Chinese Economy | South China Morning Post
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  • Apr 18, 2015
  • Updated: 11:37pm

Chinese Economy

Chinese government think tanks says economic growth to slow in first quarter

Exports are expected to grow by 5 per cent in the first quarter. Photo: AP

The mainland’s gross domestic product growth is expected to slow to 7 per cent in the first quarter of this year, a top government think thank said in a report on Monday, following the central bank’s second benchmark rate cut in less than four months on Saturday.

Monday, 2 March, 2015, 10:01am

'Targeting' by Beijing sees foreign firms limit China investment plans

A general view taken in November, 2013 shows the skyline of a central business district in Beijing. Twenty-four per cent of companies planning to invest more than US$250 million last year either cancelled or postponed their plans. Photo: AFP

Multinationals worried about being targeted in government investigations are scaling back mainland investment for the first time in a decade, according to a report on foreign-owned operations in southern China.

2 Mar 2015 - 8:11am 3 comments

State Council unveils tax break for small firms

Beijing gives small firms tax break

Beijing unveiled tax reductions for small companies in a bid to ease their financial burden amid a weakening economy and free up funds for them to invest in technology.

26 Feb 2015 - 3:31am 1 comment

China factories run at fastest for four months despite fall in export orders

China's exporters see sluggish demand. Photo: EPA

Activity in China’s mammoth factory sector edged up to a four-month high in February but export orders shrank at their fastest rate in 20 months, a private survey showed, painting a murky outlook that argues for more policy support.

25 Feb 2015 - 10:58am

Chinese consumer sentiment softens on worsening personal finances

The consumer sentiment index in China declined to 112 in February from 112.1 in January. Photo: Bloomberg

Mainland Chinese consumer confidence softened to record lows this month, as personal finances deteriorated, according to a joint statement issued by Westpac and MNI.

The consumer sentiment index in China declined to 112 in February from 112.1 in January, the survey showed. It has been hovering around the record low of 110.8 in September 2011.

25 Feb 2015 - 10:45am

Why monetary easing is not so easy in China

China isn’t necessarily headed for a crash in 2015 but those counting on the PBOC to prop up growth need to reconsider their confidence. Photo: Bloomberg

As Chinese leaders attempt to guide their slowing economy into a soft landing, they’re counting heavily on People’s Bank of China Governor Zhou Xiaochuan to keep conditions stable.

17 Apr 2015 - 4:17pm

China business sentiment falls to lowest level in eight years

Advertising billboards in a Beijing subway. To ease liquidity the central bank cut interest rates in November. Photo: Wu Nan

The outlook for business conditions in China over the next three months fell to a record low in February, according to the MNI China Business Indicator.

18 Feb 2015 - 5:24pm 1 comment

China January FDI grows at fastest clip in four years, services sector the biggest draw

Last year, China drew a record US$119.6 billion worth of FDI. Photo: AFP

Foreign direct investment (FDI) in China grew at its strongest pace in nearly four years in January, surging 29.4 per cent from a year earlier to US$13.9 billion (HK$108 billion) as investors largely shunned the troubled manufacturing sector and focused on the more resilient services industry.

16 Feb 2015 - 12:56pm

Chinese leaders look to entrepreneurs to boost economy

President Xi Jinping wants to encourage entrepreneurs. Photo: Reuters

Top leaders in Beijing have pledged to rebalance China's economy to rely more on innovation and entrepreneurship to help drive growth amid the continuing slowdown.

13 Feb 2015 - 5:59am

Parkson Retail Group says full year profit falls 33.5 per cent

A shopper walks away from a Parkson Retail Group store in Beijing. Photo: Bloomberg

Mainland department store operator Parkson Retail Group said full year profit dropped 33.5 per cent, dragged down by the costs of disposing old underperforming stores as it attempts to transform itself into a mall-like lifestyle experience.

“You can sense that the challenges that we face are unprecedented,” chief executive Shaun Chong Sui Hiong said.

12 Feb 2015 - 7:45pm

Tightening Chinese internet controls may strangle business - Euro Chamber

An internet cafe in Beijing, where restrictions on access to the internet could harm business. Photo: EPA

China’s recent measures to further restrict the Internet will cause massive harm to foreign and domestic business and the curbs risk becoming a tax on companies operating in the country, the European Chamber of Commerce warned yesterday.

12 Feb 2015 - 5:20pm 1 comment

China in talks with 28 countries on rail projects

Worker passes by almost completed high-speed train in Tangshan city in Hebei province in China. Photo: EPA

China is in talks with 28 countries including Russia, about high-speed rail projects, state-backed train maker China CNR said on Wednesday.

Yu Weiping, vice president of CNR, said though some of the projects in the 28 countries are in very early stages of discussion.

11 Feb 2015 - 6:02pm

Investors pour into China's thriving healthcare business

A patient is taken care of in a hospital in Yunnan, China, as companies flock into the country's healthcare sector. Photo: Xinhua

Investors are rushing into China’s booming healthcare business, helping merger and acquisition deal values surpass those of the hot internet sector, as the mainland prepares to cater to hundreds of millions of elderly patients.

11 Feb 2015 - 5:36pm

Beijing Capital Land targets 40 per cent growth to 35 billion yuan

Apartment blocks in Beijing, China. Property developer Beijing Capital Land is aiming for 40 per cent growth in its contracted sales this year. Photo: Reuters

Mainland China developer Beijing Capital Land is aiming for a 40 per cent growth in its annual contracted sales this year to 35 billion yuan (HK$44.45 billion) as it expects easier monetary policies will boost housing demand, senior executives said on Tuesday.

10 Feb 2015 - 9:53pm

China’s annual consumer inflation hits 5-year low in January

Slow inflation reinforces signs of persistent weakness in the Chinese economy. Photo: EPA

Consumer inflation on the mainland hit a five-year low last month, underscoring the economic slowdown and adding weight to calls for more monetary easing or stimulus.

11 Feb 2015 - 9:53am 5 comments