Industrial production

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 indust

Monday, 15 July, 2013, 10:48pm 4 comments

Hong Kong firms fear more disruption at their plants in Bangladesh

Workers try to release two bodies trapped in the rubble of a collapsed garment factory building near Dhaka, Bangladesh, on Tuesday. Photo: AP

Angry labourers started taking to the streets the day after the disaster, blocking major highways to several industrial areas outside the capital, Dhaka.

2 May 2013 - 10:29am 1 comment

Long-standing myth of double standards haunts multinationals

Volkswagen was forced to announce a recall of more than 380,000 vehicles in mainland.

A long-standing myth among mainlanders holds that Japanese car makers have secretly maintained three quality standards - the cars sold in Japan have the highest quality, followed by those in the United States and Europe, where the protection of consumer rights is strict, and that those sold in the developing countries including China receive less quality control but fetch higher prices because of strong demand and lax regulation.

25 Mar 2013 - 11:57am 6 comments

China must avoid creating more problems with action on overcapacity

China's renewable energy sector, such as wind farms, has been overpromoted by the government. Photo: Xinhua

At the Central Economic Work Conference late last year, overcapacity was highlighted as a problem prioritised for action this year. So, just before the Lunar New Year, 12 ministries and state commissions jointly rolled out a plan to push for mergers in key industries including carmaking, steel, cement, shipbuilding, aluminium, rare earths, electronics, pharmaceuticals and industrialised agriculture.

28 Feb 2013 - 3:37am

China spending to cushion slowdown

Jim O'Neill believes a pickup in a series of leading indicators is signalling a soft landing for the mainland economy. Photo: K.Y. Cheng

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.

8 May 2015 - 9:48am

Robots are set to do more of China's dirtiest jobs

Robots work on the welding line at a Hyundai Motor plant in Beijing. Factory wages are going up as manufacturers struggle to find staff. Photo: Bloomberg

In China, there's no better time to be a robot. Pictures from this month's International Industry Fair in Shanghai show them duelling with light sabres, playing ping-pong and performing Chinese lion dances, fully costumed up. One shows a female humanoid robot in a white woollen coat shaking hands with a visitor.

8 May 2015 - 9:46am

Economists forecast recession for Japan

Cars are assembled by robotic welders at a factory in Tochi, Japan. Even the robotics industry is feeling the pinch. Photo: Bloomberg

Slumping profits of manufacturers from robots to cosmetics in Japan threaten to suppress investment and wages, adding to the likelihood of recession after the economy probably contracted last quarter.

9 Nov 2012 - 3:59am

Slower revenues hampers Beijing spending

The central government has increased spending on railways by 25 per cent this year to 516 billion yuan. Photo: Xinhua

The mainland spent more than planned in the first nine months of this year and revenue gains moderated, leaving little room for public outlays to stoke the economy this quarter without an expansion of the budget.

8 May 2015 - 9:46am

Industrial profits see first rise in six months

A biscuit factory in Ningxia. Industrial profits for the year to date are still down 1.8 per cent from last year. Photo: Xinhua

Mainland industrial companies' profits rose last month for the first time in six months, adding to signs growth is picking up after a seven-quarter slowdown.

8 May 2015 - 9:46am

The dark cloud behind China's new silver lining

The dark cloud behind China's new silver lining

Financial market players have no doubt that the economic data Beijing released last Thursday were a good thing.

Sure, the headline number was hardly impressive. At 7.4 per cent in the third quarter, China's year-on-year growth rate was the lowest since the financial crisis of early 2009.

8 May 2015 - 9:46am 1 comment

Look out your window for evidence of strong growth

Look out your window for evidence of strong growth

The interesting thing about the data released yesterday was that it showed not how weak China's economy is, but how strong.

Interesting, but not surprising; you can see the evidence right outside your window.

8 May 2015 - 9:46am 3 comments