Page 2 - Chinese Economy

Chinese oil demand faces bumpy road to recovery as Covid curbs ease

Chinese Oil demand is expected to pick up as the world's largest crude importer pivots away from its strict Covid Zero policy

Foxconn eases most of its anti-Covid restrictions at Zhengzhou factory

Foxconn - whose formal name is Hon Hai Precision Industry Co. - said it is now ending its "point-to-point" system, in which it required employees to restrict their daily movements

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

China to set economic plans amid shift from Covid Zero policy to growth

China's abrupt ending of its Covid Zero policy injects more uncertainty into an already fragile economy, raising the prospect of looser fiscal and monetary policy

China's consumer sentiment fall near 2020 lows before lifted Covid curbs

Chinese consumers last month were almost as negative about their current and future financial conditions as they were in early 2020 as the pandemic was breaking out

China struggles with fresh infections after zero-Covid restrictions ease

A rash of COVID-19 cases in schools and businesses were reported by social media users Friday in areas across China after the ruling Communist Party loosened anti-virus rules as it tries to reverse a deepening economic slump. Official data showed a fall in new cases, but those no longer cover big parts of the population after the government on Wednesday ended mandatory testing for many people. That was part of dramatic changes aimed at gradually emerging from zero-COVID restrictions that have confined millions of people to their homes and sparked protests and demands for President Xi Jinping to resign. Social media users in Beijing and other cities said coworkers or classmates were ill and some businesses closed due to lack of staff. It wasn't clear from those accounts, many of which couldn't be independently confirmed, how far above the official figure the total case numbers might be. I'm really speechless. Half of the company's people are out sick, but they still won't let us all

End of Covid Zero policy threatens to overwhelm China with infections

The world's most populous nation is rapidly abandoning the mass testing, lockdowns and centralized quarantine that defined the stringent, three year-old policy

China's Xi Jinping visiting Saudi Arabia in bid to boost economic growth

Chinese leader Xi Jinping is attending a pair of regional summits in Saudi Arabia this week amid efforts to kick-start economic growth weighed down by strict anti-COVID-19 measures. The Foreign Ministry said on Wednesday that Xi will attend the inaugural China-Arab States Summit and a meeting with leaders of the six nations that make up the Gulf Cooperation Council in the Saudi capital of Riyadh. His state visit to Saudi Arabia will end on Saturday. China is the world's second largest economy and a major source of outward investment. To fuel massive demand, it imports half its oil, of which half of those imports come from Saudi Arabia, amounting to tens of billions of dollars annually. China's economic growth had been on a steady decline for years and was dealt a major blow by rolling lockdowns imposed across the country as a response to the COVID-19 pandemic. Chinese economic growth rebounded to 3.9 per cent over a year earlier in the three months ending in September, up from th

Morgan Stanley upgrades Chinese equities as country eases Covid curbs

Economic recovery likely to be bumpy as earnings pressure continues, says brokerage

Metal index gains over 1% as China eases Covid-19 rules; Hindalco up 4%

The reopening of the Chinese economy could brighten the outlook for global growth and commodity demand

Asia's factory activity shrinks in Nov as China lockdown impact widens

The results highlight Asia's darkening economic outlook for 2023, as lockdowns in China disrupt international supply and heighten fears of a further slump in its economy

Stocks, oil skid sharly today as China's Covid protests roil sentiment

China, the world's top oil importer, has stuck with zero-Covid policy even as much of the world has lifted most restrictions

China's industrial profits continue to decline amid tightening Covid curbs

Industrial profits in the January-to-October period fell 3.0% from a year earlier, data from the National Bureau of Statistics showed Sunday

Fear of quarantine camps, not Covid-19 pandemic, is shutting Beijing down

Going out in the capital of Beijing means having to scan a QR code to enter venues like shops and restaurants, or to even take public transportation

As China intensifies Covid-19 lockdowns, India gradually opens up

Data shows that spike in one country has not coincided with a rise the other

China's Covid policy will hinder property recovery: Goldman Sachs

On the Covid policy, Goldman expects China to reopen the country -- which it defines as a period when authorities no longer lock down cities when cases surge -- in the first half of 2023

Asia share markets gain despite Chinese Covid case numbers rising

Asian share markets were mostly in positive territory on Wednesday despite rising Covid cases in China

China Covid-19 cases near record high since pandemic began: Report

Over 28,000 new infections reported nationwide; Beijing shuts businesses, schools in hard-hit districts, tightens rules for entering the city

China's 'slow, painful' reopening threatens to strain economy even further

China is in for a "protracted and costly" reopening, with any release of pent-up demand likely to be lackluster as many households have already depleted their savings

India to be a semiconductor manufacturing hub: Rajeev Chandrasekhar

Chandrasekhar said India is well positioned to emerge as a major player in electronics and semiconductor products manufacturing as part of the 'China Plus One' diversification strategy