Chinese economy News

The world's second-largest economy shrank by 2.6%, compared with the January-March period's already weak quarter-on-quarter rate of 1.4%, official data showed Friday. Compared with a year earlier, which can hide recent fluctuations, growth slid to a weak 0.4% from the earlier quarter's 4.8%.

China reported 338 new COVID-19 infections on July 12 Of these, 98 were symptomatic and 240 were asymptomatic As of Tuesday, mainland China had confirmed 226,909 cases with symptoms

China has also formally threatened Australian wine with higher tariffs and shipments of Australian lobsters have also been experiencing delays. 

Take all the necessary precautionary steps and be vigilant about any risks that could jeopardise China's stability and reforms, Xi Jinping told officials.

Indian economy's roller-coaster ride during the year gone by was best captured by the GDP growth.

Chinese Premier Li Keqiang did not directly refer to China`s bruising trade war with the United States.

Not having enough youth is already a demographic time bomb for China socially, politically and economically. And, suicides are making the problem worse.

The Arctic Policy outlined the rationale that China is likely use to ensure access to the resources of the region.

In comparison with China, which is slowing, the World Bank is expecting India to gradually accelerate.

European companies suffer from "promise fatigue" over China's failure to follow through on pledges to open its market, the EU Chamber of Commerce in China said today.

Here is a comparison between Indian and Chinese economy

The International Monetary Fund (IMF) could be based in Beijing in ten years if the Chinese economy continues its growth momentum, IMF Managing Director Christine Lagarde has said.

India should focus more on its economy rather than building its aircraft carriers to check China`s increasing presence in the Indian Ocean, an influential daily said on Monday.

The IMF has raised concerns over China's credit boom which has more than doubled in less than a decade, saying this can be "dangerous" for the world's second largest economy.

Chinese household debt has risen at an "alarming" pace as property values have soared, analysts say, raising the risk that a real estate downturn could send shockwaves through the world`s second largest economy.

The transition of China's economy would become an important driver of global economic growth, the Global Times quoted Chi Fulin, director of the China Institute for Reform and Development, as saying.

China's economy, currently on a slowdown mode, is facing challenges in investment and trade and may have to make "arduous efforts" to attain 6.5 percent to seven percent growth target for this year, China's top economic planner warned today ahead of the G20 summit.

China`s near-term growth outlook has improved due to recent policy support but the country needs to rein in fast credit growth to ensure economic transition on a sustainable footing, the International Monetary Fund (IMF) has said.

China`s second-quarter GDP growth remained steady at 6.7 percent, the government said Friday, slightly ahead of forecasts and suggesting stability in the world`s second-largest economy.

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.