Chinese Economy

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.

Wednesday, 25 February, 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

China lifts three-year ban on Valemax cargo ships

Very large ore carriers at a port in Jiangsu province, China. The country lifted a three-year old ban on Valemax dry bulk carriers docking in its ports. Photo: Reuters

A new government circular on the design of dry bulk cargo ships released on Monday indicates that mainland China has lifted the ban on Valemax, the giant iron ore carriers developed by Brazilian miner Vale that was forbidden to dock at mainland ports for three years.

10 Feb 2015 - 5:00am

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.

9 Feb 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