Tag: China

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.

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.