China Economy

China PMI edges up to 50.3

The HSBC/Markit survey showed the Purchasing Managers' Index fell to 48 last month, the lowest reading since July. Photo: Reuters

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

Shanghai 'revolution' may be uphill battle for Premier Li

Li Keqiang

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

Growth a challenge as key China manufacturing indices fall

The HSBC final manufacturing PMI for last month fell further below the line between expansion and contraction. Photo: EPA

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

Why China cannot have a 'Lehman moment'

State backing has it covered

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

Economic data from China and Europe raises concern

New orders and production are falling at Chinese factories. Photo: Reuters

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

Investment flows into China grow at fastest pace since mid-2013

China is still enjoying FDI inflows while other emerging markets are suffering capital flight. Photo: Reuters

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

Hot money may have artificially boosted China's January exports

Trucks and cars await loading at a terminal in Lianyungang, Jiangsu province in January, a month that saw strong trade growth. Photo: Xinhua

The mainland's trade data in the first month of 2014 painted a strong yet controversial picture.

13 Feb 2014 - 4:03am 5 comments

China's economy to grow 7.5 per cent this year, IMF says as it raises global forecast

“The basic reason behind the stronger recovery is that the brakes to the recovery are progressively being loosened,” said Olivier Blanchard. Photo: Reuters

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

Stagnant growth adds to pressure for rebalancing of China's economy

GDP growth exceeded the government's target of 7.5 per cent for 2013. Photo: Reuters

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

China services sector growth slows, PMI shows

The dip in the services PMI echoes that in the manufacturing PMI reported earlier this week. Photo: Xinhua

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 services sector maintains steady growth, HSBC PMI shows

Growth in new orders eased from October’s seven-month peak, pointing to a possible softening ahead. Photo: EPA

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

China needs 7.2pc economic growth, Premier Li Keqiang says

Economic growth of 7.2 per cent annually is needed to ensure that 10 million jobs are created each year, Premier Li Keqiang said. Photo: Xinhua

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

How to tell if China is serious about economic reform this time

Most analysts agree that Beijing is not yet ready to take on state-owned giants like PetroChina. Photo: Reuters

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

State Council calls for more effort in revamping economy

Beijing hopes to shift the economy from investment towards consumption - though it might not be necessary for consumers to shop until they drop. Photo: Reuters

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

China’s economy grows 7.5pc in Q2

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