Chinese Economy

Job gains cushion China's slowest growth in 24 years

The mainland beat the target on job creation last year despite the slowest economic expansion in 24 years. Photo: Reuters

The first miss of a government growth target since 1998 and the mainland's slowest gross domestic product expansion in 24 years were still enough to create more jobs than expected in 2014.

Wednesday, 21 January, 2015, 8:31am 2 comments

China's workforce shrinks by nearly 4 million amid greying population

A Chinese baby in the arms of his father at a furniture store in Beijing. Photo: AFP

The mainland's working-age population continued to fall last year as Beijing struggled to address a spiralling demographic challenge made worse by its one-child policy.

21 Jan 2015 - 5:05am

Debt and deflation darken China’s economic outlook

A man stands at a construction site in Beijing. Debt and deflation are the two biggest risks to China's economy in 2015. Photo: Bloomberg

Debt and deflation are the two biggest risks facing the mainland economy and may take years to resolve as a slowdown looms.

21 Jan 2015 - 9:03am 6 comments

IMF trims forecast for China’s GDP growth, raises outlook for US

The International Monetary Fund revised downwards its estimate for China's GDP growth in 2015 and 2016. Photo: Reuters

The International Monetary Fund has cut its forecasts for China's economic growth for this year and next as the global economic rebound plateaus, despite a sharp drop in oil prices.

21 Jan 2015 - 8:14am

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.

20 Jan 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