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Chinese domestic demand waned as a summer flare-up in coronavirus cases led to lockdowns and curbs in several big cities

China Q3 GDP growth tops forecasts but rebound elusive

China's economy rebounded at a faster than anticipated pace in the third quarter, but a more robust revival in the longer term will be challenged by persistent Covid-19 curbs, a prolonged property slump and global recession risks.

Business • 24 Oct 22

China's property sector contracted further in August as home prices, investment and sales extended losses.

China's economy perks up but dogged by property crisis

China's economy showed surprising resilience in August, with faster-than-expected growth in factory output and retail sales shoring up a fragile recovery, but a deepening property slump weighed on the outlook.

Business • 16 Sep 22

China's official manufacturing PMI rose to 49.4 in August from 49 in July but remains below the 50 point mark that separates contraction from growth again

China factory activity extends declines on heat, Covid

China's factory activity extended declines in August as new Covid infections, the worst heatwaves in decades and an embattled property sector weighed on production, suggesting the economy will struggle to sustain momentum.

Business • 31 Aug 22

China is increasing efforts to revive an economy hobbled by a property crisis and a resurgence of Covid cases

China cuts interest rates to revive faltering economy

China cut its benchmark lending rate and lowered the mortgage reference by a bigger margin today, adding to last week's easing measures, as Beijing boosts efforts to revive an economy hobbled by a property crisis and a resurgence of Covid cases.

Business • 22 Aug 22

China's tax fee cuts will be larger in 2022 than last year's 1.1 trillion yuan ($173.56 billion) in reductions

China plans bigger tax cuts in 2022 to prop up economy

China will unveil bigger tax and fee cuts this year and step up payments to local governments to offset their hit to revenues, Finance Minister Liu Kun said today, amid efforts to support a slowing economy.

Business • 22 Feb 22

China, the world's second-biggest economy, expanded by 8.1% last year

China's economy grew by 8.1% last year

China's pandemic-defying economic growth slowed in the final months of 2021, official data showed today in a worrying signal for the global economy as Beijing's central bank cut a key interest rate.

Business • 17 Jan 22

China's official manufacturing Purchasing Managers' Index rose to 50.3 from 50.1 in November

China's factory activity up ahead of economic headwinds

China's factory activity unexpectedly accelerated in December, but only by a slim margin, an official survey tody showed, with analysts foreseeing more economic headwinds in the near term and policymakers being pressured to offer support measures.

Business • 31 Dec 21

The Purchasing Managers' Index in the world's second-biggest economy rose to 50.1 in November

China factory activity edges up in November

Manufacturing activity in China edged up in November on the back of an easing in power shortages and a drop in some raw material costs, official data showed today.

Business • 30 Nov 21

Chinese output grew 3.5% in October from the same time a year ago, official data showed today

China industrial output and retail sales accelerate

China's industrial output and retail sales grew more quickly than expected in October, despite fresh curbs to control Covid-19 outbreaks and supply shortages, but the slowing property sector weighed on the economic outlook.

Business • 15 Nov 21

Chinese manufacturers are struggling with high commodity prices, Covid-19 outbreaks and shortages of some key components

China's industrial profit growth slows for sixth month

Profits at China's industrial firms grew at a weaker pace in August from a year earlier, slowing for a sixth consecutive month, as manufacturers struggled with high commodity prices, Covid-19 outbreaks and shortages of some key components.

Business • 28 Sep 21

China's consumer spending hs taken a big hit from rising local Covid-19 cases

China's factory, consumer sectors slow on Covid curbs

China's factory and retail sectors faltered in August with output and sales growth hitting one-year lows as fresh coronavirus outbreaks and supply disruptions threatened the country's impressive economic recovery.

Business • 15 Sep 21

China's non-manufacturing Purchasing Managers' Index fell to 47.5 in August from July's 53.3

China's services sector contracts in August

China's services sector contracted in August for the first time since the start of the pandemic while factory activity slowed further as domestic coronavirus travel curbs hit demand for transport and tourism.

