Latest news with #GDP growth
South China Morning Post
01-08-2025
- Business
- South China Morning Post
Guangzhou and Shenzhen, once China's growth engines, report GDP underperformance
Two cities that have served as economic pillars for China's southern province of Guangdong appear to be losing steam relative to their peers, prompting calls for stronger action to revive businesses. Advertisement Tech hub Shenzhen and manufacturing centre Guangzhou reported gross domestic product growth of 5.1 and 3.8 per cent respectively in the period from January to June, both below the national average of 5.3 per cent. The simultaneous slowdown came as uncertainty grips the global supply chain and domestic demand fails to make up the shortfall, analysts said. 'Shenzhen is facing dual headwinds from weakening global demand and a local property downturn, particularly in the commercial real estate sector, which has dragged down both exports and investment,' said Peng Peng, executive chairman of the Guangdong Society of Reform, a think tank affiliated with the provincial government. Shenzhen's decline is particularly notable. According to city government statistics, fixed-asset investment dropped 10.9 per cent year-on-year and real estate development plunged 15.1 per cent, reflecting weakened investor confidence. Advertisement While the city's hi-tech industries grew by over 35 per cent, its exports fell 7 per cent and total trade dipped by 1.1 per cent.
Bloomberg
29-07-2025
- Business
- Bloomberg
Spanish Economy Sustains Strong Growth Despite Trump Trade Flux
Spain's consumer-led economy posted another strong quarter of expansion, showing resilience to the widespread trade turmoil inflicted by Donald Trump's tariff policies. Growth domestic product rose 0.7% in the three months through June, data Tuesday showed. That's stronger than the first quarter's 0.6% advance — the same increase that analysts surveyed by Bloomberg had anticipated.
Yahoo
29-07-2025
- Business
- Yahoo
China's $733 Billion Warning: Why Investors Can't Ignore This Red Flag
China just posted a record-breaking 5.25 trillion yuan ($733 billion) budget deficit for the first half of the yeara 45% jump from the same period in 2024. Behind that number? A government pulling every fiscal lever it can to keep growth on track as exports to the US take a hit. While American tariffs remain elevatedroughly 30 percentage points higher than a year agoBeijing has doubled down on infrastructure and domestic spending to compensate for weakening external demand and a bruised property sector. Warning! GuruFocus has detected 9 Warning Signs with MSTR. So far, that strategy has bought time. GDP grew 5.3% in the first six months, running ahead of the government's full-year target. But under the surface, cracks are showing. Fiscal revenue fell 0.6% year-on-year, tax collections dropped 1.2%, and land salesa key source of fundingslipped another 6.5%. Meanwhile, total government spending rose 9% to nearly 19 trillion yuan, driven by capital-heavy projects and social support. For investors, that paints a mixed picture: growth is holding up, but the cost is rising fast. All eyes now turn to two events on the horizon: a high-level economic policy meeting in Beijing and fresh trade negotiations between Chinese and US officials. What happens next could shape the outlook not just for China's fiscal stance, but for any company exposed to cross-border flowsparticularly those like Tesla (NASDAQ:TSLA), which depend on both Chinese consumers and manufacturing capacity. If tariffs rise or growth slows, earnings leverage across sectors could swing hard in either direction. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
25-07-2025
- Business
- Yahoo
China's $733 Billion Warning: Why Investors Can't Ignore This Red Flag
China just posted a record-breaking 5.25 trillion yuan ($733 billion) budget deficit for the first half of the yeara 45% jump from the same period in 2024. Behind that number? A government pulling every fiscal lever it can to keep growth on track as exports to the US take a hit. While American tariffs remain elevatedroughly 30 percentage points higher than a year agoBeijing has doubled down on infrastructure and domestic spending to compensate for weakening external demand and a bruised property sector. Warning! GuruFocus has detected 9 Warning Signs with MSTR. So far, that strategy has bought time. GDP grew 5.3% in the first six months, running ahead of the government's full-year target. But under the surface, cracks are showing. Fiscal revenue fell 0.6% year-on-year, tax collections dropped 1.2%, and land salesa key source of fundingslipped another 6.5%. Meanwhile, total government spending rose 9% to nearly 19 trillion yuan, driven by capital-heavy projects and social support. For investors, that paints a mixed picture: growth is holding up, but the cost is rising fast. All eyes now turn to two events on the horizon: a high-level economic policy meeting in Beijing and fresh trade negotiations between Chinese and US officials. What happens next could shape the outlook not just for China's fiscal stance, but for any company exposed to cross-border flowsparticularly those like Tesla (NASDAQ:TSLA), which depend on both Chinese consumers and manufacturing capacity. If tariffs rise or growth slows, earnings leverage across sectors could swing hard in either direction. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
