Feb 01, 2023 18:40 PM- China Doled Out $622 Billion of Tax and Fee Relief to Support Businesses in 2022
- Micro and small enterprises were the biggest beneficiaries of the support, which included value-added tax refunds
Jan 31, 2023 20:00 PM- IMF Raises China’s 2023 Growth Forecast to 5.2% as Economy Reopens
- The fund revises up its projection from October’s 4.4% on the back of a faster-than-expected recovery
Jan 31, 2023 14:17 PM- China’s Economic Activity Rebounds After Reopening
- The official manufacturing PMI rose to 50.1 in January, while the non-manufacturing gauge jumped to 54.4
Jan 31, 2023 03:35 AM- Local Chinese Governments Paid $148 Billion in Interest in 2022
- Debt-servicing costs double from 2018 as authorities borrow record amounts to bolster the battered economy through increased public spending
Jan 30, 2023 20:56 PM- China’s Provinces Target Household Spending in Plans for Post-‘Zero Covid’ Recovery
- The priority is in line with a State Council directive that emphasized the need to make consumption a main driver of an economy that had one of its worst showings in decades in 2022
Jan 25, 2023 15:31 PM- China’s Economic Recovery May Keep Natural Gas Market Tight, Top Exporter Says
- Woodside Energy CEO Meg O’Neill says there is ‘tremendous uncertainty’ in the market until after Lunar New Year
Jan 18, 2023 04:31 AM- ‘China’s Door to the Outside Will Only Open Wider,’ Vice Premier Liu He Says
- Top economic official tells Davos forum that China is committed to an ‘open economy’ and predicts return to normal growth this year
Jan 18, 2023 04:07 AM- China’s Emergence From ‘Zero Covid’ May Spur Global Growth
- Davos panelists discussing ‘China’s Next Chapter’ project strong rebound of economy turbocharged by consumers will trillions in excess savings
Jan 18, 2023 03:56 AM- China’s Real Estate Investments Fall for First Time Since 1997
- Decline of 10% to $1.98 trillion in 2022 is the first drop since official data began in 1997 and reflects China’s protracted property market slump
Jan 17, 2023 22:22 PM- Update: China Posts Second-Slowest Annual Economic Growth in Decades
- GDP expanded 3% in 2022, missing the government’s ‘around 5.5%’ target as expected, with expectations muted for a quick recovery amid surging Covid infections and ongoing property crisis
Jan 17, 2023 21:10 PM- Liu He Says China’s Economy Will Get Back to Normal in 2023
- Vice premier predicts imports will rise, corporate investment will increase and consumer spending will recover
Jan 16, 2023 21:08 PM- Guangdong Racks Up $22 Billion Bill Funding ‘Zero Covid’
- Local governments’ coffers bore the brunt of the spending, which included mass testing and vaccination campaigns
Jan 16, 2023 19:46 PM- World Elite Return to Winter Davos as Recession Fears Mount
- A looming recession, energy transition, geopolitical risks, and climate change will be at the top of the agenda for this year’s World Economic Forum
Jan 12, 2023 19:37 PM- Shenzhen Plans Cash Handouts to Encourage Families to Have More Kids
- Draft plan proposes subsidies of up to $5,550 for parents with three children
Jan 12, 2023 06:16 AM- Chinese Consumers Are Set to Power the Recovery, UBS Says
- Spending on appliances, furniture, dining and travel — fueled by $589 billion of ‘excess savings’ during the pandemic — should outpace GDP growth in 2023
Jan 10, 2023 05:26 AM- Local Governments Set to Borrow $146 Billion in First Quarter
- As Beijing urges more spending to bolster the economy, 18 provinces and municipalities prepare regular and special purpose bond sales
Jan 09, 2023 20:44 PM- Shenzhen District Selects First Site for Joint Development With Hong Kong
- The special territory will have industrial parks and adopt tax policies similar to those in the special administrative region
Jan 06, 2023 21:10 PM- Hong Kong Greenlights 1,400 Visas in Drive to Lure Skilled Professionals
- The Top Talent Pass Scheme has received about 2,600 applicants within a week of its launch
Jan 06, 2023 05:49 AM- China Extends Mortgage Rate Easing to Spur Home Sales
- Cities recording housing price drops for three months straight can slash borrowing costs for first-home buyers
Jan 05, 2023 09:45 AM- China Services Activity Shrinks for Fourth Straight Month, Caixin PMI Shows
- Widespread Covid-19 outbreaks continued to drag on demand and operations in December
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