China’s industrial profits fell at a slower clip in November, official data showed on Friday, but the annual decline in earnings this year is expected to be the worst in over two decades due to…
Tagged By finance
China’s external financial assets top $10 t
BEIJING – China’s external financial assets stood at $10.21 trillion at the end of September, official data showed on Friday. The figure, surpassing the $10-trillionmark for the first time, …
World Bank Ups China’s Growth Forecast to 4.9% Amid Economic Challenges
The World Bank has raised its forecast for China’s GDP growth this year to 4.9%. According to Chinese media, including the Beijing Daily, the World Bank raised its forecast for China’s economic …
Bad news for China as the World Bank predicts GDP for 2025 to fall due to..
In the report, it is cited that the world’s second-biggest economy will face a slowdown in the coming year due to weak domestic demand and problems in the property sector. Moreover, the country’s …
China’s Local-Finance Cleanup Opens New Chapter With State Firms
China’s latest measures to deal with the financial risks of local officials have centered on a massive debt-swap plan, but a companion step is now drawing attention as a possible new tool.
China Leans On Banks To Revive Property Market
Banks are paying a pretty price for their efforts. Policymakers are leaning on banks of all stripes—from city commercial banks to state-owned giants such as ICBC and China Everbright Bank—to stimulate …
World Bank Raises China’s GDP Growth Forecasts
The World Bank raised its forecast for China’s economic growth for 2024 and 2025, saying a raft of policy easing and strong exports had helped mitigate some of the effects of a property downturn …
World Bank sees better growth for China in 2024, 2025
The World Bank has recently updated its economic forecasts for China, raising the projected GDP growth for 2024 and 2025. The World Bank now expects China’s GDP to grow by 4.9% in 2024, up from its …
China’s Finance, Property Firm Workforces Shrink for First Time
China’s finance and property companies saw their workforces shrink in recent years years for the first time, reflecting the damage caused by a housing market collapse and regulatory probes.
China revises up 2023 GDP to $17.73 trln, rules out impact on 2024 figure
China revised upwards its 2023 gross domestic product (GDP) by 2.7% to 129.4 trillion yuan ($17.73 trillion), a top statistics official said on Thursday, while releasing the fifth national economic …
China to ramp up fiscal spending in 2025
Beijing: China s Finance Ministry vowed to step up fiscal spending and government bond issuance in 2025, providing stronger support to bolster …
China keeps interest rates steady, drains record cash in policy adjustment
The authorities also withdrew a net 1.15 trillion yuan ($158 billion) from the financial system with the tool, the most since 2014 …
World Bank revises up China’s growth projection
The World Bank has revised up China’s real GDP growth for this year and next to 4.9 percent and 4.5 percent, respectively, while underlining the necessity of ramping up structural reforms alongside …
