China Services Sector Ebbs In August - Caixin

China Cuts Benchmark Lending Rates To Revive Growth

China reduced its benchmark lending rates by 25 basis points on Monday as the economic growth slowed further amid persistent deflationary pressures. The People's Bank of China cut its one-year loan prime rate to 3.10 percent from 3.35 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was lowered to 3.60 percent from 3.85 percent.

RTTNews | 2 hari yang lalu

China Economy Logs Weakest Growth Since Early 2023

China's economy grew at the slowest pace in more than a year in the third quarter despite an improvement in retail sales as the property market continued to be a major drag on growth. Gross domestic product expanded 4.6 percent on a yearly basis in the third quarter, data from the National Bureau of Statistics showed on Friday. This was the weakest growth since the first quarter of 2023.

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China Needs Fiscal Boost As Deflationary Pressures Build: Capital Economics

A near-term fiscal boost as well as a recovery in fuel prices should reduce some of the immediate deflationary risks in China but structural imbalances are set to persist, Capital Economics' economist Gabriel Ng said. Consumer price inflation softened to 0.4 percent from 0.6 percent in August, data from the National Bureau of Statistics revealed Sunday.

RTTNews | 9 hari yang lalu

China State Planner Says Exploring More Actions To Boost Growth

The Chinese government is planning more steps to support economic growth and is confident of achieving its full year economic target, the country's top state planner said Tuesday, and announced more funding initiatives for projects, but defied expectations by not unveiling any major stimulus.

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China Manufacturing PMI Falls Ino Contraction - Caixin

The manufacturing sector in China fell into contraction territory in September, the latest survey from Caixin revealed on Monday with a manufacturing PMI score of 49.3.

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China NBS Manufacturing PMI Improves To 49.8 In September

The manufacturing sector in China continued to contract in September, albeit at a slower pace, the latest survey from the National Bureau of Statistics showed on Monday with a manufacturing PMI score of 49.8.

RTTNews | 23 hari yang lalu

China Central Bank Unveils Monetary Easing Package

China's central bank announced a slew of stimulus measures as the economy struggle to achieve its growth target amid continuing property market downturn, weak domestic activity and rising deflationary pressures. At a press conference on Tuesday, People's Bank of China Governor Pan Gongsheng said the bank will reduce the reserve requirement ratio by 50 basis points.

RTTNews | 28 hari yang lalu

China Cuts Short-Term Policy Rate Unexpectedly

The People's Bank of China unexpectedly lowered its short-term policy rate by 10 basis points and pumped more liquidity into the financial system on Monday. The central bank cut the 14-day reverse repurchase interest rate to 1.85 percent from 1.95 percent. The bank injected CNY 74.5 billion via the policy tool. The bank also conducted seven-day reverse repurchase operations of CNY 160.1 billion.

RTTNews | 30 hari yang lalu

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