China’s industrial production fell by 2.9 per cent from a year earlier in April, while retail sales fell by 11.1 per cent last month, data released on Monday showed.
Monthly Archives For May 2022
Uyghur county in China has highest prison rate in the world
In oasis towns and villages by the desert in China’s far west Xinjiang region, over 10,000 Uyghurs have vanished – ripped from their families and sentenced to years, even decades in prison on vague, s…
China April Property Sales Plunge 46.6%, Fastest Since at Least 2010
BEIJING (Reuters) – China’s April property sales by value fell at their fastest pace in at least 12 years as COVID-19 lockdowns further cooled demand despite more policy easing steps aimed at …
China property shares in Hong Kong climb on latest easing of mortgage rules
Hong Kong’s Hang Seng Mainland properties Index rose nearly 4 per cent on Monday after China further eased the mortgage loan rate guidance.Chinese financial authorities on Sunday allowed a further cut …
Shanghai aims to reopen more businesses shut by COVID, Beijing battles on
The Chinese financial and manufacturing hub of Shanghai will gradually begin reopening businesses such as shopping malls and hair salons from Monday after weeks in a strict COVID-19 lockdown, the city …
China central bank keeps medium-term policy rate unchanged, market expects LPR reduction
SHANGHAI :China’s central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged for a fourth straight month on Monday, matching market expectations. The People’s …
China PBOC Cuts Mortgage Rate Lower Limit for First-Home Buyers
China’s central bank cut the lower limit on mortgage rates for first-home buyers, a move that could revive the property market and support the cooling economy.
China’s April Coal Output Leaps 11% on Year, but Demand Downturn Looms
China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensure security of the country’s energy supply, but the volume …
China logs 140 new local COVID-19 cases, 69 in Shanghai
The Chinese mainland on Sunday reported 140 locally transmitted confirmed COVID-19 cases of which 69 were in Shanghai according to the National Health Commiss …
Can Hong Kong Bar Association’s new chief walk a tightrope and mend ties with Beijing while speaking up on issues?
Taking the helm at a time when the Hong Kong Bar Association is hard-pressed to mend ties with Beijing, new chairman Victor Dawes acknowledges that it can feel like he is treading a tightrope. He…
China stats bureau expects economy to improve in May
China’s statistics bureau on Monday said it expects China’s economy to improve in May and that a recovery in consumption would quicken.
China’s Coal and Gas Power Plummets as Covid Zero Hammers Demand
China’s electricity output plummeted last month as virus restrictions in Shanghai and other parts of the country pummeled economic activity from factory floors to steel mills and shopping malls.Most …
China’s April oil refinery output plunges to 2-year low as COVID curbs bite
China processed 11% less crude oil in April than a year earlier, with daily throughput falling to the lowest since March 2020 as refiners slashed operations on weaker demand due to widespread COVID-19 …
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