Category: Chinese economy

BEIJING (Xinhua): As swift and strong actions curbed epidemic outbreaks, China’s economic engine has started 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 […]

China faces difficult challenges in promoting reform, development and stability, as drastic changes and a pandemic not seen in a century have transformed the international scene and plunged the world into a new cycle of turbulence and changes. In this context, Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, stressed […]

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 […]

Photo taken on Sept. 9, 2020 shows the view of skyscrapers in the central business district (CBD) in Beijing, capital of China. (Xinhua/Chen Zhonghao) BEIJING, May 26 (Xinhua) — China faces difficult challenges in promoting reform, development and stability, as drastic changes and a pandemic not seen in a century transform the international scene and […]

Beijing, May 25 (PTI) China on Wednesday criticized the Indo-Pacific Economic Framework launched by the United States ahead of the Quad leaders’ summit in Tokyo, saying many countries in the region fear the IPEF will decouple them of the Chinese economy. . US President Joe Biden launched the IPEF on May 23 ahead of the […]

* 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 […]

An article on the Chinese economy published by a WeChat official account was widely shared with users on May 21. Afterwards, some national media reported that Tencent CEO Pony Ma had also forwarded the article and posted a comment saying that “the description is so vivid.” A screenshot of this post was leaked, sparking a […]

The current Chinese economy faces a complex situation and is under unprecedented pressure to maintain stable economic growth. Growth was only 4.8% in the first quarter, which makes for a poor start to 2022. Domestic consumption has been in freefall for two years and remains sluggish in the first quarter of this year, with total […]

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 […]

The closure of a major seafood market in the Chinese capital is expected to disrupt seafood trade as Beijing heads into an extended lockdown to contain the spread of a COVID-19 outbreak in the Chinese capital. Beijing’s Jingshen seafood market has been closed since May 17, after workers there were sickened by a strain of […]

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 […]

China’s economy is under pressure due to strict restrictions to curb the COVID pandemic, which is negatively affecting 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 largest economy. China’s exports grew 3.9% […]

OMICRON is going precisely nowhere. Sinocism: Shanghai says it has stopped community spread of Covid – Caixin Shanghai announced on Tuesday that it had achieved the goal of no community spread in all of its 16 districts, a key milestone in its more than two-month battle against Covid that could embolden authorities to further ease […]

Retail and factory activity in China fell sharply in April as sweeping COVID-19 shutdowns confined workers and consumers to their homes and severely disrupted supply chains, casting a shadow over prospects for the world’s second largest economy. Full or partial shutdowns were imposed in major centers across the country in March […]

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 […]

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 […]

US markets ended the week in the green, up 2.39%, up 3.70% and up 1.47% as investors took advantage of lower valuations late in the month. a rocky week dominated by concerns about an aggressive tightening of monetary policy and slowing economic growth. Fed Chairman Powell said bringing inflation back to the central bank’s 2% […]

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 […]

By Kavya Dubey Colombo, May 15 (IANS): As Ranil Wickremesinghe takes over as Prime Minister of Sri Lanka for the sixth time, how he takes control of the crisis gripping the island country is critical both for India and for stability in the region. Indian Ocean. The task ahead of him includes not only […]

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 […]

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 […]

There is slower progress on OMIRCON in China but the economy is still depressed, real estate in particular: Hooray! Chinese Premier Li Keqiang has urged officials to use fiscal and monetary policies to stabilize jobs and the economy as the country reels from Covid outbreaks and mounting inflationary pressure. Except: The official line out of […]

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 […]

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 […]

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 […]

Chin is both winning and losing its battle with OMICRON. On the one hand, the number of cases is decreasing: But they cannot eradicate it and Beijing is now embroiled in blockages. On the other hand, the economic fallout accumulates: In particular, the property is a smoking crater: The excellent Nomura sums it up: China: […]

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 […]

Tuesday, April 19, 2022 8:21 a.m. China’s economic growth is set to slow, top analysts say, as the country continues its battle against Covid-19. The country’s GDP growth for the first quarter of this year was “moderate”, ING economists said, “but more pain will come” in the coming months. More Chinese cities are facing tougher […]

“China appears to be heading for the first chapter of a GFC-style housing market crash,” said Stephen Anthony, chief economist at Macroeconomics Advisory. “We expect the collapse to get worse later in the year, as the authorities have very little room to [a] political sense comparing the magnitude of liabilities to the monetary base. Paul […]

