China Economy
China Reports 3% GDP Growth For 2022 As December Retail Sales, Industrial Production Beat Estimates
Tue, Jan 17, 2023
China's GDP growth was better than expected. China's GDP growth in 2022 was 3%. China's GDP growth is the lowest in 50 years. Retail sales, factory production are also weak in China. Iron ore, steel and copper under pressure. Know the complete details from Neha.
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China economy recovering but hampered by virus outbreaks
Tue, Jan 10, 2023
The abrupt decision by President Xi Jinping's government to end controls that shut down factories and kept millions of people at home will move up the timeline for economic recovery, but might disrupt activity this year as businesses scramble to adapt, forecasters say.
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ADB cuts India's GDP growth forecast for FY23 to 7% on high inflation, monetary tightening
Wed, Sep 21, 2022
India's economy grew 13.5 per cent year-on-year in the first quarter of 2022-23, reflecting strong growth in services, ADB said in a supplement to its flagship ADO report on Wednesday.
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Commodity Superfast: Base Metals Recovers Amid Reports Of Relief Package In China
Thu, Jul 07, 2022
Base metal prices recovered amid reports of relief package in China. LME Metals jumped 2-4%. LME Copper price has rosed by about 4%. MCX Copper is trading at Rs 660 with a strength of 2%. Zinc rose 2% and aluminum 1%. LME Nickel has gained 4.5%. China's economic package of $22000 Cr may be announced soon.
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China industrial profit growth accelerates in Sept despite cost pressures
Wed, Oct 27, 2021
Profits at China’s industrial firms rose at a faster pace in September even as surging raw material prices and supply bottlenecks squeezed margins and weighed on factory activity. Profits jumped 16.3% on-year to 738.74 billion yuan ($115.72 billion) the statistics bureau said on Wednesday, quickening from the 10.1% gain reported in August.
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China Evergrande Crisis: Evergrande to raise $5 billion from property unit sale
Mon, Oct 04, 2021
According to a report by China’s state-backed Global Times, the country’s troubled property developer Evergrande will a half-stake in its property management unit to Hopson Development for more than $5 billion.
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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.
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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.
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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.
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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.
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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.
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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
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