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

Dec 09, 2023 19:19 PM

China’s Top Leadership Pledges Stronger Focus on Growth Next Year
Politburo meeting chaired by President Xi Jinping commits to spurring domestic demand and strengthening macro policies, as the country is on track to hit its annual growth target of around 5%
Dec 09, 2023 05:03 AM

Li Ka-shing Saw Economic Storm Coming in 2021, Partner Solina Chau Says
Hong Kong billionaire warned companies Horizon Ventures invested in to replenish cash reserves before the end of 2021 to allow them to weather economic headwinds
Dec 08, 2023 20:50 PM

China Orders Six Provinces to Get Data Fabrication Under Control
National Bureau of Statistics finds local authorities cooking the books
Dec 08, 2023 20:35 PM

In Depth: China’s Responses to Crumbling Foreign Investment May Take Time to Stoke Rebound
Diminished enthusiasm from overseas investors has been met by moves to further open up markets and attract fresh investment
Dec 08, 2023 05:16 AM

Saudi Wealth Fund Pushes for Closer Ties with Asia
The $700 billion Saudi PFI is thinking of opening offices on the Chinese mainland and India, its governor said during a Hong Kong summit
Dec 06, 2023 20:46 PM

China to Allow Social Security Fund to Buy Domestic Pension Products, Futures
The NSSF can also invest in more types of corporate bonds, according to draft finance ministry regulations
Dec 06, 2023 05:14 AM

Unsold New Homes Accumulating in China’s Smaller Cities Despite Efforts to Revive Market
Destocking times rise as property slump continues and demand for new homes fails to recover
Dec 05, 2023 19:09 PM

Caixin China New Economy Index Falls on Lower Capital Inputs
The contribution of high value-added industries such as biomedicine declined in November to 30.6% of the country’s overall economic inputs
Dec 05, 2023 09:45 AM

China Services Activity Picks Up Momentum on Stronger Demand, Caixin PMI Shows
The gauge ticked up in November, with the reading for total new orders showing growth for the 11th straight month
Dec 01, 2023 09:45 AM

China’s Manufacturing PMI Rises to Three-Month High, Caixin Survey Shows
The improvement was driven by new orders that rose in November at the fastest pace since June, while optimism about the outlook for next 12 months had the best reading since July
Nov 30, 2023 20:42 PM

China Aims to Ensure Migrant Workers Get Paid Before Lunar New Year
Provincial-level governments have told local authorities under their jurisdictions to ensure employers pay wage arrears before the country’s most important holiday begins in February
Nov 28, 2023 20:26 PM

China to Hit 5% GDP Growth Target for 2023, PBOC Chief Says
Central bank Governor Pan Gongsheng says that the decline in the rate of consumer inflation is bottoming out, as he looks to ease concerns that the country may enter deflation
Nov 28, 2023 19:35 PM

China Appoints New Party Chief of Top Tax Authority
Hu Jinglin, a former vice finance minister, succeeds Wang Jun at the State Taxation Administration
Nov 27, 2023 20:14 PM

China to Offer Private Firms Bigger Helping Hand
Seven government agencies and one business group release 25 measures to provide greater financing to the sector
Nov 22, 2023 20:19 PM

Five Things to Know About China’s Unusual Sovereign Bond Issue
Proceeds from the 1 trillion yuan sale will be transferred to local authorities, although the central government will be responsible for the principal and interest payments, easing financial pressure on localities
Nov 21, 2023 03:46 AM

China Drafts List of Developers Eligible for Funding, Asks Banks to Boost Real Estate Lending
Chinese regulators tell lenders to meet minimum thresholds for real estate lending; banks pressed to lend to private developers along with state-owned firms; housing sales continue to slide
Nov 20, 2023 08:55 AM

Cover Story: Rethinking China’s Property Market Meltdown
As top performers Gemdale and Vanke show signs of teetering, calls are growing for a fresh approach, with construction of public housing touted as a panacea
Nov 18, 2023 03:44 AM

China Tells Top Financial Institutions to Bolster the Property Market
Central bank, financial regulators and securities commission issue marching orders to China’s biggest banks, asset managers, brokerages and stock exchanges
Nov 16, 2023 06:20 AM

China Housing Market’s ‘Silver October’ Tarnishes
Government policies to spur real estate run out of steam in a month when demand is normally hot as sales plunge 28.4% from September
Nov 10, 2023 21:19 PM

Caixin Summit: China Needs Expansionary Fiscal Policy to Drive Demand, Yu Yongding Says
There is ‘considerable’ macroeconomic policy space, given a relatively low government debt level, says the Chinese Academy of Social Sciences economist