65 h. ago India expected to maintain robust growth despite Pakistan tensions, trade woes

India is poised to remain the world’s fastest-growing major economy this year, analysts have said, with a recent jumbo rate cut by its central bank expected to boost consumption and investment, even as the country contends with fresh military tensions with Pakistan and an uncertain global trade environment. The Reserve Bank of India (RBI) last week delivered a larger-than-expected interest rate cut of 50 basis points and reduced the cash reserve ratio – the minimum amount of capital banks must...

Events

66 h. ago US trade officials mull further rollback of port fee rules – what’s different now?

As the world awaits the outcome of the China-US trade talks in London this week, the US Trade Representative (USTR) has proposed changes to shipping policy – marking another possible rollback from the stricter measures announced in April that aimed to revive the domestic industry and curb China’s shipbuilding dominance. The proposed revisions, issued in a short press release over the weekend, would reduce port fees for car carriers and ease restrictions on liquefied natural gas (LNG) tankers....

Politics

4 d. ago China's May imports of soybeans rise from April; crude oil, coal and oil fall

China's May imports of soybeans rise from April; crude oil, coal and oil fall  Reuters

Politics

4 d. ago China trade data for May misses expectations as export growth slows, imports dip

China’s export growth slowed last month amid lingering uncertainty over US tariffs, pointing to continued strain in the country’s manufacturing and trade sectors – and the slight uptick could also reflect front-loading by exporters anticipating future disruptions. China’s May exports were up by 4.8 per cent, year on year, to US$316.1 billion, customs data showed on Monday. The figure followed April’s 8.1 per cent growth and fell short of the estimate of a 6.28 per cent increase in a market...

Politics

4 d. ago US tariffs hit China’s exports in May, but June seen as ‘a better month’

China’s export growth slowed last month, weighed down by fewer US orders being made before the two countries came to a 90-day tariff truce. And while June’s prospects look poised to improve, China’s manufacturing and trade sectors remain under strain, according to economists, who also point to lingering uncertainties over American tariffs. China’s May exports were up by 4.8 per cent, year on year, to US$316.1 billion, customs data showed on Monday. The figure followed April’s 8.1 per cent growth...

Events

4 d. ago China exports growth misses expectations despite tariff truce; imports plunge amid weak consumption

China exports growth misses expectations despite tariff truce; imports plunge amid weak consumption  CNBC

Politics

4 d. ago Hong Kong’s retail sector is struggling but people will have to adapt: John Lee

Hong Kong’s leader has conceded that the city has a problem with its sluggish retail scene amid a trend of locals spending their holidays across the border, but warned against using it as the sole yardstick in assessing the economy. Chief Executive John Lee Ka-chiu also called on businesses to “work harder” in light of the market changes and to reform to retain if not grow their slice of the cake. Hong Kong’s retail sales dropped for a 14th consecutive month in April, falling by 2.3 per cent,...

Politics

6 d. ago Sharp Drop in Beef and Pork Exports to China Causes April Meat Exports to Take a Hit

Sharp Drop in Beef and Pork Exports to China Causes April Meat Exports to Take a Hit  AgWeb

Events

1 week ago Boeing’s China hopes face trade war headwinds, supply chain risks: analysts

Boeing expects Chinese airlines to resume orders that were paused during the trade war with the United States, but analysts warn supply chain constraints and tariff uncertainties could slow actual deliveries. Kelly Ortberg, CEO of the American aircraft giant, said Chinese airlines have confirmed they would begin taking deliveries of Boeing planes this month after Beijing and Washington agreed to a 90-day trade truce in May. In April, Ortberg was quoted as saying that deliveries to China had been...

Events

2 w. ago China Hedge Fund Buying April Dip Extends Decade Gain to 1,485%

China Hedge Fund Buying April Dip Extends Decade Gain to 1,485%  Bloomberg

Economics

2 w. ago China industrial profits grow, Xinjiang eyes travel boom: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China’s industrial profits grow in April despite US trade war China’s large industrial enterprises posted modest but accelerating growth in April, despite an unprecedented trade war with the United States that drove up tariffs on both sides and intensified economic uncertainty. 2. China’s Xinjiang woos foreigners for 1 trillion yuan tourism haul amid...

Politics

2 w. ago China's industrial profits accelerate through April amid Beijing’s policy support

China's industrial profits accelerate through April amid Beijing’s policy support  MSN

Events

2 w. ago China’s industrial profits grow in April despite US trade war

China’s large industrial enterprises posted modest but accelerating growth in April, despite an unprecedented trade war with the United States that drove up tariffs on both sides and intensified economic uncertainty. Industrial profits among larger firms, with an annual income of 20 million yuan ($US2.78 million) or above generated from their main businesses, recorded a 3 per cent year-on-year increase last month, the National Bureau of Statistics (NBS) announced on Tuesday, up from 2.6 per cent...

Events

2 w. ago China's industrial profits accelerate through April amid Beijing’s pol

China's industrial profits accelerate through April amid Beijing’s pol  Seeking Alpha

Politics

2 w. ago China's industrial profits maintain growth momentum in April despite trade tensions

China's industrial profits maintain growth momentum in April despite trade tensions  Reuters

Events

2 w. ago China's industrial profits rise 3% in April after output beat estimates despite U.S. tariffs

China's industrial profits rise 3% in April after output beat estimates despite U.S. tariffs  CNBC

Economics

2 w. ago China's industrial profits rise at faster pace in April despite trade tensions, deflationary pressures

China's industrial profits rise at faster pace in April despite trade tensions, deflationary pressures  CNBC

Events

2 w. ago China's industrial profit growth accelerates in April as stimulus measures cushion tariff impact

China's industrial profit growth accelerates in April as stimulus measures cushion tariff impact  CNBC

Economics

2 w. ago China's industrial profit growth accelerates in April as Beijing's policy measures cushion tariff impact

China's industrial profit growth accelerates in April as Beijing's policy measures cushion tariff impact  CNBC

Economics

2 w. ago Hong Kong exports up by 14.7% year on year in April due to mainland China growth

Hong Kong’s exports rose by 14.7 per in April against a year ago, following an 18.5 per cent jump in March, a result the government has attributed to sustained growth of the mainland Chinese economy and the city’s efforts to strengthen ties with diverse markets amid the Sino-US trade war. But economists cautioned on Monday that momentum could weaken in the coming months as exporters currently rushing to fulfil orders would face reduced demand when tariffs went back up. According to the Census...

Politics