The manufacturing sector continued to weaken as 2018 came to a close, according to a key monthly gauge, with indicators such as output and new orders signaling that China’s economic slowdown will likely extend well into the new year. The official Purchasing Managers’ Index (PMI) dropped 0.6 points to 49.4 in December, beneath the 50 […]
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China hopes that it can work alongside the US to put into action the “important consensus” reached at the G20 summit in November, President Xi Jinping told his US counterpart this weekend, suggesting greater efforts to make progress in thawing trade tensions. In a call to celebrate 40 years of diplomatic relations between the two […]
The pace of reform will not slow and the country will continue to open its markets, said President Xi Jinping in his annual New Year message, as the Chinese economy faces a mountain of headwinds in coming months. The President’s speech, broadcast throughout China on all major state media platforms, hailed the government’s progress in […]
China’s top legislature has agreed to let local governments use up part of their annual bond quotas ahead of the usual schedule, in another bid to aid funding for important state-run projects. The Standing Committee of the National People’s Congress (NPC) signed a bill allowing local governments to issue Rmb 1.39 trillion ($209 billion) in […]
China is arranging talks with India to address the latter’s concerns regarding an Asian free trade pact led by Beijing, sources told Bloomberg. The Regional Comprehensive Economic Agreement, which incorporates 16 Asian countries, has met roadblocks from some signatories who fear that the conditions will unfairly benefit Chinese exports without meeting demands for greater cross-border […]