Tag: Chinese New Year

• Tuesday, January 17th 2023 - 10:39 UTC

  Scarce encouragement for the ocean freight industry from the Chinese New Year

  

  In a severe display of the weak demand undermining the containerized ocean freight industry, the latest data from Xeneta reveals carriers blanked more than six times the number of sailings on the main Asia to US West Coast corridor leading up to Chinese New Year as they did in the equivalent period of 2019, just before the global ´pandemic.

• Tuesday, January 21st 2020 - 06:43 UTC

  New Coronavirus strain human-to-human transmission confirmed; fears for Chinese New Year celebrations

  

  A SARS-like virus that has spread across China and reached three other Asian nations is contagious between humans, a government expert said, and the World Health Organization announced that a key emergency committee would meet this week to discuss the infections. The news came as Wuhan health authorities reported on Tuesday that a fourth person had died of the coronavirus.

• Saturday, November 4th 2017 - 09:48 UTC

  Chinese outbound tourism boom, but hyper sensitive to bad news

  

  The boom in Chinese outbound travel is set to keep on going, according to data from ForwardKeys, which helps forecast future travel by analyzing around 17 million flight booking transactions a day.

• Monday, February 15th 2016 - 07:20 UTC

  With Chinese New Year over, central bank reaffirms strong Yuan policy

  

  Chinese central bank governor Zhou Xiaochuan has accused “speculative forces” of targeting the country's currency, the Yuan, and argued there was no reason for the Yuan to keep depreciating in value and that China would not let international speculators dominate market sentiment.

• Saturday, February 15th 2014 - 05:54 UTC

  Despite New Year celebration, China's January inflation remained steady at 2.5%

  

  China's inflation rate remained subdued in January, despite rising food prices during the New Year celebrations. Consumer prices held steady at 2.5% from a year earlier, which was slightly higher than many economists expected.

• Thursday, February 13th 2014 - 01:35 UTC

  China trade surplus jumps in January, with imports increasing by 10%

  

  China's trade surplus jumped to 31.9bn dollars in January, easing concerns the world's second-largest economy may be stuck in a slowdown. The figure was up 14% from a year earlier and stronger than forecasts for a 23.7bn surplus.

• Tuesday, February 14th 2012 - 20:51 UTC

  New Year or Euro crisis: China’s January exports fall, imports plummet 15.3%

  

  China's exports fell in January the first decline in more than two years, raising fresh concerns about the impact of a global slowdown on its economy. Exports dipped 0.5% from a year earlier hurt by sluggish demand and factories being shut during the Lunar New Year.

• Monday, January 2nd 2012 - 21:56 UTC

  Chinese New Year helps spur manufacturers’ optimism

  

  China has seen an improvement in a key measure of manufacturing, boosting optimism that steady economic growth will continue into 2012. The purchasing managers' index rose to 50.3 in December from 49 in November, the statistical office said. A reading of more than 50 shows expansion.