This month, China's factory production has contracted the most since August, the country’s official purchasing managers index showed.
Tag: China
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CHINA’S ECONOMY GREW 5 PERCENT LAST YEAR, BEIJING SAYS. REALLY?
After a mid-summer economic slump, Chinese officials rushed an array of stimulus measures that shouldered the GDP to the 5-percent growth target Beijing had set for 2024, the Bureau of National Statistics (NBS) reported.
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U.S. BLACKLISTS CHINA’S “OPENAI”
The U.S. government has listed Zhipu, China’s most prominent developer of large language AI models, among the Chinese companies U.S. firms are forbidden to do business with. Several of Zhipu’s affiliated companies also made the list.
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CHINESE BOND YIELD SINKS TO RECORD LOW AS ECONOMY DEFLATES
The yield on the bellwether 10-year Chinese government bond slumped to 1.6 percent as the new year began and has remained close to that level, signaling that investors have glum expectations for the country’s economic growth and a reversal in the deflation that has plagued the world’s second-largest economy, the Financial Times reported.
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SPOTLIGHT: CHINA’S ECONOMIC PLAN
Beijing will issue three trillion yuan—about $411 billion—in treasury bonds this year, with the proceeds directed to spark consumer spending, speed technological innovation, and recapitalize government-owned banks, Reuters reported.
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SPOTLIGHT: CHINA’S SHIFTING ECONOMIC POLICIES
At China’s Central Economic Work Conference last week, officials indicated Beijing will cut interest rates, raise its budget deficit, and lower banks’ reserve requirements next year to make more room for economic stimulus.
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CHINESE CAR COMPANIES ARE OPENING DEALERSHIPS ACROSS MEXICO
Chinese electric vehicle (EV) makers, including majors BYD, Chery, Geely, and SAIC, are establishing dealerships across Mexico and, according to one Mexico City BYD salesman, the cars are selling as fast as he can get them.
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GERMAN ECONOMY WILL BARELY RECOVER IN 2025, CENTRAL BANK SAYS
Germany’s crippled industrial economy is leading the country’s GDP to a 0.2-percent contraction this year, the Bundesbank says, and a recovery will not begin until after the first quarter of 2025.
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U.S. ADDS NEW SANCTIONS ON CHIP SALES TO CHINA
The Biden administration has added new bans on sales of AI components to China but applied the sanctions to fewer companies than originally had been indicated.
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SPECIAL REPORT: WILL CHINA RETALIATE AGAINST TRUMP TARIFFS?
At various times during his presidential campaign, Donald Trump said he would impose tariffs of 10, 25, 60, and 200 percent on Chinese imports into the U.S.