Latest news with #ChinaEconomy
Bloomberg
5 hours ago
- Business
- Bloomberg
China Shrugs Off Tariffs But Not its Property Slump
I'm Malcolm Scott, international economics editor in Sydney. Today we're looking at China's property drag. Send us feedback and tips to ecodaily@ And if you aren't yet signed up to receive this newsletter, you can do so here. China's export engines continue to defy President Donald Trump's tariff campaign. But more worryingly for policy makers in Beijing, the years-long property slump may be worsening again, with no end in sight.
Reuters
8 hours ago
- Business
- Reuters
China's fiscal revenue falls 0.3% in January-May period
BEIJING, June 20 (Reuters) - China's fiscal revenue shrank 0.3% in the first five months of 2025 from a year earlier, narrowing a 0.4% decline in the January-April period, finance ministry data showed on Friday. Fiscal expenditure was up 4.2% in the first five months, versus a 4.6% gain in the first four months.
South China Morning Post
14 hours ago
- Business
- South China Morning Post
Hong Kong stocks gain as PBOC's benchmark-rate choice spurs optimism on economy
Hong Kong stocks rose on Friday, paring the week's losses as China's decision to stand pat on a benchmark interest rate offered optimism that a recovery in the world's second-largest economy would hold up. Advertisement The Hang Seng Index climbed 0.6 per cent to 23,372.46 as of 10.10am local time, trimming the weekly loss to 2.1 per cent. The Hang Seng Tech Index gained 0.5 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index added at least 0.1 per cent. Sunny Optical Technology Group advanced 3.7 per cent to HK$65 and sportswear maker Li Ning rallied 2.8 per cent to HK$15.42. China Life Insurance added 2.5 per cent to HK$18.20. Alibaba Group Holding rose 0.4 per cent to HK$110.40. China left the one-year loan prime rate at 3 per cent this month, and the five-year rate at 3.5 per cent, according to the central bank. The People's Bank of China has refrained from cutting the interest rate aggressively, stirring expectations that the economy has been riding out headwinds such as tariffs from the US and a downturn on the property market. Other major Asian markets were mixed. Japan's Nikkei 225 slipped 0.1 per cent and Australia's S&P/ASX 200 lost 0.7 per cent, while South Korea's Kospi rose 0.9 per cent. Advertisement
CNA
14 hours ago
- Business
- CNA
China keeps benchmark lending rates unchanged as expected in June
SHANGHAI: China kept benchmark lending rates unchanged as expected on Friday, after Beijing rolled out sweeping monetary easing measures a month earlier to support the economy. The one-year loan prime rate (LPR) was kept at 3.00 per cent, while the five-year LPR was unchanged at 3.50 per cent. Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages. In a Reuters poll of 20 market participants conducted this week, all participants predicted no change to either of the two rates. Last month, China lowered LPRs for the first time since October, while major state banks lowered deposit rates as authorities cut borrowing costs to help buffer the economy from the impact of the Sino-U.S. trade war.
Reuters
15 hours ago
- Business
- Reuters
China keeps benchmark lending rates unchanged as expected in June
SHANGHAI, June 20 (Reuters) - China kept benchmark lending rates unchanged as expected on Friday, after Beijing rolled out sweeping monetary easing measures a month earlier to support the economy. The one-year loan prime rate (LPR) was kept at 3.00%, while the five-year LPR was unchanged at 3.50%. Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages. In a Reuters poll of 20 market participants conducted this week, all participants predicted no change to either of the two rates. Last month, China lowered LPRs for the first time since October, while major state banks lowered deposit rates as authorities cut borrowing costs to help buffer the economy from the impact of the Sino-U.S. trade war.
