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China Economic Growth

Oil prices rise as China's policy easing stirs demand optimism

Bloomberg News reported on Tuesday that the U.S. government was weighing harsher sanctions against Russia's lucrative oil trade, seeking to tighten the squeeze on the Kremlin's war machine just weeks

Oil prices rise as China's policy easing stirs demand optimism
Updated On : 11 Dec 2024 | 5:22 PM IST

Markets Today: Vishal Mega, MobiKwik IPOs; US inflation data; Gold rates

In the previous session, the Sensex settled at 81,510.05, up marginally by 1.59 points. In contrast, Nifty settled at 24,610.05, down 8.95 points, or 0.05 per cent

Markets Today: Vishal Mega, MobiKwik IPOs; US inflation data; Gold rates
Updated On : 11 Dec 2024 | 7:42 AM IST

Gold rises on Fed rate cut bets, China's central bank resumes purchases

Traders are pricing an 87per cent chance of a 25-basis-point interest rate cut at next week's Fed meeting, up from 61.6per cent last week, according to the CME Group's FedWatch Tool, which would mark

Gold rises on Fed rate cut bets, China's central bank resumes purchases
Updated On : 09 Dec 2024 | 3:52 PM IST

China to adopt proactive fiscal policy to spur economic growth in 2025

President Xi Jinping, at a symposium on Dec. 6, urged full preparation to achieve 2025 economic targets, and said the country's current development faces many challenges

China to adopt proactive fiscal policy to spur economic growth in 2025
Updated On : 09 Dec 2024 | 3:42 PM IST

China's services activity expansion eases in November, shows PMI data

The Caixin/S&P Global services purchasing managers' index (PMI), released on Wednesday, fell to 51.5 from 52.0 in October

China's services activity expansion eases in November, shows PMI data
Updated On : 04 Dec 2024 | 10:30 AM IST

China's central bank vows supportive monetary policy as US trade war looms

Monetary policy support will be critical to China's economy next year as the US president-elect has vowed to impose steep tariffs on Chinese goods

China's central bank vows supportive monetary policy as US trade war looms
Updated On : 03 Dec 2024 | 9:43 AM IST

China's Nov factory activity expands for second month as Trump threats loom

Earlier this month, China unveiled a 10 trillion yuan ($1.38 trillion) debt package to ease municipal financing strains

China's Nov factory activity expands for second month as Trump threats loom
Updated On : 30 Nov 2024 | 8:50 AM IST

China's state media praises some US firms amid fears of new trade war

The China Daily also noted that Morgan Stanley received regulatory approval in March to expand its China operations, citing this as evidence of foreign financial firms' enthusiasm for investing

China's state media praises some US firms amid fears of new trade war
Updated On : 28 Nov 2024 | 11:02 AM IST

Goldman Sachs, Morgan Stanley downgrade China's economic growth outlook

Morgan Stanley downgraded China to slight 'underweight' from 'equal weight' in emerging markets

Goldman Sachs, Morgan Stanley downgrade China's economic growth outlook
Updated On : 18 Nov 2024 | 12:21 PM IST

Here's what you need to know about China's $1.4 trillion debt package

Officials estimate swapping hidden for official debt will save 600 billion yuan in interest for local governments over five years. Having money available for principal repayment

Here's what you need to know about China's $1.4 trillion debt package
Updated On : 11 Nov 2024 | 10:09 AM IST

China likely to unveil much-anticipated economic stimulus package

China is expected to announce much-anticipated steps to boost its flagging economy Friday at the end of this week's meeting of its legislature. Analysts say bold, multi-trillion yuan measures are needed to reinvigorate the world's second largest economy, which has yet to bounce back fully from the COVID-19 pandemic. The central bank loosened restrictions on borrowing in late September, sparking a stock market rally, but economists say the government needs to do more to ignite a sustained recovery. Government officials have indicated that could come at this week's meeting of the Standing Committee of the National People's Congress, which must give official approval to any new spending. The economy has shown signs of life in the last two months. Purchase subsidies offered to people who trade in old cars or appliances for new ones helped auto sales rebound in September. A survey of manufacturers turned positive in October after five straight months of decline, and exports surged 12.7%

China likely to unveil much-anticipated economic stimulus package
Updated On : 08 Nov 2024 | 3:00 PM IST

Honda reports 15% drop in Q2 operating profit, misses analyst forecasts

Honda said last week its global vehicle sales shrank 1.5per cent to 2.8 million over the first nine months of the year, as a hefty 29per cent drop in China and a 6 per cent fall in Asia and Oceania

Honda reports 15% drop in Q2 operating profit, misses analyst forecasts
Updated On : 06 Nov 2024 | 10:45 AM IST

China must open up further to tackle rising unilateralism, says premier

China's imports have slowed sharply this year as the world's second-largest economy faces strong deflationary pressures due to weak domestic demand and a long-standing property market crisis

China must open up further to tackle rising unilateralism, says premier
Updated On : 05 Nov 2024 | 11:15 AM IST

Apple CEO Cook says company to increase investment in China: State media

Apple chief Tim Cook met with Chinese Minister Jin Zhuang Long on Wednesday during his second visit to China this year, amid rising competition for Apple in the Chinese market

Apple CEO Cook says company to increase investment in China: State media
Updated On : 24 Oct 2024 | 3:55 PM IST

China cuts benchmark lending rates in bid to boost economic recovery

The one-year loan prime rate (LPR) was lowered by 25 basis points to 3.10 per cent from 3.35 per cent,

China cuts benchmark lending rates in bid to boost economic recovery
Updated On : 21 Oct 2024 | 9:08 AM IST

China's Q3 GDP shows weakest pace since 2023, backs calls for more stimulus

China's export growth slowed sharply in September while imports also decelerated, undershooting forecasts by big margins and suggesting manufacturers are slashing prices

China's Q3 GDP shows weakest pace since 2023, backs calls for more stimulus
Updated On : 18 Oct 2024 | 11:00 PM IST

Chinese GDP gets little cheer, while dollar rises for straight third week

China's economy expanded 4.6 per cent in the third quarter from a year earlier

Chinese GDP gets little cheer, while dollar rises for straight third week
Updated On : 18 Oct 2024 | 8:55 AM IST

Will China's new $550 billion loan measure revive slumping property market?

China's central bank is contemplating additional measures to stimulate the country's property sector, including allowing policy banks and commercial lenders to provide loans to developers

Will China's new $550 billion loan measure revive slumping property market?
Updated On : 17 Oct 2024 | 2:33 PM IST

China may raise $850 bn in new debt over 3 years to spur growth: Report

While not the bazooka some investors had been calling for, analysts say 6 trillion yuan in extra debt in the next three years could help stabilise growth

China may raise $850 bn in new debt over 3 years to spur growth: Report
Updated On : 15 Oct 2024 | 2:26 PM IST

China's exports to Russia surge 15.7% in September, fastest in 9 months

"Bilateral trade has maintained a momentum of growth," Chinese state media cited Li as telling Russian Prime Minister Mikhail Mishustin at the time

China's exports to Russia surge 15.7% in September, fastest in 9 months
Updated On : 15 Oct 2024 | 10:29 AM IST