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Saturday, January 18, 2020

China economy


China raises estimate of economy’s size following census

November 22, 2019 12:37 pm

The National Bureau of Statistics said Friday the revision reflects more complete measures of the services sector and assets. It raises the possibility China’s communist leaders will attain their target of doubling the country’s GDP between 2010 and 2020.

China insists it is still 'a developing country' despite being second largest economy

September 25, 2019 10:02 pm

Threatening to pull the US out of the World Trade Organisation (WTO) over what he described as its unfair treatment of America, President Donald Trump last month said that India and China are no longer "developing nations" and are "taking advantage" of the tag from the global trade body.

China cuts banks' reserve ratios, frees up $126 billion for loans as economy slows

September 06, 2019 6:01 pm

Analysts had expected China to announce more policy easing measures soon as the world's second-largest economy comes under growing pressure from escalating U.S. tariffs and sluggish domestic demand.

China's industrial profits shrink most since late 2011 as economy cools

March 27, 2019 10:19 am

The trade war with the US has put a dent on factory activity, corporate earnings, business sentiment and overall consumption in a blow to the economic outlook.

China will not change prudent monetary policy - Premier Li

February 20, 2019 9:24 pm

China, the world's second largest economy, has been trying to reduce risks of a slowdown, especially with its trade dispute with the United States.

India to remain fastest-growing economy in 2019, 2020: UN report

January 23, 2019 8:41 pm

According to the UN's World Economic Situation and Prospects (WESP) 2019, India's GDP growth is expected to accelerate to 7.6 per cent in 2019-20 from an estimated 7.4 per cent in the current fiscal ending March 2019. The growth rate may come down to 7.4 per cent a year later.

China’s economy, by the numbers, is worse than it looks

January 22, 2019 7:53 pm

Official numbers released Monday show an economy that is posting new, but manageable, lows. For the last three months of 2018, growth came in at 6.4 per cent compared with a year earlier.

China’s slowdown looms just as the world looks for growth

January 21, 2019 6:45 pm

On Monday, Chinese officials said that, during the last three months of 2018, the economy grew at its slowest pace since the global financial crisis.

China's exports fall by the most in two years, stokes fears of slumping global demand

January 14, 2019 5:03 pm

Data showed China posted its biggest trade surplus with the United States on record in 2018, which could prompt President Donald Trump to turn up the heat on Beijing.

China car sales hit reverse for first time since 1990s, weakness expected to persist

January 14, 2019 2:52 pm

The bleak numbers add to worries for investors, already spooked by signs of a broader drop in demand from the world's No.2 economy, especially after Apple's rare revenue warning.