As China attempts to boost domestic consumption, financial hub Shanghai has reported a notable decline in retail sales for June, showing some weaknesses have persisted.
The 2024 Summer Games may be French, but much of the equipment and related accoutrements were made in China, owing to a lack of ‘comparable competitors’ in global manufacturing.
Foxconn will splash out on EV projects and set up robotics industrial bases in mainland China amid geopolitical risks and supply-chain disruptions.
China cuts one-year medium-term lending facility and allocates 300 billion yuan (US$41.3 billion) in ultra-long-term treasury bonds on Thursday.
Measures being rolled out by local authorities across China could offer a glimpse at national policies expected at the midyear Politburo meeting.
Compared with China’s just concluded third plenum, a Politburo meeting in the coming days is expected to more directly impact market expectations.
With fewer options amid geopolitical strife and supply-chain disruptions, capitalising on China’s massive market requires a more inward-facing plan for foreign firms.
Buying Chinese products online has become increasingly popular, and shopping platforms such as Temu and Shein are riding the e-commerce wave.
Growth of outstanding debt within China’s non-financial sectors fell to the lowest level in more than two decades in the second quarter.
Brussels’ new tariffs on China’s EVs are grinding gears in its auto industry, and SAIC Motor is pushing back.
Looking to give China’s economy a jolt, Beijing’s third plenum featured long-awaited plans that could make rural resources more valuable and address the rural-urban income gap.
People’s Bank of China lowered the seven-day reverse repo rate, as well as both the one-year and five-year loan prime rates, just days after the conclusion of the third plenum.
The Federal Reserve is likely to cut interest rates three times this year as inflation heads downward and the labour market cools, according to Richard Clarida, who was vice-chair of the US central bank from 2018 to 2022.
China’s pet economy is expected to reach 811.4 billion yuan (US$112 billion) by 2025, remaining prosperous despite ongoing economic headwinds.
Beijing is set to issue 20,000 new energy passenger cars with number plates to be used by families from Sunday.
An ongoing trend of consumer spending cutbacks in China has intensified amid an economic downturn, drawing comparison with Japan’s ‘lost decade’.
China has called for a ‘unified national market’ to aid in the flow of goods and resources, arguing consistent rules across regions will help break down barriers to consumption and fuel economic growth.
More than 300 reform directives, including the need for a fiscal and tax overhaul, will be officially outlined following Beijing’s third plenum.
Western chambers of commerce in China, hoping for sweeping pro-market reforms from the third plenum, will have to keep waiting after an initial summary suggests little in the way of sea changes.
After assigning a ‘decisive role’ to the market in previous meetings, this year’s third plenum communique has removed that wording, leading observers to wonder how the change will play out in policy.
With arms, legs and facial expressions, robots are being built for roles where manpower is in short supply – like looking after grandparents – as China’s population rapidly ages and shrinks.