Latest news and articles about Chinese economy from NEX English
Chinese President <strong>Xi Jinping</strong> has announced a renewed focus on the services sector, emphasizing the importance of demand and technology in reshaping growth and creating jobs. This announcement was made during a two-day conference discussing the future of this sector.
Investment bank fees in the Asia-Pacific region, excluding Japan, reached <strong>$5.3 billion</strong> in the first quarter of 2026, with <strong>CITIC Securities</strong> leading the earnings in the area. However, this marks a <strong>5%</strong> decline compared to the previous year, according to a report from <strong>LSEG Data and Analytics</strong> released on Thursday.
China is exploring financial assistance for state-owned airlines struggling with rising fuel costs due to the war in Iran. This potential support could represent the largest aid for the sector since the COVID-19 pandemic.
Chinese President Xi Jinping has called for the enhancement of the service sector through a demand-driven approach, emphasizing reforms and technological empowerment. This announcement was made during a national conference on the service sector in Beijing.
China has increased gasoline and diesel prices for the second time in two weeks, reflecting ongoing global energy market disruptions. This decision comes as President Xi Jinping calls for accelerated development of a new energy system to ensure supply security.
Reports indicate that Chinese real estate developer Fanke is seeking to delay payments on yuan bonds due this month, offering to pay 40% of the principal amount upfront. This move is part of its ongoing efforts to avoid default.
The Chinese Yuan is set to surpass the usual seasonal declines in the second quarter of the year, bolstered by the resilience of the Chinese economy against the fallout from the war in Iran. These factors indicate a potential recovery in the country's economic performance.
Andrew Tilton, Chief Economist for Asia-Pacific at Goldman Sachs, revealed the effects of the war in Iran on economic growth in China and Asia. These comments come at a sensitive time following important meetings in Beijing and ahead of a much-anticipated summit between Xi Jinping and Donald Trump.
State-owned oil and gas companies in China, such as <strong>Sinochem</strong> and <strong>PetroChina</strong>, are facing increasing pressures that lead them to postpone ambitious expansion plans. This comes amid challenges posed by volatile markets, raising questions about the future of energy security in the country.
Flight bookings in China have surged by <strong>20%</strong> compared to last year, just before the Qingming holiday starting this week. Despite rising ticket prices due to increased fuel costs, the number of tickets booked reached <strong>2.04 million</strong>.
Chinese stocks are emerging as one of the best markets to weather the fallout from the Iranian war, outperforming their global counterparts. Predictions indicate that this performance will be the strongest since August 2025.
China is facing a severe crisis in its real estate sector, which is a burden on the national economy. With no major rescue plan in sight, the government appears to be moving towards redesigning the sector's role in the macroeconomy rather than merely stabilizing it.
Chinese Media Group, a leader in home appliance manufacturing, is exploring the possibility of issuing convertible bonds worth approximately <strong>$2 billion</strong>. This move comes amid a notable increase in demand for convertible bonds in the market.
China is nearing a long-awaited shift towards inflation revival, raising hopes for a rebound in corporate profits and stock gains. This transition comes at a critical time for the global economy as investors seek signs of recovery in the world's second-largest economy.
Cnooc, a major player in the oil sector, has reported a significant decline in its profits for 2025 due to falling global oil prices. Despite an increase in production, the drop in prices has adversely affected the company's revenues.
This month, China has seen a significant increase in yuan-denominated bond issuance by foreign borrowers, reflecting the attractiveness of its local market amidst the ongoing conflict in Iran. This trend indicates a shift in financing preferences among international investors.