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China economy
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China's Xi renews pledges to open economy, cut tariffs this year
Xi said China would raise the foreign ownership limit in the automobile sector 'as soon as possible' and push previously announced measures to open the financial sector.
'Zombie' enterprises hampering China's economic transformation: Chinalco
China's "zombie" enterprises are impeding the country's economic transformation, said the country's biggest state aluminium producer.
China's yuan ends at 28-month low despite fresh policy step, nears daily lower limit
China's yuan finished domestic trading session at a new 28-month low against the dollar on Monday, near its downside trading limit, despite the central bank taking steps to rein in the currency's weakness.
September 26, 2022 | 07:33 pm PT
China's super-rich see fortunes plunge as economy slows
China's super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing's zero-Covid measures and falling mainland and Hong Kong stock markets pummeled fortunes, an annual rich list said on Tuesday.
November 7, 2022 | 07:00 pm PT
China's 2022 economic growth one of the worst on record, post-pandemic policy faces test
China's economic growth in 2022 slumped to one of its worst in nearly half a century as the fourth quarter was hit hard by stringent Covid curbs and a property market slump, raising pressure on policymakers to unveil more stimulus this year.
January 16, 2023 | 08:01 pm PT
Income, spending in China grew far slower in 2022
Income per capita in China grew by just 2.9% in real terms over 2022, after increasing by 8.1% a year earlier, returning to a growth rate similar to that of 2020 when China was battling Covid and introducing sweeping lockdowns and other restrictions.
February 27, 2023 | 08:17 pm PT
China to unveil lowest growth goal in years: analysts
China will likely set one of the country's lowest growth goals in decades at the annual National People's Congress next week, experts told AFP, hit by long-running property woes, a sluggish global economy and geopolitical tensions.
March 2, 2023 | 07:37 pm PT
China to deepen financial reform, open to more foreign investment
China will deepen financial reform and improve its regulatory regime to guard against risks to the economy, and further open up to foreign investment, Premier Li Keqiang said on Sunday.
March 4, 2023 | 09:30 pm PT
China's economy improves in March, will consolidate recovery, says Premier Li
China's economic performance has improved in March from the first two months and the country will expand domestic demand and consolidate its economic recovery, Premier Li Qiang said on Thursday at an economic forum in Boao.
March 29, 2023 | 07:52 pm PT
China exports rise for first time in 6 months: customs data
China's exports rose in March for the first time in six months, customs data showed Thursday, as the world's second-largest economy continued its recovery following the end of onerous coronavirus curbs late last year.
April 12, 2023 | 11:54 pm PT
Economic development in Asia still faces many challenges, China minister says
Economic and trade development in the Asia-Pacific still faces many disturbances and challenges, China's commerce minister Wang Wentao said.
May 27, 2023 | 01:35 am PT
China's factory activity falls faster than expected on weak demand
China's factory activity contracted faster than expected in May on weakening demand, heaping pressure on policymakers to shore up a patchy economic recovery.
May 30, 2023 | 06:34 pm PT
Chinese graduates lower their ambitions in moribund jobs market
Applied maths graduate Liang Huaxiao tried to land a job with one of China's tech giants for two years. Then she tried customer service and sales. Then she applied for assistant roles in a bakery and in a beauty parlor.
May 31, 2023 | 06:52 pm PT
China cuts short-term interest rate to kickstart economy
China's central bank on Tuesday cut a key policy interest rate, in a surprise move to boost the country's flagging economy.
June 12, 2023 | 11:16 pm PT
Slowing Chinese economy of more concern to EU firms than geopolitics: survey
A slowdown in both the Chinese and global economies is the biggest issue affecting European firms in China, beating political tensions with the United States and decoupling, according to the European Chamber of Commerce in China.
June 20, 2023 | 09:04 pm PT
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