China expects holiday passenger trips to rise significantly on year, but remain well below pre-pandemic levels
China is expected to see passenger trips during the upcoming Spring Festival travel rush rise significantly from a year earlier, but remain well below pre-pandemic…
China’s top economic planner pledged to front-load infrastructure investment in first quarter
China’s top state planner said that it will appropriately front-load infrastructure investment and steadily push forward major projects to achieve concrete results. In . ….
PBOC vows to “open monetary policy toolkit wider to prevent credit fallout”
“The top priority for now is stability and that requires the authority to step up policy efforts,” said Liu Guoqiang, deputy governor of the People’s…
China’s coal output hit new record high in 2021
China, the world’s biggest coal producer and consumer, produced 4.07 billion tonnes of coal in 2021, marking a new record high and rising 4.7% from…
China’s crude steel output fell in 2021 for first time since 2015, second annual drop in nearly 40 years
China’s annual crude steel production declined in 2021 for the first time in six years, retreating from a record high in 2020, as the world’s…
China cut two key rates for first time since April 2020 to boost economic growth
China’s central bank on Monday cut the interest rates on its medium-term loans and open market operation for the first time since April 2020 as…
China’s home prices fell at slower pace in December amid easier financing for housing market
China’s new home prices declined at a slower pace in December, after the government marginally relaxed restrictions on housing market financing and meanwhile promotions by…
China’s GDP grew 8.1% in 2021, expanded 4% in Q4 last year
China’s gross domestic product (GDP) grew at its slowest pace in 18 months in the fourth quarter as the world’s second largest economy grappled with…
China Keywords Weekly
Happy Weekend! Here are the keywords in China’s economy and financial market last week. Three Trillion Yuan Infrastructure Projects Chinese regions are launching major infrastructure…
China aims to make digital economy 10% of its GDP by 2025
China has released a five-year plan for developing digital economy, aiming to boost the contribution of core digital economy industries to 10% of GDP by…
China’s trade surplus hit record in 2021, exports grew at fastest pace since 2011
China posted a record trade surplus in December and in 2021, driven by stronger-than-expected exports during the global Covid-19 pandemic. The trade . . ….
China’s land sales revenue in major cities declined in 2021 after six-year gaining streak
Land sales revenue in China’s 300 major cities declined 9% to 5.6 trillion yuan in 2021, ending a six-year gaining streak, according to data from…
China economy to grow around 5.5% this year after estimated 8.2% growth in 2021 – government think tank
China’s economy is expected to grow by around 5.5% in 2022, bringing the average annual growth rate forecast for 2020 to 2022 to 5.34%, a…
China’s credit growth slower than expected in Dec, government financing picked up, corporate credit demand remained weak
New bank lending in China declined faster than expected in December but lending for the full year of 2021 set a record the world’s second-largest…
Shenzhen city saw second-hand home sales in 2021 hit the lowest since 2008
China’s technology hub of Shenzhen saw second-hand home sales hit the lowest level since 2008 after the local government introduced reference prices to curb speculation…
Many property companies default on commercial paper repayments amid liquidity crunch
A number of Chinese real estate companies have repeatedly defaulted on commercial paper payments amid a sector-wide liquidity crunch and that has made it difficult…
China’s consumer inflation eased more than expected in Dec, factory-gate price growth slowed for second straight month
China’s consumer inflation eased more than expected in December mainly driven by falling food prices, while factory-gate prices grew at a much slower pace following…
Chinese local governments launch 3 trillion yuan infrastructure projects in first two weeks 2022
Several Chinese regions are launching constructions of major infrastructure projects at the start of 2022 faster than they did last year, as part of the…
