China economy - updates

Rappler's latest stories on China economy

ARTICLE FINDER

China's factory gate deflation eases as economy recovers

Jul 09, 2020 - 5:30 PM

China is working to bounce back from a historic economic contraction in the 1st quarter of 2020, but it faces a threat from weakening global demand

MANUFACTURING. Employees work on a battery production line at a factory in Huaibei in China's eastern Anhui province on March 30, 2020. Photo by AFP

China factory activity picks up in June 2020 despite global headwinds

Jun 30, 2020 - 4:45 PM

While factory activity in China improves, economists caution that momentum may weaken in the 2nd half of 2020

MANUFACTURING. Workers produce baby carriages at a factory in Handan in China's northern Hebei province on April 29, 2020. Photo by AFP

China opens more industries to foreign investment

Jun 24, 2020 - 9:25 PM

China eases international ownership caps on brokerages, futures companies, and life insurance firms

Workers erect scaffolding at a construction site in Beijing on October 22, 2019. - Chinese exporters are cautiously optimistic as a possible trade deal between Beijing and Washington promises much-needed respite, but are preparing for the worst after seeing past negotiations fall apart. (Photo by NOEL CELIS / AFP)

China's industrial output continues slow recovery from virus hit

Jun 15, 2020 - 5:00 PM

Chinese industrial production expands 4.4% in May 2020, but there are still 'many difficulties and uncertainties'

REOPENED. A general view shows buildings in Wuhan, in China's central Hubei province on April 7, 2020. Wuhan, the central Chinese city where the coronavirus first emerged last year, partly reopened on March 28 after more than two months of near total isolation for its population of 11 million. Photo by Hector Retamal / AFP

China's street vendors rush to sell despite mixed messages

Jun 11, 2020 - 7:30 PM

Chinese Premier Li Keqiang's words of encouragement spur people across China to set up street stalls, but many face stiff resistance from police

Street vendors sell products to customers beside a police cabin on the roadside in Beijing on June 10, 2020. (Photo by GREG BAKER / AFP)

China's factory goods prices slump on virus shock

Jun 10, 2020 - 10:40 PM

With slumping demand across many of China's key trading partners, companies are forced to charge less for their products

This photo taken on June 9, 2020 shows an employee working at a factory in Haian in China's eastern Jiangsu province. - China's factory-gate prices remained at four-year lows in May, official data showed on June 10, as the demand shock from the coronavirus continued to take a toll on the world's second-largest economy. (Photo by STR / AFP) / China OUT

China imports plunge, exports fall on virus hit to global growth

Jun 07, 2020 - 3:30 PM

With consumer demand muted and key overseas markets suffering downturns, Chinese imports drop to a 4-year low in May 2020

TRADE WAR. This photo taken on June 24, 2019, shows containers at the Qingdao Port Foreign Trade Container Terminal in Qingdao, China. File photo by AFP

China factory activity slows as global slump drags on growth

May 31, 2020 - 4:00 PM

China's National Bureau of Statistics says foreign market demand is still shrinking as countries continue to combat the coronavirus pandemic

SLOWDOWN. A worker sews shoe parts at the Zhejiang Xuda Shoes Company factory in Wenzhou, China, on February 27, 2020. Photo by Noel Celis/AFP

China exporters look inwards as virus hits overseas markets

May 24, 2020 - 8:05 PM

As the coronavirus hits trade across the globe, exporters in China are forced to look to domestic markets after years of selling overseas

This photo taken on May 20, 2020, shows a worker assembling toy cars at the Mendiss toy factory in Shantou, southern China's Guangdong province. - Cancelled shipments, returned goods and a dearth of new orders have left China exporters in crisis as the coronavirus hits its trading partners worldwide -- accelerating a long-standing push towards domestic consumption. (Photo by NOEL CELIS / AFP) / TO GO WITH AFP STORY "CHINA-TRADE-EXPORTS" FOCUS by Beiyi SEOW

No annual growth target for virus-hit China, a first in years

May 22, 2020 - 2:35 PM

Given 'great uncertainty' caused by the coronavirus pandemic, China will not set a 2020 economic growth target but 'give priority to stabilizing employment and ensuring living standards'

NIGHT MARKET. This aerial photo shows people visiting a night market in Shenyang in China's northeastern Liaoning province on April 2, 2020. Photo by AFP

