China’s economic activity returned to expansion in January as the impact of COVID-19 outbreaks eased rapidly after the world’s second largest economy dropped its zero-Covid policy.
Chinese industrial companies’ profit dropped by 4% to 8.4 trillion yuan ($1.2 trillion) in 2022, expanding from the 3.6% fall in the first 11 months of 2022, according to data released by the National Bureau of Statistics (NBS) on Tuesday.
China’s residential property sales by floor area are expected to decline by about 10% in 2023, with sales to drop about 20% in the first …
China’s fiscal revenue reached 20.37 trillion yuan in 2022, rising by 0.6% from the previous year, according to data released by the Ministry of Finance on Monday.
China three largest state-owned airlines are expected to have lost combined 103.3 billion yuan in 2022, expanding by 152% from that in the previous year.
Goldman raised its year-end target for the MSCI China Index to 85 from 80, implying a 13% upside from the current level.
China’s civil aviation industry’s transport turnover reached 59.93 billion tons-kilometers in 2022, air passenger traffic reached 250 million and cargo throughput reached 6.076 million tons, …
China’s electric vehicle battery giant CATL opened over 6% higher at 479.37 yuan, hitting the highest in nearly five months, before paring gains to 5.3%.
China’s smartphone sales fell 13% in 2022 to 286 million units, the steepest plunge in a decade as consumers spent cautiously, market research firm IDC said in a report.
The People’s Bank of China (PBOC) said on Sunday that it will roll over three lending tools as part of efforts to guide financial institutions to beef up support for green development and other areas, said the central bank on Sunday.
China’s financial hub of Shanghai will extend the subsidies for purchases of new energy vehicles (NEVs) in a move to promote car consumption, according to an action plan to stabilize economic growth released by the municipal government on Sunday.
Hong Kong’s exports plunged by 28.9% in December from a year earlier, according to data released by the Census and Statistics Department, marking the steepest drop since the 1950s, extending an eight-month streak of declines.
Investors poured a record $12.7 billion into emerging-market debt and equity funds in the week to Wednesday, in response to China’s easing of its COVID-19 …
China’s mobile phone sales reached 255 million units in 2022, plunging 19% from the previous year and falling below 300 million units for the first time since 2015, , according to a report by Chinese flat panel display and semiconductor research firm CINNO Research.
Talks between Chinese Vice Premier Liu He and US Treasury Secretary Janet Yellen in Zurich this week would have lasted longer if the US official …
The Hang Seng Index gained 1.82% close at 22,044, hitting the highest since July 5, 2022. The Hang Seng China Enterprises Index gained 2.34% to …
Overseas investors bought a net 9.256 billion yuan of Chinese A-shares via the Mainland – Hong Kong Stock Connect on Friday, marking the 13th consecutive …
Cathay Pacific Airways forecast a fiscal 2022 loss between HK$6.40 billion ($817.18 million) and HK$7.00 billion, but highlighted an upbeat outlook after Hong Kong and …
Australian assistant Trade Minister Tim Ayres and China’s Vice Minister of Commerce Wang Shouwen met on the sidelines of the World Economic Forum’s annual meeting …
China’s coal imports from Russia fell in December amid logistics issues and weaker demand amid COVID outbreaks. Some 6.89 million tonnes of Russian coal reached …
Saudi Arabia remained the top oil suppliers to China followed by Russia, as Chinese refiners snapped up low-cost Russian supplies while Western countries imposed sanctions …
Tencent Holdings’ fourth-quarter revenue was expected to grow by 1% year over year, fueled mainly by the recovery of international game business and strong growth …
China’s coal imports from Russia fell in December amid logistics issues and weaker demand amid COVID outbreaks. Some 6.89 million tonnes of Russian coal reached …
China Mobile should continue to lead the 5G/ mobile segment, while it’s expected to catch up to China Telecom in terms of cloud revenue and customer …
The Shanghai Stock Exchange and the Shenzhen Stock Exchange issued proposals to include the stocks of companies with a differential voting rights structure in the …
China’s State Council, the cabinet, approved plans to establish China-Indonesia and China-Philippines demonstration parks for economic and trade innovation and development in East China’s Fujian …
China’s installed capacity of wind and solar power exceeded 700 million kWh by the end of 2022, ranking the top globally, said Zhao Chenxi, deputy …
China’s real estate market remained sluggish across the year of 2022, with home sales sliding more than 20% to hit the lowest in six years and real estate investment posting the first annual drop on record.
