Chinese Economy

Economists at Standard Chartered provide a brief outlook on the Chinese economy for the second quarter of 2023, based on the mixed economic performance witnessed in the first quarter. Key quotes “China’s headline GDP growth rebounded to 4.5% y/y in Q1 from 2.9% y/y in Q4-2022, beating the consensus forecast…

By Charles Kennedy - Mar 15, 2023, 1:39 AM CDT Chinese refinery throughput climbed in January and February, both compared with a year earlier and compared with December 2022. The increase was driven by a recovery in Chinese demand, particularly demand for gasoline and jet fuel as travel picks up.…

China’s economic vitality heats up global recovery As international organi-zations and investment institutions lifted their forecast on China’s economic growth this year, the international community has gained stronger confidence in the Chinese economy. There is an increasingly prevalent view that China will be a major driver of global recovery. It…

The revenue posted by SMIC is arguably one of the biggest signs of recovery for the Chinese economy. Semiconductor Manufacturing International Ord Shs (HKG: 0981) the largest chipmaker in China has posted better-than-expected revenue for the 2022 financial year. As reported by CNBC citing the company’s published financials, it said…

China’s oil and gas demand declines in 2022 as a result of its covid-19 policies. IEA: China to account for 50% of currently projected global oil demand growth in 2023. OPEC: China’s plans to expand fiscal spending to aid the economic recovery is likely to support oil demand in manufacturing,…

From Wednesday, the price of 93 and 95-grade unleaded petrol will rise by 28 cents a litre while the cost of diesel (0.05% sulphur) will increase by 9.16 cents a litre.  South Africa’s fuel prices are influenced by global oil prices and the rand exchange rate because the country imports…

Today we witness particularly hard times for the entire world because no country -- poor and rich -- has been spared of inflation. The argument by experts is that effects of COVD-19 -- let alone other adverse economic conditions that prevailed before the pandemic broke out -- have spared no…

With China’s economy open again, customers were shopping for flowers for Lunar New Year on Friday in Hong Kong. Photo: TYRONE SIU/REUTERSBy Stella Yifan Xie Jan. 22, 2023 9:00 am ET HONG KONG—Just when signs point to easing inflation worldwide, China’s economic reopening after years of strict pandemic controls is…

Chinese and Hong Kong flags flutter as screens display the Hang Seng Index outside the Exchange Square complex, which houses the Hong Kong Stock Exchange (HKEX), on January 21, 2021 in Hong Kong, China. China News Service | China News Service | Getty Images Hong Kong markets are set to…

SHANGHAI -- Leading Chinese electric vehicle manufacturer BYD Co. has adjusted product pricing, citing the impact of reduced subsidies for new energy vehicles since November 2022. Official guidance prices will rise by between 2,000 yuan ($290) and 6,000 yuan for various models beginning Jan. 1, the company said on its…