China economy - updates

Rappler's latest stories on China economy

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China imports, exports down in September 2019 as growth cools

Oct 14, 2019 - 4:10 PM

China's imports dive 8.5% while exports drop 3.2% in September 2019, amid its trade war with the United States

MANUFACTURING. Workers produce desks at a factory in Nantong in China's eastern Jiangsu province on September 4, 2019. Photo by AFP

China inflation hits highest level in 15 months

Jun 12, 2019 - 4:55 PM

Rising pork and fruit prices lead to higher inflation in China for May 2019

A customer (L) buys meat at a market in Shenyang in China's northeastern Liaoning province on June 12, 2019. - Inflation in China rose to its highest level in more than a year in May driven by surges in pork and fruit prices due to the African swine fever epidemic and bad weather, official data showed on June 12. (Photo by STR / AFP) / China OUT

IMF slightly lowers China's 2019 GDP growth forecast to 6.2%

Jun 05, 2019 - 7:20 PM

The International Monetary Fund points to China's trade war with the United States, warning that 'growth will suffer'

This picture taken on May 14, 2019 shows workers making clothes for export at a factory in Quanzhou in China's eastern Fujian province. (Photo by STR / AFP) / China OUT

Apple's Tim Cook urges China to continue to open up its economy

Mar 23, 2019 - 6:28 PM

'We see that as essential not only for China to reach its full potential, but also for the global economy to thrive,' Tim Cook says

Businesses struggle as cracks appear in China's economy

Jan 27, 2019 - 9:30 PM

Private businesses face new hurdles as costs rise and financing becomes harder to come by

This photo taken on January 22, 2019 shows a sales representative waiting for customers in a luxury car showroom in Beijing. - Cracks are opening in China's mighty economy: investors are backing away from deals, factories are moving abroad and companies are shedding jobs.The world's second-largest economy is losing steam, hitting its slowest growth in almost three decades last year, and flagging further in recent months. (Photo by GREG BAKER / AFP)

China's economy grew at slowest pace in 28 years in 2018

Jan 21, 2019 - 12:12 PM

The 6.6% growth is above the official target of around 6.5%, but is down from the 6.8% chalked up in 2017, according to the National Bureau of Statistics

This photo taken on April 9, 2018 shows workers transferring soybeans at a port in Nantong in China's eastern Jiangsu province. President Xi Jinping vowed on April 10 to take new steps to open China's economy "wider and wider" amid a broiling trade confrontation with the United States. / AFP PHOTO / - / China OUT

Chinese Q3 growth hits 9-year low as debt, trade row drag

Oct 19, 2018 - 11:14 AM

(UPDATED) Analysts say the slowing growth could prompt an end to Beijing's fiscal prudence

ECONOMY. A couple wearing Qing dynasty style headwear walk with their children in Tiananmen square in Beijing in December 2012. File photo by AFP

[OPINION] China’s economic time bomb

Jun 30, 2018 - 11:00 AM

There are 3 troubling signs that China is a prime candidate to be the site of the next financial crisis

China's economic growth slows in Q3 but on course to beat target

Oct 19, 2017 - 12:20 PM

The readings come as Xi Jinping is set to secure another 5-year term as the party's general secretary at the highly choreographed week-long congress

PROGRESS. A Chinese worker looks on outside an construction site in the Central Business District of Beijing on October 17, 2017. Wang Zhao/AFP

Warning from history: Could Japan-style crash hit China?

Aug 16, 2017 - 1:32 PM

China is starting to look like Japan before its economic bubble burst in the early 90s – but China is not a mirror image of Japan 30 years ago

An investor looks at an electronic board showing stock information at a brokerage house in Shanghai on March 16, 2017. Johannes Eisele/AFP

China's Xi calls for more imports and more 'open economy'

Jul 18, 2017 - 3:58 PM

Speaking to a Communist Party committee on financial and economic affairs Xi calls for expanding imports while stabilizing exports state media report

POWERING UP. Workers check power lines during maintenance work in Laian, in China's eastern Anhui province on July 17, 2017. Stringer/AFP

