Shanghai Bureau Chief
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Mar 28, 2011

P&G, Unilever up China prices amid inflation worries

SHANGHAI (Reuters) – Consumer goods giants Procter & Gamble (PG.N: Quote, Profile, Research, Stock Buzz) and Unilever (ULVR.L: Quote, Profile, Research, Stock Buzz) will both raise their prices on detergent and soap in China by up to 15 percent next month, local media reported, underscoring the challenges Beijing faces to rein in inflation.

Policy makers in the world’s second-largest economy have been racing to contain consumer prices, which rose 4.9 percent in February from a year earlier, to prevent inflationary expectations from settling in and contributing to further rises in the prices of everything from broccoli to beer.

Mar 28, 2011

P&G, Unilever up China prices, highlights govt inflation task

SHANGHAI, March 28 (Reuters) – Consumer goods giants Procter
& Gamble and Unilever will both raise their
prices on detergent and soap in China by up to 15 percent next
month, local media reported, underscoring the challenges Beijing
faces to rein in inflation.

Policy makers in the world’s second-largest economy have
been racing to contain consumer prices, which rose 4.9 percent
in February from a year earlier, to prevent inflationary
expectations from settling in and contributing to further rises
in the prices of everything from broccoli to beer.

Mar 22, 2011

Supply monopoly to keep iron ore prices high-China official

QINGDAO, China, March 22 (Reuters) – Spot iron ore prices
will remain high this year as supply remains controlled by a few
big suppliers, an official from China’s industry group said on
Tuesday, although traders said slower demand from top buyer
China may weaken prices in the near term.

“Iron prices will stay high and fluctuate this year as the
raw material is becoming more financialised and still in
monopoly, ” Liu Yinan, vice chairman of the China Chamber of
Commerce of Metals, Minerals and Chemicals Importers and
Exporters, told an industry conference.

Mar 18, 2011

China Money: China IRS, stocks, yuan seen up after reserve hike

SHANGHAI, March 18 (Reuters) – Chinese interest rate swaps,
share prices and the yuan are all expected to rise on Monday,
though for different reasons, after the central bank
unexpectedly raised banks’ reserve requirement ratios (RRR)
after markets had closed on Friday.

The 50 basis point increase in the proportion of deposits
that banks must hold on reserve with the People’s Bank of China
(PBOC), the third such rise this year and the sixth since
November, will catch many investors off guard. [ID:nTOE722076]

Feb 15, 2011

Chinese steelmakers lift March prices on high cost

SHANGHAI, Feb 15 (Reuters) – Two top Chinese steelmakers
will raise their main product prices for the third month in a
row in March, a widely-expected move to cope with surging raw
material costs and to reflect a positive outlook for demand.

Asian steelmakers have struggled with surging costs of
coking coal and iron ore amid a supply squeeze over the past few
months.

Feb 14, 2011

Chinese shares up, yields down on talk of inflation easing

SHANGHAI (Reuters) – Chinese stocks posted their best day in two months on Monday, while interest rate swaps (IRS) and bond yields fell moderately, as talk of slower-than-expected inflation in January relieved a market haunted of late by expectations of more monetary tightening.

Traders said that consumer prices (CPI) may have risen 4.9 percent in the year to January, well below the consensus forecast of 5.3 percent. The official data will be announced on Tuesday.

Feb 9, 2011

Shares fall after rate rise, yields edge up

SHANGHAI, Feb 9 (Reuters) – Chinese shares fell on Wednesday
after the central bank raised interest rates for the second time
in just over six weeks in a bid to rein in stubbornly high
inflation, while bond yields and the yuan’s mid-point edged up.

The benchmark Shanghai Composite Index ended 0.9
percent lower, with most of the losses racked up after the
midday break.

Feb 9, 2011

Property shares fall after rate rise, yuan firm

SHANGHAI, Feb 9 (Reuters) – Shares in Chinese property firms
fell on Wednesday after the central bank raised interest rates
for the second time in just over six weeks to rein in stubbornly
high inflation, although the broader market held largely steady.

The benchmark Shanghai Composite Index inched down
just 0.03 percent by the mid-day break ,
after the market reopened on Wednesday following a
week-long break for the Lunar New Year holiday. Insurers rose
and banks largely fell.

Feb 9, 2011

China shares down slightly after interest rate rise

SHANGHAI (Reuters) – Chinese shares fell slightly in early trade on Wednesday, taking the central bank’s interest rate rise the night before mostly in stride, though property firms underperformed given the impact monetary tightening could have on them.

The benchmark Shanghai Composite Index was down 0.4 percent as of 0155 GMT, minutes after the market reopened following a week-long break for the Lunar New Year holiday.

Feb 9, 2011

Shares down slightly after interest rate rise

SHANGHAI, Feb 9 (Reuters) – Chinese shares fell slightly in
early trade on Wednesday, taking the central bank’s interest rate
rise the night before mostly in stride, though property firms
underperformed given the impact monetary tightening could have on
them.

The benchmark Shanghai Composite Index .SSEC was down 0.4
percent as of 0155 GMT, minutes after the market reopened
following a week-long break for the Lunar New Year holiday.

    • About Jason

      "Jason leads Reuters' coverage of China's financial markets from Shanghai. Prior to moving there at the start of 2010, he reported on the Chinese economy and policy from Beijing, where he lived for a decade."
      Joined Reuters:
      2005
      Languages:
      Mandarin, German
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