Tuesday, June 4, 2013
China's manufacturing activity shrank more than first reported in May, HSBC said Monday, confirming the first contraction in seven months.
Saturday, June 1, 2013
The force behind China's biggest takeover of an American company is a 71-year-old meat-packing entrepreneur, dubbed “China's Chief Butcher” by the press, who built an empire on his country's voracious appetite for pork.
Shuanghui International Holdings Ltd.'s US$4.7 billion deal for Smithfield Foods Inc. has injected life back into Asian M&A, and helped Morgan Stanley to claim the top slot in the advisory league table in the Asia-Pacific region as the mid-year benchmark approaches.
China launched an anti-dumping probe Friday into chemical imports from the European Union and United States, the government said, amid heightened trade tensions between the giant economies.
More European companies are planning further investment in China, the European Union Chamber of Commerce in China said on Thursday.
Thursday, May 30, 2013
Growth in China and other major emerging economies should be robust and outperform developed countries, the OECD said Wednesday, although it trimmed its forecasts for this year and next.
The International Monetary Fund on Wednesday cut its growth forecast for China in 2013 to “around 7.75 percent,” down from its earlier forecast of 8.0 percent, citing a sluggish global recovery which hurt exports.
Monday, May 27, 2013
China is slowing down but that's not the alarming part. The Chinese government has telegraphed for a while that it wants to rein in an economy that was growing too fast. The issue that now worries many China watchers is the amount of credit unleashed.
Chinese Premier Li Keqiang concluded a historic free trade agreement with Switzerland that promises to tighten ties with Europe, China's largest trade partner.
Sunday, May 26, 2013
Switzerland and China cleared the final hurdle Friday towards a landmark free-trade agreement, as Beijing seeks to underscore its growing global ties via deals with European partners.