Tag: China

China’s top leaders vowed to boost domestic demand and tackle the country’s real estate crisis following a key meeting that laid out economic priorities for the new year.

China’s consumer prices fell the fastest in three years in November, while factory-gate deflation deepened, suggesting heightening deflationary pressure as weak domestic demand casts doubts over the economic recovery.

China’s Politburo said Friday that it would continue to implement “proactive” fiscal policies and “prudent” monetary policies next year, in a bid to bolster domestic demand.

Moody’s Investors Service cut its outlook for eight Chinese banks to negative from stable.

China’s exports unexpectedly ticked higher in November, while imports fell slightly from a year ago, according to customs agency data released Thursday.

Dec 5 (Reuters) – Ratings agency Moody’s cut its outlook on China’s government credit ratings to negative from stable on Tuesday, in the latest sign of mounting global concern over the impact of surging local government debt and a deepening property crisis on the world’s second-largest economy.

China official manufacturing PMI weakened to 49.4 in November from 49.5 in October, vs median forecast for 49.7.

BEIJING, Nov 27 (Reuters) – Profits at China’s industrial firms extended gains for a third month in October, albeit at a slower pace, suggesting more policy support from Beijing is needed to help shore up growth in the world’s second-largest economy.

SHANGHAI, Nov 21 (Reuters) – China’s major state-owned banks have been active in the currency market this week, buying the yuan and helping hasten its recovery against a broadly weaker U.S. dollar, two sources told Reuters on Tuesday.

President Joe Biden and Chinese leader Xi Jinping on Wednesday met for four hours and agreed to restart direct communications between their militaries, cooperate to curb the flow of precursor chemicals for fentanyl and discuss the risks of artificial intelligence as they try to keep their rivalry from spiraling into a conflict.

BEIJING, Nov 15 (Reuters) – China’s industrial output and retail sales growth beat expectations in October, but the underlying economic picture highlighted significant pockets of weakness with the crisis-hit property sector continuing to forestall a full-blown revival.

SHANGHAI, Nov 12 (Reuters) – China’s largest e-commerce player Alibaba Group said it recorded year-on-year growth over this year’s Singles Day sales period that ended at midnight on Saturday, while rival JD.com reported sales volumes at a record high.

China consumer price index shrank 0.2% year-on-year in October, more than an expected 0.1% decline.

BEIJING/SHANGHAI, Nov 8 (Reuters) – China’s car sales are expected to jump by more than 20% in November, the China Passenger Car Association (CPCA) said on Wednesday, citing increased confidence among carmakers striving to deliver annual sales goals in the world’s top auto market.

China’s exports fell by 6.4% year-on-year in October in U.S. dollar terms, China’s customs agency said Tuesday.

The International Monetary Fund on Tuesday raised its China growth forecast to 5.4% for 2023.

China signaled support for property developers and resolving local government debt problems in a high-level financial meeting this week, according to a readout.

China’s massive manufacturing sector has contracted once again amid weak demand, fueling calls for stronger policy support to boost growth.

China’s gross domestic product grew 4.9 per cent year on year in the third quarter, beating market expectations as Beijing steps up support for the world’s second-biggest economy.

China and Hong Kong markets will continue to grow, says former FTSE chief Mark Makepeace as he remains long term bullish on China.