Tag: China economy

Saturday, August 26th 2023 - 18:56 UTC
Brazil assessing risks and reactions from a sustained slowdown of China's economy

The slowdown of the Chinese economy, where Brazil shipped 30% of its exports in the first seven months of the year are underscoring the nation’s substantial vulnerability to the fluctuations in the Asian giant, and President Lula da Silva electoral promises of a quick recovery to his followers.
Thursday, May 26th 2022 - 08:20 UTC
Chinese economy stalling: combating Covid-19 and keeping jobs more significant than GDP growth criteria

The Chinese economy is not working as smoothly as expected and is facing many challenges, admitted Premier Li Keqiang during a major conference on Wednesday.
Saturday, January 18th 2020 - 08:44 UTC
China's economy weakened to its slowest pace in three decades

China's economy weakened to its slowest pace in three decades last year as weaker domestic demand and trade tensions with the United States took their toll, official data showed on Friday.
Tuesday, April 10th 2018 - 08:34 UTC
China's Xi considers lowering import tariffs and duties

Chinese President Xi Jinping discussed plans to further open up the Chinese economy during a Tuesday address. Those measures included “significantly” lowering import tariffs for autos, decreasing duties on other products, enforcing the legal intellectual property of foreign firms and improving the investment environment for international companies.
Tuesday, March 6th 2018 - 09:36 UTC
Beijing anticipates 6.5% growth, steady rise in foreign trade and prudent and neutral monetary policy

China aims to expand its economy by around 6.5% this year, the same as in 2017, while pressing ahead with its campaign to reduce risks in the financial system, Premier Li Keqiang said on Monday. The goal was kept unchanged even though the economy grew 6.9% last year and exceeded the government's target.
Wednesday, January 31st 2018 - 09:14 UTC
Top Beijing official warns of risks facing China's “messy” financial system

The level of risk facing China’s financial system could be higher than was seen in the United States before the global crash, according to a former Chinese finance minister. Speaking at a forum in Beijing over the weekend, Lou Jiwei, now chairman of the National Social Security Fund Council, also described the state of China’s financial sector as “messy”.
Friday, January 19th 2018 - 09:27 UTC
Beijing claims economy growth picks up after seven years, but there are doubts about Chinese stats

China's economy grew by 6.9% in 2017 according to official data - the first time in seven years the pace of growth has picked up. The figure beats Beijing's official annual expansion target of about 6.5% and is good news for the global economy since China's impact and the better-than-expected data is likely to cheer investors around the world.
Tuesday, July 18th 2017 - 07:24 UTC
Pleasant surprise from Far East: Chinese economy grows at annualized 6.9%

China's economy grew at an annual rate of 6.9% between April and June according to official figures, slightly higher than forecast. The growth rate, which compares expansion with the same three months in the previous year, was the same as in the first quarter of 2017.
Friday, April 15th 2016 - 09:00 UTC
China's economy expanded 6.7% in the first quarter, in line with Beijing growth target

China's economy grew 6.7% in the first quarter of the year compared to the same time last year, announced the government. It is the slowest quarterly growth in the Chinese economy in seven years, but in line with expectations and China's own growth targets.
Monday, March 7th 2016 - 04:47 UTC
China anticipates rough times as it tries to create jobs and restructure the economy

China faces a tough battle to keep its economy growing by at least 6.5% over the next five years while creating more jobs and restructuring inefficient industries, Premier Li Keqiang said as he opened China's annual parliament.