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The People's Bank of China has cut the amount Chinese banks must hold in reserve

China to cut amount banks hold in reserve

China said today it would next month cut the amount banks must hold in reserve in order to boost lending, state media reported, as officials look to reignite stuttering growth.

Business • 24 Jan 24

China's GDP grew 5.2% in the third quarter from a year earlier, quickening from 4.9% in the third quarter but missing a 5.3% forecast in a Reuters poll

China's 2023 GDP shows patchy economic recovery

China's economy grew 5.2% in 2023, slightly more than the official target, but the recovery was far shakier than many analysts and investors expected, with a deepening property crisis, mounting deflationary risks and tepid demand casting a pall over the outlook for this year.

Business • 17 Jan 24

Chinese exports fell by 4.6% in 2023, the first annual drop since 2016, new figures show today

China exports fall in 2023 for first time in 7 years

China's exports fell last year for the first time in seven years, data showed today, as tensions with the US and a stuttering global economic recovery compound Beijing's struggles to kickstart growth at home.

Business • 12 Jan 24

China's disappointing post-Covid recovery has presented Beijing with a tough choice for 2024 and beyond

Can China get its economic miracle back on track?

China's disappointing post-Covid recovery has raised significant doubts about the foundations of its decades of stunning growth and presented Beijing with a tough choice for 2024 and beyond: take on more debt or grow less.

Business • 29 Dec 23

China retail sales rise in November but miss forecasts

Chinese retail sales rose less than expected last month, official data showed today, showing demand in the world's second biggest economy remains sluggish a year after strict Covid containment measures were lifted.

Business • 15 Dec 23

Chinese exports - long a key growth driver - have largely been in decline since last October except for a short-lived rebound in March and April

China says exports rise for first time in seven months

Chinese exports rose in November for the first time in seven months, officials said today, as the country navigates a troubled recovery from the Covid-19 pandemic.

Business • 07 Dec 23

Chinese exports sank 6.4% year-on-year last month, new figures show today

China's exports extend slump in October

China's exports fell at a faster pace than predicted in October, data showed today, as the world's second-largest economy is buffeted by faltering global demand and a sluggish domestic recovery.

Business • 07 Nov 23

China's GDP grew 4.9% in the three months from July to September compared to the year earlier, slower than the 6.3% expansion in the second quarter

China's third quarter GDP growth slows to 4.9%

China's economy grew at a faster-than-expected pace in the third quarter, while consumption and industrial activity in September also surprised on the upside, suggesting the recent flurry of policy measures is helping to bolster a tentative recovery.

Business • 18 Oct 23

Exports, which have historically served as a key growth engine for China, dropped 6.2% year-on-year in September

China trade figures improve slightly in September

Chinese exports fell in September, data showed today, but at a slower pace than expected for the second month in a row,.

Business • 13 Oct 23

Chinese industrial output rose 4.5% in August from a year earlier, new figures show

China's economy shows some signs of stabilising

China's factory output and retail sales grew at a faster pace in August, new figures show today, but tumbling investment in the crisis-hit property sector threatens to undercut a flurry of support steps that are showing signs of stabilising parts of the wobbly economy.

Business • 15 Sep 23

China, the world's second-largest economy, has been struggling after a brief post-Covid recovery

China 2023 GDP growth forecast cut to 5% - economists

China's economy will grow less than previously thought this year and next as a struggling property market dogs what was once the world's growth engine, according to a Reuters poll of economists who said the risks were skewed to further downgrades.

Business • 12 Sep 23

China's deflation pressures ease in August

China's consumer prices returned to positive territory in August while factory-gate price declines slowed, data showed over the weekend, as deflation pressures ease amid signs of stabilisation in the economy.

Business • 11 Sep 23

China's one-year loan prime rate, which serves as a benchmark for corporate loans, has been cut from 3.55%to 3.45%

China cuts key interest rate to support economy

China's central bank has today cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy.

