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China Economy

China's Exports Surge as Trade Tensions Rise

China's exports surged in December, Reuters reports, ending the year on a strong note even as trade tensions with the United States escalate. This comes as President-elect Donald Trump prepares to take office, threatening to impose tariffs on Chinese goods and potentially reigniting a trade war. Outbound shipments

China's Inflation Nears Zero Despite Stimulus Efforts

China's consumer inflation weakened further in December, ending the year near zero and extending a four-month deceleration, Bloomberg reports. This setback dampens the impact of government stimulus aimed at combating deflation and boosting demand. The consumer price index (CPI) rose just 0.1% year-on-year, matching the median forecast

China to Sharply Increase Treasury Bond Funding to Spur Growth in 2025

China plans to significantly increase funding from ultra-long treasury bonds in 2025 to stimulate business investment and consumer spending, Nikkei Asia reports. This move aims to revitalize the faltering economy. Yuan Da, deputy secretary-general of the National Development and Reform Commission (NDRC), announced the plan at a press conference. Special

China's Premier Calls for Swift Action to Boost Economy

China's leadership is urging local governments to act decisively to ensure a strong economic start to 2025, Premier Li Qiang stated, as reported by South China Morning Post. The call comes amid growing concerns about China's ability to sustain economic growth, given rising global uncertainties and

China's Central Bank Embarks on Historic Monetary Policy Overhaul

China's central bank is planning a major shift in its monetary policy, moving towards a more internationally aligned system based on interest rates, the Financial Times reports. This move aims to bring China's monetary policy closer to the practices of central banks like the US Federal

China Expands Consumer Subsidies to Boost Electronics Sales

China is expanding its consumer subsidy program to include smartphones, tablets, and smartwatches, in a bid to revitalize sluggish consumer spending, according to a Friday announcement by the National Development and Reform Commission (NDRC), as reported by the Wall Street Journal. The NDRC stated that the program, which currently incentivizes

China's Factory Growth Stumbles as US Trade Fears Weigh

China's factory activity expanded at a slower-than-anticipated pace in December, as overall sales were dampened by weakening export orders amid growing concerns about the trade outlook, as reported by the South China Morning Post, citing a private sector survey released Thursday. The Caixin/S&P Global manufacturing

Trade War Could Trigger China's "Deflation Export" to Europe: Knot

The potential for a US-China trade war looms large, with the incoming Trump administration threatening tariffs that could have significant repercussions for the global economy, including the risk of China "exporting deflation" to Europe by selling goods at discounted prices, according to European Central Bank Governing Council member

China's Manufacturing Resilience Continues: Reuters Poll Shows 3rd Month of Expansion

China's manufacturing sector likely expanded for a third consecutive month in December, according to a Reuters poll of 28 economists. The official purchasing managers' index (PMI) is forecast to hold steady at 50.3, marking the third month above the 50-point threshold that indicates growth, as reported

China, Nigeria Extend $2 Billion Currency Swap to Boost Trade, Reduce Dollar Reliance

China and Nigeria have renewed their three-year, 15 billion yuan ($2 billion) currency swap arrangement, aiming to deepen financial cooperation and reduce reliance on the US dollar for bilateral transactions. The People's Bank of China, as reported by Bloomberg, announced the renewal on Friday, stating that the currency