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China revises up 2023 GDP by 2.7%, sees little impact on 2024 growth

In previous five-yearly economic censuses, China revised up the size of the economy for 2018 by 2.1 per cent and for 2013 by 3.4 per cent

China revises up 2023 GDP by 2.7%, sees little impact on 2024 growth
Updated On : 26 Dec 2024 | 5:26 PM IST

World Bank raises China's GDP forecast for 2024, 2025; adds some warnings

Thanks to the recent policy easing and near-term export strength, the World Bank sees China's gross domestic product growth at 4.9 per cent this year, up from its June forecast of 4.8 per cent

World Bank raises China's GDP forecast for 2024, 2025; adds some warnings
Updated On : 26 Dec 2024 | 1:49 PM IST

China to optimise use of special bonds for economic recovery next year

China has said local governments will be allowed to use special bonds to purchase unused land and support the purchase of existing commercial housing for use as affordable housing

China to optimise use of special bonds for economic recovery next year
Updated On : 16 Dec 2024 | 6:08 PM IST

China's industrial output rises, weak consumption pressures economy

China's industrial output grew 5.4 per cent in November year-on-year, up from the 5.3 per cent pace seen in October

China's industrial output rises, weak consumption pressures economy
Updated On : 16 Dec 2024 | 8:53 AM IST

A call for transparency: Why India must not let its GDP data turn Chinese

India's GDP data faces growing scrutiny over transparency and reliability. To regain trust and ensure accuracy, a reform in statistical methods is critical to avoid pitfalls seen in China's approach

A call for transparency: Why India must not let its GDP data turn Chinese
Updated On : 10 Dec 2024 | 12:52 PM IST

PBOC injects $111 billion in liquidity as local bond supply surges

The injection expands an effort to ease the funding pressure that had been building in the market after China kicked off a $1.4 trillion program to help local governments cope with their off-balance

PBOC injects $111 billion in liquidity as local bond supply surges
Updated On : 29 Nov 2024 | 5:06 PM IST

From success to anxiety, Shenzhen braces for impact of Trump presidency

Shenzhen stands as a template for spectacular economic success, but now, deep anxiety looms over the impending Trump presidency

From success to anxiety, Shenzhen braces for impact of Trump presidency
Updated On : 19 Nov 2024 | 10:33 PM 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

Elon Musk cutting $2 trn in US spend is negative for markets: Chris Wood

There is growing evidence of liquidity tightening in the US, Wood said, which raises a near-term risk to equities

Elon Musk cutting $2 trn in US spend is negative for markets: Chris Wood
Updated On : 14 Nov 2024 | 4:29 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 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 Tim Cook meets China's IT minister during Beijing visit

The trip is Cook's second to China this year. His posts on the X-like Weibo social media platform showed he visited an organic farm and toured ancient neighbourhoods

Apple CEO Tim Cook meets China's IT minister during Beijing visit
Updated On : 23 Oct 2024 | 11:21 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

China's factory, service sects skid for 5th month as stimulus calls grow

Authorities last week also launched the country's most aggressive stimulus package since the COVID-19 pandemic

China's factory, service sects skid for 5th month as stimulus calls grow
Updated On : 30 Sep 2024 | 10:53 PM IST

Cash rich Middle East firms drive record capital investment Into China

Foreign investors pulled a record amount of money from China in the April-June period

Cash rich Middle East firms drive record capital investment Into China
Updated On : 25 Sep 2024 | 8:35 AM IST

What to expect from the 9th Forum on China-Africa Cooperation Summit

China approved loans worth $4.61 billion to Africa last year, the first annual increase since 2016

What to expect from the 9th Forum on China-Africa Cooperation Summit
Updated On : 04 Sep 2024 | 3:10 PM IST

China's fiscal revenue falls 2.6% in Jan-Jul amid economic growth struggles

July economic data, including a fall in household loans and a slow down in industrial output growth

China's fiscal revenue falls 2.6% in Jan-Jul amid economic growth struggles
Updated On : 26 Aug 2024 | 9:16 AM IST

China to impose six-month business ban on PwC over its Evergrande audit

PwC's China unit has already lost at least two-thirds of its accounting revenues from mainland-listed clients this year since its Evergrande audit failure

China to impose six-month business ban on PwC over its Evergrande audit
Updated On : 22 Aug 2024 | 1:48 PM IST

Property slump, weak consumption drags down China's economic recovery

A continued property crisis and weak consumption dragged on China's economic recovery in July, according to data released Thursday by the National Bureau of Statistics. Unemployment rose for the first time since February, clocking in at 5.2 per cent, compared to 5 per cent in June. Industrial production also rose more slowly than the previous month, showing a 5.1 per cent year-on-year increase in July, compared to a 5.3 per cent rise in June. Retail sales grew slightly more than analysts had expected, rising 2.7 per cent year-on-year in July, compared to 2 per cent in June. Statistics bureau spokesperson Liu Aihua said the recovery in consumption will be further consolidated given recent government policies to boost consumer spending. Beijing announced plans last month to use 150 billion Yuan (USD 20.9 billion) in government debt to finance trade-ins for consumer goods such as appliances and cars to stimulate spending. Consumption contributed around 60 per cent of China's economi

Property slump, weak consumption drags down China's economic recovery
Updated On : 15 Aug 2024 | 10:57 AM IST