Tag: China

Economists at Goldman Sachs lowered their forecasts for China’s economy this year as they counted the costs of the country’s disappointing recovery from pandemic-era restrictions.

The People’s Bank of China indicated that it’s serious about getting the world’s second-biggest economy back on track.

China’s economy stumbled in May with industrial output and retail sales growth missing forecasts, adding to expectations that Beijing will need to do more to shore up a shaky post-pandemic recovery.

China’s youth unemployment rose to a record in May, while major data missed expectations, according to data released Thursday by the National Bureau of Statistics.

Weakness in China’s real estate sector could be a drag on the economy for years to come and could even impact countries in the wider region, Wall Street banks have warned.

Inflation in China stayed at low levels in May, as the economy struggles to recover even after its strict Covid lockdown measures lifted late last year.

China’s largest banks cut interest rates for savers on Thursday in a bid to boost growth in an economy where consumption has been slow to recover.

China’s exports fell in May for the first time since February, adding to concerns that growth in the world’s second-largest economy could be faltering.

China’s services activity picked up in May, a private-sector survey showed on Monday, as a rise in new orders shored up a consumption-led economic recovery in the second quarter.

China is poised to extend incentives for electric-vehicle purchases as part of broader efforts to shake off a sluggish post-pandemic period.

China’s factory activity shrank faster than expected in May on weakening demand, heaping pressure on policymakers to shore up a patchy economic recovery and knocking Asian financial markets lower.

China’s much-vaunted economic rebound after its emergence from strict zero-Covid lockdown measures has yet to fully materialize, prompting some economists to speculate that further fiscal stimulus or monetary policy easing could be coming down the pipeline.

Fewer than 6% of U.S. flights to and from mainland China that existed in 2019 have resumed, according to a Nomura report.

A private jet used by Tesla CEO Elon Musk has arrived in Beijing, according to a Reuters witness.

China’s much-vaunted economic rebound after its emergence from strict zero-Covid lockdown measures has yet to fully materialize, prompting some economists to speculate that further fiscal stimulus or monetary policy easing could be coming down the pipeline.

Chinese stocks have slumped this week amid fears of a new wave of Covid-19 cases, which would risk growth in the world’s second-largest economy and test the decision to reopen the country after lockdowns induced a slowdown last year.

Chinese authorities are rushing to push out vaccines to fight an ongoing new wave of coronavirus cases expected to peak in June and infect as many as 65 million people a week, as the new XBB variant of the virus evolves to overcome the immunity built up after China’s abrupt exit from its “zero covid” policy last year.

China’s April industrial output and retail sales growth undershot forecasts, suggesting the economy lost momentum.

British engine maker Rolls-Royce said the new CEO’s plan to boost the company’s profitability was moving “at pace”, and it was on track to meet 2023 forecasts, buoyed by cost savings and the ongoing travel recovery.

BYD Co Ltd, on Wednesday cut the starting price of its best-selling Seal sedan by 10%, as the Chinese electric vehicle (EV) giant seeks to extend its lead in the world’s largest auto market with lower-priced products.