China Gdp

What to expect from the 9th Forum on China-Africa Cooperation Summit

China approved loans worth $4.61 billion to Africa last year, the first annual increase since 2016

China's fiscal revenue falls 2.6% in Jan-Jul amid economic growth struggles

July economic data, including a fall in household loans and a slow down in industrial output growth

China to impose six-month business ban on PwC over its Evergrande audit

PwC's China unit has already lost at least two-thirds of its accounting revenues from mainland-listed clients this year since its Evergrande audit failure

Property slump, weak consumption drags down China's economic recovery

A continued property crisis and weak consumption dragged on China's economic recovery in July, according to data released Thursday by the National Bureau of Statistics. Unemployment rose for the first time since February, clocking in at 5.2 per cent, compared to 5 per cent in June. Industrial production also rose more slowly than the previous month, showing a 5.1 per cent year-on-year increase in July, compared to a 5.3 per cent rise in June. Retail sales grew slightly more than analysts had expected, rising 2.7 per cent year-on-year in July, compared to 2 per cent in June. Statistics bureau spokesperson Liu Aihua said the recovery in consumption will be further consolidated given recent government policies to boost consumer spending. Beijing announced plans last month to use 150 billion Yuan (USD 20.9 billion) in government debt to finance trade-ins for consumer goods such as appliances and cars to stimulate spending. Consumption contributed around 60 per cent of China's economi

10 things global fund managers are saying about equity markets; check here

A total of 220 panelists with $590 billion worth of assets under management (AUM)) participated in a survey conducted by BofA Securities between August 2 and August 8

China's CPI in July rises faster than expected, producer deflation persists

The data comes in the wake of shrinking manufacturing activity and raised concerns about the outlook for exports

Facing budget crunches, China's tax authorities descend on companies

Chinese authorities are chasing unpaid taxes from companies and individuals dating back decades, as the government moves to plug massive budget shortfalls and address a mounting debt crisis. More than a dozen listed Chinese companies say they were slapped with millions of dollars in back taxes in a renewed effort to fix local finances that have been wrecked by a downturn in the property market that hit sales of land leases, a main source of revenues. Policies issued after a recent planning meeting of top Communist Party officials called for expanding local tax resources and said localities should expand their tax management authority and improve their debt management." Local government debt is estimated at up to $11 trillion, including what's owed by local government financing entities that are off balance sheet, or not included in official estimates. More than 300 reforms the party has outlined include promises to better monitor and manage local debt, one of the biggest risks in ..

China's factory activity shrinks for first time in 9 months: PMI data

Caixin/S&P Global manufacturing PMI fell to 49.8 in July from 51.8 the previous month, the lowest reading since October

China's factory activity shrinks in July, service sector grow more slowly

The official purchasing managers' index (PMI) fell to 49.4 in July from 49.5 in June

China's leaders vow to step up policy support for boosting economy

"Macro policies should be strengthened persistently and become more forceful," the Poliburo added, according to the official Xinhua news agency

Italy signs trade pact with China to renew ties after BRI project exit

The ANSA news agency reported that Meloni made the announcement at the start of a meeting with Chinese Prime Minister Li Qiang in Beijing on July 28

The China challenge

From a military standpoint, while the regional rivalry is not insignificant, it is the territorial contestation that is more important at the moment

China's secretive spaceplane likely testing 'dual use' technology: Experts

The U.S. first launched its uncrewed Boeing X-37B spaceplane in 2010, while Russia has recently launched several satellites that U.S. officials suspect may be weapons, a charge Russia has denied

China conducts surprise rate cuts in efforts to support weak economy

The cuts come after China last week reported weaker-than-expected second-quarter economic data and its top leaders met for a plenum that occurs roughly every five years

Chinese officials expect bumpy road in economic policy implementation

Officials made a raft of pledges, from modernising the industrial complex to expanding domestic demand

'Luxury shame' hits China's luxury market as elites dial down on austerity

The elite in the Land of the Dragon are refraining from ostentatious purchases, putting the nation's luxury market under strain

China's Q2 growth misses expectation, prompts urgent economic policy review

China's economic growth in the second quarter fell short of expectations at 4.7%, with weak consumption and property data prompting policymakers to convene a key economic meeting

PM Modi to visit Russia at time when Moscow is deepening embrace with China

Relations between India and China have been stuck at a low point since a border dispute erupted into violence in 2020, though the two sides have agreed to talks to resolve the disagreement

Asia's factory activity expands in June on solid momentum in global economy

The surveys show how Chinese firms are ramping up production despite weak domestic demand, which Beijing has failed to reverse with a rescue package for an ailing property sector

China's June new home prices rise at slowest pace in five months: Survey

The value of new home sales at China's top 100 real estate companies slid 41.6% in January-June from the same period a year ago