Chief Economics Correspondent, China
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Mar 21, 2011

World Bank says East Asia must tighten policy, downplays Japan risk

BEIJING/SINGAPORE (Reuters) – Inflation remains a major challenge and tighter monetary policies are needed across East Asia, the World Bank said on Monday, as it downplayed risks to regional growth from the devastating earthquake in Japan.

In a semi-annual East Asia and Pacific Economic Update, the World Bank nudged up its 2011 growth forecasts, but said the big picture was that the fight against inflation would weigh on economies from China to Malaysia.

Mar 21, 2011

World Bank says East Asia must tighten policy

BEIJING/SINGAPORE (Reuters) – Inflation remains a major challenge and tighter monetary policies are needed across East Asia, the World Bank said on Monday, as it downplayed risks to regional growth from the devastating earthquake in Japan.

In a semi-annual East Asia and Pacific Economic Update, the World Bank nudged up its 2011 growth forecasts, but said the big picture was that the fight against inflation would weigh on economies from China to Malaysia.

Mar 18, 2011

China tightening marches on with 6th reserve rate rise

BEIJING, March 18 (Reuters) – China raised banks’ required
reserves again in a decision on Friday, the latest installment
in its monetary tightening cycle that many had thought would be
put on hold after Japan’s devastating earthquake.

Its persistance with a campaign to rein in prices that has
cooled hopes for the scale of world growth showed that the
People’s Bank of China views inflation, not an economic slowdown
resulting from Japan’s disaster, as the bigger risk.

Mar 18, 2011

China property inflation edges down, hit by tightening

BEIJING, March 18 (Reuters) – China’s property
prices increased at their slowest pace in more than a year in
February after a succession of policy moves by the government to
cool the real estate market.

New home prices in 70 major Chinese cities rose 5.7 percent
in February from a year earlier, down from an annual rise of 5.9
percent in January, according to a Reuters weighted average of
official data published on Friday.

Mar 14, 2011

China money growth slows with inflation in crosshairs

BEIJING, March 14 (Reuters) – China’s money growth and bank
lending slowed sharply in February as tighter monetary policy
took hold and the government made headway in its campaign to
tame inflation.

Chinese banks made 535.6 billion yuan ($82 billion) in new
loans in February, below market forecasts for 650 billion yuan,
the central bank said on Monday.

Mar 11, 2011

China inflation holds steady as tightening bites

BEIJING, March 11 (Reuters) – Chinese inflation levelled off in February
while industrial output accelerated, tentative signs that the government is
succeeding in taming price pressures without unduly harming growth in the
world’s second-largest economy.

Beijing is not about to declare victory in its battle against inflation,
which economists say will pick up a touch in coming months, but data published
on Friday lends credence to the view that it is more than midway through a
sustained campaign of monetary tightening launched nearly half a year ago.

Mar 9, 2011

Analysis: China’s “Tea Party” starts call for lower taxes

BEIJING (Reuters) – You might call it the Steamed Bun Party.

A small but increasingly vocal number of Chinese are beginning to complain about taxes, placing their government in the unfamiliar position of having to defend — and sometimes change — its fiscal policies.

It is hardly any kind of popular uprising and is certainly not an organized movement like the anti-establishment Tea Party in the United States. Still, expressions of discontent about taxes are significant in the controlled world of Chinese politics. The economic consequences are also big, with taxation one of the keys to unlocking China’s long-suppressed domestic demand.

Mar 3, 2011

Special Report: Wall Street wannabe points to China’s growth

TIANJIN, China (Reuters) – Yujiapu does not roll off the tongue like Wall Street, but planners in the northern Chinese port city of Tianjin hope it soon will.

Round-the-clock construction is transforming muddy ground into what officials boast will be the world’s largest financial zone a decade from now, a monument to the ambitions driving China’s dizzying economic growth and to the sort of risks leaders in Beijing see piling up alongside the country’s new skyscrapers.

Mar 3, 2011

Special report – Yujiapu points to China’s growth risks

TIANJIN, China (Reuters) – Yujiapu does not roll off the tongue like Wall Street, but planners in the northern Chinese port city of Tianjin hope it soon will.

Round-the-clock construction is transforming muddy ground into what officials boast will be the world’s largest financial zone a decade from now, a monument to the ambitions driving China’s dizzying economic growth and to the sort of risks leaders in Beijing see piling up alongside the country’s new skyscrapers.

Mar 3, 2011

Wall Street wannabe points to China’s growth risks

TIANJIN, China, March 3 (Reuters) – Yujiapu does not roll
off the tongue like Wall Street, but planners in the northern
Chinese port city of Tianjin hope it soon will.

Round-the-clock construction is transforming muddy ground
into what officials boast will be the world’s largest financial
zone a decade from now, a monument to the ambitions driving
China’s dizzying economic growth and to the sort of risks
leaders in Beijing see piling up alongside the country’s new
skyscrapers.

    • About Simon

      "Simon has been chief economics correspondent for China since October 2010. He joined Reuters in 2006 and spent a year in London before being posted to Beijing. Simon has a B.A. from McGill University in Canada and a Master's from the University of Oxford."
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