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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.
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
China's factory activity falls faster than expected on weak demand

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
Economic development in Asia still faces many challenges, China minister says

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 exports rise for first time in 6 months: customs data

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
China's economy improves in March, will consolidate recovery, says Premier Li

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 to deepen financial reform, open to more foreign investment

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 to unveil lowest growth goal in years: analysts

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
Income, spending in China grew far slower in 2022

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's 2022 economic growth one of the worst on record, post-pandemic policy faces test

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
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