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☆ China’s Economy Barely Grows as Recovery Fades
▼ + stars: | 2023-07-16 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chinas-economy-barely-grows-as-recovery-fades-5652a92a

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☆ China’s Drop in Exports Signals Deepening Slowdown in Global Trade
▼ + stars: | 2023-07-13 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

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☆ Trade Woes in Asia Bring Inflation Relief to U.S. Consumers
▼ + stars: | 2023-06-24 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/trade-woes-in-asia-bring-inflation-relief-to-u-s-consumers-616f0314

Persons: Dow Jones Locations: asia

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/russia-disarray-means-a-moment-of-uncertainty-in-beijing-52882208

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☆ China Cuts Borrowing Rates Again in Bid to Juice Recovery
▼ + stars: | 2023-06-20 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

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☆ China Cuts Rates to Prop Up Flagging Recovery
▼ + stars: | 2023-06-15 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

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☆ China’s Central Bank Moves to Shore Up Recovery
▼ + stars: | 2023-06-13 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

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☆ China’s Inflation Problem? It Has None
▼ + stars: | 2023-06-09 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

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☆ China’s Fading Recovery Reveals Deeper Economic Struggles
▼ + stars: | 2023-05-30 | by ( Stella Yifan Xie | Jason Douglas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/worlds-biggest-tourism-spenders-arent-travelingand-may-not-for-years-3195de39

☆ Chinese Exports Cool in Latest Warning Sign on Global Trade
▼ + stars: | 2023-05-09 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

A container terminal in Lianyungang, China, earlier this month. Photo: Cfoto/Zuma PressSINGAPORE—Chinese export growth slowed in April as global trade cooled, underlining the importance of domestic spending as the main engine of the nation’s economy after three years of strict Covid-19 controls. Exports rose 8.5% in April from a year earlier, China’s General Administration of Customs said Tuesday, faster than the 6% pace expected by economists polled by The Wall Street Journal but weaker than the 14.8% year-over-year jump recorded in March.

☆ China’s Tightening Grip on Foreign Firms Risks Hitting Investment
▼ + stars: | 2023-05-03 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

Foreign investment in China will likely remain concentrated among a few big companies willing to maintain or expand their existing operations there. Photo: ROMAN PILIPEY/EPA-EFE/ShutterstockSINGAPORE—China’s moves to put pressure on foreign companies risk squeezing the flow of overseas capital its economy needs, as signs point to the country’s appeal waning as a destination for all but the largest global companies. By one measure, foreign direct investment into China dropped by almost half last year from a year earlier, hitting the lowest level in five years as Covid-19 lockdowns mauled its economy, while other gauges suggest the world’s second-largest economy is struggling to attract corporate newcomers.

☆ Chinese Travelers Swarm Domestic Tourist Sites, a Positive Sign for Economy
▼ + stars: | 2023-05-03 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

Crowds in the departure hall of a railway station in Hangzhou, China, ahead of the so-called Golden Week holiday. Photo: Qilai Shen/Bloomberg NewsSINGAPORE—Chinese travelers hit the road en masse and thronged tourist spots in their vast country during the annual Labor Day holiday, an encouraging sign that the country’s consumer-led economic rebound is powering ahead even as factories start to struggle. For many Chinese, the excitement of the five-day break around May 1, which commemorates the labor movement in much of the world, was another sign of life returning to normal after the rigors of the pandemic.

☆ China’s Consumers Lead Recovery in April
▼ + stars: | 2023-04-30 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

A rebound in China is essential to support global economic growth this year. Photo: Kevin Frayer/Getty ImagesSINGAPORE—Activity in China’s services sector grew at a healthy pace in April, a sign that Chinese consumers continue to drive the country’s economic rebound as its factory sector quickly decelerates. China’s official purchasing managers index for the nonmanufacturing sectors of the economy—that is, services and construction—came in at 56.4 in April, a weaker reading than March’s 58.2 level but still comfortably above the 50 mark that separates expansion from contraction, according to data released Sunday by China’s National Bureau of Statistics.

☆ China Celebrates Economic Recovery, Pledges More Help on Jobs
▼ + stars: | 2023-04-28 | by ( Jason Douglas | ) www.wsj.com time to read: +1 min

China’s Politburo says it aims to strengthen the country’s lead in electric vehicles with brands such as Leapmotor, whose cars are assembled at a factory in Jinhua, China. Photo: CHINA DAILY/via REUTERSSINGAPORE—The top policy-making body of China’s Communist Party pledged to nurture the country’s economic recovery after better-than-expected growth in the first quarter of the year, signaling optimism over the outlook for the economy while acknowledging problems such as local-government debt and youth joblessness. The world’s second-largest economy is expected to expand at a healthy clip this year after Beijing ditched its strict approach to controlling Covid-19 late last year. The upbeat projections offer support to a global economy beset by slowing growth in the U.S. and Europe as rising interest rates, stubborn inflation and the specter of financial-sector instability bear down on consumer and business spending.

