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