A sociologist has suggested that people in China’s rural areas are losing faith in higher education to improve their lives, prompting widespread discussion among academics and the media over the Lunar New Year holiday. “A new ‘education is useless’ sentiment has emerged in rural areas,” Huang Lifen, a lecturer at Shaanxi Normal University in the…
(Bloomberg) — China’s consumer inflation accelerated for the first time since August, caused by a burst of household spending around the Lunar New Year holiday even as deflationary pressures persist. Most Read from Bloomberg The consumer price index rose 0.5% in January from a year earlier, the National Bureau of Statistics said Sunday, compared with…
HONG KONG (AP) — Manufacturing slowed in China in January for the first time in four months as workers began leaving assembly lines to travel to their hometowns for Lunar New Year holidays. The National Bureau of Statistics said its purchasing managers index, based on a survey of factory managers, slipped to 49.1 in January…
Resilience has become a hallmark of China’s economic strength in the face of challenges to recent growth targets. It has stood it in good stead once again in 2024, going by yearly economic figures from the National Bureau of Statistics. This sets a positive tone for the final year of the 14th five-year plan and…
Hong Kong stocks trimmed the gains spurred by official data showing China’s fourth-quarter growth exceeded expectations, as investors weighed the sustainability of the recovery. A plunge in China Vanke, the nation’s biggest property developer by revenue, also tempered sentiment. The Hang Seng Index added 0.3 per cent to 19,584.06 at the close, paring a gain…
BEIJING (Reuters) -China’s industrial profits fell at a slower clip in November, official data showed on Friday, offering some respite to an embattled sector even as persistently soft domestic demand delays a recovery. The world’s second-largest economy has been struggling to mount a strong post-pandemic revival, as business and household appetites for spending and investment…
BEIJING (Reuters) -China’s new home prices fell at the slowest pace in 17 months, official data showed on Monday, as the government scaled up stimulus measures to lift the crisis-hit property sector. New home prices were down 0.1% month-on-month after a 0.5% dip in October, the slowest pace since June last year, according to Reuters…
Hong Kong stocks dropped from a four-week high after an official report showed that China’s deflationary pressure is lingering, as investors look ahead to a key economic policy meeting. The Hang Seng Index fell 0.6 per cent to 19,753.26 at the noon break. The Hang Seng Tech Index also slipped 0.6 per cent. China’s CSI…
BEIJING (Reuters) -China’s factory activity expanded modestly for a second straight month in November, an official survey showed on Saturday, adding to a string of recent data suggesting a blitz of stimulus is finally trickling through the world’s second-largest economy. The National Bureau of Statistics purchasing managers’ index (PMI) on Saturday rose to 50.3 –…
BEIJING (Reuters) – China’s consumer prices rose more slowly in October, while producer price deflation deepened, even as Beijing doubled down on stimulus policies to prop up its sputtering economy. China unveiled a 10 trillion yuan ($1.4 trillion) package on Friday to ease local government “hidden debt” burdens, rather than directly injecting money into the…