Chinese Economy

Author of the article: The Associated Press Joe Mcdonald Published Aug 17, 2023  •  Last updated Aug 17, 2023  •  6 minute read BEIJING (AP) — China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about…

Duisburg is a major inland port, and key destination for freight trains from China - Copyright AFP Ishara S. KODIKARA Asian markets fell Wednesday on concerns about the Chinese economy and after stronger-than-expected US retail sales data increased the likelihood of a further Fed rate hike. The bounce in July…

Global stocks wavered Wednesday on strong industrial production data from the US and eurozone, while concerns about the Chinese economy and a further Fed rate hike persisted.  Wall Street stocks were mostly higher early Wednesday after the Federal Reserve announced industrial production rose by 1.0 percent in July, after two…

A surprise rate cut by China may point to further government action to support the stuttering economy and allay concerns over the property sector. Photo: STR / AFP Source: AFPAsian markets rose Tuesday as a US tech rally bouyed sentiment although concerns over China weighed on Hong Kong as a…

The statistic which is dominating headlines regarding China is that the country recorded a year-on-year drop of 0.4% for CPI in July, and in doing so became the first G20 nation to enter a period of deflation since Japan in February 2021. Simultaneously, the Producer Price Index (PPI) “declined for…

Friday 11 August 2023 9:20 am London’s FTSE 100 closed significantly lower on Friday, despite a better than expected GDP reading, as a stronger pound and concerns over the Chinese economy dampened sentiment. The FTSE 100 index closed 1.26 per cent lower at 7,522.86 while the mid-cap FTSE 250 index…

* The Chinese economy recorded a general upward trajectory in the first half of this year. * With its super-sized market and great domestic demand potential, China possesses strong economic resilience and abundant room for maneuvering. * Since the beginning of this year, multiple visits to China by executives of…

Excess gas inventories in Europe and the U.S. keep natural gas prices down. Europe’s purchases of U.S. LNG have dwindled, with June’s volumes clocking in at 4.15 million metric tons, down from 5.63 million tons in May. Asia and China picking up the slack left by Europe and are expected…

Multiple global investors in China have voiced confidence in the Chinese economy, believing that China's economic performance in the first half of this year reflects a positive trend. Produced by Xinhua Global Service Read More

China's economic performance in the first half (H1) of 2023 showed signs of recovery in the face of various challenges, guest speakers told the China Economic Roundtable hosted by Xinhua News Agency. China's gross domestic product (GDP) grew 5.5 percent year on year in the first half of 2023, data…