Lucy's Feed
Jun 11, 2012

China’s growth flags in May, but exports strong

BEIJING, June 11 (Reuters) – China’s inflation, industrial
output and retail sales all flagged in May for a second straight
month of sluggish growth that galvanised policymakers last week
into taking their boldest action yet to combat a sharpening
slowdown.

A flurry of data over the weekend explained China’s surprise
cut in interest rates on Thursday – its first since the global
financial crisis – by showing the extent of the domestic
economy’s weakness. The rate cut followed a number of measures
designed to get money flowing back into the economy.

Jun 11, 2012

China’s growth flags in May, more policy support seen

BEIJING (Reuters) – China’s inflation, industrial output and retail sales all flagged in May for a second straight month of sluggish growth that galvanized policymakers last week into taking their boldest action yet to combat a sharpening slowdown.

A flurry of data over the weekend explained China’s surprise cut in interest rates on Thursday – its first since the global financial crisis – by showing the extent of the domestic economy’s weakness. The rate cut followed a number of measures designed to get money flowing back into the economy.

Jun 10, 2012

China’s growth flags in May ahead of rate cut

BEIJING, June 11 (Reuters) – China’s inflation, industrial
output and retail sales all flagged in May for a second straight
month of sluggish growth that galvanised policymakers last week
into taking their boldest action yet to combat a sharpening
slowdown.

A flurry of data over the weekend explained China’s surprise
cut in interest rates on Thursday – its first since the global
financial crisis – by showing the extent of the domestic
economy’s weakness. The rate cut followed a number of measures
designed to get money flowing back into the economy.

Jun 6, 2012

Surveys vie to capture the Chinese consumer

BEIJING/SHANGHAI, June 6 (Reuters) – Fashion-conscious
Shanghainese Xing Chunhui spends her weekend window shopping,
pausing for meals or tea with friends, before going online to
see if she can get the same clothes cheaper.

Tracking her consumer behaviour and determining whether she
will do the same next weekend is a growth industry in China,
where public and private surveyors are battling to develop an
authoritative consumer confidence index.

Jun 6, 2012

Analysis: Surveys vie to capture the Chinese consumer

BEIJING (Reuters) – Fashion-conscious Shanghainese Xing Chunhui spends her weekend window shopping, pausing for meals or tea with friends, before going online to see if she can get the same clothes cheaper.

Tracking her consumer behavior and determining whether she will do the same next weekend is a growth industry in China, where public and private surveyors are battling to develop an authoritative consumer confidence index.

Jun 1, 2012

China’s official PMI retreats more than expected in May

BEIJING, June 1 (Reuters) – China’s official purchasing
managers’ index fell more than expected to 50.4 in May, the
weakest reading this year and down from April’s 13-month high,
in the latest sign that output in the world’s second-biggest
economy is cooling.

Economists polled by Reuters had expected the official PMI,
which captures activity in the biggest factories in the country
- many of them state-backed – to retreat to 52.2 for May, from
53.3 in April.

May 31, 2012

China PMIs likely to show factories cooled in May

BEIJING, June 1 (Reuters) – A duelling pair of surveys of
China’s vast manufacturing sector on Friday is likely to show
that the pace of output slowed further in May, as weak domestic
demand doused April’s sparks of strength.

China’s official Purchasing Managers Index (PMI), which
captures activity in the biggest factories in the country – many
of them state-backed – is likely to have eased to 52.2 in May
from a 13-month high in April, according to a Reuters poll. The
figures are due to be published at 0100 GMT.

May 24, 2012

China factory data signals weak first-half growth

BEIJING (Reuters) – China’s factories took a hit in May as export orders fell sharply, a private sector survey showed on Thursday, suggesting surprise weakness in April’s hard economic data persists even as policymakers seek to shore up growth.

The HSBC Flash Purchasing Managers Index, the earliest indicator of China’s industrial activity, retreated to 48.7 in May from a final reading of 49.3 in April. It marked the seventh consecutive month that the HSBC PMI has been below 50, indicating contraction.

May 24, 2012

China May factory activity turns down – HSBC Flash PMI

BEIJING (Reuters) – China’s factories took a hit in May as export orders fell sharply, a private sector survey showed on Thursday, suggesting surprise weakness in April’s hard economic data persists even as policymakers seek to shore up growth.

The HSBC Flash Purchasing Managers Index, the earliest indicator of China’s industrial activity, retreated to 48.7 in May from a final reading of 49.3 in April. It marked the seventh consecutive month that the HSBC PMI has been below 50, indicating contraction.

May 21, 2012

China opens vast rail system to private investment

BEIJING, May 21 (Reuters) – China’s railway industry will
open to private investment on an unprecedented scale, according
to a document issued this weekend by the Ministry of Railways,
which is struggling with mounting debts and a corruption scandal
while attempting to resolve the country’s infrastructure
bottlenecks.

Private investors will be encouraged to bid for contracts,
subsidiaries will be allowed to list shares, and pension funds
welcomed to invest in railway companies, the ministry said in a
policy document issued late Friday.

    • 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."
    • Follow Lucy