Chinese Economy

“The problem is serious.” And when it’s the head economist at the International Monetary Fund who says so, eyebrows are indeed raised. The comments made by Pierre-Olivier Gourinchas in early October at an IMF meeting in Morocco underscored the gravity of China’s current economic balancing act. The world’s second-biggest economy…

This panoramic aerial photo taken on Jan. 10, 2023 shows a view of Lujiazui area in the China (Shanghai) Pilot Free Trade Zone in east China's Shanghai. (Xinhua/Fang Zhe) BEIJING, Oct. 26 (Xinhua) -- The Chinese economy will maintain a positive recovery momentum in the fourth quarter of 2023 as…

Updated Sept. 6, 2023 3:44 am ET 0741 GMT – Metals are edging lower as worries around the Chinese economy continue to dominate sentiment. Three-month copper is down 0.4% to $8,436.50 a metric ton while nickel is 0.7% lower at $20,915 a ton. Gold, meanwhile is down 0.1% to $1,950.70…

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 the industry's shaky finances and their impact on the struggling Chinese economy. There is no indication Country Garden's problems might spread beyond China, which seals off…

Mumbai: The rupee closed at an all-time low versus the dollar Thursday as the likelihood of a prolonged phase of higher US interest rates and deepening concerns over the Chinese economy prompted global investors to reduce exposure to emerging market currencies. The rupee closed at 83.15 per US dollar on…

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…