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☆ China's new home prices rise in Jan for first time in a year
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +2 min

More major cities among the 70 surveyed by NBS reported increases in new home prices last month, with prices rising in 36 cities, up from 15 in December. Analysts see rising home prices as a positive sign, but believe more stimulative policies are needed to lift currently dismal demand and spark a longer-term recovery. The property sector, once an engine of the world's second-largest economy, has been hobbled by fragile demand and developers' mounting debt defaults. Prices were down 1.5% year-on-year in January, with the rate of decline unchanged from December. "The roots of the crisis in China's property sector lie in the worsening long-term outlook for demand," said Mark Williams, chief Asia economist at Capital Economics.

☆ China's factory prices fall as manufacturing struggles to recover
▼ + stars: | 2023-02-10 | by ( Joe Cash | ) www.reuters.com time to read: +4 min

[1/2] Employees work at the production line of aluminium rolls at a factory in Zouping, Shandong province, China November 23, 2019. The drop in factory gate prices was unexpected because China's economic activity returned to growth in January. The official purchasing managers' index (PMI), which measures manufacturing activity, crossing the 50-point threshold for the first time since September. Falling input prices, including chemicals, as well as lower crude oil and domestic coal prices contributed to the greater-than-expected decline. Core inflation, which excludes food and energy prices ticked up to 1.2% last month from an annual gain of 0.7% in December.

☆ Tourism is roaring back in China. But the $6 trillion consumer market is digging itself out of a deep slump
▼ + stars: | 2023-01-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

He's hopeful business improves this year – and allows Rêver to recoup the roughly 35% in revenue it lost last year. Within a retail sales slump of 0.2% to 43.97 trillion yuan ($6.28 trillion), catering sales dropped by a steeper 6.3%. He expects 7% year-on-year growth in retail sales. Hainan's recovery plansHainan, a tropical province aiming to be a duty free shopping destination, announced a goal for 10% growth in retail sales this year. That's after its retail sales fell by 9.2% last year.

☆ Instant View: China's economy slows sharply in Q4, 2022 growth one of the worst on record
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +10 min

As a result, the Chinese economic growth rate will be below the Chinese government's target of 5% plus." This could weigh on their potential economic growth in the mid-and long-term, and we really need to be paying attention to that." MARCO SUN, CHIEF FINANCIAL MARKET ANALYST, MUFG BANK (CHINA), SHANGHAI"China's Q4 and full-year 2022 GDP growth rates came in higher than expected. Economic growth will have to depend more on productivity growth, which is driven by government policies." IRIS PANG, GREATER CHINA ECONOMIST, ING, HONG KONG"The biggest surprise is the retail sales number, which is really a big beat...

Analysts polled by Reuters had predicted new yuan loans would drop to 1.1 trillion yuan in December from 1.21 trillion yuan the previous month. New bank lending hit a record 21.31 trillion yuan in 2022, up from 19.95 trillion yuan in 2021 - the previous record. Broad M2 money supply grew by 11.8% in December from a year earlier, central bank data showed, below estimates of 12.2% forecast in the Reuters poll. Outstanding yuan loans grew by 11.1% in December from a year earlier compared with 11.0% growth in November. In December, TSF fell to 1.31 trillion yuan from 1.99 trillion yuan in November.

☆ China's economy looks different than it was going into the pandemic
▼ + stars: | 2022-12-22 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

China's exports started to fall year-on-year in October — for the first time since May 2020, according to Wind Information. Net exports had supported China's GDP growth over the last several years, contributing as much as 1.7 percentage points in 2021, the analysts said. But China's exports to the Association of Southeast Asian Nations have picked up, surpassing those to the U.S. and EU on a monthly basis in November, according to customs data. They expect ASEAN's GDP growth to rebound in 2023, while the U.S. and EU spend part of next year in recession. Jin pointed out that China's car exports, especially of electric cars and related parts, helped support overall exports this year.

☆ China regulators order more financing support for property firms
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +4 min

The move, first reported by Bloomberg, comes as cash-strapped property developers struggle to tap sources of funding to finish projects and pay suppliers. Chinese regulators are telling financial institutions to allow real estate companies to defer repayment of some loans, such as property development and trust loans, the sources said. China's property sector, once a pillar of growth, has slowed sharply this year as the government sought to restrict excessive borrowing by developers. Goldman Sachs said in a note that the basic principles of the property measures are not new. Chinese regulators expanded a key financing support programme designed for private firms, including real estate companies, to about 250 billion yuan ($35.18 billion) this week.

☆ China to launch market-making on tech-focused STAR Market on Monday
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +1 min

[1/2] A sign for STAR Market, China's new Nasdaq-style tech board, is seen after the listing ceremony of the first batch of companies at Shanghai Stock Exchange (SSE) in Shanghai, China July 22, 2019. REUTERS/StringerSHANGHAI, Oct 28 (Reuters) - China's Nasdaq-style STAR Market will officially launch market making on Monday, in a bid to make the tech-focused board more liquid, vibrant and resilient, the Shanghai Stock Exchange said. The STAR Market, home to some of China's biggest chipmakers, biotech companies and high-end manufactures, is tasked with funding Beijing's tech innovation amid growing Sino-U.S. rivalry. The Shanghai Stock Exchange said it will continue to improve market mechanisms to help China achieve tech independency and self-sufficiency. Regulators have approved 14 brokerages as the first batch of market makers, which actively quote in stocks, providing liquidity and depth to the market.

On a quarterly basis, GDP rose 3.9% versus a revised drop of 2.7% in April-June and an expected 3.5% rise. 1/9 Workers work at a construction site, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, October 14, 2022. A Reuters poll forecast China's growth to slow to 3.2% in 2022, far below the official target of around 5.5%, marking one of the worst performances in almost half a century. Retail sales grew 2.5%, missing forecasts for a 3.3% increase and easing from August's 5.4% pace, underlining still fragile domestic demand. "On the policy front, the overall policy will remain supportive," said Hao Zhou, chief economist at Guotai Junan International.

Workers work at a construction site, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, October 14, 2022. On a quarterly basis, GDP rose 3.9% in the third quarter, versus a revised drop of 2.7% in April-June and an expected 3.5% rise. The data was originally scheduled for release on Oct. 18 but was delayed amid the key Communist Party Congress last week. New bank lending in China nearly doubled in September from the previous month and far exceeded expectations, helped by central bank efforts to revive the economy. "On the policy front, the overall policy will remain supportive," said Hao Zhou, chief economist at Guotai Junan International.

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