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China Economy

Dragon dying? Massive slowdown! China's economic growth rate slowest since 1990

Dragon dying? Massive slowdown! China's economic growth rate slowest since 1990

Mon, Jan 21, 2019

The uncertain outlook for Chinese exporters caused companies to delay investing and hiring and in some cases even to resort to layoffs - a practice that is often discouraged by China's stability-obsessed Communist Party rulers. The official jobless rate ticked up to 4.9 per cent last month from 4.8 per cent in November.

China's economic growth slumps to lowest since 2009

China's economic growth slumps to lowest since 2009

Sat, Oct 20, 2018

China`s economic growth slumped to its lowest since 2009 as it grew by 6.5 per cent in the third quarter from a year earlier. The announcement by the Chinese government on Friday comes at a time when Beijing is locked in a bleeding trade war with Washington.

China's Q2 GDP growth seen easing to around 6.7 percent - official think tank

China's Q2 GDP growth seen easing to around 6.7 percent - official think tank

Sat, May 19, 2018

The forecast was slightly slower than the 6.8 percent expansion posted in the first quarter. The SIC is an official think tank affiliated with the National Development and Reform Commission, the country`s top economic planning agency.

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World stocks hit 1-1/2 year high after strong China data

World stocks hit 1-1/2 year high after strong China data

Thu, Jan 05, 2017

World stocks hit their highest level since mid-2015 on Thursday after strong Chinese data added to the optimism about global growth and inflation that has been driving markets since the start of the new year.

China to relax curbs on foreign investment in banking, securities

China to relax curbs on foreign investment in banking, securities

Fri, Dec 30, 2016

China will focus on freeing up foreign investment in banking, insurance, securities and futures as part of a wider opening up of the services sector, the country`s state planner said in a document on Friday.

China retail sales up 10.0% on-year in October

China retail sales up 10.0% on-year in October

Mon, Nov 14, 2016

"The national economy, under the continuing effect of a series of policies, has maintained the momentum of moderate but stable development with quality improved," the NBS said in a statement.

Asian shares fall, dollar at 7-month high after Yellen comments

Asian shares fall, dollar at 7-month high after Yellen comments

Mon, Oct 17, 2016

Yellen said on Friday the Fed may need to run a "high-pressure" economy in order to reverse damage from the global financial crisis that depressed output.

China premier says economy improving, debt risks under control

China premier says economy improving, debt risks under control

Tue, Oct 11, 2016

More than 10 million new urban jobs were created in the first nine months, with the survey-based jobless rate falling below 5 percent in September, he said, while adding the economy still faces downward pressure.

China to prosecute 26 over $7.6 billion 'Ponzi scheme'

China to prosecute 26 over $7.6 billion 'Ponzi scheme'

Wed, Aug 17, 2016

Authorities charged 11 people -- including top executives of Ezubao’s parent company Yucheng, chairman Ding Ning and president Zhang Min -- of fraud while another 15 are accused of illegally obtaining investors` savings, the Beijing People`s Procuratorate said in statement on its website.

China's official manufacturing PMI drops in July

China's official manufacturing PMI drops in July

Mon, Aug 01, 2016

IHS Market and Caixin, in a statement, said, “July survey data signalled a renewed upturn in operating conditions faced by Chinese manufacturers, with output, new orders and buying activity all returning to growth. However, employment continued to decline and at a solid pace, which in turn contributed to the quickest rise in outstanding business since March 2011.”

Grim global economic situation prompting nations to put up firewalls: Jaitley

Grim global economic situation prompting nations to put up firewalls: Jaitley

Tue, Apr 19, 2016

With the challenging global economic situation even 1-2% growth is considered "good growth", said Jaitley

Chinese economy rises 1.1 percent in Jan-March quarter of 2016: NBS

Chinese economy rises 1.1 percent in Jan-March quarter of 2016: NBS

Sun, Apr 17, 2016

The National Bureau of Statistics of China (NBS) had also revised the 2015 quarterly growth figures for the three-quarters.

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