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Chinese Economy News
China's $175bn defence budget three times higher than India's
Mon, Mar 05, 2018
China's defence budget: China has the world`s largest standing Army and spends the most on defence after the US in the world. President Xi Jinping has vowed to make the Chinese Army a modern force by cutting down its troops.
China fourth-quarter GDP grows 6.8% year-on-year, beats expectations
Thu, Jan 18, 2018
Chinese policymakers have been trying to contain financial risks and slow an explosive build-up in debt without stunting economic growth.
Oil prices close to mid-2015 highs, but doubts over further rises loom
Wed, Jan 03, 2018
Brent crude futures - the international benchmark for oil prices - were at $66.55 a barrel, down 2 cents but still not far off the $67.29 May 2015 high from the previous day.
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 April industrial profits up 14% but slowing pace stokes economy worries
Sat, May 27, 2017
Chinese industrial firms have reported 14% rise in profit for April this year but has slowed down as compared to March month on back of falling prices of finished products, raw material costs and slower profit growth of industries like steel, autos and chemicals.
Moody's downgrades China rating to A1 from Aa3, cites slow econominc growth as reason
Wed, May 24, 2017
Moody's downgrades China rating to A1 from Aa3, cites slow econominc growth as reason. Watch complete news story for getting the detailed updates from stock market!
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 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 does not want to see trade war with US - Premier Li
Wed, Mar 15, 2017
US media have reported that US President Donald Trump and Chinese President Xi Jinping will meet in Florida next month.
China's February service sector growth slows to 4-month low as competition gets fierce: Caixin PMI
Fri, Mar 03, 2017
China's services sector expanded at the slowest pace in four months in February, with new business still growing at a solid rate but increasing competition making it harder for companies to raise prices, a private survey showed.
China banks extend record 12.65 trillion yuan in loans in 2016 as debt worries mount
Thu, Jan 26, 2017
China's banks have extended a record 12.65 trillion yuan ($1.84 trillion) of loans in 2016 as the government encouraged more credit-fueled stimulus to meet its economic growth target.
China steps up capital controls, tightens investment rules for state firms
Wed, Jan 18, 2017
China issued regulatory rules on outbound investments by centrally-controlled state firms, the state asset regulator said on Wednesday, the latest move by Beijing to tighten controls on money moving out of the country and stabilise a faltering yuan.
China to target around 6.5% economic growth in 2017: Sources
Mon, Jan 16, 2017
China will lower its 2017 economic growth target to around 6.5% from last year`s 6.5-7%, policy sources said, reinforcing a policy shift from supporting growth to pushing reforms to contain debt and housing risks.
China central bank adviser calls for flexible 2017 growth target
Sun, Jan 01, 2017
The Chinese government should set a more flexible target for economic growth this year to give more space for reform efforts, a central bank adviser told the official Xinhua news agency in comments published on Sunday.
China to relax curbs on foreign investment in banking, securities
Fri, Dec 30, 2016
China will focus on freeing up foreign investment in banking, insurance, securities and futures as part of a wider opening up of the services sector, the country`s state planner said in a document on Friday.
China's November industry profits grow well, but chance to sustain gains clouded
Tue, Dec 27, 2016
China`s industrial sector showed the strongest profit growth in three months in November, suggesting the world`s second-largest economy was improving, though policymakers noted gains were too dependent on rebounding prices for oil products, iron and steel.
China's November home prices show govt curbs starting to cool sharp rally
Mon, Dec 19, 2016
China`s home prices slowed further last month as a raft of curbs cooled a furious price rally, but a supply shortage in parts of the nation and sizable inventories elsewhere underscored the challenges facing policymakers as they try to stabilise a polarised market.
China's economy will grow around 6.5% in 2017; yuan to continue falling: CASS Researchers
Mon, Dec 19, 2016
China`s economy will grow around 6.5% in 2017, while the yuan will continue to fall, government researchers said in Beijing on Monday.