Chinese Economy

COVID-19 and the resultant lockdowns have had a deleterious effect on China’s economy that is now starting to reflect in the economic data: April saw the first negative industrial growth in two years. But conversely, the pandemic has also created a new economic dynamo: The stay-at-home economy. While the industrial…

Every finance professor warns that high gross domestic product (GDP) growth doesn’t always translate into high returns for the stock market. The inverse (low GDP does not mean negative returns) is also true, particularly in the short term. In mature markets, profits for the largest firms are not directly tied…

Asian stocks have followed Wall Street lower as fears increased that U.S. rate hikes to fight inflation might stall economic growth By JOE McDONALD AP Business Writer 10 May 2022, 03:56 • 3 min read BEIJING -- Asian stocks followed Wall Street lower Tuesday as fears increased that U.S. rate…

Synopsis As severe, regular lockdowns stoke public anger and hit the Chinese economy, China's top leader Xi Jinping has issued the harshest warning against anyone who challenges the country's zero-COVID policy.PTIBeijing: In this photo released by China's Xinhua News Agency, Chinese president Xi Jinping delivers a speech via video link…

China is facing "enormous risk" and at the moment and is unlikely to meet its economic growth target for the year, according to economist Stephen Roach, who has been a longtime bull on the Asian giant. "I'm a congenital bull on China," Roach told CNBC's "Squawk Box Asia" on Friday.…

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Monday 28 March 2022 6:30 pm The capital’s premier FTSE 100 index jumped 0.23 per cent to 7,500.19 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.53 per cent to 21,067.93 points (Photo by Anastasia Vlasova/Getty Images) Seeds…

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China is Russia's partner in waging war in Ukraine. Oleg Rubak, 32, a local engineer who lost his wife Katia, 29, in the shelling, stands on the rubble of his house in Zhytomyr on March 02, 2022, after it was destroyed by a Russian bombing the day before. EMMANUEL DUPARCQ/AFP…

Xi Jinping's call for Western central banks to keep monetary policy relaxed reflects that the Chinese economy is precariously placed — and therefore so is Xi. Chinese President Xi Jinping (Image: Pang Xinglei/Xinhua via AP) The bizarre sight of China’s President Xi calling for Western central banks to hold off…