China Economic News, Chinese Economy & Company - Made-in-China.com

Hong Kong Needs to Maintain Hospitable Image

Sep 1, 2015

Hong Kong needs to maintain its hospitable image as declining visitor numbers are affecting tourism-related businesses, the Chief Executive of the Hong Kong Special Administrative Region (SAR) Leung Chun-ying said here on Tuesday. ...

Tags: hospitable image, visitor arrivals

China Encourages Cash Bonuses, Share Buybacks

Sep 1, 2015

China issued a notice Monday encouraging mergers, cash bonuses and share repurchases by listed companies as part of its efforts to push forward reforms of state-owned enterprises and promote the steady and healthy development of the capital ...

Tags: Cash Bonuses, Share Buybacks

China's Non-Manufacturing PMI Drops in August

Sep 1, 2015

Business activity in China's non-manufacturing sector expanded in August with slightly slowed pace from June and July, official data showed on Tuesday. The purchasing managers' index (PMI) for the non-manufacturing sector fell to 53.4 in ...

Tags: PMI, non-manufacturing sector

RBI Governor Rules out Financial Crisis

Aug 28, 2015

Despite the recent stock market crashes around the world on the heels of China devaluing the yuan, Reserve Bank of India Governor Raghuram Rajan has said he doesn't believe that there's a financial crisis looming. "Based on what I've seen ...

Tags: stock market crashes, yuan devaluing

China Gold Price up

Aug 27, 2015

China's become the largest gold producer in the worldwide since 2007. Gold is throughout the country, mainly concentrated in Shandong, Henan, Jiangxi, Fujian, Yunnan, etc. China also is the world's top consumer of gold - Chinese people love ...

Tags: gold, Gold prices

Yuan Move Is Likely to Deliver Positive Results in Long Term

Aug 18, 2015

Depreciation of China's currency offers opportunities for economies in Europe Last week's depreciation of the yuan stoked fears that European exports to China could be hit. As the euro and the pound strengthened, concerns started to grow ...

Tags: global currency, Yuan Move

Tax Cut Needed in China's Growth-Boosting Efforts

Aug 17, 2015

Apart from monetary easing moves, there is room for China to achieve faster and more balanced growth by cutting the private sector's tax burden, a major Chinese investment firm said Monday. China's central bank has cut benchmark interest ...

Tags: monetary easing, tax

Chinese Tourists Pause at Stores as Currency Falls

Aug 17, 2015

Over 100 million Chinese travel abroad every year, buying more luxury goods than any other nation. Shopping for the perfumes and designer clothes that can cost them twice as much at home is a major travel incentive. However, China’s ...

Tags: luxury goods, perfumes, designer clothes

China Advances Exchange Rate Reform

Aug 16, 2015

China's new forex rate formation mechanism is credit positive as it will increase currency flexibility and support China's capital account liberalization, said Moody's in a recent report. The People's Bank of China on Tuesday adjusted the ...

Tags: forex rate formation, Exchange Rate

China Devalues Yuan in Surprise Move

Aug 12, 2015

China's central bank has devalued the yuan by almost 2 per cent - its lowest rate against the US dollar in almost three years. The People's Bank of China (POBC) said the decision to devalue the yuan by 1.9 per cent was a "one-off ...

Tags: China Yuan, US dollar

China Eyes World-Class Utility Tunnel System

Aug 12, 2015

China aims to build a world-class utility tunnel network by 2020 to improve urban planning and achieve quality growth, according to the State Council, China's cabinet. The tunnels will help solve the problems of "road zippers" and ...

Tags: tunnel network, heating cables

China to Issue a New 100-Yuan Bank Note

Aug 10, 2015

The People's Bank of China (PBOC), the central bank, announced it would issue a new 100-yuan bank note from Nov 12 on Monday. The new bank note will be harder to counterfeit and easier for machines to read. Part of the fifth set of bank ...

Tags: central bank, new 100-yuan

Pork Prices Propel Rise in Inflation

Aug 10, 2015

Housewives compare prices every day, including Zhang Ming, a 60-year-old retired woman who frequents a supermarket in Beijing's Fengtai district. On Sunday morning, she spent 45 yuan ($7.30) on 1 kg of pork fillet. "It's amazing ...

Tags: Pork, vegetables

China's Producer Prices Continued to Fall in July

Aug 10, 2015

China's producer prices continued to fall in July, pointing to looming deflation risk, data from the National Bureau of Statistics (NBS) showed on Sunday. The producer price index (PPI), a measure of costs for goods at the factory gate, ...

Tags: PPI, PPI contraction

Taiwan's Export Orders Received in June Increased by 2.2%

Aug 5, 2015

Affected by a variety of factors, including fallout from the Greek debt crisis, slowing growth in China coupled with its recent stock market slump, steady displacement of Taiwanese suppliers by mainland Chinese counterparts, sagging ...

Tags: Greek debt crisis, stock market slump