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News Tag: China

October 18, 2011

China’s economic growth cools in Q3, inflation eases

by Kay Mitchell
...




September 9, 2011

China’s inflation rate eases in August

by Kay Mitchell
”China’s
Inflation in the world’s second largest economy eased last month after reaching a 3-year high in July. According to the National Statistics Bureau, consumer prices rose by 6.2% in August on an annual basis, compared with 6.5% the previous month. Several other economies throughout the world are battling with higher inflation, particularly in Asia, which are the result of soaring food costs. A report ...




September 2, 2011

China manufacturing activity improves in August

by Kay Mitchell
”China
Manufacturing activity in China grew for the first time in four months in August, two separate surveys have revealed. Firstly, the official China Federation of Logistics and Purchasing (CFLP) said its purchasing managers’ index (PMI) edged higher to 50.9 last month from July’s reading of 50.7. The index remains just above the crucial 50 level, which separates growth from contraction. Secondly, the ...




August 10, 2011

China’s trade surplus reaches two-year high in July

by Kay Mitchell
...




August 9, 2011

China’s inflation rate gathers pace in July

by Kay Mitchell
...




August 1, 2011

China manufacturing growth slows further

by Kay Mitchell
”China
Manufacturing activity in China eased further last month, two separate surveys have revealed today. Firstly, the official China Federation of Logistics and Purchasing (CFLP) said its purchasing managers index (PMI) fell to 50.7 last month from June’s reading of 50.9. Secondly, the HSBC China Manufacturing PMI also suggested activity is slowing with the index falling to 49.3 from June’s reading of 50.1 – the ...




July 28, 2011

Rising inflation to hit Asia’s growth

by Kay Mitchell
...




July 13, 2011

China’s economic growth cools

by Kay Mitchell
...




July 11, 2011

Chinese inflation hits 3-year high in June

by Kay Mitchell
”Chinese
Inflation in the world’s second largest economy reached the highest level in 3 years in June – suggesting that the central bank will continue to lift interest rates. Just last week, the People’s Bank of China raised rates for the third time this year to combat stubbornly high inflation. Many other central banks in Asia have adopted the same measures due to ...




July 6, 2011

China lifts rates to combat inflation

by Kay Mitchell
”China
The People’s Bank of China has today lifted interest rates – the third time this year – as it battles to tame inflation. Inflationary pressures are rife in Asia and many central banks have opted to hike interest rates in an attempt to combat rising prices. The bank said the one-year lending rate will rise to 6.56%, while the one-year deposit rate will ...




July 1, 2011

China manufacturing growth slows further

by Kay Mitchell
”China
Manufacturing activity in China eased last month, two separate surveys have revealed today. Firstly, the official China Federation of Logistics and Purchasing (CFLP) said its purchasing managers index (PMI) fell to 50.9 in June from May’s reading of 52 – the lowest level since February 2009. The reading was also lower than expectations of a reading of 51.5. Secondly, the HSBC China Manufacturing PMI also ...




June 20, 2011

China property prices ease in May

by Kay Mitchell
”China
Official figures today revealed China house prices slowed in May, suggesting the Government’s attempts to cool house prices is taking effect. The Government has launched several initiatives to avoid a property bubble. It recently announced plans to introduce a property tax, while making it more expensive to buy second homes, by lifting the minimum down payment. Data released today showed fewer Chinese cities ...




June 14, 2011

Chinese inflation hits 34-month high

by Kay Mitchell
”Chinese
Inflation in the world’s second largest economy reached the highest level in 34 months in May as food prices continue to rise. Consumer prices rose by 5.5% in May on an annual basis – higher than expectations of an annual rate of 5.3%. Food prices (the primary factor behind stubbornly high inflation) remain high, rising at an annual rate of 11.7%. Economists ...




June 10, 2011

China’s trade surplus rises in May on soaring imports

by Kay Mitchell
”China’s
The Customs Agency has today reported slower growth in China’s exports, rising by 19.4% in May on an annual basis but much slower than the 29.9% rate in April. The rate was also less than the market forecast of a 21% increase. Meanwhile, imports surged by 28.4% on an annual basis – beating expectations of a 22.5% rise. As a result, ...




June 1, 2011

Chinese manufacturing slows in May

by Kay Mitchell
”Chinese
Manufacturing activity in China eased last month, two separate surveys have revealed today. Firstly, the official China Federation of Logistics and Purchasing (CFLP) said its purchasing managers index (PMI) dipped to 52 in May from 52.9 in April. While the reading was better than expectations of 51.6, it represented the lowest for nine months. Secondly, the HSBC China Manufacturing PMI also suggested activity is ...




May 12, 2011

US trade deficit pushed up by rising oil import costs

by Kay Mitchell
US trade deficit pushed up by rising oil import costs
The US trade deficit swelled in March to $48.18 billion (£29.5 billion) – up from $45.4 billion the previous month. The widening was attributed to higher prices for imported oil, the Commerce Department reported. Imports rose 4.9% to $220.8 billion, while exports grew 4.6% to a record high of $172.7 billion – the largest monthly gain since 1994. The ...




May 11, 2011

Chinese inflation eases in April

by Kay Mitchell
Chinese inflation eases in April
Inflation in the world's second largest economy cooled last month as food prices eased slightly. Consumer inflation fell to 5.3% in April on an annual basis, down from March's 3-year high of 5.4%. Today's figures suggest attempts by the Government to rein in prices are having a positive impact. There have been fears of the Chinese economy overheating as inflation and property prices soar but ...




May 10, 2011

China’s trade surplus swells in April

by Kay Mitchell
...




April 26, 2011

China and US to hold talks over currency issues

by Kay Mitchell
China and US to hold talks over currency issues
China and the US are set to hold economic talks in Washington DC next month as the two countries endeavour to reach an agreement over currency issues. The State Department announced yesterday: “The third meeting of the U.S.-China Strategic and Economic Dialogue (S&ED) will be held in Washington, DC, May 9-10, 2011." China has been under pressure to revalue its currency, ...




April 18, 2011

China’s house price growth eases in March

by Kay Mitchell
China's house price growth eases in March
The National Bureau of Statistics has today revealed Chinese property growth eased in March. China‘s property prices have remained stubbornly high despite several Government incentives to avoid a property bubble. The country continues to grapple with high inflation in property and food prices. However, property prices slowed in March with fewer cities recording an increase, the Bureau said. House prices increased in 46 of ...