Latest China Economic News: Caixin PMI, trade war, China GDP

Oct 23, 2020 19:22 PM

There’s No Lasting Shortage Behind China’s Surging Corn Prices, Official Says
By Huang Shulun, Du Caicai and Luo Meihan
Agriculture ministry reassures public that increase is partly due to speculators betting on short-term supply shortfalls
Oct 23, 2020 18:20 PM

Four Things to Watch as China’s Leaders Map Out the Next Five Years
By Yu Hairong and Tang Ziyi
Amid a global pandemic and deepening geopolitical tensions, top Communist Party officials meet next week to decide on policies to drive sustainable economic growth
Oct 22, 2020 05:42 AM

Rebounding Chinese Economy Will Expand This Year, Top Officials Say
By Peng Qinqin, Wu Hongyuran and Han Wei
After Covid-19 contraction early in 2020, China is on pace to record full-year growth, vice premier and central bank chief say at forum
Oct 21, 2020 19:37 PM

China’s Fiscal Revenue Started Growing Again in Third Quarter
Despite overall increase, tax income still shrank 6.4%, far less than the 11.3% drop in the first half-year
Oct 21, 2020 05:51 AM

China’s Large SOEs Return to Normal Level of Revenue Growth
By Bai Yujie and Denise Jia
Centrally administered state-owned enterprises post 1.5% revenue growth in third quarter as profits rise 3.4% amid economic rebound from pandemic
Oct 19, 2020 17:05 PM

Yi Gang Predicts China’s GDP Will Grow 2% in 2020
By Luo Meihan
PBOC seeks to boost domestic demand so that consumer spending plays a bigger role in driving economic growth, central bank chief says
Oct 17, 2020 16:07 PM

China State Firms’ Assets Grow Even as Government Presses for Lighter Debt
Assets of nonfinancial SOEs grew 11.2% in 2019, though liability-to-asset ratio remained unchanged
Oct 16, 2020 19:46 PM

Property Developers Lose Their Lust for Land
By Guo Yingzhe
As the government tightens control over financing for builders, average parcel prices are starting to slide
Oct 13, 2020 18:53 PM

China’s GDP Growth Likely Recovered to 5.5% in Third Quarter, Caixin Survey Shows
Survey ahead of government data for September shows economy continued to bounce back from pandemic
Oct 10, 2020 18:56 PM

Hong Kong Office Vacancies Hit 15-Year High
Idle top-quality space in the city’s Central District, its political and business center, hit 6% in August as the pandemic and recent unrest weighed
Oct 10, 2020 04:23 AM

Tourists Spend $155 Million at Hainan’s Duty-Free Shops During Golden Week
By Shen Xinyue and Denise Jia
Jump of 150% from year earlier holiday period reflects tripling of individual purchase quota and pent-up demand for 20%–30% savings as travel rebounds post-pandemic
Oct 06, 2020 08:30 AM

Holiday Podcast Long Reads — When China’s Economy Meets Its Biggest Social Issues
From poverty alleviation to algorithms deciding how we work, 2020 has seen China’s changing economy impact the country’s social issues in unpredictable and important ways
Oct 03, 2020 02:10 AM

Caixin New Economy Index Records Third Straight Monthly Drop
By Cheng Siwei and Denise Jia
Fastest-growing part of China’s economy struggles with lower investment, employment and innovation as broader rebound from pandemic slows
Sep 30, 2020 09:45 AM

China’s Robust Manufacturing Recovery Loses a Step, Caixin PMI Shows
By Timmy Shen
Index slips to 53 in September despite new business expanding at the fastest pace since January 2011
Sep 30, 2020 02:22 AM

China Moves to Normalize Monetary Policy Amid Stabilizing Economy
People’s Bank of China to make policy more precise and targeted as the ‘economy recovers steadily’ but will continue favoring manufacturing and small businesses
Sep 25, 2020 19:25 PM

Neglected Rural Areas to Get Bigger Share of China’s Land Sales Windfall
By Cheng Siwei and Luo Meihan
Over 50% of the profits from land-use rights will have to be spent on agriculture and rural areas by the end of 2025, policymakers say
Sep 23, 2020 15:05 PM

Caixin New Economy Index Falls on Drop in Capital Inputs
By Luo Meihan
New economy industries accounted for 30.4% of China’s overall economic input activities in August
Sep 21, 2020 19:16 PM

China Adds Three Areas to Its Ever-Expanding List of Free-Trade Zones
By Guo Yingzhe
Beijing, Hunan and Anhui to host new zones trialing economic reform measures
Sep 18, 2020 04:45 AM

Young Chinese Save More Amid Pandemic Uncertainties
Monthly deposits jump 34% among those 18–34 years old, survey finds, as more than half of respondents say they’re preparing for future financial needs
Sep 17, 2020 04:12 AM

China Air Travel for Oct. Holiday Expected to Jump 10% to a Record

Projected 15 million trips over National Day reflects accelerating rebound for an industry that nearly ground to a halt during the pandemic