Tag: China economy

Monday, February 1st 2016 - 09:36 UTC
China's manufacturing contracts for sixth month running in January

Activity in China's manufacturing sector contracted for the sixth month in a row in January - and hit its lowest level since 2012. According to the government's latest factory survey, the Purchasing Managers' Index (PMI) showed a reading of 49.4 for the month compared to December's reading of 49.7.
Tuesday, November 10th 2015 - 08:00 UTC
China imports drop for twelfth month running: 18.8% in October

China saw imports drop for the twelfth month in a row in October giving further cause for concern over the Chinese economy. Imports by the world's biggest trader of goods fell 18.8% from a year earlier to $130.8bn, a slight improvement on September's 20.4% decline.
Tuesday, November 10th 2015 - 06:17 UTC
OECD lowers global growth estimate; sharp downturn in emerging markets

A further sharp downturn in emerging market economies and world trade has weakened global growth to around 2.9% this year – well below its long-term average – and is a source of uncertainty for near-term prospects, the Organization for Economic Co-operation and Development (OECD) said on Monday.
Monday, October 19th 2015 - 09:47 UTC
China's growth below target; monetary policy stimuli expected

China's economy grew 6.9% in the third quarter, the weakest rate since the global financial crisis. The growth rate is below the government's 7% target. Though slightly above expectations, the data is expected to raise pressure on policymakers to step up monetary policy to stem the slowdown.
Tuesday, September 1st 2015 - 06:12 UTC
China's factory activity contracts at its fastest in three years in August

China's factory activity contracted at its fastest pace in three years in August, confirming fears that the country's growth is continuing to slow. The official manufacturing purchasing managers' index (PMI) dropped to 49.7 from 50 in July.
Friday, August 21st 2015 - 06:34 UTC
Shanghai Composite's 'virus' reaches Western markets

Asian stocks saw sharp falls on Friday as mounting concerns over China's slowing economy continued to affect global markets. It follows big falls in US and European markets on Thursday, with the Dow Jones dropping more than 2%.
Monday, May 11th 2015 - 10:08 UTC
China's cuts interest rates to reduce cost of borrowing and boost the economy

China's central bank announced Sunday it would cut interest rates by 25 basis points as authorities seek to boost the flagging economy following a raft of data indicating a slowdown. The benchmark one-year lending rate would be reduced to 5.1% and the deposit rate to 2.25% from Monday, the People's Bank of China (PBoC) said on its website.
Monday, April 20th 2015 - 06:24 UTC
China cuts banks' reserve ratio to bolster lending and a weak economy

China's central bank is to cut its bank reserve requirement ratio by one percentage point. The People's Bank of China said that the new reserve requirement would take effect from Monday. The aim is to stimulate more lending into the nation's slowing economy.
Friday, March 6th 2015 - 18:21 UTC
China lowers 2015 growth estimate to 7%; in 2014 expansion was the slowest in 24 years

Shares in China fell after the country's government set its official growth target at 7% for this year. The rate is lower than last year's target of 7.5%, which China missed after it grew at the slowest pace in 24 years. The Shanghai Composite closed down 1% at 3,248.48, while Hong Kong's Hang Seng ended 1.1% lower at 24,193.04.
Wednesday, January 21st 2015 - 06:44 UTC
China last year grew at its weakest in 24 years, but could be bouncing back

China's economic growth slowed to its weakest in 24 years, expanding 7.4% last year from 7.7% in 2013. Growth in the world's second largest economy missed its official annual growth target of 7.5% for the first time in 15 years. But, the annual growth figures still came in higher than market expectations of about 7.2%.