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China Economy News
Dragon dying? Massive slowdown! China's economic growth rate slowest since 1990
Mon, Jan 21, 2019
The uncertain outlook for Chinese exporters caused companies to delay investing and hiring and in some cases even to resort to layoffs - a practice that is often discouraged by China's stability-obsessed Communist Party rulers. The official jobless rate ticked up to 4.9 per cent last month from 4.8 per cent in November.
China's economic growth slumps to lowest since 2009
Sat, Oct 20, 2018
China`s economic growth slumped to its lowest since 2009 as it grew by 6.5 per cent in the third quarter from a year earlier. The announcement by the Chinese government on Friday comes at a time when Beijing is locked in a bleeding trade war with Washington.
China's Q2 GDP growth seen easing to around 6.7 percent - official think tank
Sat, May 19, 2018
The forecast was slightly slower than the 6.8 percent expansion posted in the first quarter. The SIC is an official think tank affiliated with the National Development and Reform Commission, the country`s top economic planning agency.
China's April exports bounce back more than expected despite trade dispute with US
Tue, May 08, 2018
China`s April exports rose 12.9 percent from a year earlier, beating analysts` forecasts for a 6.3 percent increase and snapping back from a 2.7 percent drop in March, which economists believe was heavily distorted by seasonal factors. The heated row with Washington and threats of tit-for-tat punitive measures on trade and investment have added to existing concerns about an economic slowdown in China this year.
China's premier Li Keqiang pledges further market opening as talk of trade war mounts
Tue, Mar 20, 2018
China will improve access to its services and manufacturing sectors while further lowering import tariffs, including those on cancer-related drugs, Li also said at his once-a-year press conference. He did not give more specifics. "China`s economy has been so integrated with the world`s, that closing China`s door would mean blocking our way for development," Premier Li Keqiang said.
China keeps growth target at 6.5 percent, stays focused on financial risks
Mon, Mar 05, 2018
China aims to expand its economy by around 6.5 percent this year, the same as in 2017, while pressing ahead with its campaign to reduce risks in the financial system, Premier Li Keqiang said on Monday. The goal was kept unchanged, even though the economy grew 6.9 percent last year and exceeded th
IMF's 7.4% growth forecast for India in FY19 a boost to Modi govt
Tue, Jan 23, 2018
IMF in its World Economic Outlook update, January 2018, said that India will grow 7.4% and 7.8% in FY19 and FY20, respectively.
China's debt crackdown hits cash loan providers
Sat, Dec 02, 2017
Led by companies such as Qudian Inc and PPDAI Group Inc, the Chinese micro-lenders raised $1.2 billion with splashy U.S. listings, cashing in on a boom in borrowing by consumers in China with little access to traditional banks.
China aims to stop renewable energy being wasted by 2020
Tue, Nov 14, 2017
Power from wind, solar and hydro plants is often wasted as there is not enough transmission capacity to absorb it, leading to high curtailment rates, especially in northwestern China.
China third quarter GDP growth likely to cool as property, debt curbs bite
Thu, Oct 19, 2017
China is expected on Thursday to post a modest slowdown in third quarter economic growth from the previous quarter as the government`s efforts to rein in the property market and debt risks weigh on activity in the world`s second-largest economy.
China factory growth fastest in three months as new orders, output rise
Fri, Jun 30, 2017
China`s manufacturing sector expanded at the quickest pace in three months in June, buoyed by strong production and new orders, reassuring news for authorities trying strike a balance between deleveraging and keeping the economy on an even keel.
China May factory activity contracts for first time in nearly a year -Caixin PMI
Thu, Jun 01, 2017
The findings sharply contrast with official readings on Wednesday which showed steady manufacturing growth, but the Caixin report tends to focus on smaller firms which are not believed to be benefiting as much from a construction boom as large state-owned companies and industries such as steel mills.
China's second-quarter GDP growth seen at around 6.8%, says State Information Center
Sat, May 20, 2017
China's economic think tank the State Information Center has recently said in an article that the country's economy is likely to expand around 6.8% in the second quarter of 2017.
China's manufacturing growth slows to a six-month low in April
Sun, Apr 30, 2017
Demand weakened across the board with the biggest decline in the input price sub-index, which fell to 51.8, its slowest expansion since June last year, from 59.3 in March.
China's first quarter GDP growth picks up to 6.9%, beats forecast
Mon, Apr 17, 2017
Analysts polled by Reuters had expected the world`s second-largest economy to have expanded by a steady 6.8% in the quarter, the same pace as in the fourth quarter of 2016.
China's economy to grow by 6.8% in Q1: Report
Sun, Apr 09, 2017
Goldman Sachs expected China's industrial production to rise 6.4% in March, slightly higher than the 6.3% growth for January and February.
China Jan-Feb industrial profits surge 32% as commodity prices rally
Mon, Mar 27, 2017
Profits of Chinese industrial firms surged 31.5 percent in the first two months of 2017 from a year earlier as prices of commodities from coal to iron ore raced higher, while strong imports also pointed to a pick-up in activity.
China sets 2017 growth target at 25-year low
Sun, Mar 05, 2017
China`s 6.7% growth last year outpaced most other economies and accounted for more than 30% of global growth, according to the report.
China services sector extends strong growth in January but pace eases: Caixin PMI
Mon, Feb 06, 2017
China's services PMI has declined marginally to 53.1 in January on a seasonally adjusted basis from 53.4 in December, showed the Markit/Caixin services purchashing managers' index (PMI).
China Q4 GDP grows 6.8%, but debt risks loom
Fri, Jan 20, 2017
The economy expanded 6.7% in 2016, the National Bureau of Statistics said on Friday.