Tag: China
Huawei Sees Profit Jump 564%
Huawei Technologies’ net profit rose 564% to 19.65 billion yuan ($2.71 billion) in the first quarter, according to a regulatory statement by its parent firm. [more…]
China EV Exports Reach New Records
In March, China’s exports of passenger cars reached a record-breaking 406,000 units, up 39% YoY. Of those, almost 120,000 were new-energy vehicles (NEVs), which equates [more…]
China GDP Growth 5.3% in Q1, Beats Estimates
China’s economy exceeded forecasts in the first quarter, with a 5.3% annual growth in GDP, fueled by robust exports and manufacturing investment. Reduced domestic demand [more…]
Largest Cut to Key Mortgage Rate Since 2019
China has lowered its prime loan rate for five-year loans by 25 basis points, to 3.95%, which is the biggest decrease since 2019. By lowering the [more…]
Scores of Chinese Stocks Removed From MSCI Index
MSCI is removing dozens of Chinese companies from its global benchmarks following a broad market decline. The index provider deleted 66 Chinese stocks from the indexes, the [more…]
New Yuan Bank Loans Hit Record High
Chinese banks granted a record number of new loans in January demonstrating Beijing’s attempts to stabilise development in the second-largest economy in the world. At [more…]
PBOC Cuts Reserve Ratio By 50 Basis Points
Starting on February 5, the reserve requirement ratio (RRR) for financial institutions will be lowered by 0.5 percentage points by the Chinese central bank, resulting [more…]
New Stock Market Stabilization Measures Discussed
Early on Tuesday, Chinese stocks surged as policymakers discussed a set of steps to steady the falling market. Authorities are attempting to raise roughly 2 trillion [more…]
Premier Li Qiang: China GDP Grows 5.2%
According to Premier Li Qiang’s statement on Tuesday at the World Economic Forum in Davos, Switzerland, China’s GDP is predicted to rise by 5.2% in [more…]
China Trade Data for 2023 Released
China’s foreign trade value dropped by 5% to USD5.9 trillion last year, with exports falling by 4.6% to USD3.38 trillion and imports by 5.5% to [more…]
