China, Global Economy | featured news

China's economy hasn't shown any signs of rebounding in the third quarter, and domestic investment is unlikely to expand dramatically in the short term, a central bank adviser said.

Just a day after Romney went after Mr. Obama for allegedly not cracking down on China's economic "cheating," the president's re-election campaign is rehashing is attempting to cast doubt on his credibility on the subject. "Mitt Romney? Tough on China? Romney's companies were called pioneers in shipping U.S. manufacturing jobs overseas," says a narrator in the thirty-second spot, entitled "The Cheaters," which is set to air on television in nine battleground states.

China's imports shrank unexpectedly in August in a sign its economic slump is worsening and the Chinese president warned growth could slow further, prompting expectations of possible new stimulus spending.

Some countries are hard-hit, like Portugal, Greece, and Italy in the case of textiles, but most countries actually come out ahead. So is rising Chinese productivity good? To quote Sam Shakusky, who’s to say? Portuguese workers certainly don’t seem to win from an increase in textile productivity. But most European workers actually come out ahead. What’s more, productivity growth will also almost certainly lead to rising wages in China, lifting hundreds of millions of people out of poverty and raising the standard of living considerably in the world’s largest country. That may be the most important factor here.

China has approved an estimated $156 billion in new infrastructure projects in recent days, giving markets a boost, even as economists are fretting that the country is behind the curve in responding to the economic slowdown.

China’s manufacturing sector shrunk in August for the first time in nine months, according to government data released over the weekend, in yet another sign that the Chinese economy is slowing just as its leaders prepare for a delicate power transfer this fall.

China won’t rescue the world economy this year as it has throughout the financial crisis period that started in 2008. The country’s latest economic data shows what many economists have been saying about the world’s second largest economy: be prepared to be disappointed.

China's big cities are announcing large investment plans intended to boost slowing growth rates, but just how much of a lift they will give to the economy remains uncertain.

China's economy is still facing big downward pressure and the foundation of a recovery is not yet solid, Chinese Premier Wen Jiabao said during a trip to the country's coastal Zhejiang province, state radio said on Wednesday.

Stocks closed Friday higher even as a raft of weak data from China signaled a slowing global economy.