China's economy posts steady growth but risks remain

Jul 17, 2017 - 10:44 AM

Authorities warn that the world s second largest economy faces external and internal risks

In this file photo, the skyline of the Lujiazui Financial District in Pudong, Shanghai is seen moments before its lights turned off for the Earth Hour environmental campaign on March 25, 2017. Johannes Eisele/AFP

Moody's cuts China's rating on debt fears

May 24, 2017 - 9:20 PM

But Beijing s finance ministry rejects the assessment saying Moody s had used an inappropriate method to assess risks

A general view shows a congested road in Beijing on May 24, 2017. Moody's on May 24 slashed China's credit rating for the first time in almost three decades citing concerns about the country's rising debt and slowing growth, but Beijing rejected the downgrade as "inappropriate". / AFP PHOTO / FRED DUFOUR

SM Prime, Ayala to defy China's slowdown

Apr 26, 2017 - 9:15 AM

While SM Prime plans to increase its investments in China Ayala is in talks with several Chinese firms that are interested in venturing into Philippine infrastructure

CHINESE TASTES. SM City Xiamen shows how well SM has adapted to China. It started as a mass market department store in 2001, then expanded to a lifestyle mall with upscale brands. Photo by Mia Gonzales/Rappler

China's economy grows 6.9% in first quarter of 2017 – gov't

Apr 17, 2017 - 1:40 PM

The figure beats expectations in the latest sign of stabilization for the world s second largest economy

People walk through a park in the Lujiazui Financial District in Pudong in Shanghai on December 7, 2015. AFP Photo

Duterte's pivot: Are we ready for China's imminent debt crisis?

Oct 22, 2016 - 4:14 PM

Before we embark on ever deeper ties with China it’s imperative that our leaders – starting with the President himself – have a good idea of who we’re dealing with and what exactly we’re signing up for

China flag from Wikimedia Commons

Property and credit booms stabilize China growth

Oct 19, 2016 - 1:34 PM

While the forecast beating reading is in line with state targets it comes as experts warn that authorities have relied too much on easy credit which has in turn increased financial risks

STILL RISING. A general view shows the sun rising over the financial district of Pudong in Shanghai on September 9, 2016. Fred Dufour/AFP

China cuts yuan fix in biggest move since devaluation

Jun 27, 2016 - 1:45 PM

The People s Bank of China sets the value of the yuan at 6 6375 to the dollar the lowest level since December 23 2010

epa04879688 A Chinese fruit vendor shows her store earnings in various denominations of the Chinese Yuan, or Renminbi, currency in Beijing, China, 11 August 2015. The yuan has sunk to the lowest trading price in a decade after China's central bank devalued the currency on 11 August to aid a slowing economy. The People's Bank of China set the daily mid-point yuan trading price a record 1.9 per cent weaker at 6.2298 to the US dollar. EPA/ROLEX DELA PENA

China's total debt is more than double GDP – gov't economist

Jun 16, 2016 - 7:15 PM

China s borrowings hit 168 48 trillion yuan 25 6 trillion at the end of 2015 equivalent to 249 of GDP according to Li Yang

epa05259576 A Chinese construction worker sits in front of a billboard displaying the China Central Television (CCTV) Tower outside a construction site in Beijing, China, 15 April 2016. China's economic growth slowed to 6.7% in the first quarter of the year compared to the same period last year, according to Gross Domestic Product (GDP) figures released by the government on 14 April. EPA/HOW HWEE YOUNG

Dear Digong: Time for a new Philippine foreign policy

Jun 12, 2016 - 7:00 PM

In light of the festering disputes in the West Philippine Sea with the Philippines’ arbitration case against China expected to bear fruit in coming weeks foreign policy issues will figure dominantly in coming weeks and months

