China will try hard to achieve the best possible results for the economy this year, said the Politburo chaired by Chinese President Xi Jinping, the top decision-making body of the China Communist Party, at a meeting on Thursday.
China’s technology hub Shenzhen saw its GDP grow by 3% in the first half of 2022 from a year earlier, according to data released by the local government on Wednesday, compared to the 2.5% growth for the national GDP during the period and 2% GDP growth for Guangdong province where the city is located.
Profits at China’s industrial companies returned to growth in June after falling for two consecutive months, mainly driven by recovery in the automobile industry. Profit structure improved as divergence between upstream and downstream industries narrowed.
The number of new births in several Chinese provinces hit the lowest in 60 years in 2021 and official now expect the country’s population to start to shrink ahead of 2025. Some experts say that China’s birth rate will continue to shrink for “more than a century.”
China’s top banking regulator vowed to ensure steady lending to qualified property developers to help resume construction of unfinished projects amid the spreading mortgage boycott …
China’s environmental protection regulator approved a total of 45 major projects involving a total of about 700 billion yuan of investment in the first half …
China’s top cybersecurity regulator fined ride-hailing giant Didi Global 8.026 billion yuan ($1.19 billion ) for breaching Chinese laws and regulations, concluding a probe that …
China’s road freight volume declines again as more than 20 provincial-level regions have been hit by a new wave of Covid-19 infections. According to data …
Nearly ten Chinese cities including Zhengzhou, Ningbo and Xianyang have taken various actions to help property developers resume constructions of stalled projects after a growing number of homebuyers across the country threaten to stop making mortgage payments for unfinished properties.
A giant mineral resources group was set up in Xiongan New Area, North China’s Hebei province on Tuesday, in a long-awaited move that is expected …
More than 20 provincial-level regions in China have reported locally transmitted COVID-19 cases in the latest round of outbreaks, and unlike the previous round, cases are found in some inland and small cities, posing challenges to the country’s epidemic control efforts.
The total value of defaulted bonds in China so far this year has more than doubled the full-year level in 2021, mainly driven by the debt crisis in the country’s real estate market.
Chinese banks further tighten restrictions on their clients’ investment in precious metals amid increased volatility in global and domestic markets.
Chinese steelmakers reported sharply worsened earnings for the first half of the year amid rising production costs, sluggish demand and falling steel prices. Angang Steel Company …
China’s economic growth slowed sharply in the second quarter of the year mainly due to the impact of the Covid outbreaks. Recovery in industrial production, …
China’s home prices continued to decline in June, but at a slower pace, after many local governments relaxed property curbs to support the struggling housing …
The sell-offs in US dollar bonds issued by Chinese property developers deepen this week amid growing concerns about financial health of the sector. Notably, bonds issued by developers widely viewed as financially healthy such as Country Garden, CIFI Holdings, Sinic Holdings also tumbled across the board.
Several Chinese banks scramble to disclose their exposures to mortgage defaults and stressed the risks are “controllable,” after homebuyers across 18 Chinese provinces refuse to pay mortgages as the properties they bought were left unfinished due to developers’ liquidity difficulties.
More and more home buyers across several Chinese province refuse to pay mortgages as the properties they bought have been left unfinished amid the liquidity crunch in the real estate sector.
China’s exports grew at the fastest pace in five months in June as factories revved up after the lifting of COVID lockdowns, while imports slowed …
China plans to build a highway network of 461,000 kilometers by 2035 and further expand it to become a world-class one by 2050, the country’s top economic planner said on Tuesday.
An increasing number of Chinese steelmakers are making losses amid sluggish market demand falling prices.
Second-hand home sales in China’s financial hub of Shanghai tumbled more than 60% year over year in the first half of 2022 amid a persistent downtrend in the housing market and the impact of the Covid-19 outbreaks.
China’s automobile production and sales declined on year in the first half of 2022 amid challenges including a shortage of auto chips, surging prices of …
China’s new bank loans grew at the fastest pace since March and the overall credit expansion beat expectations, as the authorities stepped up efforts to …
China’s steel, iron ore and other steel-making commodities tumbled on Monday on expectation of weak demand.
China’s factory-gate inflation eased for the eighth consecutive month in June to hit the lowest in 15 months, while consumer prices grew at the fastest …
China’s auto sales rebounded significantly in June amid easing disruptions of Covid-19 outbreaks to the supply chain and a series of stimulus policy measures to …
China’s lithium prices are expected to remain elevated this year amid strong demand, but the prices will see downward pressure next year as lithium supply …
China’s foreign exchange reserves hit the lowest level since March 2020, approaching the closely-watched $3 trillion mark, amid US dollar’s strengthening fueled by aggressive interest …
China’s electricity consumption is expected to rise by 7% in the second half of the year from the same period last year, expanding by 4 percentage points from the previous six months, according to a report released by the China Electricity Council on Thursday.
