Category: Chinese economy

Tencent Q3 hurt by weak Chinese economy, regulations; will give Meituan’s stake as a dividend

Michael VI Chinese internet giant Tencent (OTCPK: TCEHY) reported Third-quarter results beat expectations on Wednesday due to a slowing Chinese economy and regulatory crackdown, with the company adding it would distribute its $20.3 billion stake in Meituan to shareholders as a dividend. For the period ending September 30, Tencent (OTCPK: TCEHY) said its revenue fell […]

Reckless Fed tightening fuels global economic recession risks, but China’s economy could act as stabilizer: analysts

A woman shops at a supermarket in Monterey Park, California on October 19, 2022. Food prices in September rose 13% from a year ago, according to data released by the US government, while that inflation is pushing prices to their highest level in decades. Photo: CGV A new survey from the US Federal Reserve (Fed) […]

Chinese language resonates with Afghan youth

Afghanistan’s only Confucius Institute, also known as the Department of Chinese Language and Literature, opened in 2008 at Kabul University. Since then, the department has helped hundreds of young people learn Chinese, the language of the world’s most populous country.[Photo/Xinhua] “Since China has a rich culture with a prosperous economy, its Chinese language is important […]

Chinese company’s smart logistics centers set to revolutionize Pakistan’s e-commerce ecosystem

Pakistan has commissioned its first-ever smart distribution center (SDC) in the southern port city of Karachi. Experts and officials hailed the development as an important step towards revolutionizing Pakistan’s e-commerce ecosystem. Built by Cainiao Smart Logistics Network of China in partnership with Pakistan’s largest e-commerce market player Daraz, the 50,000 square meter distribution center will […]

Chinese Spyder Loader Malware Spotted Targeting Organizations in Hong Kong

The China-aligned spy-focused actor, nicknamed Winnti, has set his sights on Hong Kong government organizations in an ongoing campaign dubbed Operation CuckooBees. Active since at least 2007, Winnti (aka APT41, Barium, Bronze Atlas, and Wicked Panda) is the name given to a prolific group of cyber threats that carry out Chinese state-sponsored espionage activities, primarily […]

Nigeria commissions Chinese-built Ekiti airport

The Chinese-built Ekiti Airport in Ekiti State, southwestern Nigeria, has been given the green light, after being officially put into operation on Saturday. The airport, built by the China Civil Engineering Construction Corporation (CCECC), received its first aircraft just before the official launch, a Nigerian Air Force aircraft from the federal capital, Abuja. The facility […]

Chinese delegation visits Pakistan for flood management analysis_China Economic Net

By Tahir Ali Chinese delegation during a meeting at the NFRCC Islamabad. [Photo/Tahir Ali] ISLAMABAD, Oct. 11 (Gwadar Pro) — An 11-member delegation of Chinese experts has arrived in Pakistan to share their technical knowledge and experience with the country regarding flood management analysis based on meteorological, hydrological , hydraulic, geospatial and damage and loss. […]

Chinese universities are gaining ground over American institutions in a “turn in the global knowledge economy”. Here’s what’s driving the change

American higher education is losing its prestige. The number of US universities in the top 100 of the Times Higher Education World University Rankings has fallen for the fifth straight year, while the number in China is at an all-time high. While the US and UK still dominate the top spots in the Times rankingwhich […]

Chinese economy expects steady growth in fourth quarter

The Beijing Skyline. [Photo/VCG] Certainty of steady growth in China’s economy has been bolstered by political support and appreciation for rising consumer expectations, increased manufacturing investment and market recovery real estate, Securities Daily reported Tuesday. The stimulus for the resumption of the national economy in the fourth quarter includes increased consumer demand, increased investment in […]

China’s economy sinks into $52 billion wall of bad debt

China’s Belt and Road Initiative (BRI), sometimes called the New Silk Road, was one of Beijing’s most ambitious infrastructure projects ever. Launched in 2013 by President Xi Jinping, China aimed to expand from East Asia to Europe, greatly expanding China’s economic and political influence. However, Beijing’s bid to take over the world with its ambitious […]

