China Economy

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

Chinese authorities may consider a weaker yuan as Trump trade risks loom

Letting the yuan depreciate could make Chinese exports cheaper, thus blunting the impact of tariffs, and creating looser monetary settings in mainland China

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

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

Oil prices rise on China's policy shift, Assad's fall fuels uncertainty

Syrian rebels announced on state television on Sunday they had ousted Assad, ending a 50-year family dynasty in a lightning offensive that raised fears of a new wave of instability in a region already

China's consumer inflation hits five-month low in Nov as new risks arise

World's second-largest economy is bracing for likely fresh tariffs from a second Donald Trump White House and still dealing with other headwinds, suggesting more policy stimulus will be needed

Number of billionaires in China falls to 427 following economic slowdown

The number of billionaires in China fell to 427 in 2024 from last year's 520 following the slowdown in the economy, Switzerland-based multi-investment bank UBS said on Thursday. The total wealth of these billionaires decreased by 20 per cent to about USD 1.4 trillion highlighting the impact of economic slowdown on the world's second largest economy on the once flourishing private sector. Plagued by the crisis in the property sector and turmoil in financial markets, the list of China's rich with assets of USD one billion shrank by 132 while 42 new billionaires were minted and three moved away, the UBS report said. Many of the billionaires we have in China are relatively new in the context of total wealth, said Benjamin Cavalli, head of strategic clients at UBS Global Wealth Management. Compared to other markets, such as the US or Europe, where the total wealth is on an average higher per billionaire, those in China are often hovering near USD one billion, Cavalli said. So, whenever

India's success in capturing 'China-Plus-One strategy' limited: NITI report

India has seen limited success so far in capturing the 'China Plus One strategy', while Vietnam, Thailand, Cambodia, and Malaysia have become bigger beneficiaries, according to a report of government think tank Niti Aayog. It said that factors such as cheaper labour, simplified tax laws, lower tariffs and pro-activeness in signing Free Trade Agreements (FTAs) have played a critical role in helping these countries expand their export shares. The US has implemented stricter export controls and higher tariffs on Chinese goods to limit China's growth and expenditure towards technological progress. This has led to a fragmentation of global supply chains, prompting multinational corporations to seek alternatives to Chinese manufacturing. It said that India is seen as an attractive destination for companies looking to shift their manufacturing bases out of China and this shift offers the country a chance to enhance its domestic manufacturing capabilities, particularly in high-tech ...

China's industries warn US chips no longer safe amid rising trade tensions

China and the US have targeted each other's economies in the last few days, escalating tensions even before U.S. President-elect Donald Trump returns to the White House in January

British firms downbeat about China business despite stimulus: Survey

Doing business in China had become tougher for five consecutive years and only 41 per cent of its members were expecting to have a better time next year, the survey said

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

Big Pharma's bet on China biotech a rare trade bright spot amid tensions

Chinese biomedical research is on the cusp of a breakthrough just as the industry starts to face serious headwinds

Nepal rules out loans for BRI projects; emphasises grants, consensus

Nepal on Saturday said it is not in a position to take loans for projects under China's Belt and Road Initiative and will instead primarily rely on grants, moving forward based on mutual consensus among all stakeholders. Speaking to reporters at Tribhuvan International Airport upon returning from a three-day visit to China, Foreign Minister Arzu Rana Deuba clarified Nepal's position on the implementation of BRI projects. Her visit was aimed at preparing for Prime Minister K P Sharma Oli's upcoming official trip to China starting December 2. "Nepal signed the BRI framework agreement in 2017, but discussions regarding its implementation modality are still ongoing. The projects under BRI will only move forward based on agreements and mutual understanding between Nepal, China, and all stakeholders within Nepal," Deuba said. In response to a question, the foreign minister said that Nepal is currently not in a position to take loans under the multi-billion dollar infrastructure ...

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 aging population fuels 'silver economy' boom; profits, elusive

Every Wednesday, retiree Zhang Zhili travels an hour by bus to an education center, drawn by the pulsing rhythms of the African drum she plays there in a classroom filled with fellow retirees whose hands move in unison, every beat lifting her spirits. Zhang, 71, has found joy and new friends at the elderly university in Beijing. Besides African drums, the former primary school teacher joins social dance classes, paying about 2,000 yuan (USD 280) for two courses this semester. Seeing herself standing tall in dance class boosts her confidence. After class, she hangs out with her friends. When we get old, what do we need?" she said. To love ourselves. Many older Chinese are looking beyond traditional nursing homes, afraid of abandonment by their families and quality issues. That's driving a boom in universities, home care services, and communities catering to older adults. Though some providers struggle to turn a profit, they persist because they see promise in the growing market. Chi

China expanding visa-free entry to more countries in bid to boost economy

Starting Nov 30, travellers from Bulgaria, Romania, Malta, Croatia, Montenegro, North Macedonia, Estonia, Latvia and Japan will be able to enter China for up to 30 days without a visa

Oil prices steady as US storm threat abates, China stimulus disappoints

Brent crude futures fell 9 cents, or 0.1 per cent to $73.78 a barrel by 0916 GMT while US West Texas Intermediate crude futures were at $70.23 a barrel

Market Today: TaMo, Asian Paints Q2; China stimulus; Niva Bupa IPO Day 3

At 6:35 AM, GIFT Nifty Futures were down 82 points at 24,136, signalling a potential negative start

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%

No winners in trade, industrial wars, says China's ambassador to US

Trump's return could revive issues from his first presidency, when he initiated a bruising trade war with the world's second-largest economy in 2018