25-07-2025
- Business
- Zawya
Boosting Growth with Inclusive Financial Development Crucial to Unlock Angola's Poverty Alleviation Efforts
Angola recorded the highest economic expansion since 2014, with real Gross Domestic Product (GDP) growth reaching 4.4% in 2024. According to the latest edition of the Angola Economic Update (AEU) published by the World Bank Group (WBG) today, titled Boosting Growth with Inclusive Financial Development, this growth was driven by the oil sector's recovery and diamond extraction, along with strong expansion in commerce and fishing. The report highlights that despite a rebound in economic activity in 2024, Angola still struggles with the lasting impacts of prolonged stagnation. From 2016 to 2020, the economy contracted by approximately 10.4%, averaging a 2.1% annual decline. This sluggish growth stemmed from structural challenges and heavy dependence on the oil sector, making it susceptible to global price fluctuations. Real GDP growth is projected at an average of 2.9% from 2025 to 2027, but this is unlikely to significantly improve living standards. Increased global uncertainty, including falling oil prices, emphasizes the need for Angola to diversify its economy and reduce reliance on oil. 'The Angolan economy is in urgent need of establishing a consistent pathway toward robust growth to address nearly a decade of stagnation and to improve conditions for poverty alleviation. There is optimism that the comprehensive economic reforms currently being implemented by the government will produce positive outcomes and unlock the country's potential,' said Juan Carlos Alvarez, World Bank Country Manager for Angola. 'The country must intensify its support for key sectors that can significantly contribute to the essential process of economic diversification. A deeper analysis of these sectors and the needed structural reforms are discussed in the Angola Country Economic Memorandum, also published today,' he added. The AEU emphasizes the importance of promoting inclusive financial development in Angola to address the existing significant inequality and exclusion, particularly in rural areas where access to formal banking services is limited. Women and older adults are particularly affected. Compared to other countries in the region, Angolan households have less access to credit, savings, and digital financial services. Advancing financial inclusion can boost economic participation and resilience, leading to sustainable growth and poverty reduction. Access to banking, credit, and insurance empowers small businesses, farmers, and entrepreneurs, enhancing productivity and job creation. Moreover, financial inclusion can reduce income inequality by providing marginalized groups with opportunities to build assets and improve their well-being. The report highlights that implementing key reforms can create a more robust and inclusive financial sector in Angola, essential for diversifying the economy and fostering growth and job creation. It emphasizes the need for broader access to financial services beyond Luanda, especially as Angola focuses on economic activities in the Lobito Corridor and develops secondary cities. Additionally, the rise of digital banking and mobile payments offers a significant opportunity to reach underserved populations, enhancing economic resilience and promoting inclusive development. The report outlines essential reforms that Angola can implement to foster the growth of its financial sector and enhance accessibility in an inclusive manner. These reforms include: Developing digital payments to expand access to financial services in remote areas. Making digital payments more accessible and intuitive. Establishing a favorable regulatory framework to increase access to finance for Microcredit and Small and Medium Enterprises (MSME). Promoting lending to MSMEs and improving the transparency and market alignment of initiatives to finance MSMEs. Implementing the Financial Action Task Force action plan and addressing deficiencies in the Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) Framework. Increasing access to insurance for individuals and MSMEs, including weather-based-index insurance for agricultural activities. 'While addressing financial inclusion in Angola has several challenges, particularly for low-income and rural communities, there are constructive opportunities to address these barriers. By implementing regulatory reforms, embracing digital innovations, and enhancing financial education, Angola can pave the way for a more diverse economy and unlock new avenues for growth and job creation,' said Benedicte Baduel, World Bank Senior Country Economist for Angola. Distributed by APO Group on behalf of The World Bank Group.
