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China Economy

China's Record Trade Surplus May Fuel Tensions

China's trade surplus is on track to reach a record-breaking $1 trillion this year, a development that could exacerbate trade tensions with the US and other major economies, reports Bloomberg. The widening trade surplus, which reached $785 billion in the first ten months of 2024, represents a 16%

Saudi Crude Oil Supply to China to Fall in December on Weak Demand

Saudi Arabia's crude oil supply to China is set to decline to around 36.5 million barrels in December, marking the second consecutive monthly decrease and the lowest volume since July, according to trade sources cited by Reuters. The decline is attributed to weak demand from the world&

China Unveils $837 Billion Debt Swap to Tackle Local Government Risks

China is taking a major step to address the growing risk posed by local government debt, announcing a plan to swap 6 trillion yuan ($837.7 billion) in off-balance sheet or "hidden" debt for bonds over the next three years, reports Reuters. The move comes as China'

China's Stock Rally May Have Legs, Says Goldman Sachs

Chinese stocks are showing signs of life again after a volatile year, and this time, the rally may have staying power, according to a note published by Goldman Sachs. Despite recent gains fading after a September surge, the bank suggests that several factors point to further upside potential in Chinese

Chinese Think Tank Floats $280 Billion Stock Market Stabilization Fund

A prominent Chinese policy think tank has recommended the establishment of a massive 2 trillion yuan ($280 billion) stock market stabilization fund to be financed by special treasury bonds, reports Reuters. The proposal, outlined in a quarterly economic report by the Institute of Finance & Banking, affiliated with the prestigious

Investors Shun China in Emerging Markets, Embrace 'Ex China' Funds

A growing wave of investors are turning their backs on China within the emerging markets landscape, opting for funds that exclude the world's second-largest economy, reports the Financial Times. This shift, fueled by concerns over escalating geopolitical tensions and the potential for sanctions, marks a significant change in

IMF Cuts China Growth Forecast, Warning of Worsening Property Crisis

China's growth forecast for 2024 has been downgraded by the International Monetary Fund (IMF), which cites a deepening property crisis as a key risk to the global economic outlook, CNBC reports. The organization now predicts China's economy will expand by 4.8% this year, down 0.

Can China Spend Its Way Out of a Slump?

China's economic engine is sputtering. The property market is frozen, prices are deflating, and a record number of young people can't find jobs. Faced with the crisis, Beijing is abandoning its cautious approach and vowing to unleash a wave of fiscal stimulus - injecting an estimated
Can China Spend Its Way Out of a Slump?

China's Economic Path: A Sizeable Fiscal Package is Key

China should issue at least 10 trillion yuan (US$1.4 trillion) worth of long-term special treasury bonds to boost consumption and help local governments pay off debt, according to leading Chinese economist Mao Zhenhua, founder of the China Chengxin Credit Rating Group. This bold proposal, reported by the SCMP,

China's Stimulus Rally: Will It Last?

China's stock market has surged over 25% in a nine-day winning streak, fueled by Beijing's recent announcements of economic support, as reported by CNBC. The CSI 300 blue-chip index popped over 8% on Monday, its best day in 16 years, before markets closed for a week-long