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China Economy

China Expands Local Bond Funding to Boost Non-Real Estate Growth

China is broadening the use of special bond funding by local governments to stimulate economic growth beyond the struggling property market, reports Nikkei Asia. The State Council, China's cabinet, announced on Wednesday that proceeds from special bond issues can now be used for a wider range of projects,

China Housing Slump Deepens as Rents Hit 4-Year Low Amidst Oversupply

China's housing market continues to struggle, with average rents across 100 major cities plummeting to a four-year low in November, as reported by Nikkei Asia. This trend, driven by oversupply and a weak job market, threatens to further exacerbate the country's prolonged property slump. Research firm

China Holds Interest Rates Steady, Drains Record Liquidity Amidst US Trade Uncertainty

China's central bank, the People's Bank of China (PBOC), has refrained from cutting interest rates and drained a record amount of cash from the financial system, signaling a cautious approach as the country navigates rising trade tensions with the US. The PBOC maintained the interest rate

China to Continue Housing Market Stabilization in 2025

China will continue its efforts to stabilize its real estate market and prevent further declines in 2025, according to Reuters, citing a report from China Construction News based on a recent work conference held by the housing regulator. The report detailed the government's plans to address the ongoing

China to Boost Fiscal Support for Consumption in 2023

China will significantly increase fiscal support for consumption next year, aiming to stimulate domestic demand and drive economic growth, according to a statement released by the finance ministry on Tuesday, as reported by Reuters. The ministry, following a two-day national fiscal work conference, outlined a series of measures designed to

China Urged to Curb Overinvestment in Inefficient Infrastructure

A Beijing-based think tank, Anbound, has called for a curb on China's overinvestment in large, inefficient infrastructure projects. As reported by the South China Morning Post, the think tank argues that outdated practices, rather than true economic need, are the root cause of this issue. At a recent

High Interest Rates Squeeze Russia's Railway Industry, Impacting China Trade

Sanctions and Russia's war in Ukraine are creating a perfect storm for Russia's railway industry, severely impacting its crucial trade channel with China, reports Business Insider. The Russian railway sector is experiencing its most significant slowdown since the Great Financial Crisis, according to an analysis by

EU Tariffs Weigh on China's Electric Vehicle Exports, Causing 42% Value Plunge

Chinese electric vehicle (EV) exports plummeted in November, reaching their lowest point since July 2022, driven by a confluence of factors including new European Union tariffs, weakened demand in emerging markets, and intensifying price competition, according to the latest detailed customs data released by Chinese authorities. The value of EV

China's Central Bank Steps Up Yuan Support After Fed Move

China's central bank has stepped in to support the yuan after the US Federal Reserve's latest interest rate decision sent the dollar soaring, reports Nikkei Asia. The People's Bank of China (PBOC) set the yuan's reference rate at 7.1911 per dollar

Trump Tariffs Could Cut China's Growth by More Than Half: Report

The potential impact of President-elect Donald Trump's proposed tariffs on Chinese imports could be devastating for the Chinese economy, potentially pushing its growth rate below 2% by 2035, warns a new report from the Japan Center for Economic Research (JCER). The report, released Wednesday, outlines two scenarios: a