China’s crude steel output in 2024 fell 1.7% from the prior year to a five-year low, official data showed on Friday, hit by a long-running property market crisis that has depressed demand. The world’s …
PROPERTY
China Property Investment Stays in Decline, Home Prices Show Slight Improvement — Update
The longer-than-expected property slump prompted Chinese leaders to take more aggressive measures to boost demand in the final quarter of 2024, including mortgage rate cuts, relaxed home purchase …
China’s property sales record positive growth in December
In December, the month-on-month sales prices of commercial residential properties in China’s first-tier cities rose, while the overall decline in second and third-tier cities narrowed, data collected …
China Meets 2024 Growth Target Of ‘Around 5%’ After Stimulus Measures
China’s economy expanded 5% in 2024, meeting the official target of “around 5%” growth after stimulus measures introduced late last year appear to be working.
China’s 2024 growth meets official 5% target on stimulus bump
The biggest bright spot in the economy last year was exports, which was very strong especially if price factor was excluded,” Jacqueline Rong, chief China economist at BNP Paribas SA.
China’s economy grows more than expected. But fears of Trump tariffs loom
Hong Kong (CNN) — China’s economy grew more than expected in the last three months of 2024, official data showed on Friday, as it awaits the likely imposition of fresh tariffs by US President-elect …
China’s economy expands 5% in 2024, hitting target as strong exports, stimulus measures help
Exports accelerated as companies and consumers rushed to beat potential tariff hikes incoming President-elect Donald Trump may impose on Chinese goods. “The national economy was geerally stable with …
China property giant Vanke’s CEO ‘taken away’ by police: report
The head of one of China’s biggest property firms has been “taken away” by police, state-backed media reported Thursday, as a prolonged housing slump continues to hit the world’s second-largest …
China Vanke’s CEO detained by authorities, state media reports
HONG KONG – China Vanke CEO Zhu Jiusheng was detained by public security authorities on Wednesday and a Shenzhen government task force has stepped in to oversee the property developer’s operation, …
Rio Tinto says China property market shows signs of ‘stabilising’
The mining giant believes demand for iron ore has peaked but remains healthy, and expects demand for the steel-making material will hold steady in 2025.
The China commodities super-cycle is over. Will there be another boom?
China’s massive industrialisation and urbanisation drove a huge commodities boom that has run its course, but some executives are hopeful it will be replaced.
China Is Facing Longest Deflation Streak Since Mao Era in 1960s
China has failed to break a deflationary cycle and is now on track for the longest streak of economy-wide price declines since the 1960s, analysts say, exposing a key vulnerability likely masked by a …
China’s Guangdong sets growth target of around 5% for 2025 despite steady slowdown
China’s manufacturing powerhouse Guangdong has set a growth target of around 5% for 2025, following the lead of other provincial governments in recent days. Guangdong saw economic growth slow steadily …
