Chinese Economy News
China hikes tariffs on US goods to 84% from 34% effective April 10, six entities added to ‘unreliable list’
China will hike the additional tariffs on products imported from the United States to 84 per cent effective Thursday, state-run Xinhua news agency reported, quoting the Customs Tariff Commission of the State Council.
2 min read9 Apr 2025China GDP growth forecast slashed to 4.2% from 4.7% for 2025: Citi flags external risks over tariff hikes
China GDP growth forecast: Citi cut China’s GDP growth forecast to 4.2 per cent from 4.7 per cent for 2025 amid the ongoing recession worries triggered by Trump tariffs.
2 min read8 Apr 2025It’s a good time to be an astrologer in China
In the face of hardship, the country’s youth are embracing superstition
2 min read28 Mar 2025China’s cabinet pledges to boost spending, attract foreign investment
The State Council said it will work to increase residents’ incomes, promote sustainable income growth and expand property-related income channels, all of which are aimed at stimulating domestic consumption.
1 min read11 Feb 2025Trump keeps China guessing on tariff threats
The president postponed what appeared to be a looming clash on trade and expressed a willingness to talk business, but he remains critical of Beijing.
5 min read22 Jan 2025China reports robust 2024 growth after wobbles prompt stimulus
China said that its economy expanded by 5% last year, but a variety of weak signals have raised skepticism among some outside economists.
4 min read17 Jan 2025China’s central bank injects near-record amount of liquidity into banking system
The People’s Bank of China pumped about $131 billion worth of liquidity via seven-day reverse repurchase agreements.
2 min read15 Jan 2025China’s economy has not peaked
The dynamism that characterized China’s economy over the last three decades seems to be missing
4 min read1 Jan 2025China moves to Trump-proof its economy
For the second time this week, officials promise a fiscal and monetary boost as trade conflict looms
3 min read12 Dec 2024Beijing shifts stance on economy, but words alone won’t be enough
Markets might hope for a stimulative silver bullet from Beijing, but the reality is more complex.
2 min read10 Dec 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared