47 h. ago China’s consumer prices fall for fourth month amid weak demand, trade tensions

China’s consumer prices declined for a fourth straight month in May, highlighting persistent deflationary pressures driven by sluggish demand and trade tensions with the United States, which are compounding inventory strains for manufacturers. The national consumer price index (CPI), a key gauge of inflation, fell 0.1 per cent year on year last month, according to data released by the National Bureau of Statistics on Monday. The figure beat market expectations after a poll by financial provider...

Events

5 d. ago AI might solve China’s labour woes, but could also fuel deflation, report says

While the rise of artificial intelligence (AI) is set to mitigate an expected shortage of labour in China in the long run, market observers differ on its impact on deflationary pressures in the near term. The wider adoption of AI in China could exacerbate “China’s prevailing deflationary pressures” by disrupting an already-weak employment market, as the labour displacement effects of the technology might dominate in the short term, Morgan Stanley analysts said in a research report published last...

Politics

7 d. ago ‘Full of gunpowder’: price wars of China’s carmakers deepen, draw Beijing’s ire

Beijing has amplified its warnings over cutthroat price wars among carmakers as deflationary pressure persists in the world’s second-largest economy, and economists say a reflation is likely to remain elusive. The Ministry of Industry and Information Technology (MIIT), party mouthpieces and a carmaker association aired concerns at the weekend over recent discounts offered by manufacturers, while collectively deeming price wars a threat to product quality and the long-term development of the...

Events

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 Stimulus helps drive China's industrial profits as trade risks loom large

Stimulus helps drive China's industrial profits as trade risks loom large  Reuters

Events

2 w. ago China’s Industrial Profit Growth Picks Up Despite US Tariffs

China’s Industrial Profit Growth Picks Up Despite US Tariffs  Bloomberg.com

Economics

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 China’s Industrial Profit Growth Picks Up in Sign of Resilience

China’s Industrial Profit Growth Picks Up in Sign of Resilience  Bloomberg.com

Politics