• Mon
  • Dec 29, 2014
  • Updated: 3:38am


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.

Tuesday, 25 March, 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

Growth a challenge as key China manufacturing indices fall

The HSBC final manufacturing PMI for last month fell further below the line between expansion and contraction. Photo: EPA

The purchasing managers' index from HSBC and Markit Economics dropped to a seven-month low of 48.5, they said yesterday. A similar gauge from the government with a larger sample size fell to 50.2, the lowest since June, a report showed at the weekend. Numbers above 50 signal expansion.

4 Mar 2014 - 1:58am

Singapore GDP grows faster than expected

While manufacturing in Singapore is going strong, the financial sector faces challenges, analysts say. Photo: AFP

Singapore’s economy grew faster than expected in last year’s fourth quarter, helped by a surge in manufacturing output, government data showed on Thursday.

The city state’s economy expanded an annualised and seasonally adjusted 6.1 per cent from the previous quarter, data from the Ministry of Trade and Industry showed.

20 Feb 2014 - 3:42pm 2 comments

Global manufacturing data raises growth fears

Manufacturing activity contracted last month in many economies including mainland China and Taiwan, which reported a drop in export orders. Photo: Bloomberg

Manufacturers in China, the United States and Europe struggled last month as demand fell, suggesting an ailing world economy that still needs a steady diet of central bank support.

4 Jun 2013 - 3:57am

Higher PMI reading lifts hopes of reversing China's first-quarter slowdown

Growing factory output lifts hopes of reversing first-quarter slowdown

The official Purchasing Managers' Index (PMI) rose to 50.8 from 50.6 in April, the National Bureau of Statistics and China Federation of Logistics and Purchasing said yesterday. That was higher than all estimates in a Bloomberg survey of 30 analysts and above the median projection of 50, which divides growth from contraction.

2 Jun 2013 - 6:28am

China and Brazil: tension building between BRIC duo

The Chinese government was slow over its pledge to give Chinese airlines incentives to buy Brazilian jets. Photo: Reuters

China and Brazil are two countries with steady growth, activist state sectors and hugely popular governments. They will be in the same corner of the world stage for decades. Both argue for a more multipolar and equitable world order - one that is less US-driven.

30 May 2013 - 4:33am

Markets fall as Chinese production weakens

Markets fall as Chinese production weakens

The deteriorating outlook on the mainland sent Japan's Nikkei 225 stock average slumping 7.3 per cent, registering the deepest loss since the 2011 earthquake and tsunami. The Hang Seng Index dropped 2.54 per cent to 22,669.68, its biggest slide in seven weeks. The Shanghai Composite Index fell 1.16 per cent while Australia's S&P/ASX 200 Index dropped 1.99 per cent.

24 May 2013 - 3:47am

Johnson Electric sales down as demand weakens

Industrial demand has fallen.

Johnson Electric posted a 4 per cent fall in total sales, which the electronic component manufacturer blamed on weaker demand and currency movements. The company's sales declined to US$2.06 billion year on year for the 12 months up to March 31, while net profit rose 2.5 per cent to a record US$191 million.

17 May 2013 - 4:06am

Earnings alerts paint grim picture for Hong Kong-listed firms

Next Media warned of a substantially widening loss in the latest fiscal year to the end of March

Hong Kong-listed companies have issued almost 50 warnings over the past month about substantial profit declines or losses as the mainland economic recovery continues to look shaky.

16 May 2013 - 4:12am 1 comment

China churns out top ratings as world's factory

China's factories are still attractive for overseas firms.

Global manufacturers have picked China as the top sourcing destination outside their home countries, cementing the mainland's status as the world's factory, a survey has found.

14 May 2013 - 4:30am

Slower growth in China services as PMI falls in April

Growth in mainland services has slowed. Photo: Natalie Behring

The mainland's service industries expanded at a slower pace last month, adding to the drag on growth in the world's second-biggest economy after manufacturing lost momentum.

4 May 2013 - 4:55am

Growth slows for China's manufacturers, PMI shows

Growth slows for manufacturers in weak recovery

Beijing may be prompted to roll out more pro-growth steps but drastic stimulus plans seem unlikely. Mainland political leaders said at a recent Politburo meeting that they saw a need to "strengthen the momentum of economic growth", but cautioned against financial risks.

3 May 2013 - 4:22am

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