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

Jun 02, 2022 16:53 PM

Caixin New Economy Index Drops on Shrinking Capital Investment
The share of 10 high value-added industries in China’s total economic inputs came in at 28.5% in May, slightly lower than the reading in April
Jun 01, 2022 09:45 AM

China’s Manufacturing Activity Shrinks for Third Month Amid Covid Controls, Caixin PMI Shows
The activity reading in May was the same as in March, the second lowest since February 2020 when Covid-19 took hold in China
Jun 01, 2022 05:30 AM

China Expands Tax Cuts to Autos With Bigger Engines
As part of push to bolster Covid-hammered economy, government halves sales tax to 5% for vehicles with engines up to 2.0 liters
May 31, 2022 21:19 PM

Beijing Urges Local Governments to Set Aside Enough to Cover Covid Testing
Finance Ministry’s instruction comes in the wake of a national ruling that requires localities to pay for mass testing out of their own fiscal budgets
May 31, 2022 21:07 PM

China Lays Out Fiscal Tools to Reach Carbon Neutrality by 2060
Ministry of Finance hopes to improve market participation, use tax instruments, promote green government procurement, and strengthen international collaboration to deal with climate change
May 31, 2022 21:03 PM

In Depth: Behind the Yuan’s Tumble Against the Dollar
The Chinese currency weakened to a 20-month low versus the greenback in mid-May. But where’s it going from here?
May 30, 2022 20:23 PM

China Draws From Next Year’s Budget for Local Government Handouts
The early release of funds originally earmarked for next year shows the lengths that Beijing is willing to go to bolster local economies hit hard by stringent Covid-19 control measures
May 27, 2022 05:25 AM

Steel Craters in China as Demand Dries Up Amid Covid Lockdowns
Prices plunge 14% from April highs and stockpiles at steelmakers skyrocket, reflecting the crash in construction as well as weakness in manufacturing
May 26, 2022 20:41 PM

In Depth: As Mass Covid Testing Becomes China’s New Normal, Debate Grows Over Who Pays
National Healthcare Security Administration says local medical insurance funds shouldn’t be used for large-scale programs
May 26, 2022 05:52 AM

China’s Premier Puts Greater Emphasis on Growth
Li Keqiang tells State Council China needs to strike a better balance between pandemic control and economic development as Covid measures weigh on GDP
May 24, 2022 04:54 AM

China Pours On Billions of Dollars More in Tax Relief
In sweeping expansion of stimulus to offset Covid slowdowns, State Council also delays loan payments, extends social security tax relief and vows more construction and farmer support
May 24, 2022 02:50 AM

China’s Scale and Opening-Up Will Lure More Investment, Experts Say
Financial leaders at Davos forum on China see increased resilience and ‘tremendous’ opportunity despite short-term volatility
May 21, 2022 05:25 AM

Shanghai’s Economy Pounded in April by Covid Lockdowns
Industrial output plummets 61.6%; consumer goods sales plunge 48.3%; fixed-asset investment declines; and new lending shrinks
May 18, 2022 06:59 AM

Three Tough-to-Crack Housing Markets Relax Homebuying Controls
Hangzhou, Chengdu and Haikou join more than 100 Chinese cities in easing policies as Beijing pushes to rescue the property market
May 17, 2022 05:55 AM

China’s Developers Slash Investment for First Time Since 2020
January–April new-project spending falls 2.7% as real estate companies put the brakes on land acquisition and new construction amid a shaky economic outlook
May 10, 2022 22:04 PM

In Depth: Coal, Once a Boon, Turns Chinese Rustbelt City Into a Bust
As the golden years of mining fade, the resource-depleted city of Hegang is struggling to survive
May 10, 2022 04:43 AM

China Ramps Up Support for Small Businesses Hit by Covid
Local governments to provide loan discounts and subsidies for rent, utility bills and epidemic prevention costs as well as electricity and broadband discounts
May 09, 2022 06:23 AM

Cover Story: Why Is China’s Powerful Export Engine Losing Steam?
Widespread pandemic lockdowns disrupt production and logistics, threatening global supply chain restructuring away from China
May 06, 2022 04:39 AM

European Businesses Cut China Revenue Projections on Covid Concerns
EU Chamber of Commerce survey turns up reports of disruptions to logistics and supply chains, hurting industrial production
May 06, 2022 03:22 AM

State-Backed Developers Snap Up More Land Than Private Rivals
Hammered by the real estate slump, private property companies grow cautious as Chinese cities roll out the first round of this year’s land sales