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.
The average price of battery-grade lithium carbonate in China drops by 10,500 yuan per tonne to 491,000 yuan on Monday, hitting the lowest level in more than four months, according to industry data.
A total of 18 provinces and cities have so far disclosed plans to issue local government bonds in the first quarter, with new special-purpose bond …
China’s crude steel output is estimated to have reached 1.01 billion tonnes in 2022, falling by 2.2% from the previous year, said Qu Xiuli, vice …
The Hong Kong Exchanges and Clearing (HKEX), the operator of the Hong Kong Stock Exchange, surged by up to 5.4% to hit HK$382.4, the highest level in more than six months. The stock has rebounded by more than 80% from the recent low seen in December.
Shares of Chinese airlines and airports trade higher in Hong Kong, with China Southern Airlines gaining more than 4%, China Eastern Airlines and Meilan Airport up about 3%.Â
The 100 major Chinese property developers’s total financing reached 101.8 billion yuan in December, jumping above 100 billion yuan for the first time in 2022, according to the China Real Estate Information Corporation (CRIC).
Chinese solar power related companies stage a strong rally on Friday. In Hong Kong, Xinyi Solar surged 6.7%, jumping for the 4th consecutive day and GCL Tech gained 5%. Solar glass makers also rallied, with Flat Glass surging13.2%, Luoyang Galss up 6%, Xinyi Glass up 3.7%.
