China manufacturing growth slows in April, hit by tightening
BEIJING (Reuters) – China’s manufacturing growth slowed in April, a survey showed on Sunday, suggesting that the government’s tightening efforts have weighed on the world’s second-largest economy more heavily than expected.
The official purchasing managers’ index for China fell to 52.9 in April from 53.4 in March, well shy of market forecasts for an increase to 54.0.
Chinese clout seen in Brazil, Greece, Spain meetings
BEIJING, April 12 (Reuters) – China’s growing global
economic footprint was on display on Tuesday, with a Greek
minister saying Beijing will help his country overcome its debt
crisis and a Brazilian official brandishing a big jet order from
Chinese airlines.
A parade of foreign leaders are in China this week to attend
a summit of BRICS countries — Brazil, Russia, India, China and
South Africa — and the Boao business forum on the southern
Chinese island of Hainan.
China tightening cycle nears end, bubble risk just beginning
BEIJING (Reuters) – China’s latest interest rate increase puts it near the end of a sustained campaign of monetary tightening, a shift in policy stance that will support economic growth this year but lay the groundwork for asset bubbles down the road.
The steady drip-drip of actions to tame inflation since October has succeeded in reining in money growth and slowing the upward momentum of price pressures.
Analysis – China G20 to go nowhere fast on world currency reform
BEIJING (Reuters) – A lack of cohesion on global monetary reform will be on display this week when the Group of 20 wealthy and developing economies meets in China for a seminar, an event that was supposed to have been a starting point for Sino-French efforts to design a new global currency order.
At the start of its year-long G20 presidency, the French government thought it could count on China as a partner in spearheading change. Four months on, those hopes have been dashed by the reality of conflicting national interests and the enormity of the challenge in any serious attempt at reform.
Analysis – China G20 to go nowhere fast on currency reform
BEIJING (Reuters) – A lack of cohesion on global monetary reform will be on display this week when the Group of 20 wealthy and developing economies meets in China for a seminar, an event that was supposed to have been a starting point for Sino-French efforts to design a new global currency order.
At the start of its year-long G20 presidency, the French government thought it could count on China as a partner in spearheading change. Four months on, those hopes have been dashed by the reality of conflicting national interests and the enormity of the challenge in any serious attempt at reform.
Analysis: China G20 to go nowhere fast on global currency reform
BEIJING (Reuters) – A lack of cohesion on global monetary reform will be on display this week when the Group of 20 wealthy and developing economies meets in China for a seminar, an event that was supposed to have been a starting point for Sino-French efforts to design a new global currency order.
At the start of its year-long G20 presidency, the French government thought it could count on China as a partner in spearheading change. Four months on, those hopes have been dashed by the reality of conflicting national interests and the enormity of the challenge in any serious attempt at reform.
China G20 to go nowhere fast on global currency reform
BEIJING (Reuters) – A lack of cohesion on global monetary reform will be on display this week when the Group of 20 wealthy and developing economies meets in China for a seminar, an event that was supposed to have been a starting point for Sino-French efforts to design a new global currency order.
At the start of its year-long G20 presidency, the French government thought it could count on China as a partner in spearheading change. Four months on, those hopes have been dashed by the reality of conflicting national interests and the enormity of the challenge in any serious attempt at reform.
China can meet 4 pct inflation target – official paper
BEIJING, March 28 (Reuters) – China will be able to cap
inflation below the full-year target of a 4 percent average rise
in prices, the People’s Daily said in a front-page editorial
published on Monday.
As the main newspaper of the ruling Communist Party, the
People’s Daily commentary reflects growing confidence in Beijing
that the government has inflation under control, despite soaring
global fuel prices.
Global economic recovery marches on, prices soar in Europe
LONDON/BEIJING (Reuters) – The global economic recovery marched on this month, shrugging off a devastating earthquake and tsunami in Japan, but Middle East turmoil is pushing prices higher, business surveys showed on Thursday.
The euro zone’s dominant service sector accelerated and while its factories saw solid but slower growth, their Chinese counterparts stepped up a gear, Purchasing Managers’ Indexes compiled by Markit found.
Recovery marches on, prices soar in Europe
LONDON/BEIJING, March 24 (Reuters) – The global economic
recovery marched on this month, shrugging off a devastating
earthquake and tsunami in Japan, but Middle East turmoil is
pushing prices higher, business surveys showed on Thursday.
The euro zone’s dominant service sector accelerated and
while its factories saw solid but slower growth their Chinese
counterparts stepped up a gear, Purchasing Managers’ Indexes
compiled by Markit found.
