Chinese leaders agreed at an annual meeting on the economy this week to run a budget deficit of 3 percent of gross domestic product in 2024, three sources with knowledge of the matter said, while…
Recent Posts
China Determines Taiwan’s Ban on Mainland Goods Is Trade Barrier
China determined that Taiwan’s ban on Chinese imports constitutes a trade barrier, with the decision coming a month before the self-governing island holds a critical presidential election.
Yellen says China’s economic practices ‘unfair,’ encourages healthy competition with US
Treasury Secretary Janet Yellen encouraged China to shift from a state-driven approach in economic policy, saying that their current approach is “unfair.”
The Road to China-Free Supply Chains Is Long. Warning: Legless Lizards Ahead.
Companies trying to break the grip on rare-earth magnets—a crucial ingredient in modern technology—are encountering unusual hurdles.
China Economic Data Shows Some Renewed Signs of Weakness
China’s economy showed some renewed signs of weaknesses as key gauges for consumption and investment missed expectations, while Beijing continues to grapple with challenges including a drawn-out property market slump and waning business confidence.
China Accuses Taiwan of Unfair Trade Barriers Month Before Election
BEIJING (Reuters) – China on Friday said that after an investigation, it had determined Taiwan was erecting unfair trade barriers – an accusation the government in Taipei calls an attempt to interfere …
Asia IPO market seen brighter in 2024 but elections cast shadows
China is set to be the world’s busiest IPO market in 2023 for the second year in a row … kept foreign investors underweight on Chinese equities this year but moves by Beijing to shore…
China reports fastest industrial output growth in nearly two years
China posted its biggest industrial output expansion since February 2022 in November, though retail sales growth underwhelmed expectations, pointing to a patchy recovery in the world’s second-largest …
China’s factory, retail sectors speed up but risks persist
China’s industrial output grew 6.6% in November year-on-year, faster than the 4.6% gain in October, and retail sales rose but missed forecasts, adding to signs Beijing’s recent flurry of stimulus is …
China former bank manager sentenced to life in prison for corruption
A Chinese former bank manager has been jailed for life over one of the country’s biggest corruption cases. Xu Guojun, the head of a Bank of China branch in Southern China from 1993 to 2001,…
China’s Nov new home prices fall for fifth straight month
China’s new home prices fell for the fifth straight month in November, official data showed on Friday, as the sector still struggles to elbow its way out of a weak market in the face of…
Container shipping costs for China, Vietnam up in Nov.
Container shipping costs from South Korea to Vietnam and China rose on-month in November, data showed Friday, while those to the United States fell slightly. The average shipping cost for a 40-foot …
Yellen urges China to shift from ‘unfair’ state-driven economic policy
US Treasury Secretary Janet Yellen called Thursday for China to shift from a state-driven approach in economic policy, saying that this can discourage investors.President Joe Biden’s administration …