China’s official manufacturing purchasing managers’ index (PMI) rose to 50.1 in January, while the non-manufacturing gauge rebounded to 54.4 But profits at China’s industrial firms fell by 4 per cent …
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China’s central bank continues to add liquidity via reverse repos
China’s central bank continued to inject funds into the financial system through open market operations on Tuesday. The People’s Bank of China said on its website that it has conducted 471 billion …
Beijing seeks stronger ties with Saudi Arabia
Foreign Minister Qin Gang wants to build stronger ties with Saudi Arabia and set up a China-Gulf free trade zone “as soon as possible”, according to a …
China’s general public budget revenue tops 20t yuan in 2022
China’s general public budget revenue increased 0.6 percent year-on-year to around 20.37 trillion yuan ($3.01 trillion) in 2022, official data showed Monday. Excluding the impact of value-added tax …
Can Chinese stocks rally further? One investment bank thinks so — and names its top stock picks
The recovery in Chinese stocks gained steam on Monday, as China’s benchmark index came within striking distance of a bull market. The CSI 300 Index, which tracks the largest mainland-listed stocks, …
Global Economy to Slow Further Amid Signs of Resilience and China Re-opening
Elsewhere, China’s sudden re-opening paves the way for a rapid rebound in activity. And global financial conditions have improved as inflation pressures started to abate. This, and a weakening of the …
Who will take on China’s biggest economic challenges? A guide to the power players
As China reopens, it faces a rocky road to a sustainable recovery, with economic officials confronting the daunting tasks of reviving market confidence, propping up the real estate sector and …
China’s debt-based interest payments top a trillion yuan for first time, raising concerns about financial risks
Total interest paid on bonds at local levels in China last year increased by nearly 21 per cent from 2021 as Beijing ramped up efforts to stabilise the nation’s economy Analysts expect local …
Beijing’s leaders put Haidian district in spotlight
Beijing’s top officials highlighted the city’s Haidian district in economic and scientific development during inspection tours conducted after the Chinese New Year holiday. Yin Li, Party chief of …
We expect positive commentary from Starbucks on China, says UBS analyst Dennis Geiger
UBS analyst Dennis Geiger joins ‘Squawk Box’ to discuss how analysts believe China will impact business, how Geiger feels about Starbucks’ stock, and more.
Dollar seesaws ahead of busy central bank week
FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo …
China’s 2022 fiscal revenue growth skids as COVID jolts economy
China’s fiscal revenue rose 0.6 per cent in 2022 from a year earlier, slowing sharply from a 10.7 per cent increase in 2021 due to huge tax rebates for businesses to support the COVID-ravaged economy,…
China 2022 fiscal revenue +9.1% y/y, excluding tax credit rebates
China’s fiscal revenue rose 9.1% in 2022 from a year earlier, after excluding the impact of value-added-tax credit rebates, the finance ministry said on Monday. Fiscal expenditure rose 6.1% in the …