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Sep 9, 2012

Analysis: China fattens pig farms to tame pork prices

JINHUA, China (Reuters) – The Jiahua pig farm in eastern Zhejiang province is on the frontline of China’s battle with food inflation, a prime example of how a shift in farming practices may someday stabilize the price of the nation’s favorite meat – and soothe a perennial headache for Beijing.

Pork prices are so volatile and have such an influence on inflation in the world’s second-largest economy that many Chinese joke that CPI stands for the “China Pork Index”.

Sep 9, 2012

Does history suggest China growth is about to rebound?

BEIJING (Reuters) – The last time China’s vast manufacturing sector had conditions like those in August it was March 2009 and the economy was about to rebound from the global financial crisis.

This time around analysts are not so certain a clear recovery for the major global growth engine will come anytime soon.

Aug 3, 2012

China, India service sectors counter downturn with steady growth

BEIJING/BANGALORE (Reuters) – The services sectors in emerging powerhouses China and India grew in July at a healthy pace, providing vital support for the two economies as their manufacturing sectors struggle with the global downturn.

China’s official purchasing managers’ index (PMI) for the services sector fell to 55.6 in July from 56.7 in June, while a similar private-sector survey sponsored by HSBC headed in the opposite direction, rising to 53.1 from a 10-month low in June of 52.3.

Aug 3, 2012

China services sector maintains healthy growth in July

BEIJING (Reuters) – China’s services sector expanded in July at a healthy clip, in contrast to a struggling manufacturing sector, although surveys released on Friday showed some signs of weakness in new orders and pressure from overcapacity.

China’s official purchasing managers’ index (PMI) for the services sector fell to 55.6 in July from 56.7 in June, the National Bureau of Statistics said. Growth in new orders eased, although construction services jumped.

Aug 3, 2012

China official services PMI falls to 55.6 in July

BEIJING (Reuters) – China’s official purchasing managers’ index (PMI) for the services sector fell to 55.6 in July from 56.7 in June as growth in new orders eased, although a construction services sub-index strengthened, the National Bureau of Statistics said on Friday.

The services sector index follows two PMI surveys of China’s vast manufacturing industry that showed smaller, private firms beginning to stabilise while larger, state-owned enterprises faced continuing pressure from unsold inventories and slowing growth.

Aug 1, 2012

Asian factories sputter as Europe sinks

LONDON/BEIJING, Aug 1 (Reuters) – Euro zone manufacturing
took another turn for the worse last month as output plummeted,
hammering home the scale of the region’s economic crisis which
also depressed export orders from factories in China and India.

Surveys of thousands of factories across the world released
on Wednesday showed activity in the 17-nation euro zone
contracted for the eleventh straight month in July as a downturn
that began in the periphery sank deeper roots into the core.

Aug 1, 2012

Asian factories sputter as Europe sinks -PMIs

LONDON/BEIJING, Aug 1 (Reuters) – Euro zone manufacturing
took another turn for the worse last month as output plummeted,
hammering home the scale of the region’s economic crisis which
also depressed export orders from factories in China and India.

Surveys of thousands of factories across the world released
on Wednesday showed activity in the 17-nation euro zone
contracted for the eleventh straight month in July as a downturn
that began in the periphery sinks deeper roots into the core.

Aug 1, 2012

China labors, Asian exporters struggle

BEIJING (Reuters) – Asia’s powerhouse manufacturing centers suffered weak export orders and declining output in July, surveys of purchasing managers showed on Wednesday, as misery wrought by the euro zone debt crisis poured pessimism over the region.

Global markets have been filled with doubt this week over whether the U.S. Federal Reserve and the European Central Bank, meeting later on Wednesday and Thursday respectively, will or can do enough to lift the world economy.

Aug 1, 2012

China labours, Asian exporters struggle-PMIs

BEIJING, Aug 1 (Reuters) – Asia’s powerhouse manufacturing
centres suffered weak export orders and declining output in
July, surveys of purchasing managers showed on Wednesday, as
misery wrought by the euro zone debt crisis poured pessimism
over the region.

Global markets have been filled with doubt this week over
whether the U.S. Federal Reserve and the European Central Bank,
meeting later on Wednesday and Thursday respectively, will or
can do enough to lift the world economy.

Aug 1, 2012

China official PMI shows factory sector barely growing

BEIJING (Reuters) – China’s official factory purchasing managers’ index fell to an eight-month low of 50.1 in July from 50.2 in June, suggesting the sector is barely growing, a survey by the National Bureau of Statistics showed on Wednesday.

The figures showed that factory output was expanding, but that new orders, including new export orders, were contracting in July more deeply than in June.

    • 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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