China Economy

China continues to witness economic decline over next 4 years: IMF

In a report released on Friday, the IMF projected that China's economic growth will reduce to 4.6 per cent this year, down from its 5.2 per cent growth in 2023, and drop further to 3.4 per cent by 2028.

China launches barrage of new policies to mend its economy, fend off financial crisis

A collapse in China’s real estate market has been one of the key factors hindering the country’s recovery from the shocks of the COVID-19 pandemic. What’s at stake: stable financial markets and a major driver of global economic growth.

Moody's downgrades ratings of 17 Chinese govt financing vehicles to 'negative'

The renewed negative outlooks reflect "a potential weakening in the governmental capacity to support score of their respective regional and local government owners, given the negative outlook on China's sovereign rating," Moody's said.

China failed to sell itself at Davos. And how!

China, on Wednesday, cut down the Cash Reserve Ratio or the amount of money that banks can hold with them from next month, but that has not deterred questions about the economy's near- and medium-term growth potential

China goes for cash infusion in economy, cuts cash reserve ratio

The world's second-largest economy struggled to mount a strong post-COVID recovery last year as distress in the housing market, local government debt risks and weakening global demand slowed momentum, weighing on investors' sentiment at the beginning of 2024.

China securities regulators ask funds to restrict short selling of stock index futures

A hedge fund manager said he received calls from China's financial futures exchange, cautioning against reckless short selling, especially "naked" short selling that is not conducted for hedging purposes.

China vows judicial disclosure after outcry over plan to curb access to court rulings

After the clampdown plan was criticised on social media and through blog posts by lawyers and others, the SPC issued a statement on Jan. 15 saying more court rulings should be made available under its proposed new system.

For many in China, the economy feels like it is in recession

China grew 5.2% last year, more than most major economies. But for the unemployed graduates, the property owners who feel poorer as their flats are losing value, and the workers earning less than the year before, the world's second-largest economy feels like it's shrinking.

Davos 2024: China economy growth estimated at 5.2 per cent in 2023, says premier Li

Li said at the World Economic Forum in Davos that the Chinese economy could handle ups and downs in its performance, and the overall trend of long-term growth would not change.

Weak economy, COVID rampage shrank China's population again in 2023, predict demographers ahead of 17 Jan data release

Demographers estimate population data on 17 January to show the number of new births in 2023 falling below the 9.56 million in 2022 as long-standing issues such as gender inequality and high childcare costs remained largely unaddressed