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China’s Great Slowdown

Yesterday

A Chinese worker makes new year lanterns at a factory in Weifang in eastern China’s Shandong province.

China’s economy loses steam ahead of new year holiday

The official manufacturing purchasing managers’ index fell to 49.1, the lowest since August, missing economists’ forecast for a modest expansion.

  • Yujing Liu

This Month

Employees assemble new energy vehicles at an intelligent factory of electric vehicle enterprise Leapmotor.

Has China already reached peak oil?

The country’s demand for crude seems to be plateauing sooner than expected. The implications are huge

  • Malcolm Moore
The closure of Port Hedland has temporarily disrupted iron ore supply.

Iron ore could collapse 30pc as Rio Tinto floods market

The latest rally in iron ore prices is expected to be short-lived, with Westpac warning the commodity could plummet 30 per cent from current levels.

  • Alex Gluyas
Chinese President Xi Jinping delivers his New Year message.

China poised to hit its 2024 growth target: Xi

The Chinese president’s disclosure capped off a year of economic uncertainty, with the growth goal initially seen as a ‘target without a plan’.

  • Jing Li and Josh Xiao

December 2024

Hunting down winter bargains in Beijing. Consumption remains weak in China.

Weak consumption drags on China as Trump tariff threat looms

Weaker retail figures come despite a boost from online shopping promotions and government-subsidised trade-in programs that have lifted sales in some sectors.

  • Kevin Yao and Ethan Wang
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China’s intention to deliver more stimulus has kept iron ore prices above $US100.

China slowdown to rip $8.5b from federal budget: Chalmers

The treasurer’s downbeat assessment came despite Beijing last week announcing plans to stoke the country’s slowing economy next year with a “moderately loose” monetary policy.

  • Ronald Mizen
Xi Jinping

China’s ‘bazooka’ stimulus will have to wait - again

Beijing says “vigorous” efforts to boost domestic consumption are the country’s top economic priority, but details are once again lacking.

  • Updated
  • Jessica Sier
Chinese Premier Li Qiang.

The four charts that show what’s wrong with China’s economy

Key indicators reveal the challenges facing Chinese policymakers as they gather to deal with the task of balancing short-term stimulus with longer-term reforms.

  • Updated
  • Jessica Sier

October 2024

A train loaded with iron ore heads toward the port in Western Australia.

Rio Tinto considers iron ore strategy shift

Rio Tinto is reviewing its iron ore product strategy after low-grade volumes accounted for 19 per cent of sales. Analysts say investors should be concerned.

  • Updated
  • Peter Ker
These Chinese government faces some hurdles to delivering the sort of fiscal stimulus markets are looking for.

Why China is hesitant to fire its stimulus bazooka

China bulls want stimulus, and quick. But three big roadblocks stand in the way. 

  • James Thomson

August 2024

Fortescue Metals chief executive Dino Otranto is laying out the iron ore vision to investors.

Australia’s iron ore future is different, not dead

There’s plenty of red dirt in Fortescue’s results – which makes it a bit different to its two big rivals. Andrew Forrest is in China trying to work it out.

  • Anthony Macdonald

July 2024

China’s Third Plenum outlined economic reforms but there was little detail.

China cuts key interest rate after Xi’s top meet disappoints

China surprised markets with interest rate cuts on Monday, in efforts to boost growth in the world’s second-largest economy.

  • Jessica Sier

Luxury brands roll out huge discounts as Chinese rein in spending

The sales are being offered primarily by aspirational brands such as Versace and Burberry, as China’s once-voracious middle-class consumers become more frugal.

  • Annachiara Biondi and Thomas Hale
Pedestrians in Beijing’s Wangfujing shopping area. China needs a pick-up in consumer spending to subdue criticism it is heading towards a prolonged period of low growth.

China’s GDP miss set to boost stimulus calls from Third Plenum

China-watchers and investors are doubtful the Third Plenum policy gathering in Beijing will throw up any comprehensive reform.

  • Jessica Sier

June 2024

China’s property crisis has crippled the economy.

China’s banks feel the sting as problem loans mount

China’s deepening housing market crisis is eroding the balance sheets of the country’s largest state banks.

  • Karen Maley
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Competitors take part in the annual dragon boat race to celebrate the Tuen Ng festival in Hong Kong.

China’s broken housing market and a generation ‘lying flat’

While wallets were open at last weekend’s national Dragon Boat Festival, Chinese consumers are still not spending enough to get the economy out of its housing hole.

  • Jessica Sier
Chinese President Xi Jinping’s manufacturing drive risks creating a fresh China shock.

Why won’t Xi Jinping fix China’s dreadful economy?

Explanations for Beijing’s refusal to work on deep-seated problems include denial, ignorance and ideology.

  • Scott Kennedy

April 2024

Michael Smith The Fin

Why China’s slowing economy is Australia’s problem

This week on The Fin podcast, North Asia correspondent Michael Smith talks about the changes in China over the past six years and what its slowing economy means for Australian prosperity.

March 2024

Although there will be significant bad debts, they appear to have already peaked.

Two ETFs for investors looking to tap bargains in China recovery

There is no telling if the Chinese sharemarket crash is over, but smart investors know that in carnage can lie opportunity.

  • James Weir
BHP’s Mike Henry tells the China Development Forum its steelmakers are different.

BHP’s Mike Henry argues Chinese steelmakers deserve a break

Big miners are facing pressure to detail their investments into green steel and reduce their scope three emissions. But Chinese smelters as a whole are more efficient than the EU’s.

  • Ayesha de Kretser

Original URL: https://www.afr.com/topic/china-s-great-slowdown-6g6y