BEIJING: Chinese policymakers will likely step up measures to at least help the economy meet an increasingly challenging growth target for 2024, analysts and policy advisers say, with a sharper focus on boosting demand to fight persistent deflationary pressures. Official data showed the world’s second-largest economy slowed broadly in August, fuelling expectations for more stimulus. … Read more
Peter Cardillo of Spartan Capital Securities LLC, says there is a very good possibility that with the weakness coming out of the Chinese economy, which will eventually hurt the global economy, we might get a surprise move by the Fed in September by half a percent rather than a quarter of a percent. And I … Read more
Goldman Sachs on Monday lowered its forecast for China’s 2024 gross domestic product to 4.9% from 5.0% on the back of data showing that the country’s economy slowed in the second quarter. “To counteract weak domestic demand, we believe more policy easing is necessary through the remainder of this year, especially on the fiscal and … Read more
China pledged on Monday to treat foreign companies the same way as domestic peers in a bid to attract more foreign investment, cooperation and expertise, as Asia’s largest economy moves to upgrade and strengthen its industrial chains. “China will fully guarantee national treatment for foreign companies, so that more foreign companies can invest in China … Read more
BEIJING: Chinese manufacturing activity expanded steadily as both production and new orders grew faster in February, pushing business confidence to a 10-month high even as firms remained cautious on hiring, a private-sector survey showed on Friday. The upbeat results, however, contrasted with an official survey released earlier in the day showing factory activity contracted for … Read more
A recent Bloomberg article had a headline that caught my eye: Wall Street Snubs China for India in a Historic Markets Shift. Often, but not always, stock market movements are indicative of what is happening in an economy. In todayâs episode, letâs see what has been happening in China on various economic fronts. Chinese stock … Read more
HEFEI, China: Ultramodern factories churn out electric cars and solar panels in Hefei, an industrial center in the heart of central China. Broad avenues link office towers and landscaped parks. Subway lines open at a brisk pace. Yet at Hefei’s market for construction materials, local merchants are gloomy. Wu Junlin, a vendor of doors, has … Read more
The lull of a government job does not seem to be exclusive to Indians. According to a recent report, a mind-boggling three million youth took the civil service exam in neighbouring China in the hope of landing a government job. This unprecedented number reflects the concerns of the country’s youth grappling with high levels of … Read more
BEIJING: Even China’s population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said on Saturday, in a rare public critique of the country’s crisis-hit property market. China’s property sector, once the pillar of the economy, has slumped since 2021 when real estate giant … Read more
Describing China as an “existential threat” to the US and the world, Indian-American Republican presidential aspirant Nikki Haley has claimed Beijing is “preparing for war”. China has spent half a century plotting to defeat America and in some respects, the Chinese military is already at par with the US armed forces, Haley said in a … Read more