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May, 28, 2016

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Business > Asia > China
China economy eases in April, sparking worries on rebound
China's key economic indicators moderated in April from the previous month, official figures showed on Saturday, raising worries over the strength of a rebound in the world's second-largest economy.
 
China announces measures to boost its sagging exports
China's Cabinet has approved measures to boost exports in a move that might inflame tensions with Western trading partners that accuse Beijing of flooding their markets with steel and other goods at improperly low prices.
 
Mainland Chinese producer prices declined at their slowest rate in 16 months in April, official data showed Tuesday, a positive sign for the world's second-largest economy.
 
The Chinese economy is unlikely to see a V- or U-shaped recovery in the next year or two, but a flat L-shaped growth amid the country's slow demand and excess production capacity, The People's Daily quoted "a powerful figure in authority" in reporting on Monday.
 
U.S. social network Facebook has won a trademark case in China against a local company, state media reported Monday, weeks after a court ruled against tech giant Apple in a similar suit over its iPhone brand.
 
Mainland China's central bank on Wednesday fixed the yuan currency nearly 0.60 percent weaker against the U.S. dollar, according to the national foreign exchange market, the biggest downward move since devaluing the unit in August last year.
 
Chinese factory activity weakened further in April, a private survey indicated Tuesday, as muted demand and market weakness hit the struggling export-oriented sector.
 
PetroChina shares plunged on Friday, after the mainland Chinese energy giant posted its first quarterly loss since listing overseas 16 years ago, as it struggled with the weak domestic economy and lower international oil prices.
 
Global carmakers see rising competition in mainland China
Global carmakers gathered in Beijing on Monday to show off their wares as competition intensifies and growth slows in the world's biggest auto market, with the key SUV and new energy vehicle sectors the focus of attention.
 
Mainland China looks to rice cookers to pep up economy
The mainland China authorities' latest plan to perk up its slowing economy is based on the humble rice cooker and luxury toilet seats.
 
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