Page 2 - Chinese Economic Policy

China's new-age automakers live-stream to interact with potential customers

"If you're not livestreaming these days you're kind of a dinosaur," said Mark Tanner, managing director of Shanghai-based marketing firm China Skinny

China requests Britain to stop sanctioning Chinese firms over Russian links

Britain last week imposed its first sanctions targeting vessels in Russian President Vladimir Putin's "shadow fleet" that it said was used to circumvent Western sanctions on the trade in Russian oil

Critical minerals, clean energy key focus as Chinese premier visits Aus

Perth is the capital of Western Australia state, which provided 39% of the world's iron ore last year. Iron ore is one of Australia's most lucrative exports

China solar panel makers seek government action to halt freefall in prices

Financial incentives and a government push have helped China become the solar panel factory of the world

China Evergrande chairman's seized Hong Kong mansion sold for $57 mn

All of Evergrande's properties in Hong Kong have been seized or sold, while the personal assets of Hui are not included in the liquidation process

China plans to cut CO2 emission in key sectors by 1% of 2023 level

The plan said China would 'strictly' control coal consumption, 'reasonably' control petroleum consumption and promote use of biofuel and sustainable aviation fuel

The Sino-American trade war benefits China's competitors

India offers a prime example. It has successfully attracted several Western firms exiting China since launching its 'China Plus One' strategy in 2014

China issues first batch of 30-year stimulus bonds at yield of 2.57%

The bid-to-cover ratio for the first tranche of the special bonds was 3.91 times, suggesting solid demand for such bonds

China to kick off long-awaited $138 bn stimulus bond issues this week

Market participants have been waiting for weeks for details of the issuance pipeline of these special treasury bonds

A third of China's city dwellers face danger of land sinking, says study

About a third of China's urban population is estimated to be at risk due to land subsidence, shows a new finding which researchers said is indicative of a global phenomenon. China's urban area below the sea level could triple by 2120, potentially affecting 55 to 128 million residents, it found. Using satellite data, the research team studied 82 cities, including Shanghai and Beijing, with a collective population of nearly 700 million people. The team, including researchers from the University of East Anglia, UK, found that 45 per cent of the urban land area analysed was sinking, with 16 per cent sinking at the rate of 10 millimetres a year. Hotspots included Beijing and the coastal city of Tianjin, they said. The study estimated that 270 million urban residents could be affected, with nearly 70 million experiencing rapid subsidence of 10 millimetres a year or more. The findings are published in the journal 'Science'. Caused mainly by human activities in cities, land sinking can a

China's Q1 GDP growth likely to slowdown, policymakers plan stimulus

The People's Bank of China (PBOC) has pledged to step up policy support for the economy this year and promote a rebound in prices

Goldman, Morgan Stanley raise China's 2024 growth outlook as exports rise

The world's second-largest economy has struggled to regain momentum as the property sector and consumer spending remain weak

During China visit, Yellen calls for level playing field for US workers

US Treasury Secretary Janet Yellen called Friday for a level playing field for American companies and workers as she began a five-day visit to China in one of the country's major industrial and export hubs. Yellen told Wang Weizhong, the governor of Guangdong province, that it's important for the U.S. and China to have open and direct communication on areas of disagreement. "This includes the issue of China's industrial overcapacity, which the United States and other countries are concerned can cause global spillovers, she said. Yellen, the first Cabinet-level official to visit China since President Joe Biden met Chinese leader Xi Jinping last November, has telegraphed that she will raise what the U.S. considers to be unfair Chinese trade practices, a concern shared by many European countries. Before talks with the governor, she met with American, European and Japanese business representatives to hear their concerns, ahead of what will likely be tough talks on trade and other issue

China too big to export its way to rapid growth, says Janet Yellen

The International Monetary Fund currently forecasts China's 2024 real GDP growth at 4.6%, falling to 4.1% in 2025

China solar industry faces challenges, but rock-bottom prices to persist

Overcapacity in China's solar industry is emblematic of the challenges facing the world's second-biggest economy

China to promote currency swaps, reinforce cooperation with Asian economies

Bilateral currency swaps can facilitate trade and investment and are a useful addition to the global financial safety net, Governor Pan Gongsheng told the annual gathering of the Boao Forum for Asia

Tim Cook's love for China helps Xi Jinping fight fears of economic slump

The People's Daily newspaper, an official mouthpiece for the Chinese Communist Party, has said that China is an indispensable part of the global supply chain

China's exports, imports beat estimates, trade surplus of over $125 bn

China's exports and imports for the first two months of the year beat estimates, an indication that demand may be improving as Beijing attempts to boost economic recovery. Exports for the January-February period grew 7.1 per cent from a year earlier, customs data released Thursday showed, higher than the 2.3 per cent rise in December. Imports rose 3.5 per cent from the same time last year, up from a 0.2 per cent growth in December. China posted a trade surplus of USD 125.16 billion. Though China usually releases trade data monthly, the data for the first two months of the year are combined to avoid disruptions from the weeklong Lunar New Year holidays, when many businesses and factories are closed. The world's second-largest economy has struggled to bounce back after the pandemic, as it grapples with weaker demand globally as well as a domestic property crisis that remains a drag on the economy. Demand for Chinese exports has also been weak since the Federal Reserve and central b

China's services activity growth momentum softens in Feb: Caixin PMI

Despite robust activity during the eight-day Lunar New Year holidays, the expansion rate of new business was little-changed from January, the Caixin survey showed

India narrows gap with China in key MSCI index with weight hitting new high

In comparison, China's weight in the index fell to 25.4 per cent after the February revision, from 26.6 per cent a year ago