China’s economy shows signs of recovery as Beijing steps up stimulus

China’s economy showed signs of recovery in August as Beijing introduced stimulus measures to counter a slowdown, although a slump in the housing market and Covid outbreaks continue to influence the outlook. Industrial production, retail sales and capital investment all rose faster than economists expected last month. The urban unemployment rate fell to 5.3%, while […]

Senior Chinese lawmaker pays official friendship visit to Mongolia – Xinhua

ULAANBAATAR, Sept. 12 (Xinhua) — Li Zhanshu, chairman of the Standing Committee of the National People’s Congress (NPC) of China, paid an official goodwill visit to Mongolia from Saturday to Monday, at the invitation of the Chairman of the Mongolian State Great Hural (Parliament) Gombojav Zandanshatar. During his visit, Li met with Mongolian President Ukhnaa […]

Some predict that the Chinese economy will not overtake the American economy

The sharp slowdown in Chinese growth over the past year is prompting many pundits to reconsider when China will overtake the United States as the world’s largest economy — or even if it ever will, the Wall reported. StreetJournal. Until recently, many economists assumed that China’s gross domestic product measured in U.S. dollars would overtake […]

China’s Largest Real Estate Developer, Country Garden, Sees Profits Drop 96% | Chinese economy

China’s biggest property developer, Country Garden Holdings, reported a 96% drop in profits, blaming a “severe depression” in the country’s slumped property market in which “only the fittest can survive”. The company, which is listed in Hong Kong, said preliminary net profit plummeted from 15 billion yuan ($2 billion) to 612 million yuan ($88 million) […]

China’s struggling economy worsens due to heatwave caused by anti-environment policies

NNA | Updated: August 24, 2022 10:47 p.m. STI beijing [China]Aug 24 (ANI): China has witnessed droughts caused by heatwaves, heavy rains, power outages and supply chain disruptions, which have had a serious impact on the Chinese economy , due to anti-environmental policies for decades.Beijing has declared its first drought emergency as heat waves dried […]

‘The Achilles’ heel of Xi’s worldview is the future performance of the Chinese economy,’ says former Australian PM Rudd

New Delhi: Former Australian Prime Minister Kevin Rudd said on Wednesday that Chinese President Xi Jinping’s “Achilles heel” – in terms of his strategic vision and his “ideological view of the world” – was the performance of the Chinese economy in coming years. “We’ve all become familiar with the perfect linear trajectory of Chinese economic […]

BRI and US punitive measures and Chinese integrated strategies | By Dr Mehmood Ul Hassan Khan

BRI and US punitive measures and Chinese integrated strategies It appears that the US government, its establishment, and its cross-regional allies have now accelerated their efforts to entangle the “Asian century doctrine” by “encircling” the socio-economic rise and mechanism of supply chains from China. Chinese President Xi Jinping’s “One Belt & One Road” project of […]

European Solar – Prospects of the Chinese economy compared to the global PV market

Very strict Corona closures like in Shanghai, the most important port in the world, and a real estate crisis because companies like Evergrande finally ran into problems. This causes most Chinese people to cut spending, and the Chinese economy suffers. “All economic data was disappointing in July except for exports,” he added. Guardian quoted Nie […]

Xiaomi lays off 900 employees as revenue dips amid slowing Chinese economy: report

Xiaomi lays off 900 employees amid slowing Chinese economy Photo: BCCL Chinese smartphone giant Xiaomi is said to have laid off more than 900 employees, cutting its workforce by nearly 3%. The company posted a second straight annual decline in quarterly earnings during the April-June period, a steeper drop than the previous quarter’s revenue. Xiaomi […]

