China, Australia trade officials had talks for first time since 2019, aiming to bring bilateral ties back on track
China and Australia’s top trade officials on Monday held talks for the first time since 2019, in the latest sign of a
Category: MACRO
China’s outstanding real estate loans slowed significantly in 2022, property development loans showed pickup in Q4 – PBOC data
China’s outstanding loans to the real estate sector stood at 53.16 trillion yuan at the end of 2022, rising by 1.5% from a year earlier, slowing by 6.5 percentage points from the previous year.
Hong Kong launches promotion campaign, to gift 500,000 air tickets to lure visitors
Hong Kong leader John Lee unveiled a promotion campaign that will include 500,000 free flights to lure visitors, businesses and investors back to the city after more than three years of tough COVID-19 curbs.
Hong Kong GDP shrank 4.2% in Q4, contracted 3.5% in 2022
Hong Kong’s GDP shrank by 4.2% year over year in real terms in the fourth quarter of 2022, according to advance estimates
China’s economic activities returned to expansion in Jan after zero-Covid measures lifted
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.
China’s industrial profit fell 4% in 2022, manufacturing sector’s profit slid 13.4%
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 fiscal revenue rose 0.6% in 2022, tax revenue declined 3.5%
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.
Shanghai to extend NEV purchase subsidies, to provide subsidies for green, smart home appliance buying
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 tumbled by most since 1950s, imports hit weakest since global financial crisis
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.
China’s GDP grew 3% in 2022, Q4 growth hit 2.9%, both beat expectations
China’s GDP growth for 2022 hit one of the lowest levels in nearly half a century as the world’s second largest economy
China’s exports slid 9.9% on year in Dec, imports fell at slower pace, 2022 foreign trade hit new record high
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 formulates action plan to support struggling real estate sector, to reasonably improve “Three Red Lines” restrictions
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.
Guangdong province’s GDP grew around 2% in 2022, targets “above 5%” growth in 2023
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
China’s consumer price grew at faster pace in Dec driven by rising food prices, factory-gate price fell at slower rate amid falling oil prices
China’s consumer price grew at a faster pace in December driven by rising food prices while producer price index declined by a
China’s imports and exports expected to hit new record high in 2022, said commerce ministry
China’s imports and exports are expected to have hit a new record high in 2022, the Ministry of Commerce said at a
China’s financial hub Shanghai eyes “above 5.5%” GDP growth in 2023 after 3% growth last year
China’s financial hub Shanghai set its 2023 GDP growth target at “above 5.5%”, said mayor Gong Zheng in his government work report.
PBOC, banking regulator urge banks to step up support to real economy, front-load loan issuance
The People’s Bank of China (PBOC) and the China Banking and Insurance Regulatory Commission (CBIRC) held a meeting on Tuesday, urging banks
China’s new bank loans rose in Dec, 2022 bank lending hit new record amid policy support
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.
Beijing city, several Chinese provinces passed peak of Covid infections – state media
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.
Major Chinese property developers’ financing surged over 80% on month in Dec, full-year amount below 1 tn yuan for first time since 2016
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).
China’s passenger trips during Spring Festival travel rush to surge 99.5% on year – official
China is expected to see about 2.095 billion passenger trips during the 40-day Spring Festival travel rush (Jan 7 – Feb 15),
China extends policy to allow cities with steep home price drops to lower mortgage rates
China will allow cities where home prices posted steep declines in three consecutive months to lower home mortgage rates, marking an extension of a temporary policy announced in September as the housing market remained sluggish.
China to appropriately step up fiscal spending, expand use of special bonds to boost investment, to strengthen government debt – finance minister
China will coordinate fiscal policy tools such as fiscal revenue, fiscal deficit, etc., and appropriately increase fiscal spending to boost economic recovery, said Finance Minister Liu Kun.
Some 70% of Shanghai population may have been infected with Covid – government expert
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China’s domestic tourist trips, tourism revenue during New Year holiday remain sharply lower than pre-pandemic levels
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China’s winter Covid outbreaks likely passed peak in major cities, more waves expected in rural areas – research
The winter Covid-19 outbreaks might have passed the peak in major Chinese cities, but the country is expected to see several more waves, including in rural areas, according to a domestic research.
China’s non-manufacturing activities contracted at much faster pace in Dec amid Covid disruptions
China’s non-manufacturing activities contracted at a much faster pace in December, with the official non-manufacturing PMI sliding to 41.6 from 46.7 in
China’s factory activities slipped deeper into contraction in December amid Covid outbreaks
China’s factory activities slipped deeper into contraction in December, with the official manufacturing PMI falling to 47 from 48 in the previous month, according to data released by the National Bureau of Statistics.
Russia becomes one of China’s leading suppliers of oil, gas – Russian President Putin
Russian President Vladimir Putin said that Russia had become one of China’s leading suppliers of oil and gas, with 13.8 billion cubic metres of gas shipped to China via the Power of Siberia pipeline in the first 11 months of 2022.
China to remove Covid testing requirement for inbound travelers, eyes resumption of cross-border cargo, passenger transport
China will no longer require inbound travelers to take COVID-19 testing on arrival, taking effect from January 8, said the General Administration of Customs (GAC) on Wednesday.