Business • 21 Aug 23

Chinese retail sales, a key gauge of consumption, grew 2.5% year-on-year in July, new figures showed this week

China says economic recovery will be 'tortuous'

China said today its economic recovery "will be a bumpy and tortuous process", but insisted Western critics "will for sure be proven wrong".

Business • 16 Aug 23

Job seekers check job postings at a job fair in Suzhou, Jiangsu province, China

China halts youth jobless figures as economy weakens

China's statistics bureau said it had suspended publication of youth jobless data, citing the need to improve methodology in the way it measured unemployment among young people, which has hit record highs in recent months.

Business • 15 Aug 23

The Caixin/S&P Global services purchasing managers' index eased to 53.9 in June from 57.1 in May - the lowest reading since January

China's services activity softens as recovery falters

China's services activity expanded at the slowest pace in five months in June, a private-sector survey showed today, as weakening demand weighed on post-pandemic recovery momentum.

Business • 05 Jul 23

Inbound shipments to the world's second-largest economy fell 7.9% year on year in April

China reports shrinking imports, slower exports growth

China's imports contracted sharply in April, while exports rose at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of Covid curbs and heaping pressure on an economy already struggling in the face of cooling global growth.

Business • 09 May 23

China's economy grew by 4.5% in the first quarter of 2023 as the country reopened after the end of zero-Covid measures late last year

China's economic growth jumps 4.5% in Q1

China's economy grew a forecast-busting 4.5% in the first quarter as the country reopened after the end of zero-Covid measures late last year, official data showed today.

Business • 18 Apr 23

China's retail sales in the first two months of this year jumped 3.5% from a year before, reversing a 1.8% annual fall seen in December

China's economy shows gradual recovery after reopening

China's economic activity picked up in the first two months of 2023 as consumption and infrastructure investment drove recovery from pandemic disruption, despite challenges of weak global demand and a persistent downturn in the property sector.

Business • 15 Mar 23

China's consumer price index in February was 1% higher than a year earlier, rising at the slowest pace since February 2022

China's inflation slows to lowest level in a year

China's annual consumer inflation slowed to the lowest rate in a year in February as consumers remained cautious despite the abandonment of strong pandemic controls late in 2022.

Business • 09 Mar 23

The opening ceremony of the annual National People's Congress in China

China sets modest growth target of about 5%

China has set a modest target for economic growth this year of around 5% as it kicked-off the annual session of its National People's Congress (NPC), which is poised to implement the biggest government shake-up in a decade.

Business • 06 Mar 23

China's manufacturing purchasing managers' index (PMI) shot up to 52.6 in February from 50.1 in January

China factory activity sees fastest growth in 10 years

China's manufacturing activity expanded at the fastest pace in more than a decade in February, an official index showed today, smashing expectations as production zoomed after the lifting of Covid-19 restrictions late last year.

Business • 01 Mar 23

A woman walks past a billboard showing Chinese President Xi Jinping

China President urges 'intensive' state, party revamp

Chinese President Xi Jinping envisages "intensive" and "wide-ranging" re-organisation of state and Communist Party entities, with part of the plan to be presented to the annual meeting of parliament, state media said today.

Business • 28 Feb 23

China's GDP expanded by 3% in 2022, badly missing the official target of 'around 5.5%'

China's 2022 economic growth one of the worst on record

China's economic growth in 2022 slumped to one of its worst levels in nearly half a century as the fourth quarter was hit hard by strict Covid curbs and a property market slump, raising pressure on policymakers to unveil more stimulus this year.

Business • 17 Jan 23

China is facing a series of headwinds including protracted Covid-19 curbs, global recession risks and a property downturn.

China's economy loses momentum as Covid curbs hit

China's economy suffered a broad slowdown in October as factory output grew more slowly than expected and retail sales fell for the first time in five months, underscoring faltering demand at home and abroad.

Business • 15 Nov 22

Chinese Economy