Chinese economy in trouble, cut in key rates could have an impact

China’s policy rate cut could trigger risk aversion in financial markets around the world India better placed on growth-inflation-external balance triangle for 2022-23 The Chinese economy is in trouble and the central bank unexpectedly lowered its key rate, signaling serious concerns about growth, said the Department of Economic Affairs (DEA) under the Indian Ministry of […]

“China’s Struggling Economy, Lower Policy Rates Could Impact Global Financial Markets”

China’s economy is struggling and the central bank unexpectedly lowered its key rate, signaling serious concerns about growth, India’s Finance Ministry’s Department of Economic Affairs (DEA) said. According to the Monthly Economic Review published by the DEA, China’s key rate cut could trigger risk aversion in financial markets around the world which have begun to […]

Chinese tech giant registers first drop in revenue

Tencent posted its first-ever quarterly decline in year-over-year revenue as tougher gaming regulations in China and a resurgence of Covid-19 in the world’s second-largest economy hit the tech giant . Here’s how Tencent fared in the second quarter, compared to consensus estimates from Refinitiv: Revenue: 134.03 billion Chinese yuan (19.78 billion dollars) against 134.6 billion […]

Watch: Protests erupt in Henan province as China’s economy stagnates

Protests have erupted in China’s Henan province over frozen bank accounts and mortgage payments for unfinished homes as the country’s economy stagnates. In an effort to boost demand for credit and help the Covid-hit economy, China’s central bank unexpectedly cut a key interest rate for the second time this year and withdrew liquidity from the […]

Tencent hurt by China’s slowing economy and stalled game approvals

Tencent reported its first quarterly revenue decline as China’s most valuable company was rocked by the country’s slowing economy and a regulatory crackdown. The tech group beat analysts’ sales expectations after posting quarterly revenue of Rmb134 billion ($19.7 billion) in the three months to June 30, down 3% compared to the same period last year […]

China’s economic recovery momentum continues in July – Xinhua

National Bureau of Statistics (NBS) spokesperson Fu Linghui (right) attends a press conference held by the State Council Information Office on China’s multiple key economic indicators in July, in Beijing, capital of China, Aug. 15, 2022. (Xinhua/Chen Yehoua) BEIJING, Aug. 15 (Xinhua) — China’s economy maintained its recovery trend in July, with major economic indicators […]

FXI ETF: Chinese economy will benefit from the rise of the dollar (NYSEARCA:FXI)

liulolo/iStock via Getty Images The rising US dollar is pushing inflation up in many third world and developing countries. It leads to an escalation in commodity prices as most imported goods are paid for in dollars, the situation being exacerbated by historically high prices. Oil prices. The unfortunate events in Sri Lanka, where people took […]

US Commvault bullish on data protection and management industry in Chinese market

Commvault, a US-based data protection and management company, sees great opportunities in China as a wide range of sectors accelerate steps to embrace digital transformation in the world’s second-largest economy. The comments came after the company managed to register rapid growth in China, one of its most important markets, in 2021, despite the fallout from […]

China’s population slump reveals young people’s reluctance to have children: expert

China’s top population official acknowledged at an annual population meeting that China’s population growth has slowed and is expected to decline before 2025. Yang Wenzhuang, director of the population monitoring and family development division of China’s National Health Commission, said at the meeting that China’s population is expected to “enter a negative increase,” according to […]

Prelude to ESG 2022: the third generation of Chinese entrepreneurs conquers the world

In the history of Chinese entrepreneurship, people generally regard 1992 as the benchmark year. Although some well-known enterprises have already been established, the wave of entrepreneurship brought by “Deng Xiaoping’s South Tour” in 1992 and the subsequent establishment of the socialist market economy is the real driving force behind the first generation of startups. and […]

Stable Chinese Economy Remains Key Driver of Global Recovery, Cambodian Official Says | Kathmandu Grandstand

By Wang Yuan, People’s Daily “China contributed about 30% to global growthe every year for the past few years. As the global economy has been impacted by COVID-19 over the past two years, the Chinese economy has remained a key driver of global recovery,” a Cambodian official said in a recent People’s Daily interview. Thong […]