China moves to tighten grip on Hong Kong

May 22, 2020 - 11:30 AM

(3rd UPDATE) The most controversial move at the National People's Congress in China is a measure that would impose security legislation in Hong Kong

Chinese Premier Li Keqiang delivers his work report during the opening session of the National People's Congress (NPC) at the Great Hall of the People in Beijing on May 22, 2020. - China has made "major strategic achievements" in its response to the coronavirus outbreak, Premier Li Keqiang said at the opening of the National People's Congress on May 22. (Photo by Leo RAMIREZ / AFP)

China trade growth 'unsustainable' if virus not controlled – minister

May 20, 2020 - 2:15 PM

To drive economic growth, China will 'rapidly activate domestic demand' to make up for weakness in the international markets

TRADE. This aerial photo taken on April 14, 2020, shows containers stacked at a port in Lianyungang in China's eastern Jiangsu province. Photo by AFP

China industrial output sees shock growth but consumers stay wary

May 15, 2020 - 1:00 PM

The 3.9% rise in industrial production in April 2020 is taken as a sign that China is bouncing back. Retail sales, however, drop 7.5%.

MANUFACTURING. Employees work on a battery production line at a factory in Huaibei in China's eastern Anhui province on March 30, 2020. Photo by AFP

China exempts more U.S. goods from tariffs as virus hits economy

May 12, 2020 - 10:00 PM

The list of goods includes medical disinfectant, rare-earth metal ores, and some silicon wafers used in the electronics industry

TARIFFS SUSPENDED. Containers are shown at the foreign trade container terminal in Qingdao, in China's eastern Shandong province, on November 21, 2019. File photo by AFP

China factory prices plunge as virus hammers demand

May 12, 2020 - 3:35 PM

China's producer price index – which reflects what factories charge wholesalers – drops in April 2020

Employees work on a truck production line at a factory in Zhangjiakou in China's northern Hebei province on May 12, 2020. - China's factory-gate prices fell to a four-year low, official data showed on May 12, with firms suffering from the economic devastation unleashed by the coronavirus on the global economy. (Photo by STR / AFP) / China OUT

China exports see surprise 3.5% jump in April, imports fall

May 07, 2020 - 4:25 PM

An analyst says China's exports of medical supplies provided a boost. But weakness may be ahead as key trading partners fall into recession.

THRIVING BUSINESS. Workers produce face masks for export at a factory in Lianyungang in China's eastern Jiangsu province on March 26, 2020. Photo by AFP

Help wanted: Jobless China workers await relief

Apr 30, 2020 - 6:00 PM

At this point, no one expects mass worker unrest in tightly controlled China, but joblessness is soaring due to the coronavirus pandemic

Men wearing face masks wait in an employment agency for a car to take them to their new job that they got in an employment agency in Shanghai on April 28, 2020. (Photo by Hector RETAMAL / AFP)

Chinese factory activity slows in face of global pandemic

Apr 30, 2020 - 1:00 PM

While daily life slowly gets back to normal in China, its crucial markets in the United States and Europe remain virtually shut down

This photo taken on April 29, 2020 shows workers producing baby carriages at a factory in Handan in China's northern Hebei province. - Chinese factory activity continued to expand in April, data showed on April 30, but analysts warned that the outlook remained clouded by battered overseas demand as the rest of the world struggles to overcome the coronavirus pandemic. (Photo by STR / AFP) / China OUT

China suffers historic contraction as virus paralyzes economy

Apr 17, 2020 - 6:00 PM

China's gross domestic product falls 6.8% in January-March 2020, marking the first contraction since the government began logging quarterly performance in the early 1990s

People wear masks amid concerns over the COVID-19 coronavirus as they walk outside a shopping mall in Beijing on April 17, 2020. - China's economy shrank for the first time in decades last quarter as the coronavirus paralysed the country, in a historic blow to the Communist Party's pledge of continued prosperity in return for unquestioned political power. (Photo by GREG BAKER / AFP)

China foreign trade drops as pandemic drags outlook

Apr 14, 2020 - 6:20 PM

An analyst warns that 'the worst is still to come for China's export sector' as the coronavirus ravages its trading partners

This aerial photo taken on April 14, 2020 shows containers stacked at a port in Lianyungang in China's eastern Jiangsu province. - China's foreign trade fell again in March even as businesses returned to work after the coronavirus outbreak, with the global pandemic weighing on the manufacturing powerhouse's outlook. (Photo by STR / AFP) / China OUT

