The Bank for International Settlements has praised China and other developing economies in managing their monetary policy, but cautioned pressure will remain high as US Fed rates remain unchanged.
China’s factory activity remained largely unchanged in June, analysts said, while the services sector eased last month.
China’s Caixin/S&P Global services purchasing managers’ index (PMI) fell to 51.2 in June from 54 in May, marking the lowest reading since October 2023, data released on Wednesday showed.
Consumer trends could also reflect challenges for foreign brands that are trying to cash in on China’s huge middle class.
Some bank customers in China have been warned about trying to withdraw the daily limit of 20,000 yuan without making an appointment to ensure that their branch has the cash on hand.
In this week’s issue of the Global Impact newsletter, we take a look ahead to China’s third plenum, which has been a landmark occasion since Deng Xiaoping’s groundbreaking reforms in 1978.
The Caixin index of China’s manufacturing activity has grown at its fastest pace in more than three years, beating private forecasts and official surveys, even as the country’s demand slowed down.
China’s factory activity remained in contraction for a second consecutive month in June, adding to problems facing the world’s No 2 economy.
After a hearing in the US Congress, concerns over the downstream effects of China’s property market slump have grown – but analysts say such a spillover is improbable with the scale of government intervention.
A stable exchange rate plays a key role in China’s position as a major importer and exporter, but the yuan has come under heavy pressure from the US dollar.
Power capacity and infrastructure are vital to China’s green transition and hi-tech ambitions, but ‘power abandonment’ is a critical setback.
Businessmen explain why it’s so difficult to do business in the China market, and a persistent lack of direct flights just scratches the surface.
Some of the ambitious economic goals set in 2013 were modified to match the geopolitical landscape and inward challenges of recent years, and the July 15-18 third plenum presents Beijing another chance to alter or stay the course.
A powerful rally in China’s government bonds that has pushed yields to a two-decade low shows no signs of easing amid persistent worries about the outlook for growth. A sluggish stock market and a long-running property downturn continue to dampen risk appetite.
High-level comments aim to shore up business and market confidence ahead of the economic-agenda-setting third plenum as foreign firms wait to see whether Beijing follows through.
With yuan capital outflows at their highest in years, transfers from Hong Kong to mainland China appear to have done much to keep the currency from depreciating at much higher rates.
Chinese Premier Li Qiang delivered a speech during the opening plenary session at the 15th Annual Meeting of the New Champions in Dalian on Tuesday.
Lottery ticket sales in China have surged, with many stores running out of stock, as young people seek a short cut to wealth amid the uneven post-pandemic economic recovery.
A fiscal gulf exists between China’s central and local governments, and it is seen as a hurdle to healthy and sustainable development ahead of the third plenum.
Conditions are ripe for China’s central bank to trade bonds in the secondary markets, but it will be a gradual process, according to a former People’s Bank of China official.
Chinese and European firms at a meeting this week ‘all opposed’ European Union tariffs on China’s electric vehicles, according to a social media account linked to state broadcaster CCTV.