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China’s economic recovery

China’s oil demand dips, ticks down as economic ebb eases fuel imports

by Walter Watson
China’s oil demand dips, ticks down as economic ebb eases fuel imports

It also cut crude oil imports from Saudi Arabia, its second-biggest supplier, by 6.5 per cent over the two months. For July’s overall crude imports, China reported a 3 per …

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Chinese premier rebuffs ‘bloc confrontation’, talks up open markets in ‘Summer Davos’ address

by Walter Watson
Chinese premier rebuffs ‘bloc confrontation’, talks up open markets in ‘Summer Davos’ address

In a condemnation of what he described as confrontational trade practices, Li made direct reference to a phrase used by the US government to describe its own strategy towards China. …

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China’s firms risk stunting growth with ‘vicious competition’, senior official says

by Anas Siddiqui
China’s firms risk stunting growth with ‘vicious competition’, senior official says

As a fierce debate rages among China’s biggest electric vehicle (EV) manufacturers over an ongoing price war, a senior official has invoked “involution” – a term popularised by pessimistic online …

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China outlook ‘strongly negative’ for German engineers, with poor demand and overcapacity named as culprits

by Walter Watson
China outlook ‘strongly negative’ for German engineers, with poor demand and overcapacity named as culprits

The German trade group’s findings follow dire statements from European and American chambers of commerce in China this year on the second-largest economy’s investment climate. Lack of orders remains the …

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China’s local governments swap debt for data as pressure builds to relieve burdens

by Anas Siddiqui
China’s local governments swap debt for data as pressure builds to relieve burdens

Last year, China approved an updated set of accounting rules that allows companies to include data resources as either “intangible assets” or “inventories” in their financial statements. 08:36 A vanishing …

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China has yet to join the ‘rich country’ club. Has the middle-income trap been sprung?

by Walter Watson
China has yet to join the ‘rich country’ club. Has the middle-income trap been sprung?

In comparison, in 2021, it was just US$100 away by the World Bank’s criterion – a per-capita GNI of US$12,551 compared to the US$12,695 requirement that year. China stands at …

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China’s exporters shun the yuan, embrace alternatives as depreciation fears build

by Anas Siddiqui
China’s exporters shun the yuan, embrace alternatives as depreciation fears build

“Perhaps, on the one hand, it is because the economy and exports are not that good, and everyone is earning fewer dollars. On the other hand, companies like us that …

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China’s factory activity hits one-year high, adding to signs economic recovery is picking up pace

by Ron Morgan
China’s factory activity hits one-year high, adding to signs economic recovery is picking up pace

The latest reading was the highest since March of last year when the gauge stood at 51.9. “In March, as companies stepped up resuming production after the Lunar New Year, …

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China’s central bank head dissuades real estate woes as Vanke teeters towards default

by Anas Siddiqui
China’s central bank head dissuades real estate woes as Vanke teeters towards default

The governor of China’s central bank talked up the country’s property market and the resilience of its financial system on Monday, as the debt pressures weighing on a leading developer …

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China’s nationalists put water firm Nongfu Spring under fire, dousing private sector’s flickering confidence

by Ron Morgan
China’s nationalists put water firm Nongfu Spring under fire, dousing private sector’s flickering confidence

China’s drinks giant Nongfu Spring, the country’s largest bottled water producer, has become the latest target in a series of attack campaigns from an increasingly vocal constituency of nationalists online, …

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