☆ China Consumer Price Growth Eases, Reflecting Caution on the Economy
▼ + stars: | 2023-04-11 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

☆ Ukraine War and Inflation to Limit Global Trade Growth in 2023, WTO Says
▼ + stars: | 2023-04-05 | by ( Yuka Hayashi | Jason Douglas | ) www.wsj.com time to read: 1 min

The war in Ukraine and stubborn inflation around the world are expected to hold back growth in global trade this year, restraining the pace of economic recovery even as the world emerges from the height of the pandemic. The World Trade Organization said Wednesday the volume of world merchandise trade is expected to expand 1.7% this year, following 2.7% growth in 2022. This year’s forecast falls well below the average annual growth rate of 2.6% since a trade slump after the 2008 financial crisis.

☆ China’s Consumers Extend Economic Rebound From Pandemic
▼ + stars: | 2023-03-31 | by ( Jason Douglas | Stella Yifan Xie | ) www.wsj.com time to read: 1 min

A rebalancing of the Chinese economy toward consumption will require policy makers to take steps to boost household incomes, economists say. SINGAPORE—A gauge of activity in China’s services sector reached its highest level in more than a decade in March, a sign that Chinese consumers are heading back to stores and restaurants, powering an economic recovery following the end of almost three years of strict Covid-19 controls. The reading represents a promising signal for the global economy, which depends on Chinese consumers to prop up growth this year as their counterparts in the U.S. and Europe battle rising interest rates, high inflation and the prospect of a squeeze on lending following turmoil in the banking sector.

☆ China Boosts Lending to Struggling Belt and Road Borrowers
▼ + stars: | 2023-03-28 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

SINGAPORE—China’s emergency support for borrowers from its Belt and Road infrastructure program has ballooned as foreign governments struggle under heavy debts, highlighting the extent of Beijing’s bad loan problem as it works to overhaul its overseas lending strategy. The scale of China’s often-opaque assistance to borrowers in distress means Beijing has effectively established a new system for international rescue lending that exists alongside the International Monetary Fund and other Western institutions, according to new research published by the World Bank.

☆ U.S. Bank Failures Pose Risk to Global Growth
▼ + stars: | 2023-03-26 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

Photo: Bryan Banducci for the Wall Street JournalMany economists expected a significant downturn in global economic growth this year even before Silicon Valley Bank collapsed. SINGAPORE—Turmoil in the U.S. banking sector isn’t just a problem for the U.S. It also increases the risks of a global recession. Many economists expected a significant downturn in global economic growth this year even before U.S. lender Silicon Valley Bank collapsed, because of an expected pullback in spending and investment in the U.S. and Europe amid climbing interest rates.

On a recent trip to Mexico, a small delegation of China-based business executives got a lavish welcome, meeting with a parade of top officials, including the country’s foreign minister, its finance minister, Mexico’s ambassador to China and provincial heads of government. The elite interest in the visit highlights how countries are jostling to grab a piece of China’s manufacturing action as tariff battles, the pandemic and worsening U.S.-China ties jolt companies into reordering global supply chains. Executives are circling the globe looking for factory space or local tie-ups to reduce their dependence on China and its vast factory floor—and governments are pulling out the stops to welcome them.

☆ Manufacturers Move Back to China as Renewal of U.S. Trade Deal Is Delayed
▼ + stars: | 2023-03-17 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

SINGAPORE—Adam and Amy Fazackerley shifted production of their drawstring organizers for cosmetics and travel to Cambodia from China in 2019 in response to U.S. tariffs aimed at curbing Chinese imports. Now they have started moving orders back to China. The reason: The U.S. hasn’t renewed a decades-old trade deal for developing countries. Their imports from Cambodia now face tariffs, too, crushing profit at their company Lay-n-Go LLC , based in Alexandria, Va. Cheaper shipping costs in China and its unmatched ability to manufacture huge numbers of products quickly mean they can’t afford not to go back.

☆ China’s Economy Rebounds, Spurred by Consumption
▼ + stars: | 2023-03-15 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

A pickup in retail sales suggests consumption is taking over as China’s engine of growth. SINGAPORE—Economic activity in China rebounded in January and February as the country emerged from almost three years of tough Covid-19 controls, adding to signs of resilience in the global economy after the sudden collapse of two U.S. banks unnerved investors. The data suggest China’s expected recovery is broadly on track after posting one of its weakest years for growth in decades in 2022. A pickup in retail sales suggests consumption is taking over as the engine of growth while factories contend with sinking exports and the real-estate sector shrinks, figures published Wednesday show.

Singapore saw an influx of around 2,800 rich foreigners from all countries in 2022, according to an estimate. SINGAPORE—Well-heeled Chinese are leaving China for Singapore, attracted by the city-state’s low taxes and high-quality education, amid anxiety over China’s direction under leader Xi Jinping . The trend is set to accelerate, according to relocation consultants and lawyers, as China’s reopening allows for freer movement across the country’s borders, making it easier for wealthy individuals to move their families overseas and manage their assets from abroad. The shift follows almost three years of strict Covid-19 controls that all but cut China off from the outside world.

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