Chinese Economy

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.

Wednesday, 7 January, 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

State Council approves free-trade zones for Tianjin, Fujian and Guangdong

State Council approved plans to set up three more free-trade zones in an executive meeting chaired by Premier Li Keqiang. Photo: Xinhua

Tianjin, Fujian and Guangdong will follow Shanghai's lead and establish free-trade zones in their jurisdictions.

13 Dec 2014 - 1:53am 3 comments

China's retailers expected to see slow recovery

Mainland retailers will be facing more rental and labour cost pressure and fierce competition from e-commerce players. Photo: Bloomberg

Mainland retail sales are expected to see slow recovery next year as operating costs increase, economic growth continues to be sluggish and competition from e-commerce intensifies, say analysts.

13 Dec 2014 - 6:00am

China central bank chief must fend off deflation without spooking markets

Zhou Xiaochuan is expected to fend off the deflation descending upon China.

Zhou Xiaochuan can forget a next year. The world is counting on the People's Bank of China governor to fend off the deflation descending upon the mainland.

12 Dec 2014 - 7:02am

Top Chinese leaders stress 'new normal' growth

Analysts widely expect China's economic growth to slow to a 24-year-low of 7.4pc this year. Photo: AFP

China's top leaders said they were confident of achieving their major economic goals for this year as they laid out a blueprint for 2015 designed to keep growth steady while pursuing new investment-led initiatives.

12 Dec 2014 - 8:11am 9 comments

China, as world's new No 1 economy, still struggles with soft power

Last week, the International Monetary Fund confirmed that mainland China's economic output this year should overtake the United States. Photo: AFP

It's official now. China is No1 and America is No 2. I'm talking about which economy is the world's largest.

8 Dec 2014 - 7:22am 1 comment

China’s top economic officials to convene amid gloomy forecasts

The mainland economy is facing clear downside pressures. Photo: Reuters

A raft of economic data due this week is likely to set a troubling backdrop for the central government's top economic officials when they meet to thrash out a plan for tackling key challenges next year.

8 Dec 2014 - 6:24pm