Page 2 - China Economy
Gold prices hit 1-month high as Ukraine crisis dulls risk appetite
Spot gold was up 0.8% at $1,989.65 per ounce, as of 0723 GMT, hitting its highest since March 11. U.S. gold futures were up 0.9% at $1,993.40
 "Gold prices hit 1-month high as Ukraine crisis dulls risk appetite")
China's economic growth nears still-weak 4.8% in January-March 2022
The national economic recovery was sustained and the operation of the economy was generally stable, said a government statement
 "China's economic growth nears still-weak 4.8% in January-March 2022")
China unlikely to achieve GDP targets as Covid-19 crisis worsens
With a property market slump and regulatory crackdowns last year the policymakers set the lowest annual GDP target for China in decades for 2022, reported Dawn
 "China unlikely to achieve GDP targets as Covid-19 crisis worsens")
China's Shanghai reports 3,238 local coronavirus cases in 24 hours
China's economic hub Shanghai reported 3,238 confirmed locally transmitted COVID-19 cases in the last 24 hours, the municipal health commission said on Sunday.
 "China's Shanghai reports 3,238 local coronavirus cases in 24 hours")
China's central bank gives lenders cash boost to spur growth
The People's Bank of China lowered the reserve requirement ratio for most banks by 25 basis points and for smaller banks by 50 basis points, according to a statement published Friday
 "China's central bank gives lenders cash boost to spur growth")
Indian economy looks better than others, but don't raise a cheer just yet
The comparative numbers spell bad news for the world rather than any good news for India, whose growth forecasts are getting tempered even as the inflation picture is getting worse, writes T N Ninan
China cuts reserve requirements for banks as economy slows
China's exports, the last major growth driver, are also showing signs of fatigue, and some economists say the risks of a recession are rising
Shanghai reports slight drop in Covid cases as economic impact bites
China's efforts to stop the virus with a strict 'zero-COVID' policy are triggering economic disruptions that are rippling through global supply chains for goods from electric vehicles to iPhones
 "Shanghai reports slight drop in Covid cases as economic impact bites")
China's services sector activity squeezed by surge in Omicron cases
Activity in China's services sector contracted at the steepest pace in two years in March as the local surge in coronavirus cases restricted mobility and weighed on client demand
 "China's services sector activity squeezed by surge in Omicron cases")
China manufacturing falls to 5-month low as anti-virus controls tighten
China's manufacturing activity fell to a five-month low in March after most of Shanghai and two other industrial centres were shut down to fight coronavirus outbreaks, a survey showed Thursday.
 "China manufacturing falls to 5-month low as anti-virus controls tighten")
China tries to limit economic blow of Shanghai shutdown due to Covid surge
As millions of Shanghai residents line up for coronavirus tests in the closed-down metropolis, authorities are promising tax cuts for shopkeepers
Covid-19: China lockdowns costing $46 billion a month, say experts
A worst-case scenario would be a lockdown of all cities for one month, which would cut national GDP by 53 per cent over that period.
 "Covid-19: China lockdowns costing $46 billion a month, say experts")
Shanghai says will hand out $22 bn in tax relief to firms amid Covid fight
China's Shanghai said it would roll out policies to help the local economy cope with a surge in Covid-19 cases in the city, including offering refunds that will reduce firms' tax burdens by $22 bn
 "Shanghai says will hand out $22 bn in tax relief to firms amid Covid fight")
China economy faces worst slowdown since Covid pandemic, says Nomura
China's economy faces its worst downward pressure since the spring of 2020 when it was hit by the first wave of Covid-19, according to Nomura Holdings Inc
 "China economy faces worst slowdown since Covid pandemic, says Nomura")
Kaisa latest China developer to delay earnings results; shares fall
Company says a coronavirus lockdown in Shenzhen left audit work incomplete so it cannot publish financial results on time.
 "Kaisa latest China developer to delay earnings results; shares fall")
China's economic slowdown presents major opportunities for India
China's economic slowdown is altering the geo-economic dynamics resulting in creating supply chains and new opportunities for India.
 "China's economic slowdown presents major opportunities for India")
Xi's chances of securing third term looks bleak over economic downturn
Doubts have started emerging over Xi Jinping securing a third term in the autumn of 2022 over loud voices of dissension within the Chinese Communist Party (CCP) due to economic downturn
 "Xi's chances of securing third term looks bleak over economic downturn")
Three major reasons why the old world order isn't about to collapse
China thinks it will be able to replace the post-1945 system, but history shows that is not going to happen.
 "Three major reasons why the old world order isn't about to collapse")
China's Xi signals tweaks to Covid strategy as economy under strain
Chinese President Xi Jinping pledged to reduce the economic impact of his Covid-fighting measures, signaling a shift in a longstanding strategy that has minimized fatalities
 "China's Xi signals tweaks to Covid strategy as economy under strain")
China stocks rise on govt pledges of support, Ukraine peace talks hopes
Markets took a widely expected rate hike by the US Federal Reserve in stride, despite worries about weakening global growth.
 "China stocks rise on govt pledges of support, Ukraine peace talks hopes")
