Chinese Economy | South China Morning Post
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  • Mar 31, 2015
  • Updated: 5:20pm

Chinese Economy

New World China Land warns profit to drop 55 per cent in six months to December

Cranes stand at a construction area in China's capital of Beijing. Photo: AP

New World China Land, the mainland China property arm of New World Development, said on Monday its profit is expected to drop by 55 per cent in the six months period to December, after a sharp slowdown in project delivery.

Monday, 9 February, 2015, 10:34pm

Atradius worried over rising payment problems in China

Employees watch goods being loaded for export in a port in China. Photo: Reuters

Credit insurer Atradius warns of spiraling payment problems in China as trade data for January signals the sharpest slowdown in domestic demand in five years. A pile of unpaid bills would exacerbate reluctance among suppliers to ship goods to companies due to the risk of further running up bad debts.

9 Feb 2015 - 7:17pm

Moody’s survey reveals fears about China’s slowdown

China’s growth outlook would continue to dominate market concerns this year, over monetary tightening in the US, the euro area, geopolitical risks and the collapse in oil prices. Photo: Reuters

China’s slowing economy is the largest challenge facing Asian sovereigns this year, finds a survey by credit rating agency Moody’s Investors Service.

9 Feb 2015 - 10:52am

Asian shares stumble as weak China trade stokes growth worries

Asian equities under pressure early on Monday after China trade data comes in far weaker than markets expected. Pic: EPA

Asian shares wobbled on Monday after dismal Chinese trade data eclipsed a strong US jobs report, raising concerns about a deepening slowdown in the world’s second-largest economy and sending the Australian dollar sliding.

9 Feb 2015 - 9:22am

NVC Lighting says founder enters pledge deal without knowledge of board

Lights illuminate a woman in a conference in China. Photo: K.Y. Cheng

NVC Lighting, one of China’s biggest lighting manufacturers, recently discovered its founder and former chief executive Wu Changjiang has made a pledge agreement of 23 million yuan (HK$29.2 million) without the knowledge of its board of directors, the Hong Kong-listed firm announced on Friday.

6 Feb 2015 - 4:53pm

Chinese online video provider LeTV takes aim at manufacturing cars

Cars crawl along in a traffic jam in Zhengzhou. Video provider LeTV plans to make its own car in the world's biggest automobile market. Photo: Xinhua

Chinese online video provider LeTV’s electric car plan is a sign of the rising fervour among internet companies to enter the automobile world, but industry insiders have poured cold water on the idea for underestimating the complexity of car production.

4 Feb 2015 - 4:40pm

Provinces plan to boost economy with US$2.4 trillion spend on infrastructure

Sichuan has announced it will spend 2.99 trillion yuan to boost industrial and other expansion. Photo: Xinhua

Fourteen Chinese provinces plan to invest a combined 15 trillion yuan (US$2.4 trillion) in infrastructure and other projects starting this year as part of their effort to help set a bottom on a slowdown in the economy, an official newspaper said on Wednesday.

4 Feb 2015 - 10:22pm

China services sector slows to 6-month low in January

Official surveys show growth in the services sector cooled to a one-year low in January. Photo: Reuters

China’s services sector grew at the slowest pace in six months in January as growth in new business weakened, a private survey showed, raising expectations that policymakers may unveil more stimulus steps to avert a sharper slowdown in the world’s second-largest economy.

5 Feb 2015 - 6:11pm

China to cut fuel surcharges for domestic flights for first time since 2009

A China Southern Airlines jet is seen at Shanghai's international airport. The authorities cut fuel surcharges for domestic flights for the first time since 2009. Photo: Bloomberg

Chinese airlines will this week scrap fuel surcharges for domestic flights for the first time since late 2009 after fuel buying costs fell below a government-set level, the civil aviation authority said on Tuesday.

4 Feb 2015 - 10:39pm

China’s factories struggle as deflation risks lurk

Workers in Jiangsu province load cargo as China's factories slow down and risks of deflation loom. Photo: Xinhua

The risk of global deflation looms large for 2015 as surveys of China’s mammoth manufacturing sector showed excess supply and deficient demand in January drove down prices and production.

While the pulse of activity was livelier in Japan, India and South Korea, they shared a common condition of slowing inflation that argued for yet more policy stimulus ahead.

2 Feb 2015 - 6:26pm

China PMI not seen stoking looser policies immediately to stimulate economy - analysts

A worker in a processing factory in China's Shandong province. Analysts say China's PMI will not immediately tempt Beijing to adopt a loosening of policies to stimulate the economy. Photo: Xinhua

 

The January purchasing managers indices pointed to a softening of manufacturing activities in Mainland China, but analysts said this may not fuel immediate panic that would push the authorities into loosening policy in a bid to stimulate the economy.

2 Feb 2015 - 5:16pm

US brokerage Charles Schwab eyes expansion in China

Lisa Hunt, executive vice president at Charles Schwab's International Services & Special Business Development, and James Sun, managing director at Charles Schwab Hong Kong, pose for a picture in the firm's Hong Kong office. Photo: Jonathan Wong

Charles Schwab, one of the world’s biggest brokerage houses with client assets worth US$2.46 trillion, is eying expansion in China as it seeks to tap growing demand from mainland investors who want to buy foreign securities.

29 Jan 2015 - 12:26pm

China’s Sino-Ocean Land Holdings announces US$1.2 billion in guaranteed notes

Apartment blocks are featured in Beijing. Sino-Ocean Land Holdings issued the first dollar debt by a mainland China developer this year despite worries over default fears in the market. Photo: Reuters

The year’s first dollar debt sold by a mainland China developer comes with a surprisingly low yield given the default fears stalking the market in the wake of Kaisa’s troubles.

29 Jan 2015 - 12:07pm

China consumer sentiment declines slightly in January as jobs, real estate outlook weighs

Potatoes nearly swamp two dealers in Shaanxi province as consumer sentiment in China was clouded by the outlook for jobs the real estate market. Photo: Xinhua

Chinese consumer sentiment declined slightly in January, as confidence in jobs and the real estate outlook remained subdued while spending on durable goods fell to a record low.

The Westpac MNI China Consumer Sentiment Indicator dropped to 112.1 in January, near the record low seen in October last year, and reversed a December rebound.

28 Jan 2015 - 12:46pm

China’s cities taking steps to pare record housing inventories

A worker cleans an apartment block in Beijing. The government is taking steps to reduce housing inventory. Photo: Reuters

Starting from mid-February till the end of this year, home buyers in China’s third-tier city of Shaoxing in Zhejiang province will be given a tax refund from the local government of at least 0.8 per cent of the deal price.

28 Jan 2015 - 3:00am