Analysts expect China’s exports to stay weak in the coming months as high inflation eats into demand in developed countries and the country is gradually reopened after three years of hardline Covid controls.
China is looking to strike a balance between meeting its energy demands and maintaining relations with its major export destinations, but some Western countries have criticised Beijing for providing a lifeline to the embattled Kremlin.
IMF managing director Kristalina Georgieva says China is being held back by Covid-19 lockdowns and challenges in the real estate sector, while it has a leading role to play in preventing fragmentation of the global economy.
Economists say while China has taken a stride towards reopening, a full economic rebound will be slow and bumpy, with consumption only likely to recover when coronavirus infections start to plummet.
Presidents Xi Jinping and Vladimir Putin throw their support behind further economic cooperation between the neighbouring nations against the backdrop of external challenges such as Western sanctions.
Smartphone shipments from the provincial home of the world’s largest iPhone factory fell by over 16 per cent in October, increasing concerns over supply chain relocation amid China’s already bleak export outlook.
Prominent economist Wang Yiming’s economic-growth projection is at the high end of expectations among analysts, and it comes with a number of conditions and concerns, some shared by other advisers.
Policymakers’ attempts to boost China’s economy while it remains constrained by the disruptive zero-Covid policy are deemed ‘powerless’.
Chinese exports to the US were down by 12.6 per cent year on year in October, with mobile phones, clothing, toys and furniture shipments all declining last month.
Climate ambassadors Xie Zhenhua and John Kerry meet at the UN-led global summit in Egypt as bilateral talks resume following rift over Taiwan.
China’s top economic planning agency met with US multinationals including ExxonMobil, Boeing, Cargill and Emerson Electric this week, signalling it is eager to restore market confidence after the 20th party congress.
A market rally that started on Friday continued on Monday, and the yuan strengthened against the US dollar, but experts say economic uncertainties remain in the face of China’s zero-Covid policy.
The 392km-long (244 miles) Lao Cai-Hanoi–Haiphong standard gauge railway will eventually link the capital of China’s southwestern Yunnan province to one of Vietnam’s busiest seaports as part of China’s Belt and Road Initiative.
Although the authorities have stressed the zero-Covid policy remains, observers said Friday’s changes marked the first signs of a gradual shift.
China’s decision to ease coronavirus containment measures has been welcomed by foreign business groups, but many say the positive impact will be limited and have urged further relaxation.
As business confidence dims across China, the nation’s top economic planning agency says authorities will encourage private investment in infrastructure projects, while carrying out reforms to ‘mobilise enthusiasm’.
China’s exports declined for the first time since May 2020 in October, while imports also fell last month, data released on Monday showed, with analysts expecting further weakness in the coming months.
Fresh guidelines are aimed at improving the financial conditions of local-level governments, and analysts say the directive highlights just how urgent it is to alleviate financial distress across China.
Banking regulator says China faces an ‘arduous task’ of ensuring fair competition, encouraging technological innovation and preventing the disorderly expansion of capital.
Some analysts say Europe’s energy crisis and a grimmer economic outlook may leave it with no choice but to increase reliance on China, a leader in renewable energy and the world’s top manufacturing hub.
Liquor exports from China to North Korea roared back in the third quarter after coronavirus controls were lifted by Pyongyang, with most of the goods likely to end up on the tables of the country’s elite.
Machinery and mechanical equipment top category of products shipped from region, whose month-on-month decline aligns with weakening in Chinese exports.
An extreme summer drought has left reservoirs in China struggling to retain water needed for the dry season, with Sichuan province anticipating a worst-case scenario of a 10 to 30 per cent power shortfall over the winter months.
Liquefied natural gas infrastructure is booming in China, as recurrent power shortages and interruptions have had a serious impact on livelihoods and businesses across the country.
Tomato products from Xinjiang were designated by the US as ‘high-risk’ under the Uygur Forced Labour Prevention Act, but the industry has proved remarkably resilient, mainly because it does not rely on the American market.
China has signed a record number of long-term liquefied natural gas (LNG) contracts in the past two years, leaving the country’s gas supply more reliant on the US and Russia, a new report says.
Extreme weather, US trade sanctions and global recession fears are disrupting the global market for cotton just as China’s Xinjiang region begins its harvest.
US ambassador to Beijing Nicholas Burns says Washington is not seeking to decouple, but will ‘vigorously’ compete with China on a range of issues.
Entities from China’s Xinjiang region exported a 10-month high of US$56.8 million worth of goods to the US in August despite the Uygur Forced Labour Prevention Act having come into effect at the end of June.
For most mainlanders, travelling to the city remains frustratingly out of reach and ones who do obtain a visa face seven days of quarantine on the journey back.