China Economic Data

China's economy grew far more than expected in the first quarter of 2024, data showed Tuesday, even as it is buffeted by a property-sector crisis and flagging consumer activity.

China's economy likely grew at its weakest annual rate for more than three decades in 2023, data is expected to show Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global uncertainties.

Amid the economic crisis, Chinese exports saw a downfall for the first time since 2016 after global demand for Chinese-made goods slowed in 2023, CNN reported citing the Customs data released on Friday.

The International Monetary Fund on Tuesday revised India's 2023 growth forecast upwards to 6.3 per cent - in line with its unchanged outlook for 2024 - to reflect "stronger-than-expected consumption" in the April-June quarter.

China slipped into deflation for the first time in more than two years in July, official data showed Wednesday, as slowing domestic spending weighs on the post-Covid economic recovery.

Chinese exports tumbled more than expected in June, official data showed today, putting fresh pressure on Beijing to unveil more stimulus measures to kickstart the flagging recovery.

China's economy grew 3.0 percent in 2022, official data released Tuesday showed, one of the weakest rates in 40 years owing to the Covid-19 pandemic and a real estate crisis.

Chinas long-delayed data showed a mixed recovery in Q3, with unemployment rising and retail sales weakening despite a pickup in growth.

China said Monday it will delay the release of economic growth figures, as the country's leadership gathers for a major meeting set to hand President Xi Jinping a historic third term in office.

Stock Market India: Sensex and the Nifty indexes ended Tuesday on a positive note, extending weekly gains into the fifth straight week even as world stocks remained shaky on global recession fears after weak economic data from China and the United States.

Stock Market India: Equity benchmarks opened higher even as Asian shares struggled for direction early on Tuesday, weighed by worries over global growth following weak China data that knocked oil prices and commodity-linked currencies.

Oil prices fell on Tuesday, extending losses from the previous session, after economic data from China, the world's largest crude importer, spurred fresh concerns about a potential global recession that could hit energy demand.

Global shares struggled to advance on Monday while investors digested news of an unexpected cut in Chinese interest rates as data pointed to faltering growth in the world's second largest economy, sending oil prices nearly 2 per cent lower.

Car sales in the world's largest auto market have slowed dramatically, gamers are buying fewer consoles, and people are unwilling to replace their existing smartphones, laptops and TVs, as prolonged COVID curbs crimp spending power and put more people out of jobs.

China's retail sales slumped to its lowest in over two years while factory output plunged, official data showed Monday, capturing the dismal economic fallout from Beijing's zero-covid policy.

China's economy grew far more than expected in the first quarter of 2024, data showed Tuesday, even as it is buffeted by a property-sector crisis and flagging consumer activity.

China's economy likely grew at its weakest annual rate for more than three decades in 2023, data is expected to show Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global uncertainties.

Amid the economic crisis, Chinese exports saw a downfall for the first time since 2016 after global demand for Chinese-made goods slowed in 2023, CNN reported citing the Customs data released on Friday.

The International Monetary Fund on Tuesday revised India's 2023 growth forecast upwards to 6.3 per cent - in line with its unchanged outlook for 2024 - to reflect "stronger-than-expected consumption" in the April-June quarter.

China slipped into deflation for the first time in more than two years in July, official data showed Wednesday, as slowing domestic spending weighs on the post-Covid economic recovery.

Chinese exports tumbled more than expected in June, official data showed today, putting fresh pressure on Beijing to unveil more stimulus measures to kickstart the flagging recovery.

China's economy grew 3.0 percent in 2022, official data released Tuesday showed, one of the weakest rates in 40 years owing to the Covid-19 pandemic and a real estate crisis.

Chinas long-delayed data showed a mixed recovery in Q3, with unemployment rising and retail sales weakening despite a pickup in growth.

China said Monday it will delay the release of economic growth figures, as the country's leadership gathers for a major meeting set to hand President Xi Jinping a historic third term in office.

Stock Market India: Sensex and the Nifty indexes ended Tuesday on a positive note, extending weekly gains into the fifth straight week even as world stocks remained shaky on global recession fears after weak economic data from China and the United States.

Stock Market India: Equity benchmarks opened higher even as Asian shares struggled for direction early on Tuesday, weighed by worries over global growth following weak China data that knocked oil prices and commodity-linked currencies.

Oil prices fell on Tuesday, extending losses from the previous session, after economic data from China, the world's largest crude importer, spurred fresh concerns about a potential global recession that could hit energy demand.

Global shares struggled to advance on Monday while investors digested news of an unexpected cut in Chinese interest rates as data pointed to faltering growth in the world's second largest economy, sending oil prices nearly 2 per cent lower.

Car sales in the world's largest auto market have slowed dramatically, gamers are buying fewer consoles, and people are unwilling to replace their existing smartphones, laptops and TVs, as prolonged COVID curbs crimp spending power and put more people out of jobs.

China's retail sales slumped to its lowest in over two years while factory output plunged, official data showed Monday, capturing the dismal economic fallout from Beijing's zero-covid policy.