Chinese Economy Slowdown

Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds.

Chinese smartphone maker Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Early signs suggest China's economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and...

Bearish bets on Asian currencies reduced on signs that China's economic pain may abate with easing of COVID-19 curbs

While the OECD pared back its global growth forecast for the current year, it predicted a pick-up in activity to 3.4 per cent next year. It notched up its forecast for US growth this year by 0.2 percentage point to 2.8 per cent, but predicted a slowdown to 2.3 per cent next year. Chinese growth was projected to slow to 6.2 per cent this year and 6....

World Bank on GDP Growth: In 2017, China with 6.9 per cent growth was marginally ahead of India's 6.7 per cent, mainly because the slowdown in the Indian economy due to demonetisation and implementation of the Goods and Services Tax (GST), the report said.

E-commerce giant Alibaba's founder Jack Ma has warned of a "big trade war" between China and the US under the new Trump Presidency if conflicts were not dealt properly. He said China's economic outlook will be "tougher than expected" due to continued slowdown of Chinese economy and warned.

China's finance minister and leading economists on Sunday voiced concerns about Britain's vote to leave the European Union, with the policymaker saying it has heightened market uncertainty, though some expect a limited impact on the Chinese economy.

Dr Rajan said sharp slowdown of the Chinese economy remains a significant risk for global economy and the SAARC region.

Reserve Bank of India (RBI) Governor Raghuram Rajan has warned that a "sharp" slowdown in China's growth posed a threat to the global economy, highlighting possible impact from the shadow banking system of its neighbour, the Reserve Bank of India said.

Only a month ago, Chinese commodity prices were skyrocketing, led by a stampede of speculative investors betting on early signs of recovery in the world's second biggest economy.

China's economy is likely to grow 6.7 per cent in the second quarter, fuelled by rising investment in infrastructure and a recovery in the property market, state news agency Xinhua said on Monday, citing an official think-tank.

Despite the slowdown in Chinese economy, manufacturers said they are still seeing activity and hope for a pick-up in the years to come.

China is aiming to expand its economy by 6.5 per cent to 7 per cent in 2016 and keep consumer inflation around 3 per cent, Premier Li Keqiang said in remarks prepared for delivery at the opening of the annual meeting of parliament on Saturday.

China's January trade performance was worse than expected as tepid demand persisted both at home and abroad, raising expectations of further government measures to arrest the slowdown and to quell market jitters.

China's economy grew at its weakest pace in a quarter of a century last year, raising hopes Beijing would cushion the slowdown with more stimulus policies, which in turn prompted a rally on the country's rollercoaster share markets.

Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds.

Chinese smartphone maker Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Early signs suggest China's economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and...

Bearish bets on Asian currencies reduced on signs that China's economic pain may abate with easing of COVID-19 curbs

While the OECD pared back its global growth forecast for the current year, it predicted a pick-up in activity to 3.4 per cent next year. It notched up its forecast for US growth this year by 0.2 percentage point to 2.8 per cent, but predicted a slowdown to 2.3 per cent next year. Chinese growth was projected to slow to 6.2 per cent this year and 6....

World Bank on GDP Growth: In 2017, China with 6.9 per cent growth was marginally ahead of India's 6.7 per cent, mainly because the slowdown in the Indian economy due to demonetisation and implementation of the Goods and Services Tax (GST), the report said.

E-commerce giant Alibaba's founder Jack Ma has warned of a "big trade war" between China and the US under the new Trump Presidency if conflicts were not dealt properly. He said China's economic outlook will be "tougher than expected" due to continued slowdown of Chinese economy and warned.

China's finance minister and leading economists on Sunday voiced concerns about Britain's vote to leave the European Union, with the policymaker saying it has heightened market uncertainty, though some expect a limited impact on the Chinese economy.

Dr Rajan said sharp slowdown of the Chinese economy remains a significant risk for global economy and the SAARC region.

Reserve Bank of India (RBI) Governor Raghuram Rajan has warned that a "sharp" slowdown in China's growth posed a threat to the global economy, highlighting possible impact from the shadow banking system of its neighbour, the Reserve Bank of India said.

Only a month ago, Chinese commodity prices were skyrocketing, led by a stampede of speculative investors betting on early signs of recovery in the world's second biggest economy.

China's economy is likely to grow 6.7 per cent in the second quarter, fuelled by rising investment in infrastructure and a recovery in the property market, state news agency Xinhua said on Monday, citing an official think-tank.

Despite the slowdown in Chinese economy, manufacturers said they are still seeing activity and hope for a pick-up in the years to come.

China is aiming to expand its economy by 6.5 per cent to 7 per cent in 2016 and keep consumer inflation around 3 per cent, Premier Li Keqiang said in remarks prepared for delivery at the opening of the annual meeting of parliament on Saturday.

China's January trade performance was worse than expected as tepid demand persisted both at home and abroad, raising expectations of further government measures to arrest the slowdown and to quell market jitters.

China's economy grew at its weakest pace in a quarter of a century last year, raising hopes Beijing would cushion the slowdown with more stimulus policies, which in turn prompted a rally on the country's rollercoaster share markets.