Chinese Economy | South China Morning Post
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  • Jan 29, 2015
  • Updated: 12:14am

Chinese Economy

China’s economy grows 7.4 per cent, slowest pace in 24 years

A man looks at the Pudong financial district of Shanghai. China's full-year 2014 GDP grew at its slowest pace in 24 years. Photo: Reuters

China’s economy grew 7.4 per cent in 2014, the slowest expansion in 24 years as it missed the annual growth target for the first time since 1998.

Tuesday, 20 January, 2015, 10:37pm 11 comments

China’s claim to No 1 economy is lacking without global clout

Containers are stacked up in a port in China's Jiangsu province. The country still has a ways to go before it becomes the world's No. 1 economy. Photo: AFP

Critics may say the United States’ days are numbered and China will soon assume America’s crown as the world’s biggest economy. Some optimists say it may happen within the next decade.

But size isn’t everything and China needs to achieve much more in the long run before it can lay claim to being the world’s No.1 superpower and the main engine of global growth.

19 Jan 2015 - 10:42am 6 comments

China’s FDI growth slows while outbound investment soars

New data showed the shift away from investment-heavy industries towards services and consumption is taking hold, with service-sector FDI increasing 7.8 per cent while manufacturing FDI declined 12.3 per cent last year. Photo: AFP

China’s foreign direct investment (FDI) rose an annual 1.7 per cent last year, although the pace slowed from 2013 as a cooling economy and shifting drivers of growth weighed on offshore investment flows.

16 Jan 2015 - 3:04pm

Lenovo ships record global shipment of 16 million units in 4th quarter of 2014

A Chinese customer looks over smartphones at Lenovo's flagship store in Beijing as the company reported record global shipments in the fourth quarter of 2014. Photo: Bloomberg

Lenovo capped a strong year as the world’s largest supplier of personal computers with a record global shipment of 16 million units in the fourth quarter, boosted by solid demand in the United States and its Europe-Middle East-Africa geographic market.

14 Jan 2015 - 7:08am

China’s December exports beat expectations, up 9.7 per cent to US$227.5 billion

China Shipping Container Line owns the world's largest container ship. Exports from the mainland rose 6.1 per cent last year. Photo: Reuters

Exports will remain the key engine of economic growth this year even though the overall trade growth missed the annual target for the third consecutive year.

14 Jan 2015 - 6:19am 1 comment

China’s consumer sentiment improves in December

Mainland consumer sentiment improved last month. Photo: AFP

Mainland consumer sentiment improved further last month, in a sign that confidence in business and the real estate market has started to rise.

8 Jan 2015 - 7:11am

Beijing to fast track projects to spur growth

Premier Li Keqiang (2nd left) visits Nansha New Area of Guangdong Free Trade Zone in Guangzhou. Photo: Xinhua

The mainland is accelerating 300 infrastructure projects valued at 7 trillion yuan (HK$8.8 trillion) this year as policymakers seek to shore up growth that's in danger of slipping below 7 per cent.

7 Jan 2015 - 2:32am

Year of the bull: China's leaders plan major economic shift to boost growth

Year of the bull: China's leaders plan major economic shift to boost growth

Economic growth in China could come from cheaper oil, energy-pricing reforms, deepening privatisation and rising domestic demand.

7 Jan 2015 - 9:13am 3 comments

China likely to miss trade and investment targets

China likely to miss trade and investment targets

The mainland looks set to miss its five-year targets for the first time in decades as policymakers switch their focus to quality rather than the pace of growth for the world's second-largest economy.

29 Dec 2014 - 6:59am

Shandong first province to toe line on debt reform

On January 1, local government platforms can no longer borrow from banks and must raise debt from bond markets. Photo: Bloomberg

Cities and towns in Shandong province should not look to the government for a bailout, provincial authorities said, making the province the first to fall in line with Beijing's plans to cut back on regional debt.

20 Dec 2014 - 6:58am

China revises GDP figures, saying economy was 3.4pc bigger last year

The revisions lifted the service sector's contribution to economic output to 46.9pc. Photo: AFP

The mainland revised up the size of its economy for last year but sees that having little effect on economic growth this year, amid expectations that Beijing may roll out more stimulus.

20 Dec 2014 - 10:21am 4 comments

Overseas investments raise key China questions

Click to enlarge the infographic

Beijing's bid to ramp up overseas investments could be as much a worrying sign that profitable opportunities at home are shrinking as it is evidence of the mainland's climb up the global value chain.

17 Dec 2014 - 9:39am 1 comment

Chinese government think tank forecasts 7pc growth next year

Chinese government think tank forecasts 7pc growth next year

A key central government think tank has forecast the mainland's growth will slow to about 7 per cent next year and the slowdown would last at least a few years before stabilising.

16 Dec 2014 - 11:46am

PBOC sees China growth easing to 7.1 per cent in 2015

PBOC predicts China growth easing further in 2015

China's economic growth could slow to 7.1 per cent in 2015 from an expected 7.4 per cent this year, held back by a sagging property sector, the People's Bank of China said in a new research report.

15 Dec 2014 - 9:02am

Caution over bubble as China urged to ease policy amid slowdown

The mainland's industrial activity is cooling on weak demand and a temporary closure of factories during the Apec talks. Photo: Reuters

Calls are rising for Beijing to ease policy to stem a slide in economic growth, although analysts say the timing may be complicated by the volatility on the domestic stock markets.

13 Dec 2014 - 6:09am 6 comments