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China economy
China bets on $11B consumer trade-in scheme to revive economic growth

China bets on $11B consumer trade-in scheme to revive economic growth

China added more home appliances to the list of products that can be used in its $11 billion consumer trade-in scheme and will offer subsidies for additional digital goods this year, in an effort to revive demand in the sluggish household sector.
World's second-largest economy grows 4.7%, below forecast

World's second-largest economy grows 4.7%, below forecast

Quiz: Which country is the largest gold consumer?

Quiz: Which country is the largest gold consumer?

Chinese people rush to gold amid uncertain economy, crisis-ridden real estate market

Chinese people rush to gold amid uncertain economy, crisis-ridden real estate market

People in China have been turning to gold despite rising prices as the precious metal is deemed the best safe haven asset amid economic uncertainties and a crisis-hit property sector.
June 18, 2024 | 10:58 pm PT
China's consumer prices rise for third month, factory deflation persists

China's consumer prices rise for third month, factory deflation persists

China's consumer prices rose in April for a third straight month, while producer prices extended declines, suggesting resilient domestic demand, despite a shaky economic recovery.
May 10, 2024 | 06:34 pm PT
China trade surges in first two months of 2024

China trade surges in first two months of 2024

China's exports sharply accelerated in the first two months of 2024, official figures showed Thursday, providing policymakers a bright spot as they battle to revive the world's second-largest economy.
March 6, 2024 | 11:03 pm PT
China factory activity decline deepens in December

China factory activity decline deepens in December

China's factory activity decline deepened in December, official data showed Sunday, as Beijing rounded off a year marked by its stuttering economic recovery from the pandemic.
December 30, 2023 | 06:59 pm PT
China factory output, retail sales beat expectations in boost to economic recovery

China factory output, retail sales beat expectations in boost to economic recovery

China's October economic activity perked up as industrial output grew at a faster pace and retail sales growth beat expectations, an encouraging sign for an economy still showing significant pockets of weakness despite a flurry of support measures.
November 14, 2023 | 07:28 pm PT
Bumpy road for China's ride hailing drivers as economy slows

Bumpy road for China's ride hailing drivers as economy slows

Shanghai driver Zhu Zhimin works 15 hours a day to earn the same money he was making only a few months ago working a regular shift, as he competes with an increasing number of Chinese rushing into the ride-hailing industry.
August 15, 2023 | 07:35 pm PT
China cuts key rates as weak batch of July data darkens economic outlook

China cuts key rates as weak batch of July data darkens economic outlook

A broad array of Chinese data on Tuesday highlighted intensifying pressure on the economy from multiple fronts, prompting Beijing to cut key policy rates to shore up activity but analysts say more support is needed to revitalize growth.
August 15, 2023 | 01:04 am PT
China's consumer prices swing into decline as deflation risks build

China's consumer prices swing into decline as deflation risks build

China's consumer prices posted their first annual decline in more than two years in July, while factory gate prices extended their falls, data showed on Wednesday, as lackluster demand weighed on the economy.
August 8, 2023 | 06:38 pm PT
'Artificially high' growth predicted for China in Q2: survey

'Artificially high' growth predicted for China in Q2: survey

China's economic growth is expected to have surged in the second quarter, an AFP survey has forecast, but analysts say Monday's figures will be misleadingly inflated given the low base of comparison with pandemic-wracked 2022.
July 14, 2023 | 06:08 pm PT
Slowing Chinese economy of more concern to EU firms than geopolitics: survey

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
China cuts short-term interest rate to kickstart economy

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
Chinese graduates lower their ambitions in moribund jobs market

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
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