China’s GDP growth for 2022 hit one of the lowest levels in nearly half a century as the world’s second largest economy was hit hard …
China’s total crude oil and natural gas imports fell 2.6% in 2022 from the previous year, while the average import price jumped by more than 40% after the Russia-Ukraine tensions drove up international energy prices.
China’s annual coal imports declined in 2022 for the first time since 2016 and import volume hit the lowest since 2019 amid rising domestic coal production and surging coal prices overseas.
China’s December exports declined at the fastest pace since March 2020 amid sluggish overseas demand, highlighting risks to the country’s economic recovery, while imports fell at a slower pace, suggesting that domestic demand may slowly recover in coming months.
China has formulated a comprehensive action plan to support the struggling real estate sector as Beijing steps up the effort to boost the country’s economic growth, the official Xinhua News Agency reported on Friday.
China exported a total of 3.11 million units of vehicles in 2022, surging 54.4% from a year earlier, according to data released by the China Association of Automobile Manufacturers.
South China’s Guangdong province, one of the country’s economic powerhouses, is expected to have reached 12.8 trillion yuan in 2022, growing by around 2% from …
China’s consumer price grew at a faster pace in December driven by rising food prices while producer price index declined by a slower pace amid …
Booking volume for hotels in Thailand by Chinese tourists during the Spring Festival holidays have so far surged almost 12 times from the same period …
China’s imports and exports are expected to have hit a new record high in 2022, the Ministry of Commerce said at a press briefing on …
Chinese electric vehicle maker BYD Company surged as much as 9.1% to hit HK$236.8, the highest in more than four month. Its Shenzhen-traded shares jumped …
China’s financial hub Shanghai set its 2023 GDP growth target at “above 5.5%”, said mayor Gong Zheng in his government work report.
CNOOC, China’s largest state-owned offshore oil driller, said it aims to achieve a record production of 650 – 660 million barrels of oil equivalent (boe) in 2023, with domestic production to account for 70% and overseas production 30%, according to a filing to the Hong Kong Stock Exchange outlining its annual strategic outlook.
China’s retail sales of passenger cars reached 2.169 million units in December of 2022, rising by 3% from a year earlier and jumping by 31.4% from the prior month, marking the fastest month-on-month growth for the month since 2008, according to data released by the China Passenger Car Association on Tuesday.
The People’s Bank of China (PBOC) and the China Banking and Insurance Regulatory Commission (CBIRC) held a meeting on Tuesday, urging banks to step up …
China’s e-commerce giant Alibaba Group has signed a cooperation agreement with the municipal government of Hangzhou, where the company is headquartered, signaling government support for the platform economy’s growth in a healthy, regulated way, local government-backed Zhejiang Daily reported on Tuesday.
China’s new banks loans rose in December from the previous month, mainly driven by the pick-up in corporate loans, and the full-year banking lending in 2022 hit a new record high after the authority introduced a series of policy measures to boost the Covid-hit economy.
Infections have been declining in China’s capital city of Beijing and several provinces, showed a summary by Health Times, a publication managed by the official news paper People’s Daily.
Foxconn’s plant in Zhengzhou, capital of central China’s Henan province, is operating at full capacity, with current capacity returning to peak level in high season, reported state broadcaster CCTV.Â
Tencent-backed WeDoctor plans to file for an initial public offering by the end of April, the latest sign of increased capital activity from China’s internet companies amid improving regulatory environment.