Chinese steelmakers are suffering from sector-wide losses, as demand remains sluggish, inventories pile up and prices decline, and many mills have decided to start equipment maintenance ahead of schedule to reduce steel supply.
China’s road cargo transportation is seeing disruptions again as heavy rainfalls hit several regions in South China which hampers its recovery from the impacts of the Covid-19 outbreaks.
China’s land market remained sluggish in the first half of the year, with land transactions sliding more than 50% from the same period last year. …
China’s services sector expanded at the fastest pace in June since August 2021 as the economy recovers after Covid-19 outbreaks ease, according to a private survey.
Chinese Vice Premier Liu He held a phone call with US Secretary of the Treasury Janet Yellen on Tuesday morning, according to China’s official Xinhua News Agency.
Chinese air cargo transport is showing signs of further recovery, as several Chinese and overseas airlines start new routes or resuming services amid easing epidemic controls in major cities such as Beijing, Guangzhou and Shanghai.
China’s home sales rose significantly in June from the previous month as government policies to support the housing market kick in and the impact of Covid outbreaks on business activities gradually ease, though analysts say the sustainability of the recovery remains in question.
China’s Ganfeng Lithium, the world’s third largest producer of lithium salts, is being investigated by China’s securities regulator for alleged insider trading, the company said in a statement on Monday.
China’s manufacturing activity expanded at the fastest pace in 13 months in June, following the lifting of COVID lockdowns and resumption of business activities, a …
China’s technology hub of Shenzhen saw second-hand home transactions in the first half of the year hit the lowest level since 2007, amid a persistent downtrend in the housing market and the impact of the Covid outbreaks.
Several Chinese regions have announced plans to increase coal production, as part of the country’s efforts to ensure energy supply and stabilize energy prices. Analysts estimate that China’s full-year coal output in 2022 is expected to increase by 200 million tonnes.
China’s factory and service activities returned to expansion in June after contracting for three consecutive months, as authorities lifted a COVID lockdown in Shanghai and took measures to revive production and boost consumption.
China’s copper futures are declining for the third consecutive week amid expectations of sluggish demand and ample supply .
Online searches for air and train tickets spiked after China announced it would no longer mark the cities with COVID case in its travel tracking system, which is expected to boost travel demand.
The recent comments by Yu Liang, Chairman of property developer China Vanke Co. Ltd, excited the market on Tuesday, triggering a strong rally in homebuilders’ …
The inclusion of exchange-traded funds (ETFs) in Stock Connects linking markets in mainland China with Hong Kong will kick off on July 4, according to a joint statement by the regulators of Hong Kong and the mainland on Tuesday, ahead of the July 1 anniversary celebrating 25 years of Hong Kong’s handover to the mainland.
China’s financial and commercial hub of Shanghai has been accelerating resumption of transport and logistics after a two-month Covid lockdown was lifted on June 1 and the city’s highway, waterway, airway and railway transport volume has largely returned to normal levels before a COVID-19 outbreak hit two months ago, said an official from the Ministry of Transport on Monday.
Richard Liu Qiangdong, Founder and Chairman of Chinese e-commerce giant JD.com Inc., has been offloading shares of the company over the past month, cashing in about …
Profits at Chinese industrial companies declined at a slower pace in May as production and logistics gradually recovered after the Covid-19 outbreaks ease. Industrial companies’ …
China’s summer tourism is showing signs of recovery as major scenic spots reopen, most provinces allow inter-provincial travel, and many regions and attraction sites offer …
China’s Shanghai Export Containerized Freight Index compiled by the Shanghai Shipping Exchange has been falling in the recent month as the rebound of exports has been slower than expected.
Electricity demand in northern, central and northwestern China hit record levels as millions turned on air conditioners to escape wide-spread heatwaves. The maximum electricity load …
China will include platform companies’ payment businesses and other financial activities into the scope of government supervision, while pushing large payment companies to “go back …
Chinese property developers’ sales have been weak, with most of them achieved lower than 30% of the full-year sales target, even after more than 200 …
Chinese local governments’ bond issuance hit a new record high in June after the top authority called for faster issuance to boost investment and support …
Premier Li Keqiang stressed on Tuesday the fundamental role of grain production and energy supply in stabilizing commodity prices, saying that China has kept its …
China stepped up crude oil imports from Russian in May amid steep discounts offered by suppliers amid sanctions imposed by Western economies over the invasion …
