economy

China’s markets have continued a multi-year slide in recent days, prompting China’s securities regulator to introduce new measures and even change its senior leadership. On Monday, 5 February, China’s blue-chip CSI 300 Index fell by close to 5%, hitting its lowest level since 2019. Confidence in the market has waned amid an economic turndown, driven by issues such as a debt-ridden property industry. The latest fall came on a day …

So just what is the current state of the Chinese economy? Kenrick Davis, CBBC’s London based Senior China Policy Analyst, takes a more detailed look at the numbers shaping the country in 2023, and asks just how bad the situation is… The takes on China’s economy from media and analysts in 2023 comes across like a Dickens reading list: there have been Great Expectations, ample descriptions of Hard Times, and …

In recent weeks, a string of business developments in China have stoked fears that contagion could lead to a chain of defaults and perhaps even stoke a marked growth slowdown in China with global repercussions On Thursday, 10 August, Country Garden, one of the few major developers in China to avoid bankruptcy in recent years, issued a profit warning. The next day, its shares fell to record lows, affecting the …

The Chinese government has released new guidelines for the free movement of people, vehicles and data in China designed to speed up the country’s economic recovery Although China’s post-Covid economic recovery has been remarkable, recent figures have fallen short of expectations. The country’s economy is experiencing deflation for the first time since early 2021. The consumer price index fell 0.3% year-on-year in July, while the producer price index dropped 4.4%. …

According to government figures released this week, China’s economy expanded 6.3% year-on-year in Q2, falling short of the consensus forecast of 7.3%, writes Tom Simpson While growth of 6.3% may appear strong, Q2 of 2022 saw China’s economy expand by 0.4% as the country experienced severe disruption from its zero Covid policy – so Q2 of 2023 was always expected to be a higher-than-average number. Seasonally adjusted quarter-on-quarter growth saw …

Two of China’s growth drivers – exports and domestic demand – appear to be underperforming, putting pressure on policymakers to ensure that China’s post-Covid economic recovery goes to plan Several recent Reuters analyses, including from CBBC’s former policy analyst Joe Cash, suggest that China’s economy has lost some momentum at the start of the second quarter of 2023. Economic figures for April, while often reaching double figures, fell below the …

After one of the worst economic performances on record in 2022 with 3% GDP growth, it’s now all hands on deck in a bid to revive the world’s second-largest economy. Qing Na from Dao Insights explores what kind of economic policies the Chinese government is putting in place post-pandemic This ambition was reiterated by Guo Tingting, Vice Minister of Commerce, at the first press conference of the new year hosted …

In an op-ed originally published in Caixin, Tom Simpson writes that as foreign businesses operating in China conclude their damage assessment of the annus horribilis that was 2022 and reset expectations following the sudden scrapping of zero covid, the mood is shifting toward cautious optimism There is widespread relief at the prospect of a more predictable operating environment and the resumption of connectivity with the rest of the world since …

China’s scrapping of zero covid and reopening to the world is widely regarded as the most important economic story playing out in 2023. And so far, it is living up to expectations, writes Tom Simpson With restrictions removed, wave one saw covid spread at an unprecedented speed and scale, with 80% of the population estimated to have been infected with the virus. China’s healthcare system was pushed to new limits …

China’s regional GDP growth figures for 2022 offer a lot to reflect on after a difficult year, but with the country open again, there is much to look forward to in 2023, writes Tom Simpson China’s economy grew by 3% in 2022 according to data from the National Bureau of Statistics, with H2 activity improving on the 2.5% growth in H1. While much higher than the figure recorded by the …