Chinese Economy

Wholesale new-vehicle deliveries dropped 7.9 percent to 2.33 million industrywide in November, ending a five-month recovery, the China Association of Automobile Manufacturers said Friday. The trade group blamed the market contraction on a slowing economy and a flare-up in coronavirus outbreaks across the country. Last month, wholesale deliveries of new…

Published: 9:07pm, 4 Dec, 2022 Updated: 9:07pm, 4 Dec, 2022 Read More

On October 24, China’s National Bureau of Statistics announced that GDP growth in the third quarter of 2022 had increased by 3.9 percent year on year — beating expectations. Other economic figures released by the bureau suggest that total GDP for the first three quarters was about $12 trillion (87…

Over his 10-year tenure, Chinese President Xi Jinping has turned the world's second-largest economy into a tool to project geopolitical power. Why it matters: By making foreign access to the massive Chinese economy contingent upon toeing Chinese Communist Party lines, Xi has pressured companies and governments around the world to…

Population: Total population: 1,443,497,378 (2020 census). Total number of births in 2021: 10.62 million, a decrease of 1.38 million compared with 2020. Energy capacity: Total installed power generation capacity: 2.38 billion kilowatts (kW) (2021). Total renewable energy generation capacity: 1.52 trillion kilowatt-hours (kWh), accounting for 31.8% of total power generation…

Updated Sept. 2, 2022 10:48 am ET Read More

Analyts at JP Morgan note that they maintain their constructive outlook on the Chinese economy, citing four key reasons. “1. Chinese money supply is moving up ... and credit impulse is improving. This has historically been key for the Chinese activity momentum. 2. More policy stimulus is likely, in order…

Tencent (Picture: Xing Yun / Costfoto/Future Publishing via Getty Images) Tencent Holdings logged its first-ever revenue decline after its workforce shrank almost 5%Tencent is grappling with a downturn in the world’s No. 2 economy, the product of a property slump and ad-hoc coronavirus lockdowns from Shanghai to Shenzhen.The uncertainty is…

Investments in renewables are hitting new highs in China, as recurrent Covid-19 outbreaks and a crisis-stricken housing market threaten the world’s second-biggest economy, according to BloombergNEF. August 17, 2022 Max Hall BloombergNEF (BNEF) says its latest survey of global clean energy investment indicates that Chinese solar and wind energy projects…

Ethereum fell below $1,900 earlier today, as crypto markets continued to react to disappointing economic data from China. Figures for July showed that both retail sales and industrial production in China had grown by less than expected, heightening concerns of an upcoming global recession. Bitcoin also declined on Tuesday. Bitcoin…