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China stocks fall as consumer, healthcare firms weigh; Hang Seng up

* HK->Shanghai Connect daily quota used -2.9%, Shanghai->HK daily quota used 2.4% * FTSE China A50 -0.8% BEIJING, July 16 (Reuters) - China stocks dropped on Friday with consumer shares leading the loss, but are on track to post a weekly gain, boosted by the central bankโ€™s surprise cut in cash that banks have to hold as reserves and hopes for further easing policies. ** At the midday break, the Shanghai Composite index was edged down 0.02% at 3,563.79 points, while the blue-chip CSI300 index ...
Hong Kong Shailesh Kuber Zhu Chaoping Andrew Galbraith Thomson Reuters Trust Principles Shanghai Connect

China's new economic growth target praised by foreign media

Chinas new economic growth target praised by foreign media chinadaily.com.cn | Updated: 2021-03-09 15:52 Share Customers shop at the SKP Beijing department store. [Photo by Wang Shiqi/for China Daily] Foreign media have responded positively to Chinas new economic growth target of over 6 percent for 2021. The above 6 percent growth target marks a return to strong growth after the COVID-19 pandemic impacted the worlds second largest economy, BBC said. BBC quo...
Yue Su Michael Pettis Lianhe Zaobao Zhu Chaoping Carnegie Tsinghua Center Bruce Pang

China says wants economy to grow over 6 percent in 2021

BEIJING: Chinaโ€™s leaders said Friday they had set a target for GDP to grow more than 6 percent this year, as the worldโ€™s second largest economy surges out of a pandemic-induced slump. The global growth powerhouse stuttered in 2020, logging its slowest expansion in four decades as strict virus containment measures at home collided with a freeze in international trade. The slowdown raised doubts about the Communist Partyโ€™s ability to deliver on its pledge of continued prosperity in return f...
Lu Ting Li Keqiang Zhu Chaoping Communist Party Premier Li Keqiang Greater China Iris Pang

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