid cases, property sector woes also keep PMI below 50 in August

Heatwaves, Covid cases scald China's manufacturing activity in August
Updated On : 01 Sep 2022 | 1:19 AM IST

Four of six major economies miss growth estimates including India: NSO

The results were even lower than the 14.5 per cent estimate given by the RBI's Survey of Professional Forecasters on Macroeconomic Indicators in August.

Four of six major economies miss growth estimates including India: NSO
Updated On : 01 Sep 2022 | 12:35 AM IST

China bad debt managers see earnings tank on deepening property losses

China's distressed-debt managers have been in turmoil as aggressive lending to embattled developers and unchecked expansion into other areas has beset the $730 billion funds with heavy credit losses

China bad debt managers see earnings tank on deepening property losses
Updated On : 30 Aug 2022 | 7:30 AM IST

China's growth prospects weaken as economists cut 2023 forecasts

Growth projections for the first three quarters of next year were also lowered -- by 0.1-0.4 percentage points -- although the median for the whole of 2023 remained unchanged at 5.2%

China's growth prospects weaken as economists cut 2023 forecasts
Updated On : 30 Aug 2022 | 12:32 AM IST

Covid-19 curbs must change to help economy, says Chinese think tank

A Chinese think tank issued a rare public disagreement on Monday with the ruling Communist Party's severe zero COVID policy, saying curbs that shut down cities and disrupt trade, travel and industry must change to prevent an economic stall. The Anbound Research Center gave no details of possible changes but said President Xi Jinping's government needs to focus on shoring up sinking growth. It noted the United States, Europe and Japan are recovering economically after easing anti-disease curbs. Preventing the risk of economic stall should be the priority task," the think tank said in a report titled, It's Time for China to Adjust Its Virus Control and Prevention Policies. Even such mild public disagreement with official policy is almost unknown in a politically sensitive year when Xi, China's most powerful leader since at least the 1980s, is expected to try to extend his time in office. The report, dated Sunday, was posted on the Anbound Research Center's accounts on the popular WeC

Covid-19 curbs must change to help economy, says Chinese think tank
Updated On : 29 Aug 2022 | 4:50 PM IST

China's bad debt funds are no white knights for its crumbling real estate

Aggressive lending to embattled developers during the sector's boom years has beset the $730 billion funds with heavy credit losses, sending their bonds tumbling

China's bad debt funds are no white knights for its crumbling real estate
Updated On : 27 Aug 2022 | 8:17 AM IST

China's industrial profits decline 1.1% in first 7 months of 2022

China's economic slowdown deepened in July, with retail sales, industrial output and investment all missing economist estimates

China's industrial profits decline 1.1% in first 7 months of 2022
Updated On : 27 Aug 2022 | 8:01 AM IST

How China plans to spend $1 trn on infrastructure to boost economy

To help boost the economy, Beijing is targeting investments in new energy projects, high-speed rail and water tunnels

How China plans to spend $1 trn on infrastructure to boost economy
Updated On : 26 Aug 2022 | 9:39 AM IST

TMS Ep246: Hybrid cars, China's property crisis, RIL AGM, Benami law

Are hybrid cars a better solution for India than EVs? Can China's real estate crisis crash the global economy? RIL's 45th AGM: What should investors expect? What is Benami law? All answers here

TMS Ep246: Hybrid cars, China's property crisis, RIL AGM, Benami law
Updated On : 26 Aug 2022 | 8:00 AM IST

Can China's real estate crisis crash the global economy?

Chinese real estate bubble is finally bursting. People are hitting the roads in protests while the government is trying hard to douse the flames. Here's an insight into the brewing crisis in China

Can China's real estate crisis crash the global economy?
Updated On : 26 Aug 2022 | 7:00 AM IST

Chinese firm Evergrande's fall should also serve as a warning to Vietnam

China Evergrande Group's debt blowup, with the tumbling home prices and mortgage boycotts that followed, have sent the economy into its deepest spin since the Cultural Revolution

Chinese firm Evergrande's fall should also serve as a warning to Vietnam
Updated On : 23 Aug 2022 | 8:31 AM IST