Page 6 - Chinese Economy

Shanghai to cancel several restrictions on companies to aid economy

Businesses will also from June 1 no longer need to apply to resume work, he said, without detailing what other restrictions were being removed

'Tomorrow will be better': Shanghai inches towards Covid reopening

Shanghai officials urged continued vigilance on Saturday, even though the vast majority of its 25 million residents live in areas that are in the lowest-risk "prevention" category

China's industrial profits slump in April as Covid curbs squeeze firms

Industrial output from the commercial hub of Shanghai, located at the heart of manufacturing in the Yangtze River Delta, nosedived 61.5% in April

China's stimulus tops $5 trillion as Covid zero policy batters economy

"The mainstay of policy this year is fiscal spending and government investment, while the central bank is only playing a supportive role so far," said David Qu, China economist

China's economic activity in April collapses under Covid Zero policy

Industrial output unexpectedly fell 2.9 per cent in April from a year ago, while retail sales contracted 11.1 per cent in the period, weaker than a projected 6.6 per cent drop

China's zero-Covid rules to impact freight costs, global inflation

China's 'witless' rules have left hundreds of cargo ships stranded on the ports which will impact freight costs and global inflation.

China's GDP growth tops forecasts in first quarter; analysts sceptical

The better-than-expected economic data prompted questions from analysts who pointed to inconsistencies with alternative statistics that paint a grimmer picture

Chinese trade with Russia feels the sting of Ukraine war

Last year, about 30% of her 40 million yuan ($6.29 million) revenue came from Russia

China's March factory activity contracts at sharpest rate in 2 yrs: Survey

The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) fell to 48.1 in March, indicating the steepest rate of contraction since February 2020, from 50.4 in the previous month.

China seeks bumper wheat harvest amid fears of global food crisis

The notice comes as Chinese authorities spare no effort to raise domestic production in spring ploughing season, which started from early April

Industrial metals slip on China Covid surge; aluminium prices shed 2.1%

Benchmark prices for aluminium shed 2.1 per cent to $3,252 per tonne in official trading activity, after sinking 4.7 per cent in the previous session

China cuts GDP growth to 5.5% to target slower growth amid headwinds

In 2021, China's economy grew by 8.1 per cent to about USD 18 trillion- stated to be the best in a decade

China hikes defence budget by 7.1% to $230 bn, three times India's spending

China's hike in defence spending comes amid the People's Liberation Army's growing incidents of muscle-flexing in the strategic Indo-Pacific region

China lowers GDP target for 2022 to 5.5% from last year's 6.1%

In 2021, China's economy grew by 8.1 per cent 2021, well above the government target

Alibaba reports smallest rise in quarterly revenue, misses expectations

The slowing Chinese economy has taken a toll on the e-commerce company, as consumers cut back discretionary spending

Catch-22 for firms: Winning in China risks losing elsewhere, and vice versa

Notably, in June, the United States will enact a sweeping law that will expand restrictions on Xinjiang

China Jan factory activity growth slows, demand wanes as Covid surges

China's economy started last year strong, reviving from a sharp pandemic-induced slump, but it started losing momentum in the summer

In China, it's fear vs greed: Rally continues to raise stakes for traders

The past week shows investors need to be prepared for violent swings

BS Views of the week: India's rising unemployment rate; the missing link that could rescue Paytm

China cuts key rates, steps up monetary stimulus to boost economy

Authorities are also stepping up efforts to prop up the troubled property sector