Chinese Special Envoy for African Affairs to Seychelles – Projects of Mutual Interest Discussed

Ambassador Xu Jinghu (left) met with Ramkalawan accompanied by Chinese Ambassador to Seychelles Guo Wei. (State House) Photo license Seychelles and China have reiterated their commitments to ensure that projects of mutual interest that are being discussed materialize, State House said on Tuesday. The pledge was made during a meeting between Seychelles President Wavel Ramkalawan […]

Stable Chinese economy remains key driver of global recovery: Cambodian official

Chinese President Xi Jinping addresses the first session of the 16th Group of 20 (G20) Leaders’ Summit via video link in Beijing, capital of China, Oct. 30, 2021. (Xinhua/Li Xueren) First, Xi said called for working in solidarity to fight COVID-19 and proposed a global cooperative action initiative for vaccines. In the initiative, Xi called […]

China’s struggling economy worsens as manufacturing and real estate stumble

China’s economy was expected to recover quickly to pre-pandemic levels after the COVID lockdown was lifted in June, but recent polls suggest the manufacturing and real estate sector has plunged further and the unemployment continues to be a threat Representative image. AFP beijing: China’s economy slumped at the start of the second half of the […]

Chinese factory activity contracts amid Covid disruptions | Chinese economy

Chinese factory activity unexpectedly declined in July as sporadic Covid outbreaks disrupted the sector and a slowing global economy weighed on demand. The official purchasing managers’ index (PMI) for the manufacturing sector fell to 49.0 in July from 50.2 in June, China’s National Bureau of Statistics said on Sunday. That was weaker than expected, below […]

China’s improving economy is a beacon of hope for troubled countries around the world: Bangladeshi economist – Xinhua

Aerial photo taken on Sept. 11, 2020 shows the view of the city of Shenzhen, south China’s Guangdong Province. (Xinhua/Mao Siqian) China has shown its courage lately against all odds and can help vulnerable countries elsewhere in the world, a leading Bangladeshi economist has said. by Naim-Ul-Karim DHAKA, July 25 (Xinhua) — China’s economy, which […]

China’s Economy Will ‘Shut to a Stop’ as West Could Cut Trade Routes in ‘Death’s Embrace’ | World | New

China’s economy received another blow last week as the United States imposed new sanctions on individuals and entities in Hong Kong and the United Arab Emirates. The sanctions, which aim to prevent “illegal” Iranian oil from reaching China, are just the latest in a series of financial sanctions Washington has used against Beijing. The nation […]

China’s Economy Will ‘Shut to a Stop’ as West May Cut Trade Routes in ‘Death’s Embrace’ | World | New

China’s economy received another blow last week as the United States imposed new sanctions on individuals and entities in Hong Kong and the United Arab Emirates. The sanctions, which aim to prevent “illegal” Iranian oil from reaching China, are just the latest in a series of financial sanctions Washington has used against Beijing. The nation […]

China’s economic growth plummets after Covid shutdowns | Chinese economy

China’s economic growth slowed sharply in the second quarter of the year, official data showed on Friday, underscoring the colossal toll of widespread Covid lockdowns and casting doubt on whether its predetermined growth target will be met. Output contracted 2.6% between April and June from the previous quarter, the statistics office said, prompting many economists […]

Chinese economy: China plans $75 billion infrastructure fund to revive economy: Sources

China will set up a public infrastructure investment fund worth 500 billion yuan ($74.69 billion) to boost infrastructure spending and revive a flagging economy, two officials told Reuters on Tuesday. people familiar with the matter. The Chinese economy has begun a slow recovery from supply shocks caused by widespread shutdowns since the second quarter, although […]

China’s economy is developing positively – Taipei Times

EASY CONTAINMENTS: Recovery remains fragile as the country sticks to its ‘zero COVID’ strategy, meaning restrictions could be tightened if Omicron outbreaks break out again China’s economy showed further signs of improvement last month with strong gains in services and construction as COVID-19 outbreaks and restrictions were gradually eased. The official Purchasing Managers’ Index (PMI) […]

