China Business & Economy

BEIJING/SHANGHAI—China’s top auto dealers’ association has asked the government to halve taxes on car purchases to revive faltering sales, sources said, as worries grow the country’s auto market could shrink this year for the first time in decades. The China Automobile Dealers Association (CADA) submitted documents last month to the country’s finance and commerce ministries […]

SHANGHAI—China’s latest attempts at restricting outward investment by its residents show just how nervous policymakers in the world’s second largest economy are about possible capital flight spurred by a broadening Sino-U.S. trade war. Beijing has been gradually easing monetary and fiscal policy this year, as it seeks to steer the economy through a period of […]

While China is one of the most important markets for U.S. tech giant Apple, the country has long been home to criminal rings that make and sell fake iPhones. According to an Oct. 9 report by San Francisco-based digital media The Information, organized teams in China have been running sophisticated schemes in which they buy […]

China’s summer grain yield experienced a significant decrease in production at a time when Beijing aims to reduce its reliance on imports from the United States.

Though the ambitious promotion schemes had only marginal effects in boosting sales, they left many earlier customers feeling cheated of their new homes’ value.

BEIJING—China’s export growth is expected to have further slowed in September, weighed down by a faster decline in orders as an intensifying trade war with the United States starts to hurt Chinese shipments, a Reuters poll showed. Import growth also likely came off recent highs, which would be a worrying sign for Chinese policymakers counting […]

As of now, the Chinese Communist Party (CCP) regime has introduced three mixed-ownership reforms (mixed reforms) across 50 experimental state-owned enterprises — termed the second round of public-private partnerships. The 19 experimental companies involved in the first two reforms were directly led by the central government, but the third time was different, as it mainly […]

In a new economic forecast by the International Monetary Fund (IMF), China is projected to be hit harder than the United States by the effects of a worst-case trade war, with its GDP expected to fall by more than 1.6 percent in 2019, compared to about an 0.9 percent decline for the United States. The […]

HONG KONG—Chinese conglomerate HNA Group has put up for sale property assets worth at least $11 billion, according to documents seen by Reuters, accelerating a push to cut its large debt and restructure. Two sets of documents reviewed by Reuters listed more than 80 assets that HNA has either put up for sale or intends […]

China has come up with different ways to rake in taxes from its citizens in the wake of growing debt problems.

SHANGHAI—China stocks tumbled on Oct. 8, as investors back from a long holiday dumped shares across the board even after Beijing’s weekend move to spur more lending at a time of increasing fears about the economic impact of the Sino-U.S. trade war. Spot yuan ended at its lowest official close in seven weeks against the […]

By some measures, China is making progress in its effort to deleverage and clean up bank balance sheets.

Local security forces in 17 cities across China sprang into action on Oct. 1, when large numbers of people gathered to protest the recent crash of the peer-to-peer (P2P) online investment industry that began this spring and left millions bereft of their savings. Demonstrators staged their protests at 3 p.m. in the cities of Beijing, […]

China remains the biggest source of counterfeit goods imported to the European European Union, a new report states.

In China, real estate is one of the major ways to store wealth. Land prices have been increasing for last four years, causing worries about inflation.

The China economy—especially its private sector—is facing unprecedented pressures, according to a renowned Chinese economist.

WASHINGTON—U.S. President Donald Trump on Oct. 1 said it was “too soon” for Washington to talk to Beijing about working out a deal on trade, suggesting U.S. tariffs have yet to exert enough pressure to force Beijing into making concessions at the negotiating table. “China wants to talk, very badly, and I said, ‘Frankly, it’s […]

LAHORE, Pakistan—Islamabad has slashed the size of the biggest Chinese “Silk Road” project in Pakistan by $2 billion, Railways Minister Sheikh Rasheed said, citing government concerns about the country’s debt levels. The change is part of Islamabad’s efforts to rethink the One Belt, One Road initiative (OBOR, also known as Belt and Road) projects in […]

Household debt in China rose to a record high in 2017, putting another hole in the armor of the world’s second-biggest economy.

NEW YORK/MONTREAL—The U.S.-China trade war has triggered a seafood supply chain shake-up, with U.S. importers scrambling to stockpile frozen Chinese squid and tilapia ahead of looming price increases while Canada exports more lobsters to China. A series of retaliatory tariffs between Beijing and Washington has led to a shift in global trade, creating winners and […]