Shanghai’s Covid-19 outbreak remains “extremely grim” with the ongoing lockdown of Chinese financial power threatening to devastate the country’s economy and cause major disruptions to already strained global supply chains. As Shanghai reported another daily record of 16,766 cases on Wednesday, the director of the city’s epidemic control task force was quoted by state media […]

China is in the midst of yet another horror outbreak – and it’s haemorrhaging cash into the economy as authorities cling to a ‘zero Covid’ policy. China has aggressively pursued a zero-tolerance approach to Covid – but now that strategy could be about to seriously backfire. For most of the pandemic, Beijing’s strict policy was […]

On February 24, Russian President Vladimir Putin denounced the West for three decades of broken promises and NATO expansion, promising to “demilitarize and denazify” Ukraine and order a “special military operation.” In the West, the speech has been portrayed as a conspiracy fantasy. Yet declassified documents show that several US and European leaders gave security […]

Visitors visit the booth of Herbalife Nutrition, a U.S.-based global nutrition company, during the 4th China International Import Expo in Shanghai on November 5. [Provided to China Daily] BEIJING — Despite the protracted COVID-19 pandemic and an increasingly complex global environment, foreign businesses are voting confidence in China’s economy as they continue to see opportunities […]

Seaport of Odessa, Ukraine [Photo/IC] On February 24, Russian President Vladimir Putin denounced the West for three decades of broken promises and the expansion of NATO, promising to “demilitarize and denazify” Ukraine and order a “special military operation”. In the West, the speech has been portrayed as a conspiratorial fantasy. Yet declassified documents show that […]

An unexpected pledge from top officials in Beijing this week to support the economy sent Asian stocks soaring after days of jitters over China’s coronavirus rebound, war in Ukraine and an uncertain property market. It was seen as a sign that China’s economic planners were acknowledging concern over burning tech and real estate issues to […]

Photo taken on Sept. 11, 2021 shows the “Belt and Road” international pavilion during the 18th China-ASEAN Expo in Nanning, south China’s Guangxi Zhuang Autonomous Region. (Xinhua/Lu Boan) China’s economic growth target of around 5.5% for 2022 is “very realistic” and it is possible that China will exceed that figure, said Khairy Tourk, professor of […]

Editor’s note: Dong Shaopeng is the deputy editor of Securities Daily. The article reflects the opinions of the author and not necessarily the views of CGTN. During a press conference on March 11, Chinese Premier Li Keqiang used vivid expressions, analogies and references to idioms to explain economic policies and the direction to follow. He […]

Illustration: Tang Tengfei/Global Times As many parts of China pull out all the stops to protect public health from a new round of COVID-19 infections, the Western media, which will seize every opportunity to denigrate the Chinese economy, is again using outbreaks. as a weapon to attack the Chinese dynamic. the zero COVID policy and […]

Yahoo Finance’s Karina Mitchell explains key takeaways from China’s annual parliamentary meeting, including GDP growth, military spending and China’s climate progress. Video transcript BRIAN SOZZI: Alright, China’s 3,000-member ceremonial parliament has gathered to open its annual session, at a time when the world is watching the country’s refusal to condemn Russia’s ongoing atrocities in its […]

NNA | Update: 03 March 2022 12:48 STI Hong Kong, Mar 03 (ANI): Amid China’s economic slowdown, the country’s economic challenges may multiply and its economy may be hit harder as a result of the Ukraine-Russia crisis.China’s economic slowdown has impacted its government, with 28 of China’s 31 provincial governments announcing reduced growth targets and […]

alexsl/iStock Unpublished via Getty Images This Thursday, Alibaba (NYSE: BABA) announced its fiscal third quarter results. This is an update to my previous article on BABA. Despite already quite unsatisfactory price performance in recent months, the stock lost after the earnings release. Data by YCharts As I already explained in the previous article, there are […]

China’s foreign trade and investment hit new highs last year, making positive contributions to the continued recovery and development of the national economy. An ocean ro-ro ship stands ready to transport Chinese-made automobiles overseas at Lianyungang Port in Lianyungang City, east China’s Jiangsu Province, Feb. 8, 2022. (People’s Daily Online/Wang Chun) In 2021, China’s total […]