Business • 31 Aug 21

Chinese exports rose 32.2% in June from a year earlier, compared with 27.9% growth in May

China's export growth quickens on improved demand

China's exports grew much faster than expected in June, as solid global demand led by easing lockdown measures and vaccination drives worldwide eclipsed virus outbreaks and port delays.

Business • 13 Jul 21

China's Purchasing Managers' Index, a key gauge of manufacturing activity, came in at 51.1 this month

China factory activity edges down in April

Factory activity in China slowed in April as a global shortage of shipping containers hindered the movement of goods, official data showed today, but wider demand remained robust as the domestic economy rebounds from the coronavirus pandemic.

Business • 30 Apr 21

China's gross domestic product jumped 18.3% in the first quarter from a year earlier, official data showed today

China's GDP hits record growth in first quarter

China's economic recovery quickened sharply in the first quarter from last year's deep coronavirus slump, propelled by stronger demand at home and abroad and continued government support for smaller firms.

Business • 16 Apr 21

China logged its slowest expansion in four decades in 2020 as virus containment measures at home collided with a freeze in international trade

China wants economy to grow over 6% in 2021

China's leaders said today they had set a target for GDP to grow more than 6% this year, as the world's second largest economy surges out of a pandemic-induced slump.

Business • 05 Mar 21

China's 2.3% expansion in 2020 was a marked slowdown from 2019's revised growth of 6%

China GDP grows at slowest pace in over 40 years

China's GDP grew at the slowest pace in more than four decades in 2020, official data showed today, but it was still expected to be the only major economy to grow at all after a strong rebound from the coronavirus crisis.

Business • 18 Jan 21

China's consumer price index rose more than expected at 0.2% on an annual basis in December

China consumer prices rise ahead of Lunar New Year

China's consumer prices rebounded in December, official data showed today, as food prices picked up due to weather difficulties and rising demand ahead of the Lunar New Year festival.

Business • 11 Jan 21

China's official manufacturing Purchasing Manager's Index rose to 52.1 in November from 51.4 in October

China factory activity grows at fastest pace in 3 years

The robust headline PMI points to solid fourth-quarter growth, which analysts at Nomura expect to quicken to 5.7% year-on-year, from 4.9% in the third quarter, an impressive turnaround from the deep contraction earlier this year.

Business • 30 Nov 20

Retail sales in the world's second-largest economy rose 4.3% on an annual basis last month, new figures show

China's consumer spending picks up in October

China's retail sales continued a general recovery in October, official data showed today, on the back of a national holiday and policies aimed at boosting spending.

Business • 16 Nov 20

China's Caixin/Markit Manufacturing Purchasing Managers' Index rose to 53.6 from September's 53

China's factory activity rises to near-decade high

Activity in China's factory sector accelerated at the fastest pace in nearly a decade in October as domestic demand surged, a private business survey showed today, adding further momentum to an economy that is quickly recovering from the coronavirus crisis.

Business • 02 Nov 20

China's economy remains on the recovery path, driven by a rebound in exports

China's economic recovery quickens in third quarter

China's economic recovery accelerated in the third quarter as consumers shook off their coronavirus caution, although the weaker-than-expected headline growth suggested persistent risks for one of the few drivers of global demand.

Business • 19 Oct 20

The Caixin/Markit services Purchasing Managers' Index (PMI) slipped to 54.0 from July's 54.1

China's services sector sustains recovery in August

The recovery in China's service sector activity extended into a fourth month in a row in August, an industry survey showed today, with companies hiring more people for the first time since January.

Business • 03 Sep 20

China's gross domestic product expanded 3.2% in the three months from April to June

China's economy bounces back from pandemic contraction

China's economy returned to growth in the second quarter following a coronavirus contraction, with President Xi Jinping promising continued expansion ahead and urging foreign companies to be a part of it.

Business • 16 Jul 20

China's Caixin/Markit services Purchasing Managers' Index rose to 58.4, the highest reading since April 2010

China services sector grows at fastest pace in a decade

China's services sector expanded at the fastest pace in over a decade in June as the easing of coronavirus-related lockdown measures revived consumer demand, though companies continued to shed jobs.

Business • 03 Jul 20

Chinese Economy