A worker adjusts a cotton string roll at a textile factory in Hangzhou, in east China's Zhejiang province, on January 21. An official measure of China's manufacturing improved in January but forecasters say economic activity is sluggish as leaders try to resolve a tariff battle with Washington. Photo: AP
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

China’s weak economic data is likely to prompt more stimulus measures and a softer tone towards the US

  • The data from January and February will motivate the government to announce greater stimulus measures and take a more conciliatory stance in the ongoing trade negotiations with the US
  • The result is likely to be only a mild recovery in the second half of the year

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A worker adjusts a cotton string roll at a textile factory in Hangzhou, in east China's Zhejiang province, on January 21. An official measure of China's manufacturing improved in January but forecasters say economic activity is sluggish as leaders try to resolve a tariff battle with Washington. Photo: AP
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The data tracks profits from firms that report more than 20 million yuan (US$2.98 million) in revenue from their main business, and it is divided into private and public sector companies. Photo: Reuters

China’s economic concerns mount as industrial profits crash to lowest since 2011

  • Industrial profits stood at 708 billion yuan (US$105.4 billion) for January and February, according to figures released by the National Bureau of Statistics
  • Manufacturing profits fell by 15.7 per cent year-on-year, with profits from oil processing companies collapsing 70.4 per cent
Topic |   China economy

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The data tracks profits from firms that report more than 20 million yuan (US$2.98 million) in revenue from their main business, and it is divided into private and public sector companies. Photo: Reuters
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