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Chinese economy facing major challenges, warns top planner

Chinese economy facing major challenges, warns top planner

China's economy, currently on a slowdown mode, is facing challenges in investment and trade and may have to make "arduous efforts" to attain 6.5 percent to seven percent growth target for this year, China's top economic planner warned today ahead of the G20 summit.

IMF views positive outlook for Chinese economy

China`s near-term growth outlook has improved due to recent policy support but the country needs to rein in fast credit growth to ensure economic transition on a sustainable footing, the International Monetary Fund (IMF) has said.

China`s second-quarter GDP growth steady at 6.7%

China`s second-quarter GDP growth steady at 6.7%

China`s second-quarter GDP growth remained steady at 6.7 percent, the government said Friday, slightly ahead of forecasts and suggesting stability in the world`s second-largest economy.

China's finance minister sees Brexit heightening uncertainty for markets

China's finance minister and leading economists on Sunday voiced concerns about Britain`s vote to leave the European Union, with the policymaker saying it has heightened market uncertainty, though some expect a limited impact on the Chinese economy.

China must take immediate steps to check corporate debt: IMF

China must take immediate steps to check corporate debt: IMF

China's corporate debt is a serious and growing problem and the world's second largest economy must take immediate steps to tackle this to avoid new "debt bubble", a top IMF official said on Saturday.

World leaders worried over Chinese economic situation

Finance ministers and governors from central banks of top countries have showed a rare anxiety on the implication of slowdown of the Chinese economy

China economy slows down to 6.7% amid signs of stabilisation

China economy slows down to 6.7% amid signs of stabilisation

China today said its economy continued to slow down in the first quarter this year, declining to 6.7 percent but in line with government targets amid claims by officials that several key indicators showed signs of stabilisation in the world's second largest economy.

China exports rise for first time in nine months

China exports rise for first time in nine months

Chinese exports surged in March, the first gain in nine months and the latest positive data out of the world`s number two economy, but analysts warned Wednesday`s headline figure masked ongoing weakness in overseas demand.

China Q1 GDP growth seen at 6.7%, slowest since 2009

China Q1 GDP growth seen at 6.7%, slowest since 2009

Economists say that China grew at its slowest pace since the financial crisis in the first quarter, highlighting continued downward pressure on the world`s second largest economy despite some tentative recent signs of stabilization.

World Bank projects China's economy to grow 6.7 percent

World Bank projects China's economy to grow 6.7 percent

The World Bank expects the Chinese economy to grow 6.7 percent in 2016, the bank said in a report on Monday

World Bank projects China's economy to grow 6.7%

World Bank projects China's economy to grow 6.7%

The World Bank expects the Chinese economy to grow 6.7 percent in 2016, the bank said in a report on Monday

China overcapacity darkens Asia's 2016 growth prospects: ADB

China overcapacity darkens Asia's 2016 growth prospects: ADB

Huge industrial overcapacity in China will drag on both the country`s and the region`s growth this year, the Asian Development Bank said Wednesday, cutting its forecast for the world`s second-largest economy.

 

ADB cuts Asia growth forecast to 5.7% for 2016

For China, ADB has projected growth to decline from 6.9 percent in 2015 to 6.5 percent in 2016.

Chinese state firms' profits slump due to economic slowdown

Hit by the economic slowdown, profits of China's mighty state-owned enterprises (SOEs) nosedived by 14.2 per cent to USD 34.2 billion in the first two months of this year, according to official data released on Friday

Modi's economic reforms made "little progress": Chinese paper

Modi's economic reforms made "little progress": Chinese paper

Dismissing reports about India becoming the "new growth engine of world economy", Chinese state media today said Prime Minister Narendra Modi's economic reforms have achieved "little progress" and asserted that the Chinese economy was five times bigger than the Indian economy.

Global headwinds no sign of a recession, says Moody's

Global headwinds no sign of a recession, says Moody's

The prolonged decline in oil prices and weaker expansion in Chinese economy have dimmed growth prospects of several economies, but it does not signal a threat of global recession, Moody's Investors Service said on Tuesday.

China says economy will "absolutely not" experience hard landing

China says economy will "absolutely not" experience hard landing

China`s economy isn`t headed for a hard landing and isn`t dragging on the global economy, China`s top economic planner said on Sunday, but uncertainty and instability in the global economy do pose a risk to the country`s growth

Tokyo stocks soar 2.70% at open, extending global rally

Tokyo stocks soared at the start on Wednesday, extending a global rally as investor sentiment brightened on improved US economic data.

Huge sell-off wipes out Rs 7.9L cr from investor wealth in January

Huge sell-off wipes out Rs 7.9L cr from investor wealth in January

The BSE 30-share Sensex has plummeted by 1,631.59 points or 6.24 percent to 24,485.95 so far this month. The index had hit its 52-week low of 23,839.76 on January 20.

Davos 2016: Chinese economy won't see hard landing, says Lagarde

Davos 2016: Chinese economy won't see hard landing, says Lagarde

She also said the fourth industrial revolution currently underway would bring about a major change in the world and would require change in the way GDP is calculated.