China Economy

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China Economy - Total results - 42
Chinese real estate behemoth Evergrande, one other firm default on $1.6 billion in bonds
World

Chinese real estate behemoth Evergrande, one other firm default on $1.6 billion in bonds

Following the development, Fitch Ratings agency has downgraded the Evergrande’s status to ‘restricted default rating’

What world can expect from Joe Biden and Xi Jinping's virtual meet on Monday
World

What world can expect from Joe Biden and Xi Jinping's virtual meet on Monday

The meet presents the biggest opportunity yet to reset the bilateral relationship, which has been witnessing escalating tensions

After COVID-19 lockdown, Mumbai Metro gets tepid response; schools partially reopen in UP, Punjab, Sikkim
India

After COVID-19 lockdown, Mumbai Metro gets tepid response; schools partially reopen in UP, Punjab, Sikkim

China, where the pandemic began in December, became the first major economy to return to growth with a 3.2 percent expansion in the quarter ending in June

With 3.2% expansion in Q1, China becomes first major economy to return to growth since beginning of pandemic
World

With 3.2% expansion in Q1, China becomes first major economy to return to growth since beginning of pandemic

Chinese exporters have benefited from the economy’s relatively early reopening and global demand for medical supplies, according to a National Bureau of Statistics report

China's May factory activity grew at slower pace, but momentum in services, construction sectors quicken
Business

China's May factory activity grew at slower pace, but momentum in services, construction sectors quicken

While most businesses in China have reopened, many manufacturers are struggling with reduced or cancelled overseas orders as lockdowns push the global economy into recession

China's factory output posts first increase for 2020 as economy emerges from lockdown, but consumption still weak
Business

China's factory output posts first increase for 2020 as economy emerges from lockdown, but consumption still weak

After months of lockdowns, China is slowly reopening its economy as the coronavirus outbreak on the mainland has come under control.

China's manufacturing weaker in April as virus clobbers global consumer demand, hampers economy
Business

China's manufacturing weaker in April as virus clobbers global consumer demand, hampers economy

China became the first major economy to reopen factories in March after the ruling Communist Party declared victory over the outbreak. But the United States, Europe and other major markets have yet to lift controls that are keeping consumers from spending.

China's daily crude output sinks to 15-month low; state refiners maintain deep cuts as virus erodes demand
Business

China's daily crude output sinks to 15-month low; state refiners maintain deep cuts as virus erodes demand

Crude runs over the period came in at 149.28 million tonnes, or about 11.98 million barrels per day (bpd), down 4.6 percent from a year earlier, National Bureau of Statistics data shows.

China's economy shrank 6.8% in January-March, posts first decline on record as virus shuts down economy
Business

China's economy shrank 6.8% in January-March, posts first decline on record as virus shuts down economy

The historic slump in the world’s second-largest economy comes after efforts to contain the coronavirus, which first emerged in China late last year, shut down factories, transport and shopping malls.

Asia shares seen higher, but economic woes may cap gains; all eyes on China's trade data to be released today
Business

Asia shares seen higher, but economic woes may cap gains; all eyes on China's trade data to be released today

All eyes will be on China’s trade data, to be released on Tuesday, which is expected to show exports tumbling 14 percent in March from a year ago,

HSBC job cut plan: Interim CEO Noel Quinn says revamp will be different this time but staff, investors not convinced
Business

HSBC job cut plan: Interim CEO Noel Quinn says revamp will be different this time but staff, investors not convinced

HSBC, the London-headquartered bank, which makes 90 percent of its profit in Asia, is shrinking its investment bank, cutting 35,000 jobs and revamping its US and European businesses

Coronavirus hits global economy as fears grow that impact on China's markets will have ripple effect; Asia stocks, tourism worst-affected
World

Coronavirus hits global economy as fears grow that impact on China's markets will have ripple effect; Asia stocks, tourism worst-affected

The coronavirus has also roiled global commodity markets, raising fears of weaker demand and disrupting raw material supply chains in China.

Sensex slips 73.38 points to 40,371.77, Nifty falls 26 points in early deals; Bajaj Finance biggest loser; Maruti, Vedanta rally
Business

Sensex slips 73.38 points to 40,371.77, Nifty falls 26 points in early deals; Bajaj Finance biggest loser; Maruti, Vedanta rally

The Sensex was trading 73.38 points or 0.18 percent lower at 40,371.77 in morning trade; while the broader Nifty was trading 26.10 points or 0.22 percent down at 11,895.40

China services sector growth falls to seven-month low; operating expenses continue to rise: Caixin PMI
Business

China services sector growth falls to seven-month low; operating expenses continue to rise: Caixin PMI

The Caixin/Markit services purchasing managers’ index (PMI) fell to 51.3 last month, the weakest since February, versus August’s 52.1

Donald Trump says 13% of companies will leave China as new set of US tariffs kick in from 1 September
World

Donald Trump says 13% of companies will leave China as new set of US tariffs kick in from 1 September

After coming to power, US president Donald Trump has imposed hefty tariffs on import of Chinese products, resulting in a trade war between the two biggest economies of the world

China economy shows new signs of weakness with industrial output at 17-year low in July; investment, retail sales down
Business

China economy shows new signs of weakness with industrial output at 17-year low in July; investment, retail sales down

China's economy showed further signs of strain in July with output at its factories falling to its lowest level in 17 years, while investment and retail sales also slowed, official data showed on Wednesday

US-China trade tensions kick Asian business confidence to 10-year low, little signs of easing soon, finds survey
Business

US-China trade tensions kick Asian business confidence to 10-year low, little signs of easing soon, finds survey

China’s economy is also feeling the heat, with industrial output growth sliding to a 17-year low in May.

China's first quarter growth unexpectedly steadies, but too early to call clear recovery, say analysts
Business

China's first quarter growth unexpectedly steadies, but too early to call clear recovery, say analysts

China’s economy grew at a steady 6.4% pace in the first quarter from a year earlier, defying expectations for a further slowdown

Subramanian Swamy says Modi, Jaitley don't know economics as they dub India fifth largest economy, not third
India

Subramanian Swamy says Modi, Jaitley don't know economics as they dub India fifth largest economy, not third

Subramanian Swamy claimed that neither Narendra Modi nor Arun Jaitley knew economics, as they dub India the fifth largest economy instead of the third.

China says new law will bar authorities from demanding overseas companies hand over technology secrets
World

China says new law will bar authorities from demanding overseas companies hand over technology secrets

China will bar government authorities from demanding overseas companies hand over technology secrets in exchange for market share, a top economic official said