Economy News • China.Table

China's real estate sector experienced a wave of bankruptcies in recent years. The crisis was triggered by Beijing's strict regulations. Now, the leadership takes a more pragmatic approach and injects fresh money into the sector. continue reading →

China’s weak economic data for 2022 substantiate the suspicion that the country could soon reach the peak of its CO2 emissions. The Chinese economy grew by just three percent last year, and there was even a decline in economic output in particularly emissions-intensive industries, according to official data from the National Bureau of Statistics. Originally, […] continue reading →

Since 2020, the Chinese government has strengthened its regulation of the real estate sector and issued “three red lines”, aiming to lower the high debt ratio of real estate companies and reduce the economic reliance on the real estate sector. However, the largest companies failed to reach this target. Reasons include weakening purchasing demand and operational difficulties primarily caused by strongly restrictive policies during the economic downturn. continue reading →

China’s steel output in 2022 fell 2.2 percent year-on-year to about 1.01 billion tons. The economic slowdown and the ongoing slump in the real estate sector have curbed demand, the business magazine Caixin reported Tuesday, citing Qu Xiuli, Vice Chairman of the China Iron and Steel Association (CISA). Steel prices fell due to weak demand, […] continue reading →

Due to the Covid wave in China, the Federal Ministry for Economic Affairs and Climate Action repeated its warning about supply chain problems for German companies. “Confidence in Chinese supplies has already been subjected to a drastic reality check in the wake of the pandemic,” a ministry spokesman told the Mediengruppe Bayern newspapers on Wednesday. […] continue reading →

Leading experts from universities, think tanks and the private sector have given their assessments for China.Table on how the trends of the old year will continue into 2023 – and what new developments are on the horizon. continue reading →

The private sector finally receives greater support again. The leadership sees the role of foreign investors in a more positive light in the face of the persistently weak economy. continue reading →

The annual meeting of the Central Economic Work Conference was held on Thursday and Friday. According to the official announcement, the following economic policy goals are planned for 2023: There should be more economic stimulus again. At the same time, the quality of growth is to remain high, i.e. a credit-financed flash in the pan […] continue reading →

China’s state-owned banks seek to bolster the finances of the country’s ailing construction companies with loans worth billions. Several state-owned banks announced a package of new credit lines worth more than 220 billion yuan (about 29 billion euros) on Wednesday. The Bank of Communications was the first to announce support with a credit line of […] continue reading →

China’s economic recovery is losing momentum due to the recent Covid outbreaks. Fu Linghui, spokesman for the National Bureau of Statistics, acknowledged as much on Tuesday at a press conference in Beijing. The bureau said the country’s retailers reported a drop in sales in October for the first time in five months – down 0.5 […] continue reading →

The Chinese government is falling back into old patterns and heating up the real estate market with fresh loans. On Monday, it presented a package of 16 measures to help the sluggish housing economy and construction business. Real estate developers receive preferential loans from state-owned banks. They can also more easily issue bonds, which are […] continue reading →

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