Page 11 - China Economy

Oil prices decline after China September quarter growth disappoints

The world's second-largest economy in the third quarter expanded by 4.9% from a year earlier

Car sales in China shine as rest of the world reels from coronavirus

Sales of sedans, SUVs, minivans and multipurpose vehicles jumped 7.4 per cent in September from a year earlier to 1.94 million units

Beijing Autoshow: Great Wall to boost overseas sales to ease overall drop

BEIJING (Reuters) - Great Wall Motor <601633.SS> aims to boost overseas sales this year, an official at China's top pickup truck maker said on Saturday, helping to ease an overall drop caused by COVID-19.

Beijing Auto show: Demand rebound, EV boom mix with murky outlook

China's auto sales rose 11.6% in August from a year earlier, the fifth straight rise after plunging on coronavirus lockdowns

Nissan to launch slew of new vehicles in China over next five years: CEO

BEIJING (Reuters) - Nissan Motor's chief executive <7201.T> said on Saturday he planned to launch a number of new vehicles in the growing Chinese market over the next five years, including electrical cars, that could help the struggling Japanese automaker return to profit.

China's August industrial output accelerates as recovery gathers pace

An annual decline in fixed-asset investment over January-August also moderated due to government stimulus efforts

China auto sales increase 6% in August, down 15.4% from year-ago period

China's car sales rose 6% in August over a year earlier as the industry's biggest market recovered from Covid-19, but purchases for the year to date were off more than 15%, an industry group reported

Global economy to contract 4.4%, China to grow at 2.7% in 2020: Fitch

Fitch Ratings projected global GDP to contract 4.4 per cent in the current year but revised upwards China's growth estimate to 2.7 per cent for 2020

Chinese regulators vow to expand stock connect in further market opening

Expanding stock connect programme link with Hong Kong among other steps

Xi seeks deeper ties, says China will keep opening service firms to world

Xi reiterated that China would develop a "negative list" for services industries, which would allow foreign firms to enter areas that aren't on the list. He did not say when the list would be released

How a 'Lone Wolf' tycoon created 68 millionaires with his water empire

Based on the HK$21.50 ($2.77) pricing, Zhong's 84% post-IPO stake in Nongfu is valued at $26 billion, putting his net worth at $38 billion

China's mega banks post worst profit slump in a decade on bad debt wave

Pressured by the government to lend to businesses, loans and advances at the four big banks rose between 7% and 10% in the first half, even though bad debt surged

China injects $101 billion to ease liquidity, holds interest rate

The People's Bank of China (PBoC) added 700 billion yuan ($101 billion) of one-year funding via the medium-term lending facility

China's new bank loans fall further, but broad credit growth quickens

Analysts polled by Reuters had predicted new yuan loans would fall to 1.20 trillion yuan in July. The new loans were lower than 1.06 trillion yuan a year earlier

China's July iron ore imports hit record high on robust demand; up 24%

China's iron ore imports in July surged to a record, up 24% from a year earlier, driven by shipments from miners and resilient demand as the economy bounced back after disruptions from pandemic

Urged by central bank, China weighs antitrust probe into Alipay, WeChat Pay

Any investigation would likely dampen enthusiasm for Ant Group's planned dual listing in Hong Kong and Shanghai that is seeking a valuation of more than $200 billion

China pledges policy support in H2 amid 'complex' economic situation

"Many problems facing China are expected to exist for the medium- to long-term. (We) must have the mindset to fight a long-term battle," it added

China's economy grows 3.2% as virus lockdowns for coronavirus are lifted

China, where the coronavirus pandemic began in December, was the first economy to shut down

China's services sector grows at fastest pace in over a decade in June

China's services sector expanded at the fastest pace in over a decade in June as the easing of coronavirus-related lockdown measures revived consumer demand, though companies continued to shed jobs.

China factory activity improves in June but exports weak on poor demand

China's manufacturing activity improved in June after anti-virus controls were eased to revive the economy but export demand was weak, a survey released Tuesday showed.