Manufacturing gauges pointed to weakness in China that could prompt Beijing to roll out additional support measures. A purchasing managers' index fell to 48 last month, the lowest reading since July last year, from 48.5 in February, HSBC and Markit Economics said yesterday.Wednesday, 2 April, 2014, 5:05pm 7 comments
Premier Li Keqiang has a tough job. From the new war on air pollution to maintaining strong economic growth in a more realistic manner, nothing is easy for the country's No 2 leader after President Xi Jinping.17 Mar 2014 - 8:59am 3 comments
The purchasing managers' index from HSBC and Markit Economics dropped to a seven-month low of 48.5, they said yesterday. A similar gauge from the government with a larger sample size fell to 50.2, the lowest since June, a report showed at the weekend. Numbers above 50 signal expansion.4 Mar 2014 - 1:58am
People are going to be discussing the flaws of Chinese finance for many years. Here's a helpful guide: as soon as you see or hear "China's Lehman moment" used seriously, stop paying attention.25 Feb 2014 - 5:23am 4 comments
Downbeat surveys of economic activity in China and parts of Europe highlighted the fragility of the global recovery and raised concerns about the withdrawal of monetary stimulus.21 Feb 2014 - 4:32am 4 comments
China attracted foreign direct investment of US$10.8 billion last month, up 16.1 per cent from a year earlier, the Ministry of Commerce said yesterday, boding well for the top leaders' efforts to keep the economy on an even keel as they push reforms.
That was the fastest annual growth rate since July.19 Feb 2014 - 1:22am
The mainland's trade data in the first month of 2014 painted a strong yet controversial picture.13 Feb 2014 - 4:03am 5 comments
The International Monetary Fund raised its global growth forecast for the first time in nearly two years on Tuesday, saying fading economic headwinds should permit advanced countries to pick up the mantle of growth from emerging markets.22 Jan 2014 - 2:57pm
Beijing may need to take action to stabilise the economy after growth last year narrowly avoided hitting a 14-year low.21 Jan 2014 - 6:22am 1 comment
Growth in China’s services sector fell to a four-month low last month as business expectations dropped, a government survey showed, adding to evidence that the world’s second-largest economy lost steam into the close of the year.3 Jan 2014 - 12:01pm
China’s services industry grew at a steady pace last month, a private survey showed on Wednesday, a further indication of strength in the world’s second-largest economy as the government embarks on a sweeping restructuring drive.
The HSBC/Markit services PMI stood at 52.5, little changed from October’s 52.6 and above the 50 line that separates expansion from contraction.4 Dec 2013 - 9:56am
Official calculations showed the world's second-largest economy needed to grow 7.2 per cent a year to ensure 10 million jobs were created each year, the Workers' Daily quoted Li as saying. That would cap the urban unemployment rate at about 4 per cent, he said.6 Nov 2013 - 1:54am
The message from Beijing could not have been clearer: China needs to shift to a more balanced economy that is socially and environmentally sustainable.4 Nov 2013 - 10:28am
China’s cabinet called for greater effort in revamping the economy because a recovery is not yet solid, seeking quicker progress on industrial restructuring and increasing consumption while guarding against risk and protecting people’s livelihoods.21 Oct 2013 - 10:55am
Agence France-Presse reported that China’s gross domestic product rose by 7.5 per cent in the three months to June 30.
That compares with 7.7 per cent growth in the March quarter.
Last year, the Chinese economy grew by 7.8 per cent, which was the lowest growth rate in more than a decade.15 Jul 2013 - 10:56am