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Nov 9, 2012

Chinese state firms say reform should mean more growth

BEIJING, Nov 9 (Reuters) – China’s big state-owned
enterprises argued for continued expansion on Friday, echoing
outgoing President Hu Jintao’s comments urging more investment
in major government firms and curtailing hopes of reform in the
bloated sector.

Party delegates spent day two of the 18th Communist Party
Congress holding public debates on Hu’s speech at which they
read out bits that they particularly liked. Reuters reporters
heard no one disagreeing with what Hu said in a nearly
two-hour-long speech.

Nov 9, 2012

Chinese state-owned enterprises defend further growth

BEIJING, Nov 9 (Reuters) – Bosses of Chinese state-owned
enterprises argued for continued expansion on Friday, defending
themselves against charges that their firms are in urgent need
of reform with claims they are vital to national economic
security while still struggling with the legacy of the planned
economy.

Chinese reformers and Western governments have taken aim at
the state sector in recent years, claiming it gets the lion’s
share of preferential loans and policies. The calls for reform
had built up as factions manoeuvred ahead of a once-in-a-decade
leadership transition.

Nov 5, 2012

China October HSBC services PMI slips

BEIJING (Reuters) – A private survey of China’s growing services sector slipped in October, with weaker-than-expected new orders injecting a note of caution after three previous PMI surveys for October showed the Chinese economy regaining momentum.

The HSBC Purchasing Managers Index for the services sector eased to 53.5 from September’s four-month high of 54.3, as higher costs and greater competition squeezed margins. The index remained above the 50-point level that indicates accelerating growth, reflecting the overall expansion in the services sector as the Chinese economy matures.

Nov 1, 2012

Asian factories perk up, U.S. shows improvement

NEW YORK/BEIJING (Reuters) – Asia’s large economies started to pick up steam last month after a year of slower growth, surveys showed on Thursday, while U.S. manufacturing showed modest improvement.

The jury was out on whether the data signaled sustained improvement in the fragile global economy, although analysts said strength in the United States and China, the world’s two biggest economies, was essential to overall economic well-being.

Nov 1, 2012

Asian factories, U.S. jobs show improvement

BEIJING/SEOUL, Nov 1 (Reuters) – Big Asian economies are
slowly picking up after a year battling global headwinds,
business surveys and data showed on Thursday, with renewed vim
from China’s factories and a rebound in South Korean exports.

There were also signs of some improvement in the U.S.
economy which added 158,000 job in October, data from a payrolls
processor showed, far more than the 135,000 predicted in a
Reuters poll.

Nov 1, 2012

Asian factories show signs of slow recovery

BEIJING/SEOUL, Nov 1 (Reuters) – Big Asian economies are
slowly picking up after a year spent battling against global
headwinds, according to business surveys and data released on
Thursday that showed renewed vim from China’s factory sector and
a rebound in South Korean exports.

A U.S. factory survey later – closely watched in Asia as a
pointer towards export and production trends – is likely to show
more evidence of a sluggish recovery with a second straight
month of expansion in manufacturing.

Nov 1, 2012

Asian factory sector shows signs of slow recovery

BEIJING/SEOUL (Reuters) – Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released on Thursday that showed renewed vim from China’s factory sector and a rebound in South Korean exports.

A U.S. factory survey later – closely watched in Asia as a pointer towards export and production trends – is likely to show more evidence of a sluggish recovery with a second straight month of expansion in manufacturing.

Nov 1, 2012

Twin China PMI surveys show economy perking up

BEIJING (Reuters) – China’s economy is finally regaining traction, official and private sector factory surveys showed on Thursday, although the recovery remains sluggish with the latter recording its 12th straight month of slowing growth.

Evidence is mounting that the economy revived in October after domestic credit curbs and poor demand from overseas markets pushed economic growth in the third quarter to its weakest rate since the depths of the global financial crisis.

Nov 1, 2012

China Oct official factory PMI rises to 50.2

BEIJING, Nov 1 (Reuters) – China’s official factory
purchasing managers’ index rose to 50.2 in October from 49.8 in
September, recovering from a two-month dip into contracting
territory, the National Bureau of Statistics said on Thursday.

Economists polled by Reuters this week had expected the
October official PMI to rise to 50.3, confirming a trend toward
recovering growth in the world’s second-largest economy.

Oct 15, 2012

Tame China inflation takes pressure off policymakers

BEIJING (Reuters) – Benign inflation in September showed China has scope to ease policy even as evidence mounts that earlier pro-growth measures are gaining traction, reducing the pressure on policymakers to act as a once-a-decade leadership transition approaches.

Signs that lending is finally perking up, the approaching end to the destocking cycle and stable employment could allow policymakers to argue that steps taken earlier this year to support the economy in the face of strong global headwinds have worked.

    • 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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