Page 11 - Chinese Economy
China's 2020 total crude oil imports jump 7.3% to record on low prices
China's total crude oil imports surged 7.3% in 2020 despite the coronavirus, with record arrivals in the second and third quarter amid plunging oil prices and expanding refineries, data showed
 "China's 2020 total crude oil imports jump 7.3% to record on low prices")
China needs to learn to restructure emerging market debt: WB economist
Increasing debt distress in emerging markets means that China, will need to start restructuring debts in the same way that Paris Club lenders did in past crises, Reinhart said
 "China needs to learn to restructure emerging market debt: WB economist")
Upbeat about future, Xi says time on China's side as turmoil grips US
The Chinese leader told a gathering of provincial and ministerial-level officials Monday that he saw "opportunities in general outweighing challenges"
 "Upbeat about future, Xi says time on China's side as turmoil grips US")
World economy in 2021: Here's who will win and who will lose in Covid era
While America's 651 billionaires have increased their net worth by 30% to $4 trillion, a quarter of a billion people in developing countries could face absolute poverty
 "World economy in 2021: Here's who will win and who will lose in Covid era")
China's industrial profits grow at a slower pace in November, shows data
It said there is effective market stimulus and stable improvement in both supply and demand.
 "China's industrial profits grow at a slower pace in November, shows data")
China's economic recovery continues with exports and commodities booming
The export boom has been one of the strong drivers for China's rebound, with goods shipments hitting a record $268 billion in November.
 "China's economic recovery continues with exports and commodities booming")
Graphite India and HEG gain on hopes of demand revival, lower input costs
Turnaround in global steel production four successive quarters of de-growth seen as a positive for the two graphite electrode makers
 "Graphite India and HEG gain on hopes of demand revival, lower input costs")
Biden might be risky for Chinese economy, likely to impose sanctions
China must drop its illusion that its relations with the United States will automatically improve under President-elect Joe Biden
 "Biden might be risky for Chinese economy, likely to impose sanctions")
China won't hike interest rates soon as it exits stimulus: State media
While the state newspaper didn't attribute its view to any policy maker, citing mainly economists instead, a front-page story could be seen as an official signal of policy.
 "China won't hike interest rates soon as it exits stimulus: State media")
China announces eradication of extreme poverty in last poor counties
The milestone was achieved by lifting 93 million people out of poverty since 2013, China's government said
 "China announces eradication of extreme poverty in last poor counties")
US should rewrite the China trade contract
The world has become too dependent on China to embrace restrictive trade actions against it
 "US should rewrite the China trade contract")
World Coronavirus Dispatch: Jail for refusing corona tests in Hong Kong
Consumer spends & factory output boost China recovery, Japan vaults back from recession, full lockdown imposed in Austria and other pandemic-related news across the globe
 "World Coronavirus Dispatch: Jail for refusing corona tests in Hong Kong")
China's inflation fails to perk up amid sluggish demand, economic challenge
On a monthly basis, producer inflation slowed to zero, compared with a 0.1% increase the previous month
 "China's inflation fails to perk up amid sluggish demand, economic challenge")
China's October PPI falls faster than expected, consumer inflation eases
The producer price index fell 2.1% from a year earlier, the National Bureau of Statistics said in a statement
 "China's October PPI falls faster than expected, consumer inflation eases")
Chinese tech industry relieved by Joe Biden's election win, but not relaxed
Beijing has in recent months announced a new "dual circulation" model of growth to steer China's economy
 "Chinese tech industry relieved by Joe Biden's election win, but not relaxed")
China gears up to strengthen the Yuan in a world without Donald Trump
Over the past two years, China's currency has been whipsawed by volatile geopolitics, while traditional valuation metrics went to backburner
 "China gears up to strengthen the Yuan in a world without Donald Trump")
China factory activity growth slows slightly in October: Statistics Bureau
China's factory activity expanded at a slightly slower pace in October but was slightly above analysts' expectations, suggesting a continuing economic recovery
 "China factory activity growth slows slightly in October: Statistics Bureau")
Hong Kong recession shows sign of slowing as China economy expands
The economy shrank 3.4% in July-September from a year earlier, its fifth straight quarterly contraction, government advance estimates showed on Friday
 "Hong Kong recession shows sign of slowing as China economy expands")
China's new growth plan may push economy past US within 10 years
The country's 14th five-year plan is expected to center around technological innovation, economic self reliance and a cleaner environment
 "China's new growth plan may push economy past US within 10 years")
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 aims self-sufficiency: What to watch for in its 5-Year economic plan")