Rising unemployment from virus fight threatens China's poverty targets

Apr 12, 2020 - 10:35 PM

Analysts say China could lose around 18 million jobs in the export sector due to the coronavirus pandemic

A general view shows buildings in Wuhan, in China's central Hubei province on April 7, 2020. - Wuhan, the central Chinese city where the coronavirus first emerged last year, partly reopened on March 28 after more than two months of near total isolation for its population of 11 million. (Photo by Hector RETAMAL / AFP)

China inflation slows as lockdowns ease

Apr 10, 2020 - 6:15 PM

China's inflation rate eases in March 2020 due to weak oil prices and suppressed demand caused by drastic coronavirus measures

WUHAN. A general view of a road in Wuhan, China's central Hubei province on March 28, 2020, after travel restrictions into the city were eased following two months of lockdown due to the COVID-19 coronavirus outbreak. Photo by Hector Retamal/AFP

China releases $56 billion to banks in virus response

Apr 03, 2020 - 8:00 PM

The People's Bank of China aims to 'effectively increase stable funding sources' and help reduce the interest rates that enterprises are subject to

This photo taken on March 19, 2020 shows customers lining up to have their temperature taken before entering a bank in Yunmeng county, in Xiaogan City in China's central Hubei province. - China on March 19 marked a major milestone in its battle against the coronavirus pandemic as it recorded zero domestic infections for the first time since the outbreak emerged, but a spike in imported cases threatened its progress. (Photo by STR / AFP) / China OUT

China puts $140 billion towards supporting SMEs

Mar 31, 2020 - 9:25 PM

Chinese authorities will guide smaller banks to lend additional funds to small- and medium-sized enterprises at preferential rates

DESERTED. This photo, taken on February 7, 2020, shows a closed restaurant opposite a section of the Great Wall of China in Huanghuacheng, north of Beijing. Photo by Greg Baker/AFP

World Bank warns China growth could screech to a halt

Mar 31, 2020 - 12:25 PM

The World Bank says the coronavirus pandemic is causing 'an unprecedented global shock, which could bring growth to a halt and could increase poverty' across East Asia and the Pacific

Day labourers wearing face masks hold signs advertising their skills as they wait to get hired for renovation works in Shenyang in China's northeastern Liaoning province on March 27, 2020. (Photo by STR / AFP) / China OUT

China's factory activity rebounds but threat from virus looms

Mar 31, 2020 - 11:40 AM

(UPDATED) Businesses gradually resume work in China, but further challenges loom as the coronavirus causes sluggish external demand

This photo taken on March 30, 2020 shows employees working on a battery production line at a factory in Huaibei in China's eastern Anhui province. - Factory activity in China rebounded in March from a record low, according to official data released on March 31, returning to expansion territory while the coronavirus pandemic continues to devastate the global economy. (Photo by STR / AFP) / China OUT

China slashes rate, pumps $7 billion into market to counter virus

Mar 30, 2020 - 2:55 PM

The People's Bank of China launches more measures to counter the coronavirus pandemic's economic impact

OUT AND ABOUT. People wearing face masks as a preventive measure against COVID-19 visit the Yu Garden in Shanghai on March 23, 2020. Photo by Hector Retamal/AFP

China industrial output contracts for first time in decades

Mar 16, 2020 - 3:15 PM

Industrial production in China shrinks 13.5% in January-February 2020, the first contraction since January 1990

This photo taken on March 14, 2020 shows a worker watching over a machine as it welds aluminium at a factory in Zouping, in China's Shandong province. - China's industrial production, retail sales and investment all contracted in the first two months of the year after the coronavirus epidemic wreaked havoc on the economy, official data showed on March 16. (Photo by STR / AFP) / China OUT

China inflation slips but stays high on coronavirus, food worries

Mar 10, 2020 - 9:30 PM

Analysts say China's inflation rate is likely to remain elevated for some time due to the novel coronavirus outbreak

A customer (L) shops for pork at a market in Beijing on October 15, 2019. - China's consumer inflation accelerated at its fastest pace in almost six years in September as African swine fever sent pork prices soaring nearly 70 percent, official data showed on October 15. (Photo by WANG Zhao / AFP)

China exports plunge on coronavirus epidemic

Mar 07, 2020 - 5:15 PM

China's exports from January to February 2020 fall 17.2% from a year ago, with the novel coronavirus hitting supply chains

