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This tag is associated with 14 posts

China PMI steadies, but doesn’t dispel growth worries


Activity in China’s factories increased marginally in April but export orders fell sharply, a government survey showed on Thursday, adding to questions about whether the world’s second-largest economy is stabilizing after its first-quarter slowdown. The data came a day after Premier Li Keqiang pledged to step up support for the trade sector, adding to measures … Continue reading

Final China HSBC PMI dips to six-month low in January as new orders weaken


Business conditions for China’s manufacturers worsened in January as output and new order growth weakened, a private survey showed on Thursday, pointing to a weak start for the economy in 2014. The Markit/HSBC final manufacturing PMI for January dipped to 49.5 from December’s 50.5, the first deterioration in six months. The figure was in line … Continue reading

China surpasses US as world’s largest trading nation


China became the world’s largest trading nation in 2013, overtaking the US in what Beijing described as “a landmark milestone” for the country. China’s annual trade in goods passed the $4tn (£2.4tn) mark for the first time last year according to official data, after exports from the world’s second largest economy rose 7.9% to $2.21tn and … Continue reading

Job prospects grim for China’s 7 million fresh graduates


When James Zhao, 23, read news reports last Friday claiming Renren, the “Facebook of China“, could be laying off three-quarters of the staff at its 3G technology department, his heart sank. Having been unsuccessful in his job applications to several multinational tech firms, including mobile giant Motorola, he was hoping to have better luck with … Continue reading

January reading of China’s PMI at highest level for 2 years


The published data for the Chinese PMI manufacturing sector shows that in January the final reading of the index was at its highest level in 2 years. In the past month, its value rose to 52.3 from 51.5 in December. Recent data indicates improving conditions in the Chinese industrial sector for the third month in … Continue reading

China January PMIs signal mild recovery in place


China’s giant manufacturing sector extended its mild recovery in January with weak foreign demand still crimping growth, a pair of surveys showed, underscoring that the country’s rebound from its worst downturn in 13 years remains modest. Two separate versions of the purchasing managers’ index (PMI) released on Friday showed factory output in the world’s second-largest … Continue reading

Chinese yuan will be convertible within 5 years; HSBC economists


HSBC economists (Hogbin Qu, HSBC chief economist for China and two other HSBC economists specialising in the analysis of the Chinese market – Sun Junwei and Ma Xiaoping) believe that the Chinese yuan will become a convertible currency in the next five years. The announcement hopes to accelerate the opening of the Chinese “capital account” … Continue reading

China’s non-manufacturing industries expand at a faster pace


China’s non-manufacturing industries expanded at a faster pace in October, adding to evidence the world’s second-biggest economy is recovering after a seven- quarter slowdown. The purchasing managers’ index rose to 55.5 from 53.7 in September, the National Bureau of Statistics and China Federation of Logistics and Purchasing said in Beijing today. A reading above 50 … Continue reading

Further signs of a strengthening Chinese economy


Manufacturing and, more importantly, order volumes from international customers have both risen this month, according to the South China Morning Post. The China HSBC Flash Manufacturing Purchasing Managers Index (PMI) recorded a three-month high in output. Despite GDP just missing the official government target in Q3, this news is the latest in a string of … Continue reading

Surveys point to slowdown in Chinese economy


China’s vast manufacturing sector has been badly hit by slowing new orders, two complementary surveys showed, a sign that the pace of growth in the world’s second-largest economy will weaken well into the third quarter. The final reading of the HSBC China manufacturing purchasing managers’ index (PMI) for August fell to a seasonally adjusted 47.6, … Continue reading

China factory data signals weak first-half growth


China‘s factories faltered in May as export orders fell to two month lows, a private sector survey showed on Thursday, suggesting surprise weakness in April’s hard economic data persists even as policymakers seek to shore up growth. The HSBC Flash Purchasing Managers Index, the earliest indicator of China’s industrial sector, retreated to 48.7 in May … Continue reading

China April HSBC services PMI rises to 6-month high


China‘s services sector enjoyed its busiest month in half a year in April, with business expectations at their highest level in 12 months, a private sector survey of purchasing managers showed on Friday. The seasonally adjusted HSBC China Services Purchasing Managers Index (PMI) rose to 54.1 in April from 53.3 in March, its strongest reading … Continue reading

China factories bottoming out, HSBC PMI signals


China‘s manufacturing sector showed fresh signs of bottoming out in April, with export orders ticking up, but activity still contracted for a sixth consecutive month, according to a private sector survey on Wednesday. “The seasonal rebound this year was much weaker than that in the past, suggesting growth momentum remains soft,” Barclay’s Capital analyst Yiping … Continue reading

China’s official PMI rises to 13-month high in April


China‘s official purchasing managers’ index (PMI) rose to a 13-month high in April, signalling the economy has found a footing and may be recovering from a first-quarter trough, but smaller factories are still struggling. The pick-up in the PMI to 53.3 from 53.1 in March indicated a further expansion in the vast factory sector, although … Continue reading

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