• Sun
  • Dec 28, 2014
  • Updated: 8:15am

Chinese Economy

China retail sales lead business activity weakness, survey finds

The fall-off in retail sales on the mainland extends far beyond luxury goods, hurt by the government's corruption crackdown. Photo: AFP

Slowing retail sales stand out as the primary drag on the mainland's economic growth so far this year, while activity in almost every other business sector sagged, the latest quarterly China Beige Book survey found.

Saturday, 22 March, 2014, 4:58am 11 comments

Data points to broad slowdown in Chinese economy

China's Premier Li Keqiang played down the prospect of immediate intervention to stem a further slowdown. Photo: EPA

Fresh signs of weakness in the mainland economy have emerged, with a raft of indicators sinking to their lowest levels in years, but Premier Li Keqiang played down the need for stimulus, curbing hopes of a shift in policy.

14 Mar 2014 - 6:07pm 7 comments

Risks loom on China reform path amid slowing economic growth

Beijing has shown an increasing willingness to sacrifice some growth rate as it aims to overhaul a growth model that has relied on investment and money printing. Photo: AFP

Fresh signs of the struggle ahead for Beijing to deliver a cohesive reform-oriented agenda for economic growth have emerged as two of the mainland's top financial authorities outlined contrasting views on where the economy is heading.

7 Mar 2014 - 2:34am 2 comments

China to push ahead with fiscal reforms as it sets economic growth at 7.5pc

Chinese premier Li Keqiang. Photo: Reuters

Premier Li Keqiang today signaled that China will push ahead with key fiscal reforms that should eventually allow the country to cut its dependence on the fixed asset investment that currently drives economic growth.

5 Mar 2014 - 4:50pm 4 comments

China current account surplus slips as capital account soars

China's capital and financial account turned to a huge surplus as foreign investment flowed into the country. Photo: EPA

China posted a US$188.6 billion current account surplus for last year – slightly lower than in the previous year – and a US$242.7 billion surplus in its capital and financial account – a massive turnaround from the deficit in 2012 – preliminary data from the country’s foreign exchange regulator showed on Friday.

7 Feb 2014 - 2:41pm

Why a recession would be good for China

If many big polluters were shut down, that would be a welcome change, despite the economic recession that would ensue. Photo: AP

China’s economic growth slowed in the final three months of last year to 7.7 per cent, the weakest quarter since 2009, but still way too fast to allow for the restructuring that the country urgently needs.

25 Jan 2014 - 3:21am 6 comments

Chinese factory activity expands more slowly, HSBC final PMI shows

A sub-index of new export orders touched a four-month low of 49.1 in December, the first time since August it had dropped below the 50-point mark. Photo: Reuters

China’s factory activity expanded at the slowest pace in three months last month, weighed down by shrinking export orders, a private survey showed on Thursday, consistent with views the economy’s growth rate has moderated into the end of the year.

2 Jan 2014 - 10:00am

HSBC's China services PMI confirms rebound indicated by official figure

China's services industry has so far weathered the global growth slowdown much better than the factory sector. Photo: Reuters

A private survey released on Tuesday confirmed official figures from the weekend that showed growth in China’s services industry edged up last month, offering further indications that the economy has stabilised in the run-up to a key party reform meeting.

5 Nov 2013 - 1:10pm

China, once US companies’ great hope, now a drag

KFC’s parent, Yum Brands, gets nearly 51 per cent of revenue from China, highlighting US companies’ exposure to any slowdown on the mainland. Photo: Reuters

It’s official: China’s slowdown is starting to hurt corporate America.

As the world’s second-largest economy - and still growing - China is seen as a primary source of revenue growth by the largest US companies. But a country that once boasted double-digit growth is now growing at a more modest 7.5 per cent rate, its credit markets are overheated and fears of a housing bubble remain.

19 Jul 2013 - 3:39pm

China’s test: controlled slowdown or unemployment nightmare

Failure to keep Chinese in jobs could threaten the social stability and economic prosperity that the Communist Party says justifies its one-party rule. Photo: Reuters

The success or failure of China’s efforts to revamp its giant economy may rest with workers like Hu Zhao and Deng Jindong.

20 Jul 2013 - 3:53am

End of China boom a challenge, not a crisis: Australia

China’s appetite for resources helped shield Australia from the worst of the global financial crisis, but the boom may be over. Photo: Reuters

Treasurer Chris Bowen on Thursday insisted an end to the Chinese resources boom was not a crisis for Australia’s mining-driven economy, but admitted it was a challenge.

Australia’s economy is facing a difficult transition from its reliance on commodities as China’s growth slows and the resources investment boom peaks.

18 Jul 2013 - 1:41pm

SAP warns China slowdown hurting software sales

SAP warns on outlook. Photo: Reuters

Germany’s SAP on Thursday curbed its outlook for this year software revenue, citing the effects of slowing economic growth in China and customers’ move to cloud-based services.

18 Jul 2013 - 3:20pm

China property price rise sparks fears of more curbs

Home prices on the mainland have continued to climb, but there are fears more rules to rein in the market will be issued. Photo: Reuters

Although the pace of growth slowed slightly from May, prices in nine cities, including Beijing, Shanghai, Guangzhou and Shenzhen, saw increases of more than 10 per cent from a year earlier, according to data tracked by the National Bureau of Statistics.

19 Jul 2013 - 4:11am 5 comments

Slowdown fears as Chinese economy grows by 7.5pc

Slowdown fears as Chinese economy grows by 7.5pc

China’s economy grew 7.5 per cent in the second quarter, its slowest pace in a year, though data from the National Bureau of Statistics on Monday revealed that resilience in the domestic sector helped offset a decline in the rate of expansion in the export-oriented industrial sector.

15 Jul 2013 - 10:48pm 4 comments

China GDP to test reformers’ stomach for weaker growth

Economists polled by Reuters expect second quarter figures to show that China’s economy likely grew 7.5 per cent year-on-year. Photo: Reuters

China’s resolve to revamp its economy for the long-term good will be tested this month when a slew of data show growth is grinding towards a 23-year low, with no recovery in sight.

8 Jul 2013 - 1:14pm