China press review
China’s Dec factory activity returns to growth, beats forecasts: China’s factory activity grew at its fastest pace in six months in December, driven by production hikes and easing price pressures, but a weaker job market and business confidence added uncertainty, a private survey showed on Tuesday.
China’s economic policymakers doubling down on ‘stability’ for 2022 in the face of ‘threefold pressure’: Annual central economic work conference wrapped up on Friday with leaders stressing the importance of boosting demand with ‘front-loaded’ policy support.
China’s foreign trade gallops 22% from Jan-Nov, exceeding 2020’s level: China’s imports and exports surged 22 percent year-on-year in the first 11 months this year to reach 35.39 trillion yuan ($5.55 trillion), exceeding the level of trade volume seen last year (32.16 trillion yuan) thanks to better than expected performance in November, data from China Customs said on Tuesday.
Key China economic planning meeting said to be set for next week as headwinds swirl: China’s central economic work conference, where top officials meet to chart policy for year ahead, traditionally takes place at the Jingxi Hotel. Premier Li Keqiang hinted at some monetary easing and help for SMEs in a meeting with IMF chief this week.
China: The state asserts. State-driven policies will seek to rectify perceived economic excesses. China understands the importance of free market up to a certain degree, as also the long-term detrimental impacts of market failures create even more governance challenges in the long run.
OECD Economic Outlook China: Economic growth will reach 8.1% this year as the economy rebounds, but will slow to 5.1% in 2022 and 2023. The swift recovery, driven by strong exports on the back of re-opening of overseas economies and robust investment, has stalled in the second half of the year.
On October 15, China’s National Bureau of Statistics (NBS) released its main economic indicators up to October. Several indicators, namely industry value-added output, retail sales, investment, and employment, showed that economic operations continue to maintain a recovery trend, and the main macro indicators are generally within a reasonable range.
5 things to know about marketing to China’s post-95s: If there is one group that seems to hold the keys to the promised land of Chinese consumerism, it is the “post-95s”. This moniker refers to those born after 1995, also known as Gen Z in the West, who have come to redefine the Chinese economy with their individualism, their search for what being Chinese means, and their preference for authentic brands and meaningful experiences.
British Chamber of Commerce warns China’s data policies could slow innovation: China’s policy regarding data transfer and localisation are causing companies to cancel projects due to fears of compliance issues, according to a report from the British Chamber of Commerce in China published on Tuesday.
China needs ‘key reforms’ to support transition to high-quality growth, IMF says: Property deleveraging and Beijing’s regulatory tightening on Big Tech have increased policy uncertainties, and the IMF says financial risks should be clearly addressed.
Property, Covid-19 challenges to remain with China’s economic slowdown to continue in 2022: China’s economy grew by 4.9 per cent in the third quarter of 2021 compared with a year earlier, down from the 7.9 per cent growth seen in the second quarter.
Easing US-China tensions requires more dialogue: Ten months after he was sworn into office, Joe Biden has finally held a meeting with Xi Jinping. The summit was online, not face to face. But after many months of rising tensions between Washington and Beijing, the very fact that the US and Chinese leaders spoke for three hours was important.