After a two-month lockdown that confined residents to their homes and battered the Chinese economy, Shanghai whirred back to life Wednesday as a range of Covid-19 restrictions were eased and thousands took to the streets. Since late March, when the Omicron virus variant fueled China’s worst outbreak in two years, the commercial hub of 25 … Read more
Hong Kong shares slipped on Thursday as a warning approximately the energy of the Chinese economy via Premier Li Keqiang overshadowed mins indicating a much less hawkish Federal Reserve. The Hang Seng Index eased 0.27 percent, or 55.07 points, to 20,116.20. The Shanghai Composite Index gained 0.50 percent, or 15.64 points, to 3,123.11, while the Shenzhen Composite … Read more
BEIJING: Chinese exports in January and February rose a combined 16.3 per cent on surging global demand and a spike in trade with Russia in the run-up to the war in Ukraine, according to the customs data released on Monday. The growth rate exceeded economists’ expectations of a 15.7 per cent gain from a year … Read more
BEIJING: Overseas holdings of bonds traded in China’s interbank market reached a new high at the end of December, as global investors were lured by relatively high yields and stability, certainty and growth of the world’s second-largest economy in the pandemic era. Outstanding overseas institutional holdings of interbank bonds rose to a total of 4 … Read more
SHANGHAI: The chairman of China’s biggest insurer is under investigation by the Communist Party’s anti-corruption commission, the agency said on Saturday, as the government pushes a campaign against graft and a clean-up of the country’s chaotic financial industry. Wang Bin is being investigated for suspected “serious violations of discipline and law”, the Central Commission for Discipline … Read more
BEIJING: The Chinese city of Chengdu has announced measures to make it easier for developers to sell properties, making it the first to loosen restrictions on the sector that has come under intense pressure following a debt crackdown by Beijing. The announcement comes after several real estate companies, led by industry giant China Evergrande, were plunged … Read more
BEIJING: China’s manufacturing activity continued to expand in July as its economic recovery sustained momentum, official data showed Saturday. The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 50.4 in July, edging down from 50.9 in June, data from the National Bureau of Statistics (NBS) showed. A reading above 50 indicates expansion, … Read more
The official data shows that the economy of China is at it’d lowest point since 1990. As the domestic demand weakens and trade tensions arose with the United States. According to the National Bureau of Statistics, economy of China grew by 6.1 percent last year, and this is considered to be the worst condition of … Read more
