Wednesday, June 4, 2014
China's manufacturing activity improved in May but the world's second-largest economy faces headwinds, particularly in the property sector, HSBC said Tuesday.
Monday, June 2, 2014
After years of boom that have seen prices rocket, the prospect of a bust is looming over China's vast property sector, with authorities hoping to avoid a meltdown that could send shock waves through the world's second-biggest economy.
Chinese manufacturing grew for the third consecutive month in May, suggesting a slowdown in the world's second-largest economy is stabilizing, a state-sanctioned industry group said Sunday.
Sunday, June 1, 2014
China has signaled it will further ease monetary policy to kick-start the world's second largest economy by cutting the amount of funds that some banks must hold in reserve, according to a government statement.
Wednesday, May 28, 2014
China's government plans to take 6 million older, polluting vehicles off the road this year in an effort to revive stalled progress toward cleaning up smog-choked cities.
Tuesday, May 27, 2014
South Africa's platinum producers and a union are due to resume talks on Monday in an effort to stop a four-month-long strike that has wreaked havoc in the sector.
Friday, May 23, 2014
An index of Chinese manufacturing activity saw a sharp improvement in May, hitting a five-month high, HSBC said Tuesday, but still showed contraction and the bank urged more government action to kickstart the world's number two economy.
Wednesday, May 14, 2014
Prime Minister Tony Abbott has promised to share the pain in his conservative government's first annual budget aimed at reducing national debt.
China's fixed-asset investment, a main measure of government spending on infrastructure, rose at its slowest pace in more than 12 years in January-April, data showed Tuesday, fuelling calls for Beijing to act to boost the economy.
China's vast “shadow banking” sector is now valued at US$4.4 trillion, according to the government's premier research group the Chinese Academy of Social Sciences (CASS) as it warned of potential risks to the financial system.