By Li Xinping, People’s Daily China’s courier industry handled a total of 108.3 billion packages last year, which represents a 29.9 percent increase over the previous year and accounts for more than half of the packages handled in the world, according to the State Post Bureau (SPB). Many of those 108.3 billion packages made arduous […]

logistics By Li Xinping China’s courier industry handled a total of 108.3 billion packages last year, which represents a 29.9 percent increase over the previous year and accounts for more than half of the packages handled in the world, according to the State Post Bureau (SPB). Many of those 108.3 billion packages made arduous journeys […]

By Lu Yanan, People’s Daily In 2021, the first year of China’s 14th Five-Year Plan period (2021-2025), the country’s GDP soared to more than 114 trillion yuan (about 18 trillion US dollars), an increase of 8, 1% year-on-year at constant prices. Thanks to the efforts of the Chinese government and people, China has led the […]

TOKYO : Highlighting the side effects of Chinese President Xi Jinping’s “abrupt and extreme” policies, a report in a Japanese daily said Xi himself posed a risk to the Chinese economy. It comes as experts say weakening growth in the final months of 2021 could spell trouble as China grapples with a deepening housing slump, […]

Jhe crisis engulfing China’s real estate sector looks certain to intensify in 2022 as companies face debt repayments in the new year that are double those of the final months of 2021, risking what an expert Chinese call a systemic crisis for the world’s second largest economy. Although concerns over disaster giant China Evergrande have […]

A view of the skyscrapers in Beijing’s CBD district. [Photo by Sheng Peng/For China Daily] During the sixth plenary session of the 19th Communist Party of China Central Committee, there was a review of the CPC’s history and major achievements over the past century. From 1921 to 2021, the CCP led China to create countless […]

American Petroleum Institute estimates the fall of 3.67 million barrels of U.S. crude oil, beating expectations for a drop of 2.63 million barrels Oil prices rose on Wednesday on statements about the ability of the world’s second-largest economy, China, to sustain economic growth and projections of a bigger-than-expected fall in U.S. inventories, though […]

Experts and economists discuss China’s economic outlook for 2022 at the Global Times Annual Forum in Beijing on December 11, 2021. Photo: Li Hao/Global Times China’s economy could grow by around 6% in 2022, a year in which the economic calendar is expected to be punctuated by major events, including the Beijing Winter Olympics and […]

(ECNS) — Experts attending the International Finance Forum (IFF) 2021 Annual Meeting held in Guangzhou, south China’s Guangdong Province, agreed on Sunday that steady growth remains the key to the Chinese economy and that the country is on the verge of opening up further. Yu Lan, chairman of China News Service, attended the 2021 IFF […]

– Yi Huiman, chairman of the China Securities Regulatory Commission, hailed the launch of BSE as “another milestone in the reform and development of the Chinese capital market.” – The first group of 81 companies launched on Monday are the best performing in their respective sectors, benefiting from strong business operations and great growth potential. […]

Citigroup (VS) CEO Jane Fraser, who heads the third-largest U.S. bank, said in a new interview that she expects weak near-term growth in China’s economy as the country continues to strengthen domestic consumption and reduce its dependence on exports. The bank is approaching China “cautiously,” but remains optimistic about the country’s role in long-term global […]

Bank of America Corp. and Citigroup Inc. are among those issuing the warning that the expansion will be lower this year than the 8.2% expected by the consensus of economists. The crisis could last into next year, forcing growth below 5%, they warn. Outside of 2020’s 2.3%, that would be the lowest in three decades. […]

SHOUGUANG, China, Oct. 20, 2021 (GLOBE NEWSWIRE) — Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemicals in China today updated investors on the impact of global and Chinese economic issues on its business operations. Bromine prices have increased significantly worldwide and even more […]

News analysis Former President Donald Trump’s tariffs and sanctions have put China’s economy on the ropes. The new administration enforces these tariffs and restrictions. In its first 10 months in office, the Biden administration banned the import of certain materials from Xinjiang and sanctioned Beijing for human rights abuses in the region, NATO has argued […]

INDUSTRY COMMENT: The energy sector is poised for a mixed-to-weak start, supported by strength in major equity futures and under pressure from underlying commodity weakness WTI and Brent crude oil futures continued to decline slightly for the second consecutive session, weighed down by last night’s industry supply report which showed US crude inventories rose by […]