Chinese Economic Policy

Chinese factory activity rebounds, adding to recovery signs: Survey

Chinese factory activity rebounded in January from three months of contraction, adding to signs the world's second-largest economy might be recovering from a painful slump, an official survey showed Tuesday. A monthly purchasing managers' index issued by the Chinese statistics agency and an industry group rose to 50.1 on a 100-point scale on which numbers above 50 show activity growing. That was an unusually large gain of 3.1 points from December's 47. China's economic growth sank to 2.9 per cent over a year earlier in the final three months of 2022, but economists point to increased investment and improved consumer spending as signs activity is recovering. Manufacturers have been hurt by lackluster US and European demand for exports after central banks raised interest rates to fight inflation. Chinese consumer demand weakened following COVID-19 outbreaks and a downturn in the real estate industry. New orders, new export orders, factory activity and employment improved in January,

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 to let ride-hailing drivers, delivery workers form unions: Report

China will review the amendment on its trade union law starting December

China's faltering economic recovery adds to global growth risks

Retail sales were hit by tough new virus restrictions introduced toward the end of the month to contain fresh outbreaks

China's manufacturing activity softens in June amid export weakness

Growth in China's manufacturing activity softened in June as export demand weakened and producers struggled with supply bottlenecks, a survey showed Wednesday. The monthly purchasing managers' index issued by the national statistics agency and an industry group declined to 50.9 from May's 51.0 on a 100-point scale on which numbers above 50 show activity increasing. Measures of new export orders, production and factory gate prices declined. The latest surveys suggest that growth softened this month, Julian Evans-Pritchard and Sheana Yue of Capital Economics said in a report. Supply shortages continued to hold back output in the manufacturing sector. China's factory output and consumer spending have rebounded to above pre-pandemic levels but export demand is uneven as governments fight outbreaks of the new coronavirus variant. Companies still expect to be cautious, economist Zhang Liqun said in a statement issued by the China Federation of Logistics & Purchasing along with the PMI .

China sets over 6% GDP target in 2021 as economy in rebound mode

China was the first to be hit by the Covid-19 and the earliest to recover from the lockdown effects

China likely to avoid setting 2021 GDP target over debt concerns: Report

China is the world's second-biggest economy

Best of BS Opinion: GST's high point, clarity on bitcoin, and more

Here's a selection of Business Standard opinion pieces for the day

China's New Year resolutions

As China outlines its priorities, India finds itself on the margins of the Asian economic space

China aims self-sufficiency: What to watch for in its 5-Year economic plan

The finalized plan won't be made public before being formally approved by China's legislature, the National People's Congress, in March

China's factory activity quickens to 3-month high, economy recovering: PMI

While most of the economy has reopened, many manufacturers are still struggling due to weak overseas orders as global demand falters

China's central bank boosts liquidity ahead of tax payment surge

The People's Bank of China on Tuesday net injected 250 billion yuan ($35 billion) via seven-day reverse repurchase agreements, according to a statement

China eases M&A rules for listed companies to spur restructuring

The China Securities Regulatory Commission (CSRC) also said it would allow flotation of assets in strategically important emerging sectors on Shenzhen's ChiNext start-up board

China raises govt presence at Alibaba, other private giants

Hangzhou, in the eastern province of Zhejiang, is assigning government affairs representatives to facilitate communication and expedite projects, the city government said on its website

SBI (Shanghai) becomes 1st Indian bank to link up with China payment system

The CNAPS, launched in 2008 by People's Bank of China provides real-time settlement services for all payments cleared in mainland China, as well as in all clearing banks in offshore yuan centers

The next step for Chinese economic policy

The result was an explosion of economic growth and a rapid increase in living standards