Tuesday, May 17, 2022
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China sets GDP target of ‘around 5.5%’ for 2022

Workers weld at a workshop of an automobile manufacturer in Qingzhou, East China's Shandong Province, on March 1, 2022.Future Publishing | Future Publishing | Getty ImagesBEIJING — China announced a gross domestic product growth target of "around 5.5%" for 2022, as an annual parliamentary meeting gets underway.Premier Li Keqiang

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China’s new rules on overseas IPOs will apply to Hong Kong, securities regulator says

People wear protective masks as they stand outside of the China Securities Regulatory Commission (CSRC) in the Financial Street on April 17, 2020 in Beijing,Emmanuel Wong | Getty Images News | Getty ImagesBEIJING — China's forthcoming rules on overseas IPOs will apply to Chinese companies that want to list

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China’s economy grew 8.1% in 2021 compared to a year ago

Volunteers wearing personal protective equipment (PPE) arrange food deliveries on Nov. 26, 2021, for a Shanghai residential area that's under restrictions to halt the spread of Covid-19.Yin Liqin | China News Service | Getty ImagesBEIJING — China's economy grew by 8.1% in 2021, and industrial production rose steadily through

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China’s December exports rose 20.9% from a year ago, slightly more than expected

Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019.Aly Song | ReutersBEIJING — China's exports grew slightly more than expected in December, while imports rose less than expected, according to customs data released Friday.Exports rose by 20.9% year-on-year in U.S. dollar-terms, above the 20% increase forecast

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China Evergrande says contracted sales dropped 38.7% in 2021

An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018.Bobby Yip | ReutersBEIJING — Indebted property developer China Evergrande's contracted sales plunged last year as the real estate giant struggled to repay creditors.A filing Tuesday showed the company's contracted sales of properties totaled 443.02 billion

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China’s retail sales grow by 3.9% in November — slower than expected

A customer buys zodiac decorations for the Year of the Tiger at a market in Zhangjiagang city, East China's Jiangsu province, Dec. 10, 2021.Shi Bairong | Future Publishing | Getty ImagesBEIJING — China's retail sales missed expectations in November, while industrial production beat, according to data from the National

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Biden, Xi kick off virtual meeting with calls to increase communication

Chinese President Xi Jinping shakes hands with U.S. Vice President Joe Biden (L) inside the Great Hall of the People in Beijing December 4, 2013.Lintao Zhang | ReutersBEIJING — U.S. President Joe Biden and Chinese President Xi Jinping kicked off a virtual meeting on Tuesday with a positive tone

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HSBC is set to report third-quarter earnings today. Here’s what to expect

HSBC building in the Canary Wharf district of London, U.K.Leon Neal | AFP | Getty ImagesHSBC is scheduled to release its financial report card for the third quarter at noon Hong Kong/Singapore time on Monday.Analysts expect the Asia-focused bank to report another quarter of profit gains as the global

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