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CHINA ECONOMIC GROWTH NEWS

An official survey of manufacturers shows China's factory activity contracted in October, suggesting the economy remains on uneven footing.

Chinese factory activity contracts in October as pandemic recovery falters

October 31, 2023 4:50 pm

The purchasing managers' index, or PMI, fell to 49.5 in October on a 100-point scale, down from 50.2 last month, according to the National Bureau of Statistics and the China Federation of Logistics & Purchasing.

China's economy grew 4.9 per cent year-over-year in the July-September quarter, beating the 4.5 per cent forecast by analysts but slowing from the 6.3 per cent growth in the previous quarter.

China's economy grows 4.9% in Q3, beats expectations but slows from previous quarter

October 18, 2023 10:34 am

On a quarterly basis, China's economy grew by 1.3 per cent in the third quarter, compared to 0.8 per cent growth in the April-to-June quarter.

China's exports and imports both fell in September from a year earlier, though they contracted at a slower pace even as global demand remained muted.

China's exports, imports fall 6.2% in September as global demand falters

October 13, 2023 12:25 pm

Customs data released Friday showed exports for September slid 6.2 per cent to $299.13 billion in the fifth straight month of decline. Imports also slid 6.2 per cent to $221.43 billion.

Despite busy activity in restaurants and stores, the figures showed continuing weakness in the all-important property sector, where real estate developers are struggling to repay heavy loads of debt in a time of slack demand.

China economic data show signs slowdown may be easing, as central bank acts to support growth

September 15, 2023 10:59 am

China's factories picked up their pace and retail sales also gained momentum in August, the government reported Friday, suggesting the economy may be gradually recovering from its post-pandemic malaise.

China's exports declined at a slower pace in August, even as the world's second-biggest economy remains under pressure from weaker demand both domestically and abroad.

China exports decline slower than expected in August as economy remains under pressure

September 07, 2023 11:23 am

China's exports for August slumped 8.8 per cent from the same time last year, totalling $284.87 billion, and were slower than the 14.5 per cent last month, according to customs data on Thursday.

China's economy grows lower than expected at 6.3% in second qtr, as post-COVID recovery slowed

July 17, 2023 9:00 am

The world's second-largest economy is expected to slow further in coming months given slack consumer demand in China and weaker demand for Chinese exports in other economies as their post-pandemic recoveries lose momentum.

China's factory, service sectors stumble as economic malaise broadens

June 30, 2023 10:49 am

China's factory activity declined for a third straight month in June and weakness in other sectors deepened, official surveys showed on Friday.

S&P Global cuts China 2023 growth forecast to 5.2% from 5.5%

June 26, 2023 11:08 am

S&P Global said it has cut its 2023 GDP growth forecast for China after May data showed a post-COVID recovery was faltering in the world's second-largest economy.

Goldman Sachs cuts China growth forecast as property slowdown bites

June 19, 2023 12:20 pm

Goldman Sachs analysts have cut forecasts for China's economic growth, citing persistently weak confidence and the cloud over the property market as stronger-than-expected headwinds.