Photo by Manman Dejeto/Rappler

European firms' pessimism in China at all-time high – survey

Jun 07, 2016 - 4:15 PM

For these firms the business environment in China has become increasingly hostile

epa05174731 Joerg Wuttke, President of the European Union Chamber of Commerce in China, delivers a briefing on a new report on the increased overcapacity in China's industrial economy at the Four Seasons hotel in Beijing, China, 22 February 2016. According to a statement from the European Chamber, it's report titled 'Overcapacity in China: An Impediment to the Party's Reform Agenda' provides recommendations to address problems of ineffectual efforts by China's government in resolving excessive production capacity in its industrial economy. EPA/ROLEX DELA PENA

China e-commerce giant Alibaba's quarterly revenue leaps 39%

May 05, 2016 - 10:45 PM

Alibaba defies China s economic slowdown and tougher competition in the e commerce market

epa05290364 (FILE) A file photo dated 16 March 2016 showing the Alibaba.com stand at the CeBIT computer show in Hanover, Germany. Alibaba Group is to release their unaudited financial results for the quarter and fiscal year ended March 31, 2016 on 05 May 2016. EPA/MAURITZ ANTIN

China, Japan growth to slow sharply in 2016, IMF warns

May 03, 2016 - 5:00 PM

But overall economic growth in Asia will remain strong thanks to government stimulus measures lower commodity prices and low unemployment

epa05278074 A butcher works at his stall in a wet market in Shenzhen, Guangdong Province, China, 21 April 2016, in a photo issued 26 April 2016. China's economy growth slowed to 6.7 per cent in the first quarter of the year compared to the same period last year, Gross Domestic Product (GDP) figures released by the government showed on 14 April, EPA/FREDDY CHAN

A slowing China brings growing concerns

Apr 19, 2016 - 10:30 AM

Leaders should recognize that it is a transparently enforced rule of law – not looking the other way on enforced disappearances – that will be essential for business confidence and economic growth in the long run

epa05169711 A Chinese vegetable vendor hands a customers her goods at a market in Beijing, China, 19 February 2016. Chinese producer prices continued to drop in January while consumer prices edged up, according to official figures released 18 February. The producer price index, which measures the cost of goods at wholesale level, dropped 5.3 per cent year-on-year in January for the 47th straight month of decline while consumer price index, which measures retail inflation, grew 1.8 per cent in January from one year earlier, up slightly from December's 1.6-per-cent increase, the National Bureau of Statistics said. EPA/HOW HWEE YOUNG

China posts slowest quarterly growth on record – gov't

Apr 18, 2016 - 9:45 PM

But analysts say the world s second largest economy appears to be returning to property led growth

epa03863894 A general view shows the construction field for affordable housing program in Qingdao city, eastern China's Shandong province, 12 September 2013. The construction of 5.6 million affordable homes has begun nationwide as of the end of August in 2013, accounting for roughly 89 per cent of the 6.3 million units planned for the whole year, according to the Ministry of Housing and Urban-Rural Development. China's affordable housing program was approved in 1999, in order to provide cheaper housing to low-income families who cannot afford to buy a home in Chinese cities as real estate prices skyrocketed over the past years. EPA/WU HONG

China GDP growth slows to 6.7% in 1st quarter – gov't

Apr 15, 2016 - 10:53 AM

3rd UPDATE But in a positive signal industrial output rises in March beating expectations

ECONOMIC SLOWDOWN. Citizens walk past commercial establishments at the shopping area of Qianmen district in Beijing, China, January 19, 2016. Photo by Rolex Dela Peña/EPA

China exports rise for first time in 9 months

Apr 13, 2016 - 2:26 PM

UPDATED Imports however fall for the 17th straight month

A crane moves a container at a container port in Qingdao, in east China's Shandong province, March 7, 2016. Yu Fangping/EPA

S&P lowers China outlook to negative

Mar 31, 2016 - 11:00 PM

Standard Poor s says the Chinese government is facing more economic and financial risks

epa05202337 Commercial and residential buildings of Shenzhen are seen from the Diwang Building observatory deck, in Shenzhen, Guangdong Province, China, 09 March 2016. According to the outline of the 13th five-year plan, China?s average annual rate of growth will slow from 7.8 per cent in the past five years to around 6.5 per cent, and per capita disposable income will also fall, from 7.7 per cent to around 6.5 per cent. EPA/FREDDY CHAN

