Chinese Economy | South China Morning Post
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  • Feb 2, 2015
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Chinese Economy

Political crackdown has accompanied China's slowing growth

People's Liberation Army honour guards march beside Tiananmen Square the day before the 25th anniversary of June 4. Photo: EPA

The 25th anniversary of the Tiananmen Square tragedy got a surprising amount of global coverage, in sharp contrast to the enforced silence on the subject on the mainland. It is a reminder of another contrast between political and economic coverage of the country.

Tuesday, 10 June, 2014, 12:43am 1 comment

Growth in China service sector eases as business sentiment weakens, HSBC PMI shows

Taken together, the PMI releases signal that China’s economic outlook remains uncertain, even if a mild recovery may be at hand. Photo: Xinhua

Growth in the mainland's services sector retreated last month to a four-month low, a private survey showed, contrasting with other data that had raised hopes that the world's second-largest economy may have steadied.

6 Jun 2014 - 12:01am 12 comments

China’s services sector grows apace, mirroring rebound in manufacturing

A retailer in Zhejiang province. Domestic demand remains sluggish in China despite a pick-up in global activity. Photo: Xinhua

China's services sector grew at its fastest pace in six months last month as new orders rebounded, an official survey showed, reinforcing hopes that the economy may be steadying after a tumultuous few months.

4 Jun 2014 - 2:48am

China factory activity healthiest in five months, HSBC flash PMI shows

New export orders, a proxy for foreign demand, showed the biggest turnaround. Photo: Reuters

China's factory sector turned in its best performance in five months this month, a preliminary HSBC survey showed yesterday, though overall manufacturing growth still contracted slightly, suggesting the outlook remains murky.

23 May 2014 - 12:16am

Xi Jinping's 'new normal' with Chinese characteristics

President Xi Jinping said last week the mainland must "adapt to the new normal condition" in economic growth. Photo: Xinhua

The world needs to get ready for a new normal with Chinese characteristics. Reacting to yet more evidence that China's growth is moderating quickly, President Xi Jinping more or less told us last weekend to get used to it.

15 May 2014 - 12:33am

State sector is China's secret sauce

China's state enterprises, with their high tolerance for low returns and their very long time horizon, have been able to build massive infrastructure in a relatively short time.

It is too early to say if China has achieved economic success, even after 36 years of consistently high growth.

14 May 2014 - 8:03am 3 comments

Growth dips in China services sector, HSBC PMI shows

Jobseekers attend a jobs fair in Beijing. Employment growth in the nation's services industry fell to a seven-month low last month. Photo: AFP

Expansion in China's services industry slowed slightly last month, with employment growth slipping to a seven-month low, a private survey showed yesterday.

9 May 2014 - 7:15pm

Beneath China's headline ascent lies a headier online upsurge

China's tech leap forward

Some new words are too delicious to ignore. So it is with "Il Sorpasso", restored to mark the imminent statistical ascent of China to become the world's biggest economy.

8 May 2014 - 4:54am

China factory sector still losing momentum, HSBC PMI shows

New export orders slipped back into contraction after a recovery the previous month. Photo: AFP

Activity in the mainland's manufacturing sector last month contracted for a fourth consecutive month, a private survey showed yesterday, suggesting the world's second-largest economy is still losing momentum.

6 May 2014 - 2:39am 2 comments

China GDP growth slowest since 2012 but beats expectations

A cooling of the world’s second-largest economy may complicate Beijing’s plan to deepen fiscal and financial reforms. Photo: Reuters

China’s economy grew at its slowest rate last quarter since the third quarter of 2012 – though it slightly exceeded economists’ expectations – increasing the chances of policy easing, but massive stimulus looks unlikely.

16 Apr 2014 - 12:41pm 9 comments

Drop in HSBC flash PMI confirms weakness in Chinese economy

Earlier this month, economists cut their projections for China's growth after industrial production trailed estimates. Photo: AFP

An index of mainland manufacturing activity unexpectedly fell, underscoring the risk that leaders will need to add stimulus to meet this year's goal for economic growth.

The flash purchasing manager's index from HSBC and Markit Economics dropped to 48.1 this month, the companies said yesterday.

25 Mar 2014 - 1:08am

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.

22 Mar 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