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

Sep 28, 2023 04:00 AM

China’s Inner Mongolia to Borrow $9 Billion to Pay Bills Owed to Businesses
Autonomous region’s refinancing bond issue Oct. 9 will be the first by a local government in response to the State Council’s demand to repay businesses
Sep 27, 2023 05:43 AM

Chengdu Scraps Homebuying Limits in Certain Districts
Capital of Sichuan province joins a raft of second-tier cities in easing policies to help bolster China’s ailing housing market
Sep 23, 2023 05:55 AM

Pandemic Spending Put Local Chinese Governments $548 Billion in the Red
Top economist Bai Chongen urges central government to issue bonds and help local authorities pay off amounts owed to businesses
Sep 22, 2023 20:16 PM

China Tells SOEs, Local Governments: Pay Your Overdue Bills
State Council campaign is aimed at supporting businesses as arrears amounting to trillions of yuan, according to one estimate, threaten the vitality of the private sector
Sep 21, 2023 20:43 PM

Guangzhou Ditches Homebuying Curbs in Some Districts to Boost Sales
People are now free to buy as many properties as they want in five of the city’s 11 districts and parts of a sixth
Sep 20, 2023 20:30 PM

Charts of the Day: Property Slump Can’t Stop China’s Steelmakers
Rising demand from industries such as manufacturing, infrastructure construction and shipbuilding has helped fill the hole left by real estate, CICC analysts say
Sep 20, 2023 02:58 AM

Another Major Chinese City Scraps Limits on Housing Purchases
Hubei provincial capital Wuhan drops ban on buying more than one home for those lacking local registration documents
Sep 19, 2023 21:50 PM

In Depth: China’s Trillion-Dollar Local Government ‘Hidden Debt’ Dilemma
To solve the problem, policymakers need to take drastic measures, such as allowing local authorities to sell bad debt to asset managers and giving them a bigger slice of tax revenue, experts say
Sep 15, 2023 03:49 AM

For Sale Signs on Housing Go Up All Over China’s Megacities
Listings surge in Beijing, Shanghai, Guangzhou and Shenzhen in response to government policy easing to spur the stagnant market
Sep 14, 2023 19:55 PM

Charts of the Day: China’s Latest Policy Support Boosts Home Sales, but Briefly
A rebound in housing sales in the wake of cuts to mortgage rates and down payment ratios has petered out
Sep 14, 2023 05:36 AM

Shenzhen Eases Home Purchase Curbs to Unleash Demand
One of China’s most expensive megacities relaxes restrictions affecting nonresidents and divorcees
Sep 14, 2023 05:30 AM

Tianjin Public Transit Delays Bus Driver Salaries
Employer of 18,300 delayed wages since June, workers report, spotlighting financial strains amid years of operating losses
Sep 14, 2023 04:45 AM

Global Container Shippers Cancel Sailings as Demand Declines
Transportation rates fall with winding-down of peak summer shipping season before Golden Week factory shutdowns
Sep 12, 2023 20:49 PM

China’s Nationwide Property Tax Plan Set for Further Delay
Law paving the way for the levy is omitted from the new five-year program of the country’s top legislative body
Sep 12, 2023 05:28 AM

Beijing District Scraps Price Limits on Pre-Owned Homes
Haidian district, known for prestigious schools, joins a parade of localities dropping price controls to bolster housing sales
Sep 05, 2023 06:06 AM

China Creates New Agency to Support Private Sector
Private economy development bureau will report to the NDRC and be assigned to bolster the economy’s biggest source of jobs
Sep 04, 2023 18:36 PM

Caixin China New Economy Index Expands on Rising Investment
The gauge that tracks the size of high value-added industries such as biotech ticked up to 30.4 in August, the second straight month of growth
Sep 01, 2023 04:00 AM

China’s Banks Set to Cut Interest Rates on Deposits Again
Move would be third reduction in a year as authorities pressure financial institutions to encourage spending over saving in support of the flagging economy
Aug 31, 2023 04:27 AM

Chinese Megacities Ease Mortgage Rules for First-Home Buyers
Under pressure from the central government to spur housing sales, Guangzhou and Shenzhen tinker with criteria for most-favorable down payments and mortgage rates
Aug 26, 2023 04:07 AM

China Extends Tax Incentives by Two Years to Bolster Housing Market
Homeowners who buy a new place and sell the old one can get tax rebates, and developers of public rental housing can cash in a package of preferences