Chief Economics Correspondent, China
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Apr 29, 2014

Massive, tornado-producing storms lash the U.S. Southeast

TUPELO, Mississippi (Reuters) – A storm system that killed more than 20 people continued its march across a large swath of the U.S. Southeast on Tuesday, packing baseball-sized hail, damaging winds and the threat of more tornados, meteorologists said.

Reports of the death toll varied, but CNN has put it at 29 lives across six states, and scores of people have been injured.

Apr 14, 2013

China poised to tap policy brakes as economy gathers speed

BEIJING, April 15 (Reuters) – China’s recovery from its
slowest year of economic growth since 1999 likely accelerated in
the first three months of 2013, fuelled by a credit boom that
could quickly be thrown into reverse if property speculation and
inflation gather pace.

A double-digit rise in bank lending and a surge in total
credit in the economy in the first three months of the year,
together with forecast-busting import growth in March, have set
analysts thinking the economy is expanding faster than expected
and policymakers may have to act to restrain it.

Apr 10, 2013

China March trade data signals strengthening recovery

BEIJING, April 10 (Reuters) – China saw a mild trade deficit
of $884 million in March as a forecast-busting 14.1 percent year
on year surge in imports eclipsed export growth of 10 percent,
signalling that domestic demand was gathering steam needed to
drive economic recovery.

Customs Administration data on Wednesday showed import
growth far in excess of the 5.2 percent expected, while exports
fell just short of the 10.5 percent rise forecast in the
benchmark Reuters poll.

Apr 9, 2013

Easing food prices, mild recovery cool China March inflation

BEIJING, April 9 (Reuters) – China’s annual consumer
inflation cooled in March as food prices eased from nine-month
highs and producer price deflation deepened, data showed on
Tuesday, leaving policymakers room to keep monetary conditions
easy and nurture a nascent recovery.

The National Bureau of Statistics’ March inflation data
reflected the tepid pace of the economic recovery that began
late last year and is likely to reduce fears that monetary
conditions could be tightened at an early stage in the recovery
cycle.

Mar 19, 2013

China eyes faster trade talks as trans-Pacific pact advances

BEIJING (Reuters) – China will hold three rounds of trade negotiations with Japan and South Korea this year and step up talks with other trading partners, the Ministry of Commerce said on Tuesday, as U.S. efforts to seal a trans-Pacific free trade deal gather pace.

China said the first set of talks on a three-way free trade agreement (FTA) with its two neighbors would be staged in Seoul, the South Korean capital, from March 26-28. They will then move to China, with a third leg to be held in Japan, ministry spokesman Shen Danyang told a news conference.

Mar 18, 2013

Analysis: China heads back to the ’90s in economic reform drive

BEIJING (Reuters) – China is poised to launch its most serious economic reform drive since the 1990s after a series of top appointments at the weekend put the architects of Zhu Rongji’s clash with state owned enterprises in charge of key economic agencies.

Vice Premier Ma Kai, Finance Minister Lou Jiwei and central bank governor Zhou Xiaochuan were all Zhu lieutenants at the State Commission for Restructuring the Economy, which drew up the blueprint to sever the army’s ties with business and make millions jobless as state-owned enterprises (SOEs) were reformed.

Mar 18, 2013

China heads back to the ’90s in economic reform drive

BEIJING, March 19 (Reuters) – China is poised to launch its
most serious economic reform drive since the 1990s after a
series of top appointments at the weekend put the architects of
Zhu Rongji’s clash with state owned enterprises in charge of key
economic agencies.

Vice Premier Ma Kai, Finance Minister Lou Jiwei and central
bank governor Zhou Xiaochuan were all Zhu lieutenants at the
State Commission for Restructuring the Economy, which drew up
the blueprint to sever the army’s ties with business and make
millions jobless as state-owned enterprises (SOEs) were
reformed.

Mar 17, 2013

China’s new premier pledges reform, sees risks

BEIJING (Reuters) – Chinese Premier Li Keqiang said on Sunday ensuring economic growth was the top priority for his government, pledging to fight graft, tackle vested interests and calling for an end to a cyber-hacking row with the United States.

Li’s first news conference as premier, at the close of the annual meeting of China’s rubber-stamp parliament that confirmed his appointment, covered topics that have been the principal focus of recent government rhetoric, with a strong emphasis on the necessity of reform to deliver long-term economic stability.

Mar 17, 2013

China’s new premier pledges reform, sees risks

BEIJING, March 17 (Reuters) – Chinese Premier Li Keqiang
said on Sunday ensuring economic growth was the top priority for
his government, pledging to fight graft, tackle vested interests
and calling for an end to a cyber-hacking row with the United
States.

Li’s first news conference as premier, at the close of the
annual meeting of China’s rubber-stamp parliament that confirmed
his appointment, covered topics that have been the principal
focus of recent government rhetoric, with a strong emphasis on
the necessity of reform to deliver long-term economic stability.

Mar 12, 2013

China home sales surge, tighter property rules seen

BEIJING, March 12 (Reuters) – China’s home price inflation
may be steeper than official data suggest, with a near
quadrupling of home sales in the capital last week after the
government unveiled tax plans to curb speculation, a sign that
investors have giant gains to lock in.

Pre-owned home sales in Beijing soared 280 percent
year-on-year in the week of March 2-8, according to local
government data, and were up 141 percent on the previous week.

    • About Nick

      "Nick Edwards is Reuters Chief Economics Correspondent in China. He has extensive experience in Asia and Europe, covering international financial crises on both continents. His current focus is China's development and its influence on international economics and investment markets. Nick has worked for Reuters News for 16 years in a range of assignments, including as Economics Editor for Reuters Insider TV and as Treasury News Editor for Reuters in EMEA."
      Joined Reuters:
      1996
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