News China: China's economy grew at a 4.3% annual pace in the 2nd quarter, slowest since late 2022
HONG KONG (AP) — China’s economy slowed sharply to a 4.3% annualized pace of growth in the April-June quarter, the government said Wednesday, the weakest in over three years. The official data fell short of forecasts and was far below the economy's strong 5% pace of growth in January-March, despite a surge in exports driven partly by the boom in ar...
News China: China Posts Strongest Export Growth Since 2021 Despite Slowing Economy
China's exports climbed 27 percent in June-the fastest annual pace since October 2021-driven by surging semiconductor and computing equipment demand.
News China: China's economy grows 4.3% in Q2, slowest since late 2022
Lagging consumer spending and business investment offset the boost from strong exports thanks partly to the boom in artificial intelligence.
News China: China’s economy grows at weakest pace since 2022
The country’s surging exports, buoyed by the artificial-intelligence boom, failed to compensate for a struggling domestic economy and sluggish consumer spending.
News China: China Market Update: Happy Days Are Here Again
Forbes contributors publish independent expert analyses and insights. I am the CIO of KraneShares, a China-focused ETF provider. Asian stocks surged overnight on easing United States–China ...
News China: China Markets
The latest on Chinese stocks and markets from CNBC.com.
News China: China's second-quarter economic growth misses market forecast
July 15 (Reuters) - China's economic growth slowed sharply to 4.3% in the second quarter from a year earlier, official data showed on Wednesday, missing analysts' expectations as weak domestic demand and the oil shock tied to the Iran war outweighed stronger production and exports. Analysts polled by Reuters had forecast the April-June quarter gross domestic product (GDP) would expand 4.5% from a
News China: China’s crude buying pause has helped cushion the market. That might be changing.
A prolonged slump in China’s crude buying might be nearing an end, removing a key cushion for the global oil market just as renewed U.S.-Iran tensions put Gulf supplies at risk once again.
News China: UBS pins China coal price surge on Shanxi mine disaster and safety crackdown
UBS has linked a sharp rise in Chinese coal prices to a fatal mine disaster and the safety crackdown that followed. Prices of metallurgical coal, the coking coal used to make steel, are up about 33% since March, while thermal coal, burned for power, has risen around 15%. The trigger was a...
News China: China's coking coal imports set to rise as Shanxi mine disaster hits supply, traders say
By Amy Lv and Ruth Chai SINGAPORE June 19 (Reuters) - China's imports of coking coal, a steelmaking ingredient, are set to rise further this year after a fatal mine accident reduced domestic supply, traders said. Chinese importers have turned to producers such as Canada and Australia for delivery in June and July after 155 coal mines in the northern Chinese province of Shanxi, its largest coal
News China: U.S., China sign agreement to cooperate on financial stability
The U.S. and China have signed agreements for cooperating on financial stability, according to a People's Bank of China readout Monday. The agreement was part of a meeting of the U.S.-China Financial ...
News China: China's Xi pledges over $50 billion in financial aid to Africa to deepen ties
Chinese President Xi Jinping said Thursday that China will provide 360 billion yuan (more than $50 billion) in financial support to Africa over the next three years. Xi spoke on the second day of the ...
News China: HSBC Reportedly Exits China Credit Card Business amid Growth Struggles
HSBC Holdings PLC (GB:HSBA) has reportedly exited its credit card business in China after facing challenges in achieving growth after eight years of launch. According to Reuters, the bank has halted the issuance of new cards and is in the process of gradually phasing out the service for the majority of its customers in China.Don't Miss our Black Friday Offers:Unlock your investing potential with TipRanks Premium - Now At 40% OFF!Make smarter investments with weekly expert stock picks from the Smart Investor NewsletterHSBC Holdings is a global bank that serves approximately 42 million customers globally. Notably, it is one of Europe’s largest banks by assets.HSBC Pulls the Plug on China Credit CardsAs per the sources cited by Reuters, HSBC was unable to sell its credit card business, leading to the decision to close it down. Further, plans are still in the finalization stage and HSBC will continue servicing credit cards for a select group of upscale clients.Meanwhile, HSBC’s credit card customers in China who do not have other banking accounts with the bank will not be able to renew their cards when they reach their expiration date.Asia remains a key focus for HSBC, as it generates the majority of its profits from this region. However, intense competition and macroeconomic challenges have made it difficult for global banks to expand their presence in Asia. Additionally, the newly elected U.S. President Donald Trump’s plan to impose an extra 10% tariff on all goods from China has added further uncertainty and increased geopolitical risk.Are HSBC Shares a Good Buy?According to TipRanks’ consensus, HSBA stock has received a Moderate Buy rating based on a total of eight recommendations. It includes three Buy and five Hold ratings from analysts. The HSBC share price target is 755.11p, which is 3% above the current trading level.Year-to-date, HSBC shares have gained over 16.3% in trading.See more HSBA analyst ratings.Disclosure
News China: HSBC to Close China Credit Card Business Amid Expansion Struggle
HSBC Holdings PLC HSBC plans to close its credit card operations in China as it faces challenges to achieve growth and profitability in the region. This was reported by sources with knowledge of the ...
News China: Jiangxi University of Finance and Economics (JUFE)
The Nature Index tracks the affiliations of scientific articles from high-quality publications. The research profile for Jiangxi University of Finance and Economics (JUFE) reflects the research output of authors from Jiangxi University of Finance and Economics (JUFE) who published articles in the 145 journals included in the Nature Index during the current 12-month rolling window.
News China: Shandong Xinhua’s Mixed Financial Performance in 2024
Shandong Xinhua Pharmaceutical Company Limited Class H (HK:0719) has released an update.Shandong Xinhua Pharmaceutical Company Limited reported a slight increase in operating income for the first nine months of 2024, reaching approximately RMB 6.73 billion, a 3.64% rise from the same period last year. However, the net profit attributable to shareholders saw a downturn, dropping by 12.22% to around RMB 344 million. Despite the decline in net profit, the company achieved a significant boost in net cash flow from operating activities, which surged by 233.45%.For further insights into HK:0719 stock, check out TipRanks’ Stock Analysis page.
News China: China's middle class is 'shadow saving' — hoarding cash instead of spending — and it could be a problem for Americans
China’s middle class is sitting on a mountain of cash, but they’re refusing to spend it. Bank deposits are surging, interest rates are near zero, and yet households are tightening their wallets.
News China: China’s middle class is quietly stockpiling cash — 'shadow saving' — and it could short-circuit the global economy
On paper, China’s middle class should be spending. Savings are high. Bank deposits are swelling. Interest rates are falling. If anything, conditions look primed for a consumer boom. Instead, something ...