Concepcion and Fil-Chinese businessmen pledge to support Marcos

MANILA, Philippines – Go Negosyo founder Joey Concepcion and the business group Federation of Philippine-Chinese Chambers of Commerce and Industry Inc. (FFCCCII) yesterday expressed their support for President Marcos and his plans in the face of the challenges facing the country in terms of health and economy. In a statement, Concepcion congratulated Marcos on his […]

China’s economy heads for recovery with recovery in May

Beijing CBD Photo: VCG China’s economy saw an impressive turnaround in May, as a set of better-than-expected official data released on Wednesday showed improvements in several crucial economic indicators, including industrial production, fixed asset investment and sales. at retail, further underscoring the resilience of the Chinese economy in the face of the challenges posed by […]

China’s economy is struggling, but not because of COVID-19

After months of draconian COVID-19 lockdowns, China’s economy appears to be taking a break. In May, Chinese exports leaps in large part to the strong demand abroad. Inflationary pressure remained benignraising hopes that Beijing will boost lackluster growth. But observers should dampen their enthusiasm for China’s economic recovery, and not just because of the lingering […]

Commodity index rebound reflects China’s warming economy

As swift and forceful actions have curbed outbreaks, China’s economic engine has begun to rumble again. The latest commodity index revealed improvements in both factory output and market demand, indicating that with timely and targeted policy support, the country’s economic activities, gradually shaking the impacts of COVID-19 , are ready for a steady recovery. China’s […]

The rebound of the raw materials index signals the warming of the Chinese economy

According to the China Bulk Merchandise Index, which gained 1.6 percentage points in May over the previous month to stand at 101.3 percent. Specifically, the supply and sales sub-indices bottomed and recorded encouraging rebounds, the latter at a year-to-year high, the China Federation of Logistics and Purchasing (CFLP) said. According to the China Bulk Merchandise […]

China’s economy holds up despite near-term downward pressure – Xinhua

Photo taken on May 17, 2022 shows a view of the automated container terminal at Shanghai Yangshan Deepwater Port in east China’s Shanghai. (Xinhua/Ding Ting) China’s economy is expected to improve in May with the accelerated resumption of work and production in Shanghai and Jilin and the implementation of pro-growth measures, said NBS spokesperson Fu […]

Why pessimists are wrong about China’s economy – Xinhua

* Far-sighted investors believe short-term setbacks in China’s economy won’t derail long-term business growth. * Despite the current pressure, the fundamentals remain unchanged and the economy still enjoys strong resilience, huge potential, ample room for maneuver and long-term sustainability. * “The rise of China and its mighty economy remains by far the most important story […]

Foreign investment in China declines as multinationals grow pessimistic about China’s economy

NNA | Updated: May 22, 2022 7:13 p.m. STI beijing [China]May 22 (ANI): Foreign direct investment in China by multinational corporations is falling off a cliff as investors grow increasingly pessimistic about the Chinese economy amid President Xi Jinping’s strict COVID policies and his position on Russia’s war against Ukraine. These multinationals face serious challenges […]

China’s economy continues to be pressured due to COVID and the Russian-Ukrainian conflict

NNA | Updated: May 19, 2022 12:29 STI beijing [China]May 19 (ANI): China’s economy is under pressure due to strict restrictions to curb the COVID pandemic, which negatively affects production capacity and other logistics.Besides the disruption caused by the zero covid policy, the war in Ukraine is adding to the woes of the world’s second […]

Lockdowns cripple the Chinese economy | Business | Economic and financial news from a German perspective | DW

China is currently experiencing a pronounced economic slowdown. According to official Chinese data released on Monday, the Asian country’s industrial production fell nearly 3% in April year-on-year. Retail sales are even more affected, which fell 11% in April from a year ago, as China’s zero-COVID strategy caused Asia’s growth engine to stutter. “The pandemic is […]