TRADE WAR. This photo taken on June 24, 2019, shows containers at the Qingdao Port Foreign Trade Container Terminal in Qingdao, China. File photo by AFP

One worker at a time, virus-hit China's factories sputter back online

Mar 01, 2020 - 9:15 PM

The situation in Wenzhou, a major producer of much of the world's shoes, eyeglasses, and clothing, reflects the slow progress in fully reviving China's economy

Workers wearing protective facemasks as a preventive measure against the COVID-19 coranavirus, sew shoe parts at the Zhejiang Xuda Shoes Co. factory in Wenzhou on February 27, 2020. - Foreign firms in virus-hit China are expecting large drops in revenue, especially for the first half of the year, with some planning to lower their business targets, said trade associations on February 27. (Photo by NOEL CELIS / AFP)

Virus hammers China's February economic activity

Feb 29, 2020 - 5:30 PM

Data released on Saturday, February 29, gives the first glimpse at the devastation the novel coronavirus has caused to industries across China

This photo taken on February 27, 2020 shows a facemask-clad worker stitching insoles at the Zhejiang Xuda Shoes Co. factory in Wenzhou. - Only about one-third of the roughly 1,000-strong workforce at Xuda's factory in the eastern export hub of Wenzhou are around, the rest blocked by virus-induced travel disruptions and safety measures. (Photo by NOEL CELIS / AFP) / TO GO WITH AFP STORY HEALTH-VIRUS-CHINA-ECONOMY-MANUFACTURING,FOCUS BY DAN MARTIN

China cuts loan rate as it battles coronavirus impact

Feb 20, 2020 - 9:20 PM

The reduction in China's loan prime rate is the latest measure to help companies struggling through the epidemic

Small businesses suffer in China as novel coronavirus shuts communities

Feb 10, 2020 - 10:55 PM

As the novel coronavirus claims more lives and infects thousands of people every day, it is also taking a toll on China's small businesses

This photo taken on February 7, 2020 shows a closed restaurant opposite a section of the Great Wall of China at Huanghuacheng, north of Beijing. - As the virus claims more lives and infects thousands of people every day, it is also taking a toll on the country's small businesses that rely on spending from China's growing middle-class. (Photo by GREG BAKER / AFP) / TO GO WITH China-health-virus-economy,FOCUS by Beiyi Seow

China inflation rises as coronavirus disrupts supply chains

Feb 10, 2020 - 10:20 PM

Consumer prices in China increase at their highest rate since October 2011, partly due to the novel coronavirus outbreak

This photo taken on February 9, 2020 shows people wearing protective masks buying meat in Hangzhou in China's eastern Zhejiang province. - China consumer prices rose at their highest rate in more than eight years, official data showed February 10, with inflation more than expected on the back of Lunar New Year demand and a deadly virus outbreak. (Photo by STR / AFP) / China OUT

China offers $43-billion boost to firms fighting novel coronavirus

Feb 09, 2020 - 10:25 PM

The People's Bank of China offers special funding in the battle against the novel coronavirus outbreak

A worker (L) wearing a protective suit carries a fogging machine as others prepare to disinfect a business establishment in Shanghai on February 9, 2020. - The new coronavirus that emerged in central China at the end of last year has killed more than 800 people and spread around the world. (Photo by NOEL CELIS / AFP)

China's stuttering economy braces for impact of deadly virus

Feb 05, 2020 - 8:20 PM

Analysts warn that the economic impact of the novel coronavirus could surpass the SARS epidemic

An empty shopping mall is seen in Beijing on February 5, 2020. - China's struggle to contain the deadly coronavirus is deepening concerns about the impact on the world's number-two economy, as factories stay closed and millions of consumers remain holed up at home. (Photo by GREG BAKER / AFP)

Chinese central bank to pump $173 billion into economy in virus fight

Feb 02, 2020 - 6:20 PM

The People's Bank of China says it will maintain 'reasonable and abundant liquidity' in the banking system, as well as a stable currency market, during the novel coronavirus outbreak

RENMINBI. China says it will not devalue its currency. Photo from Shutterstock

Virus crisis adds pressure on slowing Chinese economy

Jan 30, 2020 - 7:15 PM

The novel coronavirus outbreak is expected to deliver a fresh blow to the world's No. 2 economy