Money to burn? China firms seek new investors

Mar 21, 2016 - 4:30 PM

Small and medium sized enterprises in China are turning to the NEEQ a little known stock market with surging growth

To go with China economy market stock regulation,FOCUS This photo taken on January 13, 2016 in Shantou shows bundles of printing 'spirit money' in a show room of the factory. The Guangdong Yixiang Folk Culture Co. has a licence to print money -- thousands of lookalike US dollars roll off its clattering presses every minute, intended as burnt offerings for the heavenly bank accounts of Chinese ancestors. But in the earthly realm, small- and medium-sized companies like this have a devil of a time getting a loan from China's big state-owned banks, which prefer to lend to large, often state-owned, firms. AFP PHOTO / JOHANNES EISELE / AFP / JOHANNES EISELE

Samsonite profits up in 2015 but outlook 'uncertain'

Mar 17, 2016 - 5:30 PM

The luggage manufacturer s chief executive Ramesh Dungarmal Tainwala cites challenging trading conditions expected in key markets like China

epa02759103 Samsonite luggage is displayed during the company's presentation in Hong Kong, China, on 30 May 2011. Samsonite International S.A., the world's largest luggage brand plans to raise as much as 1.1 to 1.5 billion US dollars (0.77 to 1.05 billion Euro) in an initial public offering (IPO) at the Hong Kong Stock Exchange in June 2011. EPA/YM YIK

China behind global trade slowdown in 2015 – World Bank

Mar 10, 2016 - 6:50 PM

Trade increased only 1 7 last year says a new World Bank report

epa05203895 People shop in a supermarket in Beijing, China, 10 March 2016. China's consumer price index, which measures retail inflation, grew 2.3 per cent in January from one year earlier, up slightly from January's 1.8 per cent, official data showed on 10 March. EPA/WU HONG

China economy 'absolutely' won't have hard landing – official

Mar 07, 2016 - 12:48 AM

Please calm down everyone this possibility doesn t exist says planning chief Xu Shaoshi

epa05169711 A Chinese vegetable vendor hands a customers her goods at a market in Beijing, China, 19 February 2016. Chinese producer prices continued to drop in January while consumer prices edged up, according to official figures released 18 February. The producer price index, which measures the cost of goods at wholesale level, dropped 5.3 per cent year-on-year in January for the 47th straight month of decline while consumer price index, which measures retail inflation, grew 1.8 per cent in January from one year earlier, up slightly from December's 1.6-per-cent increase, the National Bureau of Statistics said. EPA/HOW HWEE YOUNG

Facts about China's 2016-2020 growth plan

Mar 05, 2016 - 7:33 PM

Here s what you should know about China s 13th 5 Year Plan which is due to be approved by the National People s Congress

NEW PLAN. Chinese Premier Li Keqiang (R) and Chinese President Xi Jinping leave after the opening of the 4th Session of the 12th National People's Congress (NPC) at the Great Hall of the People in Beijing. Photo by Wu Hong/EPA

China's population to grow 45 million by 2020 – plan

Mar 05, 2016 - 1:35 PM

The new population plan will address problems from the one child policy like a shrinking workforce and severe gender imbalances

POPULATION MANAGEMENT. China's plan after the one-child policy expects the population to reach 'around 1.42 billion' by 2020. EPA file photo

China cuts 2016 growth target to '6.5% to 7%'

Mar 05, 2016 - 12:24 PM

Downward pressure on the economy is growing Domestically problems and risks that have been building up over the years are becoming more evident says Premier Li Keqiang

CHINESE ECONOMY. A construction site in the central business district (CBD) of Beijing, China, January 19, 2016. File photo by Wu Hong/EPA

China to replace securities regulator head – state media

Feb 20, 2016 - 2:34 PM

Liu Shiyu chairman of the Agricultural Bank of China will replace Xiao Gang as head of the China Securities Regulatory Commission

