China will cut the amount of cash that banks must hold as reserves for the first time this year to help keep liquidity ample and support the economic recovery after the pandemic.
The net balance measuring whether Chinese companies project an increase in headcount over the next 12 months was 11% in February, the highest level in eight years, according to a survey by S&P Global Market Intelligence, compared to only 2% in the previous survey conducted in October last year.
China’s economic growth target for this year has been set at “around 5%” after taking into account various factors, said Chinese Premier
China reported unexpectedly strong credit growth for February, with money supply growing at the fastest pace in nearly 7 years, as the authority looks to support the economic recovery.
Hotels near top tourist attractions in major cities have been fully booked for May 1, the first day of the Labour Day holiday, according to online travel agency Trip.com.
In the first two months of the year, ASEAN remained China’s largest trading partner with bilateral trade reaching 951.93 billion yuan, a rise of 9.6% from a year earlier and accounting for 15.4% of China’s total foreign trade, according to China’s customs data on Tuesday.
China’s exports of mechanical and electrical products reached 2.03 trillion yuan in the first two months of the year, an increase of
China’s total import and export, in US dollar terms, totaled $895.72 billion in the first two months of the year, a decrease
Chinese President Xi Jinping said that China should safeguard the property rights of private-owned enterprises and the rights and interests of entrepreneurs according to the law.
Chances are high that China will meet or exceed its relatively modest economic growth target for this year, said Sheng Songcheng, a former head of the statistics and analysis department at the People’s Bank of China.
China’s “around 5%” economic growth target for 2023 is in line with the trend of economic operation, said Zhao Chenxi, deputy head
China will step up macro policy adjustments and strengthen coordination of various policies, said Zhao Chenxin, Deputy Director of the National Development and Reform Commission, at a press conference on Monday.
China will strengthen monitoring of changes in key international and domestic commodity markets and important consumer goods markets, increase the supply of important consumer goods and stablize prices.
UBS raised its forecast for China’s economic growth this year to 5.4%, higher than its previous estimate of 4.9%, according to a research note released on Monday.
Booking volume for business hotels surged 130% in February from a year earlier, with domestic bookings surging about 125% and overseas bookings
China set a modest target for economic growth this year of around 5%, according to a government work report on Sunday, as the National People’s Congress (NPC) kicked-off its annual parliamentary session.
Pressure on China’s imports and exports will increase significantly this year, said Wang Wentao, commerce minister, at a news conference on Thursday.
China’s Foreign Minister Qin Gang met with Australian Foreign Minister Penny Wong on March 2 during the G20 foreign ministers’ meeting in New Delhi.
China will actively introduce new policies and measures to support the consumption of new energy vehicles, said Wang Wentao, Minister of Commerce.
Hong Kong’s retail sales rose in January for second straight month, with sales value and volume both hitting the highest since Apr 2022, as easing epidemic control measures boosted consumer spending.
Morgan Stanley expects strong rebound in Chinese economy in the first quarter of 2023, saying that the country’s seasonally adjusted real GDP is expected to grow by about 7.5% from the previous quarter.
China’s Ministry of Commerce held a national teleconference on promoting consumption, which is of great significance and responsibility, the ministry said in a statement on Wednesday.
China’s economy is stabilizing and recovering, with vast development potential in the future, said Chinese Premier Li Keqiang in a phone call with IMF Managing Director Kristalina Georgieva on March 1, according to state broadcaster CCTV.
Online search volume for travel products during the Labor Day holidays has increased by 50.34% in the recent 30 days, according to data from online travel agency Tongcheng Travel.
China’s factory activities expanded at the fastest pace since April 2012 in February, with the official manufacturing Purchasing Manager Index (PMI) rising to 52.6, according to data released by the National Bureau of Statistics (NBS).
China’s new bank loans hit a record high of 4.9 trillion yuan ($720.21 billion) in January, as the authority moved to shore up growth in the world’s second-biggest economy after the relaxation of Covid-19 control measures.
China’s consumer prices grew at a faster pace in January driven by surging spending on services after relaxation of Covid control measures and during the Spring Festival holidays, while factory-gate deflation deepened amid falling commodity prices.
Fitch Ratings raised its forecast for China’s economic growth in 2023 to 5%, from 4.1% previously, reflecting evidence that consumption and activity are recovering faster than initially anticipated after the authorities moved away from their “dynamic zero Covid-19” policy stance in late 2022.
China’s economic growth stabilized at the end of last year and rebounded at the beginning of 2023, said Chinese Premier Li Keqiang chaired a seminar on Tuesday, according to the official Xinhua News Agency.
China’s economy is expected to expand 5.3% in 2023, Nomura said in a note, higher than its previous forecast of 4.8%.