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Apr 1, 2014

China home price growth seen slowing to 4.3 pct in 2014

BEIJING, April 1 (Reuters) – China’s home price inflation is
likely to slow in 2014 compared with the previous year as
liquidity conditions tighten, a Reuters poll showed, though some
small cities plagued with oversupply might see a price
correction.

A Reuters poll of economists and property market analysts,
conducted between March 21 and 31, predicted a 4.3 percent rise
in China’s house prices in 2014 and a 3.0 percent increase in
2015.

Mar 28, 2014

China’s premier seeks to reassure markets with pledge of support for economy

BEIJING, March 28 (Reuters) – China’s Premier Li Keqiang
sought to reassure jittery global investors that Beijing was
ready to support the cooling economy, saying the government had
the necessary policies in place and would push ahead with
infrastructure investment.

Recent weak economic data and mounting signs of financial
risks have dimmed outlook for the world’s second-largest
economy, sparking talk of imminent government action or even a
mini-stimulus plan to shore up growth.

Mar 25, 2014

China needs new market-based approach to urbanization: World Bank

BEIJING (Reuters) – China should let market forces play a greater role in its drive to boost the urban population to accomplish its goal of ensuring sustained, consumer-led growth, the World Bank said in a report on Tuesday.

In the report jointly prepared with China’s Development Research Center, a top-level policy think tank, the World Bank said a market-based allocation of resources would lead to sustainable urbanization.

Mar 6, 2014

China’s Juneyao in talks with Boeing, Airbus on plane orders – chairman

BEIJING, March 6 (Reuters) – China’s Juneyao Group, the
parent of Juneyao Airlines, is in talks with planemaker Boeing
and Airbus about acquiring more than 20 more
planes, its chairman said on Thursday.

The aircraft will be used by a low-cost airline Juneyao
plans to launch in the second half of the year, Chairman Wang
Junjin told Reuters on the sidelines of China’s annual
parliament session in Beijing.

Jan 3, 2014

China December services PMI falls to four-month low

BEIJING (Reuters) – Growth in China’s services sector fell to a four-month low in December as business expectations dropped, a government survey showed, adding to evidence that the world’s second-largest economy lost steam into the close of 2013.

The official purchasing managers’ index (PMI) for the non-manufacturing sector dropped to 54.6 in December from November’s 56, the National Bureau of Statistics said on Friday.

Jan 2, 2014

China factory activity surveys confirm slowing momentum

BEIJING (Reuters) – China’s factory activity slowed in December, official and private manufacturing surveys showed, reinforcing views that growth in the world’s second-largest economy moderated in the final quarter of 2013.

The final HSBC/Markit manufacturing Purchasing Managers’ Index (PMI) slipped to a three-month low of 50.5 in December from 50.8 in November. Thursday’s reading was unchanged from a preliminary figure issued last month.

Dec 18, 2013

As China’s home prices surge anew, signs emerge of a slowdown ahead

BEIJING (Reuters) – China’s home prices rose at the quickest annual pace on record in November, but signs emerged that the government’s four-year effort to cool the market may be starting to bear fruit as monthly gains marked the slowest this year.

House prices in China have surged in the past year, in part due to a view that property remains one of the best investments, prompting the government to introduce targeted measures aimed at restraining the market without damaging one of the pillars of growth in a slowing economy.

Dec 3, 2013

PMI shows China’s services sector resilient in November

BEIJING (Reuters) – Growth in China’s services sector held near one-year highs in November, another indicator of strength as the government prepares to introduce sweeping reforms to restructure the world’s second-largest economy.

The official purchasing managers’ index (PMI) for the non-manufacturing sector dipped slightly to 56 in November from a 13-month high of 56.3 in October, the National Bureau of Statistics said on Tuesday.

Nov 26, 2013

China home price rises seen slowing to 5 pct in 2014

BEIJING, Nov 26 (Reuters) – House prices in China are likely
to continue to rise in 2014, though at a slower pace than this
year due to relatively tight credit control and government
measures aimed at fostering a more sustainable property market.

A Reuters poll of 16 economists and property market
analysts, conducted Nov. 13-22, predicts a 5.0 percent rise in
China’s house prices next year after a forecast 10.0 percent
increase in 2013.

Oct 22, 2013

China Sept home price growth at near 3-yr high, adds to govt dilemma

BEIJING, Oct 22 (Reuters) – China’s home prices rose the
most in nearly three years in September, adding to fears that a
property bubble is emerging heading into a Communist Party
leaders’ meeting next month.

Average new home prices in 70 major Chinese cites climbed
9.1 percent last month from a year ago, led by a surge in big
cities including Beijing and Shanghai, according to Reuters
calculations.