Page 3 - China Economy

China's GDP may decrease if country continues to impose COVID-19 lockdown

China's GDP growth could decrease by 1-2% if Beijing, in order to fight the COVID-19 outbreak which is highest in the last two years, continues to impose lockdown in large portions of the country.

Ukraine peace talks, China stimulus, US rate rise prospects lift stocks

LONDON (Reuters) - Prospects of peace talks between Russia and Ukraine, Chinese stimulus and an imminent U.S. interest rate rise lifted stocks and U.S. Treasury yields on Wednesday.

China's lockdowns due to Covid surge could threaten half of economy

Widespread lockdowns in China akin to the measures just taken in the southern technology hub of Shenzhen could affect half of the country's gross domestic product

Amidst economic uncertainties, China analysts hopeful of economic growth

Chinese analysts have expressed hope for economic growth in the country even as China faces increased uncertainties.

China premier confident of hitting 2022 growth target as hurdles continue

China rarely misses its economic growth target, but many economists believe the 2022 goal will require additional stimulus to ward off a slowdown.

Coal still at heart of China energy plan after annual parliamentary meeting

Energy security worries have already driven mining output to record highs and seen new coal-fired power plants go into construction.

China's exports, imports grow in double digits in January-February

China's exports rose by double digits in January-February in a sign global demand is reviving while imports also gained despite a downturn in the world's second-largest economy. Exports grew by 16.3% over a year earlier to $544.7 billion in the two-month period, customs data showed Monday. Imports advanced 15.5% to $428.7 billion. Chinese authorities combine trade data for the first two months to screen out fluctuations due to the Lunar New Year holiday, which falls at different times each year in January or February. Factories shut down for up to two weeks, then restock after they reopen. Exports to the United States rose 13.8% over a year earlier to $91.5 billion despite higher U.S. tariffs in a lingering trade war with Beijing. Imports of American goods gained 8.3% to $31.7 billion. That was despite an abrupt slide in Chinese economic activity to 4% over a year earlier in the final quarter of 2021, compared with 8.1% for the full year, due to a crackdown on corporate debt. The

At 5.5%, China sets lowest economic growth target in decades

China has set its economic growth target at around 5.5 per cent in 2022 as the country's lawmakers and political advisors gathered in Beijing to map out development priorities for this year

China plans bigger tax cuts in 2022 to spur economic growth

China to unveil bigger tax and fee cuts this year and step up payments to local governments to offset their hit to revenues, Finance Minister Liu Kun said, amid efforts to support a slowing economy.

China's answer to rising sea levels, food insecurity: 'seawater rice'

Chinese scientists have developed salt-tolerant strains of rice and planned to feed 80 mn people

China's new crackdown shows $1.5 trillion tech rout not over yet

Hong Kong's Hang Seng Tech Index, which tracks mainland's biggest tech companies, tumbled the most in three weeks

China Jan auto sales post first monthly rise after eight months of falls

Sales of new energy vehicles (NEVs) in January reached 431,000, for an annual increase of 135.8%, according to the data

Chinese city cuts home down-payment ratio in bid to boost demand

Regulatory curbs on borrowing have driven China's property sector -- a major economic growth driver -- into a sharp downturn, squeezing the cash-flow of many developers and chilling buyer sentiment

China's finance minister vows more fiscal support ahead of party congress

The key once-in-five-years party congress will be held in autumn this year, when Chinese President Xi Jinping is widely expected to be confirmed for a third five-year term

New regulations hit China in global tech, media and telecom IPO market

Regulatory crackdown in China has shrunk the country's share in the global tech, media and Telecom (TMT) IPO market by 9% last year, a new report showed on Wednesday.

China seen rolling over medium-term loans, rate change not expectedin

The PBOC said on Friday it would keep liquidity reasonably ample and step up financing support for key sectors and weak links of the economy, but not resort to 'flood-like' stimulus

George Soros warns against investing in China amid real estate crisis

Soros said that President Xi Jinping may not be able to restore confidence in the troubled industry, which has been hit by a series of defaults by developers and falling prices for land and apartments

Credit Suisse expects 50 bps cut in China's RRR in the first half of 2022

Credit Suisse also raised its rating to 'overweight' on Chinese equities, from 'benchmark' earlier.

China's Dec industrial profits grow slowly; central bank support likely

Figures for the whole of last year show a rebound, with industrial profits surging 34.3% to $1.37 trillion.

China Evergrande shares fall as restructuring plan disappoints creditors

The group's communication with creditors comes against the backdrop of Beijing tightening control over it.