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MNI China Press Digest Jan 9:Exports, Car Sales, Green Finance

MNI picks key stories from today's China press.
Central Bank NewsPolicy NewsPBOCHomepageAPACChinaEM Policy NewsChinaEM Central Bank NewsPeoples Bank of ChinaGlobalStoryRegion

MNI (BEIJING) - Highlights from Chinese press reports on Thursday:

  • China’s exports are expected to maintain 3% growth in 2025 if the U.S. only imposes about 10% additional tariffs on Chinese goods, 21st Century Business Herald reported citing Lian Ping, director of China Chief Economists Forum. The growth rate may slow to 1% should the U.S. impose tariffs of about 20% with a few developed countries following to take trade protection measures against China. Pessimistically, tariffs higher than 20% with more countries following suit would lead to a decline in Chinese exports.
  • China’s retail car sales reached 2.62 million vehicles in December, a rise of 11% y/y or 9% m/m, of which 1.38 million were electric vehicles, rising 46% y/y or 10% m/m, Yicai.com reported citing preliminary statistics by the China Automobile Dealers Association. The 2024 retail sales of passenger cars grew by 5% y/y to reach 22.88 million, driven by subsidies from national car renewal policy and trade-in schemes launched by local governments, the newspaper said.
  • Authorities will improve the green finance standard system and enrich green financial products and services, according to an official statement following a meeting held by the People's Bank of China and the Ministry of Ecology and Environment. It is necessary to accelerate the formulation of a unified support catalogue and clarify the key directions of green finance, the PBOC said.
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MNI (BEIJING) - Highlights from Chinese press reports on Thursday:

  • China’s exports are expected to maintain 3% growth in 2025 if the U.S. only imposes about 10% additional tariffs on Chinese goods, 21st Century Business Herald reported citing Lian Ping, director of China Chief Economists Forum. The growth rate may slow to 1% should the U.S. impose tariffs of about 20% with a few developed countries following to take trade protection measures against China. Pessimistically, tariffs higher than 20% with more countries following suit would lead to a decline in Chinese exports.
  • China’s retail car sales reached 2.62 million vehicles in December, a rise of 11% y/y or 9% m/m, of which 1.38 million were electric vehicles, rising 46% y/y or 10% m/m, Yicai.com reported citing preliminary statistics by the China Automobile Dealers Association. The 2024 retail sales of passenger cars grew by 5% y/y to reach 22.88 million, driven by subsidies from national car renewal policy and trade-in schemes launched by local governments, the newspaper said.
  • Authorities will improve the green finance standard system and enrich green financial products and services, according to an official statement following a meeting held by the People's Bank of China and the Ministry of Ecology and Environment. It is necessary to accelerate the formulation of a unified support catalogue and clarify the key directions of green finance, the PBOC said.