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China economy
Delta Covid variant hits Chinese economy hard, real estate crisis looms
Retail sales struggled in August, increasing only 2.5% from the previous year, government statistics released Wednesday. It was much weaker than expected and a dramatic slowdown from the 8.5% increase recorded in July. Chinese authorities…
The Chinese economy threatened by the debt problems of a real estate giant
Every now and then a business becomes so big and messy that governments fear what would happen to the economy as a whole if it failed. In China, Evergrande, a sprawling real estate developer, is that company.
Evergrande has the…
Why the Chinese economy is threatened by the debt problems of a real estate giant
Every now and then a business becomes so big and messy that governments fear what would happen to the economy as a whole if it failed. In China, Evergrande, a sprawling real estate developer, is that company.Evergrande has the…
The collapse of Evergrande would have “profound consequences” for the Chinese economy
Investors are bracing for the growing risk of Chinese real estate colossus Evergrande collapsing under the weight of more than $ 300 billion in debt. But experts say the Chinese Communist Party will have no choice but to save a company so…
Chinese economy receives welcome boost from strong exports
Chinese exports unexpectedly increased at a faster pace in August on strong global demand, helping to ease some of the pressure on the world's second-largest economy as it weaves its way through headwinds over several fronts.
The Asian…
Morgan Stanley economist: New regulations to reset China’s economy
Recently, a slew of regulations issued by the Chinese government covering several sectors, including technology, education and data privacy, caused Chinese stocks to fall.
These new measures indicate "an important moment in the history of…
Chinese economy rocked by Delta variant and supply chain issues
An official survey of manufacturing activity fell to 50.1 in August from 50.4 in July. It was just above the 50 point mark indicating expansion rather than contraction, but still the slowest growth rate since the start of the pandemic. A…
Chinese economy under pressure as factory activity slows in August, services contract
BEIJING: Chinese businesses and the wider economy came under increasing pressure in August as factory activity grew at a slower pace as the service sector collapsed in the contraction, increasing the likelihood more short-term political…
China’s economy is hit by the Delta surge
The Chinese economy was hit by the Delta virus outbreak in August, adding to signs of slowing growth in the second half of the year and fueling speculation about increased central bank support.Official surveys of purchasing managers showed…
Hong Kong’s role in opening up Chinese economy to ‘non-replaceable’ world, key…
Hong Kong's role in opening up China's economy to the world is "very special" and can never be replaced, a senior Beijing official said, while seeking to reassure investors that the national security law imposed on the city last year only…