Tag: China

China’s manufacturing activity continued to expand among smaller manufacturers in November, signaling that the country’s recent stimulus efforts have already helped to lift certain sectors of its ailing economy, according to a private survey released Monday.

China warned on Thursday it would take “necessary actions” to protect Chinese firms if the U.S. escalated chip control measures, following reports that the Biden administration could unveil new export restrictions as soon as this week.

China on Friday reported strong growth in retail sales and a decline in real estate investment in October, signaling that the country’s recent stimulus push has already worked to bolster certain sectors of its flagging economy.

China has approved a 10 trillion yuan ($1.4 trillion) plan to bolster its ailing economy by allowing local governments to refinance their debt, unveiling additional stimulus measures to counter a potentially volatile growth path marked by the impending return of Donald Trump to the White House.

Glimmers of possible green shoots emerged in October in several economic China Beige Book tracks but the private research firm said on Wednesday that the country’s property market didn’t exhibit clear signs of improvement despite Beijing’s latest policy measures.

The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3% at the end of its highest profile investigation that has divided Europe and prompted retaliation from Beijing.

Chinese electric vehicle maker stocks rose in Hong Kong after a report that the government will take measures to support the sector.

China’s parliament will hold a highly anticipated meeting Nov. 4 to 8, state media said Friday, according to a CNBC translation.

The one-year loan prime rate (LPR) has been cut to 3.1%, while the five-year LPR has been trimmed to 3.6%, the People’s Bank of China (PBOC) said.

China on Friday reported better-than-expected retail sales and industrial production for September.

China reported its third-quarter gross domestic product slowed to a 4.6% rate in the third quarter from 4.7% in the second quarter

China’s exports and imports both missed expectations in September, raising concerns about one of the few bright spots in the world’s second largest economy.

China’s Ministry of Finance press briefing over the weekend underscored how it is focused on tackling local government debt problems, instead of the stimulus markets have been waiting for.

Chinese stocks rallied in the first day back from their long holiday, but disappointment that Beijing announced no further stimulus measures saw gains sharply pared and left Hong Kong with chunky losses.

China’s retail sales, industrial production and urban investment in August all grew slower than expected, according to National Bureau of Statistics data released Saturday.

China’s exports rose by 8.7% year-on-year in U.S. dollar terms in August, according to the customs agency.

China’s monthly inflation rate clocked in below expectations on Monday, sending stocks tumbling as investors fretted that the economy is still struggling.

China’s factory activity grew modestly among smaller manufacturers last month as export orders offset weakening domestic consumption, according to a private survey.

The European Union on Tuesday said planned tariffs on Tesla vehicles being imported from China would be cut to 9% from 20.8%, while also reducing a number of planned import duties on other Chinese electric vehicle firms.

China’s consumer inflation rose a touch more than expected in July, a tentatively encouraging sign for policymakers who have been struggling to boost household spending.