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.
Category: FEATURES
Key takeaways of statement of China’s annual Central Economic Work Conference
China’s annual Central Economic Work Conference was held in Beijing from Thursday to Friday as Chinese leaders decided on the priorities for the economic work in 2023, according to China’s official Xinhua News Agency.
China’s new bank loans rebounded in Nov, credit growth hit slowest since Oct 2021, household loans, corporate bond financing remained weak
China’s new bank loans rebounded in November from the previous month amid the government’s efforts to bolster the slowing growth, while the overall credit growth remained sluggish as household loans and corporate bond financing remained weak.
China’s Nov passenger car sales posted first monthly decline in peak season since 2008, auto market may see zero growth in 2023 – industry body
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China’s manufacturing, service activities contracted at faster pace in Nov amid Covid restrictions
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China announces rules to facilitate property developers’ equity financing, to resume developers’ refinancing
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PBOC cut RRR by 25 bp to release 500 billion yuan funding
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Updated: Six large state banks agreed to provide more than one trillion yuan of credit lines to property developers
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China’s new bank loans tumbled in Oct, broad credit growth slowed amid weak credit demand
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China’s factory gate prices fell for first time since Dec 2020, consumer inflation eased amid COVID curbs
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China vows to expand bond financing for private property developers, homebuilders’ non-bank financing posts first annual growth this year in Oct
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China’s exports posted first drop since Jun 2020 in Oct amid weaker overseas demand, higher base
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China steps up support for homebuilders to issue bonds with state guarantee, 200 bn yuan issuance expected in second round
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Eight Chinese provinces saw GDP growth slow in Jan – Sept from first half amid Covid outbreaks, power shortage
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China coal imports fell 12.7% in Jan – Sept amid high prices overseas, full-year imports may drop over 15%
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China’s electricity consumption expected to grow 4% – 5% in 2022, slowing significantly from 10.3% growth last year – industry body
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China’s steel exports declined for 4th consecutive months in Sept amid sluggish overseas demand
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More Chinese cities see home prices drop in Sept, nearly 90% major cities see second-hand home prices fall
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Some Chinese cities see second-hand home sales pick up after authorities rolled out supportive policy measures
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Dozens of Chinese cities lower mortgage rates for first-time home buyers below 4% after PBOC policy easing
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China’s six large state-owned banks made rare move to simultaneously announce support for economic growth, granted total 9.5 trillion yuan loans in Jan – Sept
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China’s container freight rates tumble over 70% this year amid weak export demand, some container lines suspend shipping to US, Europe
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China’s consumer inflation hit highest since Apr 2020, factory-gate prices grew slowest since Jan 2021
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China’s new bank loans hit new record in Sept, credit growth beat expectations
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China’s new home sales in National Day holidays declined significantly despite supportive policy measures
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China to cut interest rates on provident fund loans for first-time home buyers, to refund individual income tax for some buyers
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Chinese yuan hit 14-year low against US dollar, PBOC warns against forex ” gambling”
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Chinese yuan weakened further despite PBOC’s move to raise forex risk reserve ratio to curb sharp depreciation
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Container freight rates tumble as much as 90% from year-ago level amid sluggish overseas demand, easing port congestion
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Zhengzhou city saw second-hand home sales surpass new homes in August amid concerns over delayed new home delivery
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