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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-fading-recovery-tests-policy-makers-economic-playbook-8ce334f9
Persons: Dow Jones
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/for-many-in-china-it-feels-like-a-recession-25ce4b68
Persons: Dow Jones
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/for-many-in-china-it-feels-like-a-recession-25ce4b68
Persons: Dow Jones
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/deflation-looms-in-china-as-rebound-continues-to-lose-steam-b0d66d7e
Persons: Dow Jones
China’s Economy Shows New Signs of Weakness
  + stars: | 2023-06-30 | by ( Stella Yifan Xie | ) 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-shows-new-signs-of-weakness-c3316657
Persons: Dow Jones
China’s Property Market Enters Troubling New Phase
  + stars: | 2023-06-29 | by ( Stella Yifan Xie | ) 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-property-market-enters-troubling-new-phase-1fe3143d
Persons: Dow Jones
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-stimulus-pivot-is-prompted-by-fears-slowing-growth-could-worsen-5d35d34
Persons: Dow Jones
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-stimulus-pivot-is-prompted-by-fears-slowing-growth-could-worsen-5d35d34
Persons: Dow Jones
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/china-cuts-rates-to-prop-up-flagging-recovery-6fe3ec72
Persons: Dow Jones
China’s Trade Slowdown Points to Global Woes
  + stars: | 2023-06-07 | by ( Stella Yifan Xie | ) 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-trade-slowdown-points-to-global-woes-5bc1c903
Persons: Dow Jones
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-recovery-slows-further-as-factory-services-activity-pulls-back-9384124d
Persons: Dow Jones
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-fading-recovery-reveals-deeper-economic-struggles-31f4097b
Fresh graduates attended a job fair in Yantai, China, earlier this year. Photo: Cfoto/Zuma PressHONG KONG—China’s youth unemployment rate rose above 20% for the first time since Beijing began tracking the data five years ago, the latest sign of uncertainty around the country’s economic recovery. A bundle of new economic indicators for April, released Tuesday by China’s National Bureau of Statistics, also showed measures of retail sales, factory production and fixed-asset investment all falling short of economists’ expectations.
China has been the most populous nation in the world since at least 1750. But in April, India’s population is set to surpass China’s. WSJ examines what this shift in population could mean for the future of each country, as well as the global economy. Photo illustration: Jacob Anderson Nelson/WSJHONG KONG—China’s post-Covid growth spurt is sputtering and its youth unemployment rate hit a record high, signaling trouble for a recovery that was expected to boost global growth. Investment in the country’s property sector also dropped in the first four months of the year.
Consumer prices in the world’s second-largest economy rose 0.1% in April from a year earlier, according to official data. Photo: wu hao/ShutterstockHONG KONG—Consumer prices in China rose at their slowest pace in more than two years, reflecting uncertainties in the economy that threaten to limit a consumption-led recovery from three years of strict Covid-19 measures. Consumer prices in the world’s second-largest economy rose 0.1% in April from a year earlier, easing further from March’s 0.7% year-over-year increase, according to data released Thursday by China’s National Bureau of Statistics.
China’s Consumers Give Economy a Post-Covid Boost
  + stars: | 2023-04-18 | by ( Stella Yifan Xie | ) www.wsj.com   time to read: 1 min
Chinese consumers are going out and spending after three years of enforced austerity. HONG KONG—For years, economists have warned that China’s economy suffered from an imbalance that made its rapid growth unsustainable. The country was too reliant on investments and didn’t have enough consumer spending. On Tuesday, China reported numbers that showed consumer spending was playing a stronger-than-expected role in driving its recovery after the country lifted its stringent zero-Covid measures. The big question is whether it will last.
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/chinese-exports-surge-as-trade-with-russia-and-southeast-asia-jumps-9c745ff1
HONG KONG—China’s property market appears to have stabilized after a two-year downturn. But one problem continues to hold back its recovery: a major oversupply of unsold apartments. China had 3.5 billion square feet of finished but unsold apartments in February, according to Wind, a data provider. That is equivalent to around 4 million homes, according to some estimates. It is also the worst oversupply in China since 2017, when it was in the midst of a “slum clearance” program meant to boost demand for new housing by tearing down old, dilapidated buildings.
HONG KONG—China’s property market appears to have stabilized after a two-year downturn. But one problem continues to hold back its recovery: a major oversupply of unsold apartments. China had 3.5 billion square feet of finished but unsold apartments in February, according to Wind, a data provider. That is equivalent to around 4 million homes, according to some estimates. It is also the worst oversupply in China since 2017, when it was in the midst of a “slum clearance” program meant to boost demand for new housing by tearing down old, dilapidated buildings.
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.
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.
The number of American citizens studying in China in the 2020-21 academic year was down 97% from two years prior. HONG KONG—Strict pandemic restrictions helped push the number of American university students in China to its lowest level in more than two decades—382 students in the 2020-21 academic year. Now, with China reopening its borders, the question is whether they will come back. During that academic year, the most recent for which data is available, the number of American citizens studying in China was down 97% from roughly 12,000 in 2018-19, and even further below the peak of nearly 15,000 a decade ago, according to data from the U.S. State Department and the Institute of International Education, a New York-based nonprofit.
HONG KONG—The export engine that propelled China’s recovery through much of the pandemic sputtered to start the year, complicating Beijing’s efforts to juice an economy that is still reeling from three years of stringent “zero-Covid” restrictions. Exports from the world’s second largest economy fell 6.8% during the first two months of 2023 from a year earlier, extending a string of year-over-year declines stretching back to October, data from China’s customs bureau showed Tuesday.
The city of Zhengzhou in China has seen its fiscal revenue drop and total debt grow in recent years. As China tries to turn the page on one of its worst stretches of growth since the 1970s, its economy is being weighed down by the colossal debts of its local governments, which swelled during the pandemic and are starting to come to a head. Xi Jinping ’s zero-Covid campaign saddled cities with billions of dollars in unplanned expenditures for mass testing and lockdowns. The Chinese leader’s crackdown on excessive property-market leverage led to a sharp drop in land sales, depriving cities of one of their biggest revenue sources.
Premier Li Keqiang announced China’s growth target at the start of the country’s annual legislative session Sunday. HONG KONG—China unveiled its lowest growth target in more than a quarter-century as Beijing faces challenges in the domestic and global economy following its emergence from three years of strict Covid-19 measures. China’s target of around 5% growth this year in gross domestic product, announced on Sunday by Premier Li Keqiang at the start of the country’s annual legislative session, suggests that officials are less concerned about raw economic expansion as they turn their attention to other priorities.
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