While Musk tries to save US govt $1 trillion, China is struggling to spend enough cashChina is grappling with underspending its budget due to local officials' concerns over investment returns amidst efforts to address a slugg...
Beijing shores up its property sector, signals more spendingChina plans new steps to support the property sector and may increase government borrowing to boost the economy. Local governments will use...
China wants everyone to trade in their old cars, fridges to help save its economyChina's trade-in plan for electric vehicles aims to boost growth amid trade tensions. The initiative includes upgrading machinery, fiscal s...
China's GDP grew by 5.3% in 1st quarter of 2024 amid continued crisis in property sectorThe stronger-than-expected 5.3% growth in China's economy for the first quarter of the year comes as a positive surprise for analysts and p...
China signals more targeted stimulus after abrupt cut to bank reserve ratioTo further boost the economy, China's central bank, the PBOC, has launched plans to guide money into sectors of national importance. The PB...
China imports plunge, export growth slows as recovery wanesThe unexpected import plunge indicates trouble for economies that were expecting China’s emergence from Covid Zero to fuel their own export...
China's contradictory data fuels debate over the need for stimulusChina's economy is showing mixed signals on its recovery, with March's strong services surge being accompanied by weakened inflation and di...
China moots yuan pooling scheme to counter US dollar dominanceThe Renminbi Liquidity Arrangement, which could be used in periods of market volatility in the future, initially includes the PBOC, the Ban...
China’s SMEs confidence slipped, recovery showed signs of weakness in JulyConfidence among SMEs slipped in July with both the “current performance” and “expectations” sub-indexes moving lower, suggesting that SMEs...
China scraps foreign investment limit in stock, bond marketsThere had previously been limits on the amount foreigners could take out of the country in one go.
$457 billion reason for China to slash reserve ratio againState-run media also backed up the argument for an imminent cut.
China records first current account deficit in 17 yearsChina saw a current account deficit of USD 28.2 billion in the first quarter of this year, the country's first quarterly deficit since the ...
For high-flying China, signs of a hard landing are now clear. Here's proofChina’s economic performance this month suggests that a slowdown in growth is taking hold, even as policy makers raise efforts to clamp dow...
Correcting China's slowing economy and fast-rising uncertainty a daunting taskDespite Xi's call for change, China finds itself much where Asia did in 1998, dependent on exports and borrowing and at the mercy of market...
Big drop in Chinese exports fuels fearsReports on Sunday showed inflation eased to a 13-month low in February and producer prices fell for a 24th month.
China's sovereign wealth fund may give 'indirect' support to Europe: Jesse Wang, China Investment CorpChina's sovereign wealth fund may give 'indirect' support to Europe through investments without being the nation’s main route for any aid
- China lending shrinks as Wen Jiabao wrestles with inflation
China’s bank lending last month was the least since 2009 as inflation stayed above the government’s target