• Thu
  • Jul 31, 2014
  • Updated: 7:44pm

Chinese Economy

Bird flu outbreak costs China's poultry industry US$65b

China’s human H7N9 bird flu outbreak has cost the country’s poultry industry more than 400 billion yuan (HK$500 billion) as consumers shun chicken, government officials said according to state media Monday.

Monday, 20 May, 2013, 1:53pm

On the road to currency reform

Ever since China's new top leaders were named in November, investors at home and abroad have been watching for pointers to financial reform as China integrates further with the world economy.

14 May 2013 - 2:57am

China's mild inflation rise leaves door open for rate cut

Chinese inflation rose in April from March but remained relatively low, leaving room for the central bank to cut rates to stem capital inflows and spur domestic demand. Central banks the world over have been lowering interest rates to spur growth, putting pressure on China to follow suit. But the People's Bank of China should be cautious as inflation may rebound later, some analysts warned.

10 May 2013 - 5:22am 1 comment

China export growth tipped to slow to 10pc

In a research report published in the China Securities Journal yesterday, the think tank forecast imports may grow about 8 per cent in the second quarter, slightly below the 8.4 per cent in the first three months, generating a trade surplus of about US$128 billion.

7 May 2013 - 4:24am

Data on exports raises capital inflow concerns

In March, mainland Chinese export growth slowed to 10 per cent from a year earlier, after a year-on-year gain of 21.8 per cent in February. Imports rose 14.1 per cent after falling 15.2 per cent in February. Faster capital inflows have been seen by way of a jump in foreign-exchange assets held by financial institutions, as interest rates are higher on the mainland than in Western countries.

11 Apr 2013 - 5:32am

Interview with George Soros

t is going to be a very difficult transformation, because the household consumption is only 1/3 of the Chinese economy. Exports and investments are 2/3. The growth of 1/3 cannot make up for the slower growth in the 2/3. Therefore, the overall growth rate will have to be significantly slower than it has been up to now. That is a very important point.

8 Apr 2013 - 3:58pm 5 comments

China's industrial profits up as raw material costs fall

Industrial companies posted profits totalling 709.2 billion yuan (HK$877 billion) during the January-February period, 17.2 per cent higher than a year earlier, the National Bureau of Statistics said yesterday. In contrast, profits declined 5.2 per cent in last year's first two months from the same period in 2011.

29 Mar 2013 - 5:18am

BlackRock goes for industrial counters

Jing Ning, BlackRock's top China fund manager, told the South China Morning Post in an exclusive interview that the firm had sold some mainland property and bank stocks earlier this year and was now investing more money in firms in the industrial and health-care sectors.

20 Mar 2013 - 5:29am

China’s annual inflation rises to 3.2pc in February

China’s annual consumer inflation quickened to 3.2 per cent in February from January’s 2.0 per cent, data showed on Saturday in a further sign that China’s burgeoning recovery could be stoking price pressures.

The National Bureau of Statistics said in the same release China’s producer price index dropped 1.6 per cent in the year to February, the same pace as in January.

9 Mar 2013 - 2:47pm

Lunar New Year boosts MNI China Consumer Sentiment Indicator

Chinese consumer sentiment rebounded modestly in February, helped by the week-long Chinese New Year holiday, according to the MNI China Consumer Sentiment Indicator released on Monday.

The indicator rose to 94.7 in February, from 94.1 in January, according to MNI, a unit of Deutsche Boerse Group.

4 Mar 2013 - 12:56pm