• Thu
  • Nov 27, 2014
  • Updated: 4:14am

Economic slowdown

'Too big' ICBC announces slowdown in growth

ICBC, the world's largest bank by market value and assets, plans to slow down asset expansion this year and tolerate a higher bad-loan ratio, underscoring the pressure from stricter capital rules and the anticipation of an economic slowdown.

Thursday, 28 March, 2013, 5:52am

FDI extends fall in China

Investment coming into the mainland dropped 7.3 per cent last month to US$9.27 billion from a year earlier, dragged down by a 14 per cent decline in property investment, the Ministry of Commerce said yesterday. FDI fell 3.7 per cent last year.

21 Feb 2013 - 6:07am

China loses shine for foreign money

China's attractiveness to foreign investors waned last year for the first time since the global financial turmoil as the world's economy slumped and labour costs rose.

17 Jan 2013 - 2:40am

Economic downturn forces state firms to cut executive wages

State-owned enterprises are set to cut salaries of senior executives to sustain growth amid rising operating costs and an unfavourable economic environment.

The State-owned Assets Supervision and Administration Commission said in a statement on Thursday state firms were required to step up efforts to reduce costs and improve efficiency.

12 Jan 2013 - 4:02am

Growth in wealthy inland households to outpace downturn-hit coastal cities

The number of wealthy households in the mainland's inland region are set to grow faster than in the rich cities and coastal provinces where the economic slowdown has hit harder, a study has shown.

21 Dec 2012 - 3:46am

Central government's key economic conference to put focus on reform

The central government's key annual economic planning conference began with a call for deeper reform, even as economists warned that any meaningful changes would mean slower short-term growth.

16 Dec 2012 - 4:41am 2 comments

Airfreight operators hit by economic slowdown

Dedicated airfreight operators are struggling to remain viable as a sluggish economy undermines their ability to compete with the cargo space on offer from carriers focused on the more buoyant passenger market.

15 Dec 2012 - 3:12am

BNP Paribas plans to increase its stake in Bank of Nanjing to as much as 20pc

BNP Paribas, France's biggest lender, plans to increase its stake in Bank of Nanjing to as much as 20 per cent as Chinese lenders' profits defy the global economic slowdown and rise to a record.

14 Dec 2012 - 3:00am

Liquor firm Silver Base in the spotlight after chairman's share sales

Liang Guoxing, chairman of Silver Base Group Holdings, has left more questions than answers about the poor performance of one of the mainland's largest distributors of Chinese liquor.

7 Dec 2012 - 3:23am

China spending to cushion slowdown

The mainland's economy has shown resilience and undergone a gradual transition towards being driven by domestic consumption, says Goldman Sachs economist Jim O'Neill.

26 Nov 2012 - 2:51pm

Bad loans are staying at an 'excellent range'

The mainland's leading state-owned lenders expect non-performing loans to remain steady in the fourth quarter as the economy stabilises.

9 Nov 2012 - 3:59am

Record high sales lift Lenovo to global PC summit

Lenovo, which posted a 13 per cent net profit rise on record sales for the past quarter, forecasts strong demand for its personal computers and smartphones to continue defying the global economic slowdown.

9 Nov 2012 - 4:40am

Post-congress leaders likely to shun stimulus in favour of lower growth

To buy or not to buy? This is a question home-buyers often ask themselves - particularly so on the mainland, where abrupt policy changes make timing crucial for investment success.

8 Nov 2012 - 2:22am

Beijing curbs bond issues on default fears

The mainland's bond regulator has stopped approving debt sales by governments below provincial level, underscoring concerns of defaults arising from a flood of bond issues by local government financing vehicles this year.

7 Nov 2012 - 3:36am

Chinese companies prepare for improving consumer sentiment

Months before China closes the lid on the Year of the Dragon, Guangzhou Aoking Leather is ramping up luggage production, adding to signs that the slowdown in the world's second-largest economy is poised to ease.

3 Nov 2012 - 3:22am

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