China's economy expands 5% in 2024, hitting target helped by strong exports, stimulus measures
China's economy expands 5% in 2024, reaching target helped by strong exports, stimulus measures
HONG KONG (AP) — China's economy expanded at a 5% annual pace in 2024, achieving Beijing’s target of “around 5%” growth helped by strong exports and recent stimulus measures. In quarterly terms, the economy 5.4% in October-December, the government reported Friday.
Stock Market Today: Asian Shares Slip as China Says Economy Hit 5% Growth Target in '24
China Vanke's Hong Kong shares drop 8% after report of CEO detention
The Hong Kong-listed shares of property developer China Vanke plunged more than 8% on Friday after state media reported that authorities had detained its chief executive. A Shenzhen government task force has stepped in to oversee operations at the state-backed developer,
Hong Kong must broaden ties with wider world, Beijing’s top man in city says
Beijing’s top envoy in Hong Kong has urged the city to broaden its links with the outside world to maintain its internationalisation, adding that it also needs to be more innovative to thrive in changing times,
China's economy beats forecasts in 2024, braces for trade war
China's economy ended 2024 on better footing than expected helped by a flurry of stimulus measures, although the threat of a new trade war with the United States and weak domestic demand could hurt confidence in a broader recovery this year.
Hong Kong stocks head for longest rising stretch in 3 months on China GDP data
China’s economy expanded by 5.4 per cent in the fourth quarter year on year, the National Bureau of Statistics said on Friday.
China Vanke CEO's reported detention deepens property sector concerns
The future of developer China Vanke and its $45 billion in debt were in focus on Friday after media reports alleged its CEO had been temporarily detained, deepening concerns about China's embattled property sector.
China’s economy grows by 5.4% in fourth quarter
China’s economy expanded by 5.4% in the last three months of 2024, the National Bureau of Statistics said on Friday.
China hit its economic goals in 2024 despite a consumer spending problem
China's economy grew 5% in 2024, meeting its growth target of around 5%.
China's central bank chief vows to supply ample liquidity
China's central bank chief said on Monday the government will support moderately loose monetary policy to maintain ample liquidity as it tries to stimulate the economy and soften the impact of geopolitical uncertainties.
China to Issue Central Bank Bills in Hong Kong Amid Weakening Yuan
The People’s Bank of China will issue central bank bills in Hong Kong next week, a tool that is typically used to stabilize the yuan’s exchange rate in the offshore market.
Hong Kong banks hoard record piles of cash as economy sputters
Hang Seng Bank, which is controlled by HSBC, has the highest LCR by far among major lenders, clocking in above 300 per cent. The lender has been hit hard by the city’s real estate slump, with impaired commercial real estate loans surging 12-fold in the first half of 2024, according to Bloomberg Intelligence.