Page 12 - Chinese Economy
China's economic recovery plows on as World's only major growth engine
Gross domestic product expanded 4.9 per cent in the third quarter from a year ago, missing economists' forecast for a 5.5 per cent expansion
 "China's economic recovery plows on as World's only major growth engine")
China's economy is back-ish. Without it the world would be on thinner ice
The numbers underscore projections last week from the International Monetary Fund that China will be the only major economy to advance in 2020
 "China's economy is back-ish. Without it the world would be on thinner ice")
China says indicators give good reason to believe in sustained recovery
While third-quarter GDP growth lagged behind expectations, the month of September saw improvement in all major indicators
 "China says indicators give good reason to believe in sustained recovery")
China's GDP grows 4.9% y-o-y in September quarter, misses expectations
The economy grew 0.7 per cent in the first nine months from a year earlier, the data showed
 "China's GDP grows 4.9% y-o-y in September quarter, misses expectations")
China gives Shenzhen more autonomy for market reform and integration
The changes announced by the National Development and Reform Commission include more flexibility to pursue reforms in areas such as land use and cross-border arbitration
 "China gives Shenzhen more autonomy for market reform and integration")
China passes export control law to protect civil, military, nuclear items
The country's top legislative body, the National People's Congress Standing Committee, adopted the measure on Saturday that applies to all companies in China
 "China passes export control law to protect civil, military, nuclear items")
Buoyed Chinese stock market tops $10 trillion, shrugs off 2015 rout
The world's second-largest stock market has added $3.3 trn since March lows
 "Buoyed Chinese stock market tops $10 trillion, shrugs off 2015 rout")
China's factory activity accelerates in Sept on boost from overseas demand
A private survey, also released on the day, painted a similar picture of the manufacturing sector gaining momentum backed by stronger overseas demand
 "China's factory activity accelerates in Sept on boost from overseas demand")
Covid-19: China's economic recovery leaves the bottom 60% behind
The rebound Beijing engineered is K-shaped, exacerbating widening income inequality, which was already a problem before the pandemic.
China's industrial profits grow 19.1% y-o-y in August to 612.81 bn yuan
That compares with a 19.6% increase in July and is the fourth straight month of profit growth
 "China's industrial profits grow 19.1% y-o-y in August to 612.81 bn yuan")
China issues new rules to tighten control over financial holding firms
New rules apply to firms with a banking operation & financial assets of over $73 bn
 "China issues new rules to tighten control over financial holding firms")
China taking advantage of Covid-19, tiff with India an example: US diplomat
The Assistant Secretary for East Asian and Pacific Affairs also reiterated Secretary Pompeo's remarks that the United States hopes for a peaceful resolution to the border standoff
 "China taking advantage of Covid-19, tiff with India an example: US diplomat")
China's services sector sustains recovery as hiring picks up: Caixin PMI
Firms started to hire more in August after six months of layoffs, indicating some recovery in a labour market that has been hit hard by sharp falls in demand
 "China's services sector sustains recovery as hiring picks up: Caixin PMI")
Once nearly half, China's market capitalisation is now 5x India's
According to Bloomberg data, China's m-cap stood at just $407 billion in May 2006 - 45 per cent below India's m-cap of $745 billion
 "Once nearly half, China's market capitalisation is now 5x India's")
China's Aug export orders shake off Covid gloom, fuelling factory expansion
The Caixin/Markit Manufacturing Purchasing Managers' Index(PMI) rose to 53.1 last month from July's 52.8
 "China's Aug export orders shake off Covid gloom, fuelling factory expansion")
Global Economy: Asian factories shaking off Covid-19 gloom, China shines
Manufacturing activity in China expanded at the fastest clip in nearly a decade in August, as factories ramped up output to meet rebounding demand
 "Global Economy: Asian factories shaking off Covid-19 gloom, China shines")
China will release funds to local govts more quickly to boost economy
The government has said it would set up special transfer payments of 2 trillion yuan ($289.72 billion) from special treasury bonds
 "China will release funds to local govts more quickly to boost economy")
China's mega banks hire tens of thousands in latest rescue mission
The four biggest state banks, led by Industrial & Commercial Bank of China Ltd., this month kicked off their autumn campus hiring, instead of in November as in previous years
 "China's mega banks hire tens of thousands in latest rescue mission")
Chinese premier says economy could grow this year despite Covid-19
BEIJING (Reuters) - Chinese Premier Li Keqiang said the country's economy could grow this year, state radio reported on Sunday, despite the impact of the COVID-19 pandemic.
 "Chinese premier says economy could grow this year despite Covid-19")
In interview Donald Trump threatens to decouple US economy from China
Trump entered into a high-stakes trade war with China before reaching a partial phase 1 trade deal in January
 "In interview Donald Trump threatens to decouple US economy from China")
