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

Jan 26, 2022 19:13 PM

Ministry Warns China’s Export Growth Faces ‘Unprecedented Difficulties’
While momentum might be lost, the country will focus on improving the quality of foreign trade this year, while maintaining growth in a ‘reasonable range,’ Ministry of Commerce official says
Jan 26, 2022 04:22 AM

China’s 2021 Fiscal Revenues Rise 10.7% from 2020
Government income tops goals as economy rebounds and producer prices rise, providing more resources and leeway for 2022 budgeting, Finance Ministry says
Jan 25, 2022 06:39 AM

Embattled Shimao Gears Up Asset Sales for Debt Relief
Property developer puts up 34 projects for sale, valuing 15 of them at $6.65 billion amid a debt-triggered surge in dealmaking
Jan 25, 2022 06:25 AM

Chinese Provinces Cut 2022 Growth Targets Amid Headwinds
Only Gansu and Inner Mongolia project faster or unchanged growth as the pandemic and the plunging real estate market weigh on prospects
Jan 24, 2022 20:27 PM

China Needs to Remake Its Energy System to Meet Climate Goals, Group Says
A carbon tax, improved carbon market and greater tech innovation will be key, ASEAN+3 Macroeconomic Research Office says
Jan 21, 2022 21:12 PM

One of China’s Richest Provinces Declares Victory Over Hidden Debt
Guangdong is the first to publicly state it’s converted all its off-balance-sheet liabilities into explicit debt
Jan 21, 2022 20:53 PM

Encouraging GDP Data, Strong Exports Sustain Chinese Currency’s Bull Run
Record trade surplus and better-than-expected economic growth figures push the value of the yuan higher, despite an interest rate cut
Jan 21, 2022 05:45 AM

Guangdong Power Rationing Totaled 66 Days in 2021
Amid worst electricity shortage in a decade, the maximum load for the province’s power grid surged to record highs seven times
Jan 20, 2022 21:20 PM

China Carbon Tax Needed to Mitigate Impact of EU’s Carbon Border Levies, Experts Say
Export cost can be cut if Chinese exporters can show they’ve paid their dues at home
Jan 17, 2022 20:23 PM

Update: China’s 2021 GDP Grows 8.1% on Low Base
Economic expansion slowed over the course of last year amid power shortages and turmoil in the real estate sector — and analysts predict it’ll keep slowing this year
Jan 13, 2022 20:46 PM

China Sets Five-Year Targets to Boost Digital Economy
A new plan aims for the contribution of core industries in the sector to reach 10% of GDP by 2025
Jan 13, 2022 20:17 PM

In Depth: China’s Property Slump Pushes Real Estate Agencies to Remake Their Business
The slump in the country’s seemingly invincible market has taken toll on property brokers, which have suffered mass layoffs and falling revenue since the second half of 2021
Jan 07, 2022 21:09 PM

China Trials Reforms to Boost Market’s Role in Pricing Land, Labor, Capital
State Council releases plan to remove ‘institutional barriers’ to the free flow of factors of production
Jan 07, 2022 18:32 PM

Vietnam, Indonesia 2022 Inflation Seen Accelerating Most in Asia
A survey of consumer price forecasts shows that Vietnam’s inflation will likely accelerate by 1.4 percentage points, while the figure for Indonesia came in close behind at 1.3 percentage points
Jan 07, 2022 05:37 AM

China Overtakes Japan as Top LNG Importer
Demand for clean liquified natural gas expands, pushing prices to record highs as producers crank up output
Jan 06, 2022 21:22 PM

China’s Property Market Set for Gloomy Year After 2021 Ends in a Funk
Some analysts say home sales will fall again this year and more developers will default on their debts
Jan 06, 2022 09:45 AM

China’s Services Industry Growth Accelerates, Caixin PMI Shows
Total new business grew at a faster pace in December, pushing outstanding orders up despite an increase in hiring
Jan 05, 2022 20:00 PM

Dollar Gets More Weight in Key Yuan Exchange-Rate Index
The increase is a sign that trade with the U.S. is making up a greater share of China’s total
Jan 04, 2022 20:45 PM

Five Things to Know About China’s Plan to Stabilize Growth in 2022
The economy has emerged as policymakers’ top priority as the country faces a slowdown from power shortages, surging raw material prices to property woes
Jan 04, 2022 19:01 PM

Southeast Asia’s Soaring Exports Fuel Hopes of Recovery in 2022
Central banks seen shifting to rate hikes to protect home currencies