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March 29, 2017

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Business > Asia > China
China's growth slipped to a seven-year low of 6.6 percent in the third quarter, according to an AFP survey, despite ample stimulus and a red-hot property market in the world's second-largest economy.
 
China exports sink 10% year-on-year in Sept.
China's exports plummeted in September, data showed Thursday, as anemic global demand dealt another blow to the world's second-largest economy, while weak imports fueled worries about crucial domestic appetite.
 
China's central bank set the yuan's central parity rate weaker than 6.7 to the dollar for the first time in six years Monday, the first day of trading after it joined the IMF's "special drawing rights" reserve currency basket.
 
Chinese authorities unveiled plans Monday to let companies use debt-for-equity swaps to cut soaring debt levels that economists warn might hamper the country's already slowing growth.
 
China has accused the European Union of hurting competition by imposing anti-dumping duties on Chinese steel, ratcheting up growing global tensions over a flood of low-cost Chinese exports.
 
Manufacturing activity in China continued its rebound in September on improving production and demand, government data showed Saturday -- a positive sign for the world's second-largest economy.
 
Chinese conglomerate Wanda is considering ramping up its push into Hollywood with the acquisition of the production company behind the Golden Globes, the U.S. firm said Monday.
 
China is expected to announce plans to merge the country's top steelmakers this week, according to media reports, creating the world's second-largest manufacturer of the commodity, as markets struggle with a glut caused by Chinese overcapacity.
 
A key gauge of China's debt has reached its highest level on record, setting off alarm bells of imminent risk to the banking system, a Swiss banking watchdog reported.
 
China's rice, wheat and corn subsidies are in line with WTO rules, Beijing's commerce ministry said after Washington launched legal action against what it says are "unfair" trade incentives worth US$100 billion.
 
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