Asia stocks hit 4-month high on reopening of Chinese economy

China’s factory activity unexpectedly swung to growth in May from decline, a private sector survey showed on Thursday, driven by improved production and demand, helping struggling firms that have been hit by slumping profits. The Caixin/S&P Global manufacturing

China stocks rose on Monday after the country’s central bank vowed to support economic growth and U.S. President Joe Biden said he expected a thaw in frosty relations with China “shortly”. China’s blue-chip CSI300 Index was up 0.4%

China stocks rebounded on Thursday following two sessions of declines, as investors snapped up banking and artificial intelligence (AI) shares after data showed the country’s economic recovery was losing steam. China’s blue-chip CSI300 Index rose 0.4% by the

China stocks pared early losses and rebounded strongly on Monday, as investors pinned hopes on policy easing and stimulus measures for the capital market. Hong Kong shares also traded higher driven by Tencent ahead of its first-quarter earnings.

The core of China’s economic work in the future will be to maintain stable growth. In order to reach the goal of achieving modernization by 2035, China should secure average annual economic growth of 4.6 percent, but based

Chinese initial public offerings have raised more than five times as much money as those in the US this year as a crop of fresh listings in the world’s biggest economy failed to appear after a dire 2022.

The majority of US companies surveyed are optimistic on China’s business outlook for the next two years, while many believe that succeeding in China is vital to their long-term global competitiveness, according to survey results released by the

China stocks rose on Friday, led by semiconductor and resource shares, while the central bank head saying that the country would achieve this year’s growth target also lifted investor sentiment. The blue-chip CSI 300 Index and the Shanghai

Combined total trading value at the Shanghai and Shenzhen exchanges passed the 1 trillion yuan ($145.2 billion) mark for the fifth consecutive day Monday, the longest streak since August, in a sign of returning optimism to China’s recovery.

China may reach its 2030 target for wind and solar energy development five years earlier than planned. Prefecture-level regions have planned to increase installed capacity for wind and solar energy by at least 800 million kilowatts during the

Asian stock markets followed Wall Street higher on Tuesday ahead of a Federal Reserve decision on another possible interest rate hike amid worries about global banks. Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a

Asia-Pacific markets traded mixed on Monday as U.S. regulators announced plans to backstop both depositors and financial institutions associated with Silicon Valley Bank, seen as a move to stem further systemic risk. Hong Kong’s Hang Seng index rose 1.96%, led by technology stocks,

THE Chinese economy is expected to rebound and return to steady growth this year, with more jobs created on the back of expanding consumption and a recovering real estate sector, a senior political advisor said. Ning Jizhe, vice-chairman