China economy News

China's Manufacturing Sector Contracts in April: NBS Reports PMI at 49.0, Signaling Economic Challenges

China's manufacturing PMI fell to 49.0 in April, indicating a contraction below the neutral mark, with non-manufacturing and composite PMIs also showing declines, signaling broader...

OPEC Lowers Global Economic Growth Forecast to 3% Amid Trade Uncertainties

OPEC revises global economic growth forecast down to 3% for 2025, citing trade uncertainties. The US and Eurozone face slower growth, while China is expected to maintain steady exp...

Fitch Downgrades Alibaba and Tencent: A Sign of China's Economic Shifts?

Fitch Ratings downgraded Alibaba and Tencent to 'A' from 'A+' following China's sovereign rating cut, highlighting the impact of domestic operations and government regulation on th...

Fitch Downgrades Alibaba and Tencent: A Sign of China's Economic Shifts?

Fitch Ratings has downgraded Alibaba and Tencent's credit ratings to 'A' from 'A+', mirroring China's sovereign rating adjustment. Tencent Music also saw a reduction. The changes r...

China's Manufacturing Sector Shows Promising Growth in March, Surpassing Expectations

China's manufacturing sector experienced growth in March, with the PMI rising to 50.5, indicating expansion. The non-manufacturing PMI also showed positive trends at 50.8, suggesti...