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Dec 14, 2012

China HSBC factory flash PMI fuels recovery hopes

BEIJING, Dec 14 (Reuters) – China’s vast manufacturing
sector expanded in December at its fastest pace in 14 months as
new orders and employment rose, a survey showed on Friday,
adding to evidence of a pick up in the economy that helped to
boost market sentiment.

The HSBC flash purchasing managers’ index for December rose
to 50.9, the highest level since October 2011 and the fifth
straight monthly gain. A figure above 50 indicates that growth
is accelerating, while one below 50 shows slowing growth.

Dec 14, 2012

China HSBC December flash manufacturing PMI firms to 50.9

BEIJING (Reuters) – Growth in China’s vast manufacturing sector picked up in December, a preliminary private survey showed, with rises in areas such as new orders and employment underlining a brighter outlook for the economy in coming months.

The HSBC flash purchasing managers’ index for December rose to 50.9, a 14-month high and the fifth straight monthly gain. A figure above 50 indicates that growth is accelerating, while one below 50 shows slowing growth.

Dec 3, 2012

Chinese factories see growth, Europe slump eases

LONDON/BEIJING, Dec 3 (Reuters) – Chinese manufacturing
returned to growth in November for the first time in over a year
and the deep downturn in euro zone factories eased slightly,
according to business surveys on Monday.

Monday’s purchasing managers indexes (PMIs) suggested China,
whose economy has misfired this year, is regaining its vigour
going into 2013.

Dec 3, 2012

Factory surveys show China reviving, global rebound fragile

BEIJING (Reuters) – China’s economy picked up in November but a broader global recovery remains fragile and patchy, a clutch of factory surveys suggested on Monday, with activity elsewhere in Asia remaining subdued amid depressed demand from the developed world.

The euro zone, where factory surveys are due later, is on course for its worst quarter since the depths of the global financial crisis in early 2009. The U.S. picture is brighter, but manufacturing growth is still seen slowing in the fourth quarter.

Dec 2, 2012

China PMI survey shows growth reviving, but uneven

BEIJING (Reuters) – China’s economy resumed momentum in November, but there are still signs of over-reliance on growth from the inefficient state sector, a series of purchasing managers’ surveys shows.

The official manufacturing purchasing managers’ index (PMI) rose to a 7-month high of 50.6 in November from 50.2 in October, the National Bureau of Statistics (NBS) said on Saturday, following on a preliminary private sector survey that showed factory activity reviving to a 13-month high.

Nov 22, 2012

HSBC China flash PMI at 13-month high as growth quickens

BEIJING (Reuters) – China’s vast manufacturing sector saw expansion accelerate in November for the first time in 13 months, preliminary results from a factory survey showed, a sign that the pace of economic growth has revived after seven consecutive quarters of slowdown.

The China HSBC Flash Manufacturing Purchasing Managers Index (PMI) rose to a 13-month high of 50.4 in November, the latest indicator of recovery in the real economy after data showing solid credit growth, firmer exports and rising industrial output in the previous month.

Nov 22, 2012

HSBC China Nov PMI turns bullish; highest in 13 months

BEIJING (Reuters) – China’s vast manufacturing sector saw expansion accelerate in November for the first time in 13 months, preliminary results from a factory survey showed, a sign that the pace of economic growth has revived after seven consecutive quarters of slowdown.

The China HSBC Flash Manufacturing Purchasing Managers Index (PMI) rose to a 13-month high of 50.4 in November, the latest indicator of recovery in the real economy after data showing solid credit growth, firmer exports and rising industrial output in the previous month.

Nov 13, 2012

Protectionsm in West may push Chinese investors elsewhere-bank chief

BEIJING, Nov 13 (Reuters) – Chinese firms wanting to invest
overseas are likely to turn more to developing countries in the
face of rising protectionism in the West, the head of one of the
country’s biggest banks funding overseas development said on
Thursday.

China, which often says its companies face barriers in
investing in the West, is currently awaiting a Canadian ruling
on state-owned CNOOC Ltd’s $15.1 billion bid to buy
Nexen Inc.. Canada has delayed its decision twice.

Nov 10, 2012

U.S. solar panel duties could cost it China market – minister

BEIJING (Reuters) – The U.S. decision to approve steep duties on Chinese-made solar panels could cost American exporters a growing market, Chinese Commerce Minister Chen Deming said on Saturday, adding that he didn’t want to see a trade war.

The U.S. International Trade Commission voted last week in favor of duties ranging from 23.75 percent to about 250 percent, ruling that a flood of cheap solar panels from China had hurt U.S.-based manufacturers. Similar cases are under way in Germany.

Nov 10, 2012

China derides U.S. “Cold War mentality” towards telecoms firm Huawei

BEIJING (Reuters) – The United States is exhibiting a “Cold War mentality” with its fears that Chinese telecommunications equipment manufacturer Huawei poses a security risk because of its ties to the Communist Party, China’s commerce minister said on Saturday.

The U.S. House of Representatives’ Intelligence Committee warned last month that Beijing could use equipment made by Huawei, the world’s second-largest maker of routers and other telecom gear, as well as rival Chinese manufacturer ZTE, the fifth largest, for spying.

    • About Lucy

      "I am the Reuters Insider correspondent in China, where I have lived for ten of the last 15 years. Prior areas of coverage include political and general news, as well as commodities and energy policy and markets."
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