A customer (R) buys dried sausages at a market in Beijing on January 15, 2020. - China's trade surplus with the United States narrowed last year as the world's two biggest economies exchanged punitive tariffs in a bruising trade war, official data showed. (Photo by NICOLAS ASFOURI / AFP)

China inflation flattens as surge in pork prices slows

Jan 09, 2020 - 5:10 PM

China's inflation is steady at 4.5% in December 2019, but pork prices remain high due to the African swine fever outbreak

SURGING INFLATION. A customer shops for pork at a market in Beijing on October 15, 2019. Photo by Wang Zhao/AFP

China’s global economic reach: A balance sheet

Nov 28, 2019 - 3:00 PM

China’s economic relationship with the Global South may be overall positive, but Beijing needs to address the questionable practices of its corporations and agencies

China's economy: Powerful, yes, but vulnerable

Nov 14, 2019 - 9:00 PM

China's rapid growth has produced prosperity and reduced poverty. It has also generated less wholesome economic, social, and ecological consequences which are now catching up with it.

China's growth slows to 6% in third quarter, weakest in 27 years

Oct 18, 2019 - 4:07 PM

With China a key driver of global growth, the soft reading adds to concerns about the world economy and prompts speculation that authorities will unveil fresh stimulus following a series of other measures in recent months

SLOW DOWN. This file photo taken on September 24, 2019 shows employees producing down coats at a factory for Chinese clothing company Bosideng in Nantong in China's eastern Jiangsu province. AFP Photo

IMF trims 2019 China growth forecast as U.S. tariffs bite

Oct 16, 2019 - 9:15 AM

The International Monetary Fund now expects China's economy to grow 6.1% in 2019, instead of the 6.2% previously forecast

Construction workers buy snacks at a food stall in Beijing's central business district on January 18, 2019. - China's economy grew at its slowest pace in almost three decades in 2018, analysts in an AFP poll said on January 18, as the government struggles to contain ballooning debt and a bruising trade war with the United States. (Photo by GREG BAKER / AFP)

China inflation surges in September 2019 as pork prices soar

Oct 15, 2019 - 8:50 PM

Inflation in China hits 3% in September 2019, the highest since November 2013

A customer (L) shops for pork at a market in Beijing on October 15, 2019. - China's consumer inflation accelerated at its fastest pace in almost six years in September as African swine fever sent pork prices soaring nearly 70 percent, official data showed on October 15. (Photo by WANG Zhao / AFP)

China imports, exports down in September 2019 as growth cools

Oct 14, 2019 - 4:10 PM

China's imports dive 8.5% while exports drop 3.2% in September 2019, amid its trade war with the United States

MANUFACTURING. Workers produce desks at a factory in Nantong in China's eastern Jiangsu province on September 4, 2019. Photo by AFP

China inflation hits highest level in 15 months

Jun 12, 2019 - 4:55 PM

Rising pork and fruit prices lead to higher inflation in China for May 2019

A customer (L) buys meat at a market in Shenyang in China's northeastern Liaoning province on June 12, 2019. - Inflation in China rose to its highest level in more than a year in May driven by surges in pork and fruit prices due to the African swine fever epidemic and bad weather, official data showed on June 12. (Photo by STR / AFP) / China OUT

IMF slightly lowers China's 2019 GDP growth forecast to 6.2%

Jun 05, 2019 - 7:20 PM

The International Monetary Fund points to China's trade war with the United States, warning that 'growth will suffer'

This picture taken on May 14, 2019 shows workers making clothes for export at a factory in Quanzhou in China's eastern Fujian province. (Photo by STR / AFP) / China OUT

Apple's Tim Cook urges China to continue to open up its economy

Mar 23, 2019 - 6:28 PM

'We see that as essential not only for China to reach its full potential, but also for the global economy to thrive,' Tim Cook says

Businesses struggle as cracks appear in China's economy

Jan 27, 2019 - 9:30 PM

Private businesses face new hurdles as costs rise and financing becomes harder to come by

This photo taken on January 22, 2019 shows a sales representative waiting for customers in a luxury car showroom in Beijing. - Cracks are opening in China's mighty economy: investors are backing away from deals, factories are moving abroad and companies are shedding jobs.The world's second-largest economy is losing steam, hitting its slowest growth in almost three decades last year, and flagging further in recent months. (Photo by GREG BAKER / AFP)