• Wed
  • Jul 23, 2014
  • Updated: 12:14am

Chinese Economy

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.

Tuesday, 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

China's economy steadily improving, says survey

It said its latest Flash MNI China Business Sentiment Indicator pointed to strong growth in February, with rises in new orders and production, helping the indicator rise to 61.79, compared with a final reading of 551.56 for January.

21 Feb 2013 - 10:31pm

Asian markets mixed, China factory data underwhelms

Asian markets were mixed on Friday, with Tokyo supported by further weakness in the yen, while Hong Kong and Shanghai dipped after official data showed Chinese manufacturing saw a moderate slowdown.

Tokyo were up 0.35 per cent by the break and Sydney climbed 0.65 per cent while Hong Kong shed 0.56 per cent, Shanghai slipped 0.34 per cent and Seoul eased 0.74 per cent.

1 Feb 2013 - 11:24am

Qianhai - a small zone with a big role

Qianhai, in Shenzhen, may be the smallest of the dozen experimental zones on the mainland - which include Nansha in Guangzhou and Hengqin in Zhuhai - but its role is arguably the most significant.

29 Jan 2013 - 4:56am