China Market Meltdown

China's economic growth slumps to one of its worst in nearly 50 years

On a quarterly basis, GDP stalled, coming in at 0.0% in the fourth quarter, compared with growth of 3.9% in July-September

China markets start 2023 with a bang as Covid policy shift hastens

Beijing has pledged to expand fiscal spending as part of efforts to boost economic growth

China's soaring Covid-19 infections push economic activity off a cliff

Following the recent abrupt end to Covid Zero controls, more cities have been hit by an exit wave of infections in the past week, leading to crowded hospitals and queues at funeral parlors

China's factories lose momentum amid tsunami of Covid cases as curbs ease

Outbreaks have the potential to cripple production or tear through employee rosters, threatening the global supply of everything from cars and golf carts to kitchen appliances and, of course, iPhones

iPhone city maintains plant curbs as China tweaks Covid-19 approach

Foxconn's task of catching up on lost iPhone production time has been complicated by the lockdown, which triggered violent protests last week

China vows crackdown on ''hostile forces'' as public tests President Xi

China's ruling Communist Party has vowed to resolutely crack down on infiltration and sabotage activities by hostile forces, following the largest street demonstrations in decades staged by citizens fed up with strict anti-virus restrictions. The statement from the Central Political and Legal Affairs Commission released late on Tuesday comes amid a massive show of force by security services to deter a recurrence of the protests that broke out over the weekend in Beijing, Shanghai, Guangzhou and several other cities. While it did not directly address the protests, the statement serves as a reminder of the party's determination to enforce its rule. Hundreds of SUVs, vans and armoured vehicles with flashing lights were parked along city streets Wednesday while police and paramilitary forces conducted random ID checks and searched people's mobile phones for photos, banned apps or other potential evidence that they had taken part in the demonstrations. The number of people who have been

Covid protests escalate in Guangzhou as China lockdown anger boils

China's foreign ministry has said rights and freedoms must be exercised within the framework of the law

China's economic activity falls as Covid-19 cases surge to record

The economy is suffering increasing damage from tightened virus controls as Covid outbreaks spread in every province

Apple to lose 6 million iPhone Pros because of turmoil at China plant

Apple's shares fell 2.6% to $144.22 in New York on Monday, marking the biggest one-day drop in more than two weeks. They have declined 19% this year

China stocks roar back on reopening 'rumours'; oil price rises 1%

A gauge of Chinese stocks listed in Hong Kong surged almost 7 per cent intraday, rebounding from its lowest close since late 2005

China's trade falters as demand wanes at home, abroad amid rising inflation

China's exports and imports lost momentum in August with growth significantly missing forecasts as surging inflation crippled overseas demand and fresh COVID curbs and heatwaves disrupted output

Asia shares off to sluggish start, China data soft on Wall Street

Asian share markets got off to a slow start on Monday as disappointing Chinese economic data fed doubts last week's rally on Wall Street could be sustained in the face of determined policy tightening

George Soros warns against investing in China amid real estate crisis

Soros said that President Xi Jinping may not be able to restore confidence in the troubled industry, which has been hit by a series of defaults by developers and falling prices for land and apartments

China stocks set for worst day in two months as inflation climbs

China's factory-gate prices grew at the fastest pace in 26 years in October while consumer inflation also accelerated to come above market expectations

Chinese developer Kaisa plunges as poor Oct sales add to liquidity worries

Kaisa said late on Wednesday its October contracted sales dropped 30.5% to 8.195 billion yuan ($1.28 billion) from a year ago, while sales in the first 10 months rose 23%.

China property fear spreads beyond Evergrande crisis, roiling markets

Intensifying concerns about China Evergrande Group's debt crisis dragged down everything from bank stocks to Ping An Insurance Group Co. and high-yield dollar bond

What Xi Jinping means by 'disorderly capital' is $1.5 trillion question

The phrase has been employed by govt agencies and researchers to explain actions against tech moguls, celebs and private tutors that fueled a $1.5 trn stock rout last month

Multiplying crackdowns haven't stopped investment pouring into China

Amidst the turmoil in markets, foreign investors have added to their holdings of stocks in Shanghai and Shenzhen every month since November via trading links

China tech stocks slump as nation issues draft competition rules

Baidu Inc. and NetEase Inc. fell more than 5% while Tencent Holdings Ltd. dropped 4.1%.

China education crackdown rocks investors: 'Everybody's in the crosshairs'

With losses in Chinese tech and education stocks now exceeding $1 trillion since February, the questions reverberating across trading desks from Shanghai to New York