Monday, March 17, 2025

Creating liberating content

The incident occurred outside a roadside eatery Patiala: An Army

PM Modi praises Trump during his podcast US President Donald

US President Trump acknowledged the strength of India-US relations by

Related News

The incident occurred outside a roadside eatery Patiala: An Army officer and his son have been allegedly thrashed by cops over a parking dispute in Punjab’s Patiala. The incident occurred

PM Modi praises Trump during his podcast US President Donald Trump shared a podcast of Prime Minister Narendra Modi’s conversation with Lex Fridman on Sunday. In the podcast, PM Modi

US President Trump acknowledged the strength of India-US relations by sharing PM Modi’s podcast praising him. Modi highlighted Trump’s support during the 2019 ‘Howdy Modi’ event and appreciated Trump’s leadership

US President Donald Trump announced that he will talk to Russian President Vladimir Putin on Tuesday, expressing hope that they may have “something to announce” regarding the US-brokered ceasefire proposal

Delhi Capitals bowler Mohit Sharma during a media event ahead of IPL 2025. India and Delhi Capitals player Mohit Sharma shared his thoughts on BCCI’s new policy regarding family members

The email was fake, but the money was real. Hindustan Aeronautics Limited or HAL lost $63,000 or Rs 55 lakh to cyber fraud. HAL Kanpur’s Additional General Manager, Ashok Kumar

Trending News

Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting March 17, 2025) are HPCL and

MUMBAI: IndusInd Bank may have overstated its net interest income in preceding quarters, research reports by brokerage houses said. As a result, the lender will take a significant hit in

NEW DELHI: India has achieved self-sufficiency in solar module manufacturing. But the feat has rendered domestic producers of polysilicon, wafers and ingots – the building blocks for modules – vulnerable

New Delhi: India and New Zealand decided to relaunch negotiations for a free trade agreement on Saturday after a gap of 10 years, a move aimed at deepening economic ties

Mumbai: A host of global and domestic factors are expected to weigh on investors’ sentiment when Dalal Street opens for trading on Monday. The escalating global tariff war between the

NEW DELHI: India’s foreign exchange reserves recorded their sharpest weekly gain in more than three years in the week ending 7 March. The exchange surged $15.27 billion to reach $653.97

China retail sales strengthen at start of 2025, industrial data beats

Word Count: 440 | Estimated Reading Time: 3 minutes


Pictured here is a Shanghai development under construction on Nov. 4, 2024.

Cfoto | Future Publishing | Getty Images

China’s economy showed a modest pickup for the first two months of the year, according to data published Monday by the National Bureau of Statistics, as Beijing reiterated its plan to bolster domestic consumption.

Retail sales rose by 4.0% in the January-February period from a year ago, compared with the 3.7% year-on-year growth in December and in line with Reuters estimates.

Industrial production climbed 5.9% in the first two months of the year from a year ago, slower than the 6.2% growth in December, but faster than a 5.3% expansion forecast by analysts in a Reuters poll.

Fixed asset investment, reported on a year-to-date basis, rose by 4.1%, beating the 3.6% growth estimated by economists, a notable jump from the 3.2% increase last year.

The data comes shortly after Chinese policymakers unveiled a wide-ranging plan to stimulate domestic consumption, reiterating Beijing’s pledges to bolster residents’ income and household spending.

The notice, published Sunday, repeated Beijing’s plan to stabilize the stock market, establish a childcare subsidy scheme as well as boosting tourism.

While the high-level document appears to lack concrete implementation details, it provides a glance into Beijing’s stance toward addressing some deep-seated issues, such as the slowing income growth and insufficient social safety net, Lynn Song, chief China economist at ING, told CNBC via email.

“Directionally it is quite encouraging that policymakers are taking a sober look at these themes, and it should help the longer term transition to a consumption driven economy,” he added.

Growth target

Chinese leadership took on a hefty task by keeping a growth target of “around 5%” this year, a target seen harder to reach given rising trade tensions with the U.S. and entrenched deflationary pressure for the economy.

Economists say Beijing will likely need to provide stronger stimulus to achieve this year’s growth target and bolster domestic consumption to fill the hole left by potentially slowing exports. Exports contributed nearly a quarter of China’s GDP last year.

In a sign of a persistent drop in demand, China’s consumer price inflation in February fell below zero for the first time in over a year. Beijing revised down its annual inflation target to “around 2%” — the lowest in more than two decades — from above 3% in prior years, a move seen to show a degree of official acceptance of the current deflationary environment.

As part of an expanded fiscal package, Chinese leaders pledged at an annual parliamentary meeting earlier this month an additional 300 billion yuan ($41.5 billion) of ultra-long special treasury bonds for consumers’ subsidy support.

Still, beyond the trade-in program, the existing stimulus measures have barely targeted consumers directly.



Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account