China’s economy matched the government’s ambitions for 5% growth last year, but in a lopsided fashion, with many people complaining of worsening living standards as Beijing struggles to transfer its industrial and export gains to…
Tagged By beijing
China’s steep barriers for IPOs come with serious economic costs
Within days of its $4.4 billion IPO on the New York Stock Exchange last June, the Chinese ride-hailing giant Didi Global got sideswiped. Regulators in Beijing forced the firm to remove its apps from …
China Vanke CEO’s reported detention intensifies property sector woe
Concern over China’s embattled property sector has deepened after state media reported the detention of China Vanke’s chief executive and said authorities are overseeing operations, sending the …
China economy expands 5.4% y/y in Q4, beating market forecast
China’s economy ended 2024 on better footing than expected helped by a flurry of stimulus measures, although the threat of a new trade war with the United States and weak domestic demand could hurt confidence…
China says its vice president Han Zheng will be attending Trump’s inauguration
Han’s attendance marks a first for the two countries. Foreign heads of state usually do not attend US presidential inaugurations.
China reports 5% GDP growth for 2024, meeting its official target
China’s economy grew 5% in 2024, meeting its growth target of around 5%.
China’s population falls for a third straight year, posing challenges for its government and economy
China’s population fell last year for the third straight year, its government said Friday, pointing to further demographic challenges for the world’s second most populous nation, which is now facing …
China’s new home prices stabilise with stimulus push
China’s new homes prices stopped falling in December for the first time in 18 months, official data showed on Friday, after the government rolled out multiple rounds of stimulus to lift the property …
China’s property investment drops 10.6% in 2024, sales slump 12.9%
Property investment in China fell 10.6% in 2024, after tumbling 10.4% year-on-year in the first eleven months, National Bureau of Statistics data showed on Friday.
China’s 2024 crude steel output slips to five-year low on feeble property demand
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 …
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.