Strict COVID-19 restrictions impact China’s economy

NNN: Strict COVID-19 restrictions impact China’s economy Economy Beijing, May 16, 2022 Industrial production in China unexpectedly fell 2.9% in April compared to the same period in 2021 amid tight COVID-19 restrictions. That’s according to official figures released on Monday. Meanwhile, retail sales also fell more sharply than analysts had expected, down 11.1%, the Bureau […]

China’s economy enters danger zone

Comment China’s economic situation looks increasingly precarious. Last year, the Communist Party of China (CCP) began a regulatory reset that strangled the country’s economic prospects. Today, amid escalating COVID-related lockdowns, depressed consumer and business morale, and geopolitical instability, the risk of an economic contraction is clear. Global companies need to assess their strategy in China […]

Commentary: Reasons to remain confident in China’s economy amid pandemic

Photo shows customers at a Sam’s Club warehouse store in Beicai Town, Pudong New Area, east China’s Shanghai, May 2, 2022. Major retail businesses in Shanghai started reopen their supermarkets amid the recent resurgence of COVID-19. (Xinhua/Chen Jianli) BEIJING, May 13 (Xinhua) — The rise of the Omicron variant of the coronavirus has put downward […]

How pessimistic are you about the Chinese economy? — Q&A with Anne Stevenson-Yang – SupChina

How pessimistic are you about the Chinese economy? — Q&A with Anne Stevenson-Yang – SupChina Jump straight to content Search any company based in China Search any company based in ChinaZhejiang Geely Holding GroupChina Development Bank International InvestmentCASILBYD automaticBeiGene (Beijing)Beijing Pingxin Media CultureBeijing JD36Kr holdingsBaidu (China)Qianjin Network Information Technology (Shanghai)GAIGAVISHINETaobao China Holding (Hong Kong)Huaneng Power […]

Chinese economy maintains growth momentum, contributes to global recovery: academic – Xinhua

A staff member prepares to unload a container from a truck at a logistics station of Shenyang East Railway Station in Shenyang, northeast China’s Liaoning Province, March 5, 2020. (Xinhua/ Pan Yulong) China has strengthened its domestic market, while allowing it to engage “productively and vigorously” in the international market. “This measure of strengthening key […]

China’s economy expected to recover by end of May, analysts say

Customers shop at a Sam’s Club warehouse store in Beicai Town, Pudong New Area, east China’s Shanghai, May 2, 2022. (Xinhua/Chen Jianli) As recent COVID-19 outbreaks have weighed on China’s economy which is already under pressure from falling demand, impacting supply and weakening expectations, the scientific approach of China’s balancing the fight against viruses and […]

China’s resilient economy, long-term fundamentals attractive to investors, says Swiss banker

Aerial photo taken on Dec. 5, 2021 shows the sunrise scenery of Yangpu International Container Port in Yangpu Economic Development Zone, south China’s Hainan Province. (Xinhua/Pu Xiaoxu) GENEVA, May 2 (Xinhua) — China’s economy has excellent potential and resilience, Swiss banker Fiorenzo Manganiello said in a recent interview with Xinhua, stressing that the long-term fundamentals […]

Fears are growing that strict ‘zero COVID’ policies will bring down China’s economy

China’s strict pandemic policies are slowing its industrial production and its economy is under strain as millions of its citizens are forced to abide by lockdown orders. New cases of COVID-19 began to reach their highest levels in parts of mainland China last month, leading the government to shut down entire metropolises like Shenzhen, which […]

Fast, precise, too hard? Confinements risk blocking the Chinese economy | Chinese economy

VFormer truck driver Meng Hong has become an unlikely social media star in recent weeks. Since March, his short video discussing life on the road during Covid outbreaks on Douyin, China’s version of TikTok, has garnered him millions of likes. Most of Meng’s videos were about “spreading positive energy,” as he wrote in his account […]

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