Tag: China

China’s trade slumped this year amid lackluster global demand for Chinese good and muted domestic demand.

Consumer price index for September was flat on an annual basis in September, the National Bureau of Statistics reported Friday.

China’s old economic model of relying on investments in real estate has “run its course” and the government needs to consider boosting consumption to drive recovery, according to the IMF.

BEIJING, Oct 11 (Reuters) – Car sales in China increased 4.7 percent in September from the same month a year ago, official data showed, boosted by more people buying discounted and new models ahead of key holidays.

China’s big “Golden Week” holiday saw domestic tourism rebound to around pre-pandemic levels, while overseas travel had yet to fully recover, according to official figures.

China plans to increase its computing power by 50% by 2025, the country’s key ministries said Monday, as it looks to keep pace with the U.S. in artificial intelligence and supercomputing applications.

There is an electric vehicle price war in China. It’s working.

China’s demand for many major commodities has been growing at “robust rates,” Goldman Sachs said in a recent note.

BEIJING, Sept 30 (Reuters) – China’s factory activity expanded for the first time in six months in September, an official survey showed on Saturday, adding to a run of indicators suggesting the world’s second-largest economy has begun to bottom out.

Alibaba , XPeng  and other popular U.S.-listed Chinese stocks were surging early Friday after Beijing proposed easing rules on cross-border data flows.

Corporate borrowing fell back to “very low levels” as loan rejections and the average loan rates spiked despite several moves from the People’s Bank of China to lower the cost of borrowing.

The U.S. Commerce Department on Friday is issuing final rules to prevent semiconductor manufacturing subsidies from being used by China and other countries deemed to pose American national security concerns.

China repeated rules to ensure free cross-border money transfers for foreign businesses in its two most important cities amid efforts to win back companies as overseas investment slumps and the economy slows.

Demand for foreign travel in China has reached its highest level in two years, the organisers of the ITB travel conference said on Tuesday citing a survey in which some 80% of respondents said they planned to travel abroad in the next 12 months.

China’s retail sales and industrial production picked up pace in August with better-than-expected growth, according to National Bureau of Statistics data released Friday.

The European Commission, the executive arm of the European Union, on Wednesday launched an investigation into subsidies given to electric vehicle makers in China, according to President Ursula von der Leyen.

China’s passenger vehicle sales jumped 2.2% in August from a year earlier, data from the China Passenger Car Association (CPCA) showed on Friday.

China reported Thursday another monthly decline in imports and exports, albeit less steep than expected.

A key gauge of Chinese property stocks rallied to its highest level in about four weeks with market watchers pointing to speculative flows betting on more policy support for the struggling sector.

 China is set to launch a new state-backed investment fund that aims to raise about $40 billion for its semiconductor sector, two people familiar with the matter said, as the country ramps up efforts to catch up with the U.S. and other rivals.