Chinese Economy

China's biggest export hub struggles to stay afloat amid uncertainties

Located 50 km from Shanghai, Kunshan used to boast up to 30 per cent higher wages than other provinces, but now the companies there are cutting back their production amid the slowing economy of China

Analysts cut Asian companies' earnings; global slowdown, China to blame

Some analysts expect China's recovery may not be enough to offset headwinds from weak global demand and supply constraints for export-reliant economies in the region

FDI inflow in Chinese mainland up 6.1% in first two months of 2023

Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 6.1 per cent year on year to 268.44 billion yuan in the first two months of 2023

Oil prices recoup losses after OPEC upgrades China demand outlook

The Organization of the Petroleum Exporting Countries (OPEC on Tuesday further raised its forecast for Chinese oil demand growth in 2023 due to the relaxation of the country's COVID-19 curbs

Slide towards centralisation

China unveils a new government and an altered economic strategy

From China to India

India should welcome investments looking for alternatives

Metal companies see Chinese economy reopening as boost to commodities

Hindalco, Vedanta and Hindustan Zinc remain upbeat about future demand

Moving beyond Beijing

Economic revival may not sustain

Economic revival 'complicated' due to growing global competition: Xi

This is the slowest growth of China's economy since the 2.3 per cent registered in GDP in 1974

India, China likely to drive half of 2023 global growth, says IMF

India forecast remains unchanged for FY24

US, China vow to prevent competition from becoming 'conflict': Janet Yellen

The Chinese economy is reopening after a Covid-19 resurgence killed tens of thousands of people and shuttered countless businesses

Asian share markets slip as China says economy slowed further in 2022

Asian shares were mostly lower Tuesday after China reported its economy expanded at a 3 per cent pace last year, less than half 2021's rate. Tokyo advanced while most other regional markets declined. Investors are watching to see if Japan's central bank will alter its longstanding policy of keeping its key interest rate at minus 0.1 per cent when it wraps up a policy meeting on Wednesday. US futures fell after markets on Wall Street were closed Monday for a holiday, while oil prices were mixed. The Chinese economy is gradually reviving after antivirus controls and a real estate slump dragged on growth last year. Restrictions that kept millions of people at home have been lifted, but a surge in COVID-19 infections is keeping consumers cautious about travel, shopping and dining out. Data reported Tuesday showed growth of the world's second largest economy slid to 2.9 per cent over a year earlier in December from the previous months 3.9 per cent. The government has begun to soften a .

Oil mixed amid weak China economic data, sustained hopes for 2023

Brent crude futures had risen 16 cents, or 0.2%, to $84.62 by 0414 GMT, recouping some of the 1% loss of the previous session

Best of BS Opinion: Beyond Joshimath, ChatGPT vs humans, and more

Here is the best of Business Standard's opinion pieces for today

The year's biggest question mark: China

Investors have responded well to bits of optimistic news since late October, but no one can be certain that there is money to be made in China

China's economy ends year in major slump as Covid infections surge

Official data over the weekend showed the decline in manufacturing worsened last month, while activity in the services sector plunged the most since February 2020

China's economic activity at slowest since 2020 as Covid-19 spreads

China's abrupt reversal of its Covid Zero policy pushed economic activity - its service sector in particular - to the slowest pace since February 2020, as the virus swept through major cities

Will the current reopening of Chinese economy end India's outperformance?

A decisive transition may help pull consumer and business sentiment away from near-record lows, shake the property market out of its slumber and accelerate auto sales

China woefully underprepared for gradually unfolding Covid chaos: Report

China is woefully underprepared for the chaos that is inevitably unfolding since the Covid controls were lifted, as seen in other countries, the media reported on Friday

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