China Gdp

With an eye on the Indian Ocean, China planning radar base in Sri Lanka

The radar base will focus on monitoring the activities of the Indian Navy, apart from attempting to evaluate India's strategic assets in South India

India will help Sri Lanka in oil sector despite recent changes: Officials

Colombo awards licences to three foreign firms, including a Chinese one, to operate in retail fuel market

India to outperform Asian, EM peers; high valuation a challenge: Chris Wood

Will remain slightly Overweight India in the Asia Pacific ex-Japan relative-return portfolio, says Christopher Wood, global head of equity strategy at Jefferies in his GREED & Fear note to investors.

China's new Premier Li says achieving 5% GDP target this year not easy

China's new Premier Li Qiang on Monday said achieving the five per cent GDP target for the slowing down economy is not an easy task and requires redoubled efforts but assured the country's tattered private sector better environment, broader space for development. Li Qiang, the long-term aide of Chinese President Xi Jinping who succeeded Li Keqiang, in his first press conference, drew on Chinese folklore to demonstrate the country's resilience in the face of difficulties but concedes the economy faces challenges. He acknowledged that achieving the 2023 gross domestic product (GDP) growth target of around five per cent for this year on the current high base of China's economic output is not an easy task and requires redoubled efforts. Playing down the importance of GDP, he said most people do not keep their eyes on GDP growth all the time. China, the world's second-largest economy, last year reported a three per cent GDP, the lowest in decades and the target of about five per cent se

Tibet has lowest literacy among all provinces in China: Delhi think tank

New Delhi-based think-tank Organisation for Research on China and Asia (ORCA) has published an interactive dashboard on China's Census

China's estimated GDP growth rate out of reach for Beijing: WB report

Amid multiple domestic and international reverses due to its zero-Covid policy and assertiveness, China is unlikely to meet its estimated GDP growth rate, according to World Bank

China's budget deficit hits record $1.1 trillion on Covid zero slump

The lockdowns, testing and quarantine rules that were key to the Covid Zero policy put a strain on consumer and business spending, pushing the economy close to contraction in the second quarter

Centre to review Covid situation as cases rise in China, other nations

Health ministry asks states to ramp up genome sequencing

China's Covid-19 outbreak has US worried about new mutations of virus

Chinese cities are witnessing a wave of Covid-19 cases, with concerns growing that the government may be hiding the true toll of the virus

India has to compete to gain from 'China Plus One' strategy: Eswar Prasad

Companies, investors around the world looking at India's policy trajectory, says the professor of trade policy at Cornell University

IMF may cut its China growth forecast as Covid curbs continue: Chief

The Washington-based crisis lender sees Chinese gross domestic product expanding 3.2% this year and 4.4% in 2023

Covid-19 China: Consumer revenue will fall this quarter, warns iPhone maker

The company, known also as Foxconn, reported earnings that missed estimates for the third quarter and said revenue growth will be flat for the current three-month period

China's daily Covid cases jump to six-month high as outbreaks flare

The country reported 5,436 cases for Sunday, up 27% from the day before to the most since May 2, when Shanghai was in the midst of its months-long lockdown.

Workers leave biggest iPhone plant in China to escape Covid curbs

At least six counties and cities in Henan asked residents who just left Foxconn to contact local authorities before going home. Workers will be sent to several days of mandatory isolation: Officials

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

Chinese govt delays GDP data release due Tuesday, no reason given

The National Bureau of Statistics updated its release schedule on Monday, with the dates for major economic indicators due this week marked as delayed

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 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 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's recovery wobbles as drought, global slowdown add to risks

China's economy continued to recover in August but warning signs are flashing across a number of fronts as drought and weaker global demand add new risks to growth prospects