SACKED. Xiao Gang loses his position as the head of the securities regulator after a series Chinese stocks fall into a slump. Photo by Ym Yik/EPA

China forex reserves fall almost $100B in January

Feb 07, 2016 - 8:42 PM

The world’s largest currency hoard shrank by 99 5 billion in January to some 3 2 trillion

China sets 2016 growth target at 6.5-7%

Feb 04, 2016 - 2:10 PM

The world s second largest economy admits its slowdown will continue this year

epaselect epa05110096 A migrant worker and a Chinese man walk passing by a construction site in central business district (CBD) of Beijing, China, 19 January 2016. China's economy grew 6.9 percent in 2015, according to official figures released 19 January, marking the slowest growth in more than a quarter of a century. The growth missed the 7-per-cent target that the government had set for the year and is the weakest since 1990. It matched predictions of 6.9 percent by economists. EPA/WU HONG

China official says no plans to devalue yuan

Jan 22, 2016 - 12:43 PM

I hope the rest of the world can boost confidence and have more confidence in China says Vice President Li Yuanchao

'MORE CONFIDENCE IN CHINA.' Chinese Vice President Li Yuanchao at the 46th Annual Meeting of the World Economic Forum, WEF, in Davos, Switzerland, 21 January 2016. Photo by Laurent Gillieron/EPA

IMF cuts world growth forecast, warns of major risks

Jan 19, 2016 - 8:59 PM

The International Monetary Fund expects the world economy to grow by only 3 4 in 2016

China's lowest growth for 25 years: What does it mean?

Jan 19, 2016 - 8:02 PM

Take a look at how the Chinese economy s growth affects other countries

China 2015 growth slows to weakest in 25 years – gov't

Jan 19, 2016 - 10:13 AM

UPDATED The performance of China the world’s second largest economy is a crucial concern for global investors and its fourth quarter growth also slowed to 6 8

Workers walk at the container port in Qingdao, in east China's Shandong province, January 13, 2016. Yu Fangping/EPA

World could face new economic crisis – Chinese diplomat

Jan 14, 2016 - 4:05 PM

Chinese State Councilor Yang Jiechi says the challenges confronting countries are unprecedented

China growth rate may fall below 7% - Premier Li

Oct 25, 2015 - 3:57 PM

The asian giant s most recent GDP strengthens fears as some analysts are concerned figures may have been manipulated to understate situation

File photo by How Hwee Young/EPA

Global CEOs still have high hopes for China

Oct 14, 2015 - 5:01 PM

China will still remain as one of the most important capital markets in the world says the chairman of Japan s ORIX Corporation

CHINA TURNAROUND. Global CEOs (from left) Enrique Razon, Sam Goi, and Yoshihiko Miyauchi are all optimistic about China's comeback. All photos from Weber Shandwick for #FGCEO2015

China’s stock market crash: Symptom of bigger crisis

Oct 02, 2015 - 7:00 PM

Will the current leadership continue to tread softly around the powerful set of interests that has dominated society for 30 years or will it muster the courage to break with the political economy of export oriented rapid growth?

GOING DOWN. A stock investor sits in front of an electronic screen showing stock price at a brokerage house in Beijing city, China, July 6, 2015. Wu Hong/EPA

Indonesia rupiah hits 17-year low

Sep 23, 2015 - 10:54 PM

Indonesia s rupiah fell 0 57 to a 17 year low with research firm Capital Economics saying the country s foreign exchange reserves have plunged 7 0 since March indicating the central bank had been intervening to support the currency

Poll: Americans troubled by China ties, economy

Sep 09, 2015 - 11:19 PM

Half or more of the people questioned for the Pew Research Center survey rated these areas as serious problems

Unlike '97, Asian economies expected to bend, not break

Aug 25, 2015 - 7:00 AM

Painful lessons learned 18 years ago have left Asian economies far more able to withstand severe shocks economists say

Redefining hard power in the South China Sea

May 31, 2015 - 7:40 PM

China is faced with the awkward and odd fact that it is forced to pump prime its economy – already supply driven – to keep being the assertive giant it projects itself to be