china-economy | ABS-CBN News

China sets modest 2023 GDP goal of some 5% after COVID

Maya Kaneko, Kyodo News
Posted at Mar 05 11:51 PM

China set a modest gross domestic product growth target for 2023 at around 5 percent after missing its goal last year due to the economic fallout from its now-ended 'zero-COVID' policy. Read more »

IMF lifts 2023 growth forecast with boost from China reopening

Beiyi Seow, Agence France-Presse
Posted at Jan 31 11:24 AM

Global growth is set to be higher than expected this year, the IMF said Monday. Read more »

China economy grows 3 pct in 2022: official data

Agence France-Presse
Posted at Jan 17 10:42 AM

China's economy grew 3.0 percent in 2022, official data released on Tuesday showed, one of the weakest rates in 40 years. Read more »

China's 2022 growth seen as its lowest in 40 years

Sébastien Ricci with Luna Lina, gence France-Presse
Posted at Jan 16 09:09 AM

China's economic growth for 2022 is expected to have been among its weakest in 4 decades, analysts said. Read more »

China imports, exports plunge in December: customs

Sébastien Ricci, Agence France-Presse
Posted at Jan 13 01:16 PM

China's exports in December fell at their fastest pace since 2020, according to official data Friday, owing to a drop in global demand and after health restrictions hit economic activity at home. Read more »

China sees modest inflation in December

Agence France-Presse
Posted at Jan 12 01:51 PM

China's consumer inflation rose modestly in December, official figures released Thursday showed, though it remained below two percent in a sign the economy is still struggling with the effects of years of zero-Covid. Read more »

Hong Kongers await border reopening with mixed feelings

Su Xinqi and Lily Luo, Agence France-Presse
Posted at Jan 06 11:53 AM

Authorities announced that widespread travel between Hong Kong and mainland China would resume from Sunday. Read more »

World Bank slashes China growth forecasts

Agence France-Presse
Posted at Dec 20 01:33 PM

The World Bank on Tuesday slashed its China growth forecast for the year as the pandemic and weaknesses in the property sector hit the world's second largest economy. Read more »

Growth downgrade for China 'very likely' on COVID surge: IMF chief

Beiyi Seow, Agence France-Presse
Posted at Dec 15 03:31 AM

The IMF earlier warned that tough virus restrictions have been especially hard on China's residents. Read more »

China economic slowdown to drag on Asia growth: IMF

Agence France-Presse
Posted at Oct 28 09:23 AM

China's "sharp and uncharacteristic" economic slowdown is expected to drag on growth across Asia through the end of next year, the International Monetary Fund (IMF) warned Friday, darkening an already gloomy global outlook. Read more »

China GDP grows 3.9 pct year-on-year in 3rd quarter

Agence France-Presse
Posted at Oct 24 11:32 AM

China's economy grew 3.9 percent year-on-year in the third quarter, according to official data released Monday, beating forecasts. Read more »

China central bank cuts lending rates to boost economy

Agence France-Presse
Posted at Aug 22 01:56 PM

China's central bank cut benchmark loan rates in an attempt to boost an economy battered by the zero-COVID policy and a slump in the property market. Read more »

Oil prices tumble again as China economy stutters

Agence France-Presse
Posted at Aug 17 09:33 AM

Oil prices slumped nearly five percent Monday on data showing China's economic recovery stuttering under Covid-19 restrictions and a slumping property sector. Read more »

China growth slumps to 0.4 percent in second quarter

Beiyi Seow, Agence France-Presse
Posted at Jul 15 11:27 AM

China's economy grew just 0.4 percent in the second quarter, a two-year low, official data showed Friday, with Covid lockdowns and an embattled property market nudging a government target further out of reach. Read more »

Developers let Chinese farmers pay for homes with watermelons

Agence France-Presse
Posted at Jul 04 08:02 AM

Struggling developers in China have started taking payment for homes in watermelons, peaches and other agricultural produce, state media reported Sunday. Read more »

Hong Kong faces uncertain future 25 years after handover

Holmes Chan, Agence France-Presse
Posted at Jul 01 05:27 PM

Hong Kong's GDP has gone from being equivalent to 18 percent of mainland China's in 1997 to less than three percent in 2020. Read more »

China factory inflation eases to lowest in a year

Agence France-Presse
Posted at Jun 10 11:34 AM

China's factory-gate inflation dropped to its lowest in a year in May, official data showed Friday Read more »

China exports rebound in May as virus controls ease

Agence France-Presse
Posted at Jun 09 01:58 PM

China's exports rebounded strongly in May, data showed Thursday, with factories restarting and supply chains untangling as Shanghai slowly emerged from lockdown. Read more »

Beijing sets up $120-B credit line to drive infrastructure

Agence France-Presse
Posted at Jun 02 01:48 PM

China has launched a $120 billion credit line for infrastructure projects, state media reported, as Beijing tries to jump-start its ailing economy. Read more »

China factory activity shrinks at slower pace in May

Agence France-Presse
Posted at May 31 03:05 PM

The contraction gripping China's manufacturing sector slowed in May, data showed Tuesday, as some factories gradually resumed work after officials eased some Covid lockdown measures. Read more »