Page 5 - China Economy

China's property distress sours steel sector in warning sign for economy

Steel's acute sensitivity to the ebbs and flows in construction and manufacturing makes it a closely-tracked bellwether for China's economy, which has started to slow down from the second quarter.

After record year of fundraising, Asia IPOs set to face headwinds in 2022

Thanks to a blistering first half amid a global boom, initial public offerings in the region have reached $190 billion so far this year.

Creditors sue China Evergrande Group for $13 billion in claims

A Chinese court assigned to handle civil lawsuits against Evergrande accepted 367 cases

Chinese authorities scrutinising assets of Evergrande Group, its chairman

The audit, previously unreported, highlights how Beijing is taking charge at Evergrande after the real estate giant missed payments on two overseas bonds

China finance minister urges deeper property tax reforms: Report

China's property market has been a key driver of the country's economic growth, but it has been hit this year by tighter regulations and a liquidity crisis

China's factories speed up but new Covid-19 pain hits retailers

The data, along with a slowdown in investment growth, underlines the persistent headwinds facing the economy, which have already prompted policymakers this month to ratchet up support

China Nov crude steel output down 3.2% on month as pollution curbs remain

The world's top steel producer made 69.31 million tonnes of the industrial metal last month, compared with October's output of 71.58 million tonnes

China cen bank injects 500 bn yuan via medium-term loans, rate unchanged

The People's Bank of China (PBOC) said it was keeping the rate on 500 billion yuan ($78.5 billion) worth of one-year medium-term lending facility (MLF) loans steady at 2.95%.

Economy, markets, investing strategy: Nomura's outlook for India in 2022

Within the Asian region, the global research and broking house has maintained an overweight stance on China, Korea and Indonesia for 2022. Thailand and Philippines remain their key underweights.

China promises tax cuts, support as it scrambles to control global message

A statement issued after an annual planning meeting led by President Xi Jinping called for "maintaining stability"

Chinese conglomerate HNA cedes control of core airline operations

The handover is the latest step in the long dissolution of one of China's biggest conglomerates

Chinese govt thinktank proposes growth target of above 5% for 2022

China's top government thinktank on Monday recommended the government set an economic growth target of above 5% for next year as the economy slows due to Covid-19 cases and high commodity prices.

Disclose more information or delist, SEC diktat for Chinese companies

Didi set to leave New York, make HK debut

Citigroup applies for China securities license, to hire 100: WSJ report

The bank recently submitted its application to the China Securities and Regulatory Commission, says report.

China's yuan firms despite weaker mid-point, but downward pressure builds

The strength comes even after the People's Bank of China set the midpoint rate at 6.3738 per dollar prior to market open.

China basks in Covid Zero approach as other nations scramble for Omicron

Country closed border indefinitely at the beginning of the pandemic, intensifying its stringent curbs ever since.

China carbon emissions fall for first time since Covid rebound, report says

The world's biggest emitter of greenhouse gases saw CO2 emissions drop by around 0.5% in July-September from a year earlier.

China's meat imports drop to 20-month low in October: Customs data

Shipments in the first 10 months of 2021 were 8.05 million tonnes, down 1.5% from last year's volumes, the data showed.

China Oct exports beat forecasts, offer buffer to slowing domestic economy

Imports, however, missed analysts' expectations, likely pointing to the overall weakness in domestic demand.

China's nonferrous group suggests commercial reserves for metals: Report

China should improve its capability to secure nickel and cobalt resources and set up commercial reserves for the metals, an official with the China Nonferrous Metals Industry Association said.