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Many Small and Medium-Sized Enterprises Took a Direct Hit

Jul 3, 2013

Many small and medium-sized enterprises took a direct hit from the bank liquidity squeeze in June, which disrupted their cash flow and boosted the cost of financing. Figures from Shanghai-based Wind Information, a financial data provider, ...

Tags: Credit Crunch, Smaller Firms

China's Exports of Finished Steel Products in May,Falls by 140,000 Tons From a Month Ago

Jul 3, 2013

According to data released by China’s National Development and Reform Commission (NDRC), China’s exports of finished steel products totaled 5.41 million tons in May, falling by 140,000 tons from a month ago. Meanwhile, the ...

Tags: Finished Steel, Mineral

HSBC's China PMI Drops to Nine-Month Low of 48.2 in June

Jul 3, 2013

The HSBC Purchasing Managers' Index (PMI) for the Chinese manufacturing sector retreated to 48.2, the lowest level since September 2012 and down from May's final reading of 49.2, as announced by the HSBC.The output sub-index contracted in ...

Tags: China PMI, Mineral

Central Banks Loaded up on The Australian Dollar in The First Quarter

Jul 1, 2013

CENTRAL banks loaded up on the Australian dollar in the first quarter, just before the currency began a steep descent that would see it touch its lowest level in nearly three years, data from the International Monetary Fund shows. The ...

Tags: Service, economy, Central Banks

China's PMI,a Primary Gauge of Manufacturing Growth, Declined in June

Jul 1, 2013

China's purchasing managers' index (PMI), a primary gauge of manufacturing growth, declined in June to the slowest reading in four months, Bloomberg reported, citing official data released today. The PMI declined to 50.1 last month from ...

Tags: PMI, manufacturing growth

The Exports of China's Finished Steel Has a Increase by 15.4% in January-May Reported NDRC

Jul 1, 2013

In May this year, China's aggregate metallurgical coke and ferroalloy outputs were up seven percent and 12.4 percent year on year respectively, as announced by China's National Development and Reform Commission (NDRC). Meanwhile, the ...

Tags: Finished Steel

China's Manufacturing PMI Has a Slight Decrease to 50.1 Percent in June

Jul 1, 2013

China's purchasing managers' index (PMI) for its domestic manufacturing sector was at 50.1 percent in June this year, down 0.7 percentage points compared to May, according to the figures released by China's National Bureau of Statistics ...

Tags: Manufacturing PMI

Average Home Price Rise by 0.77 Percent Over May

Jul 1, 2013

Average home price was CNY 10258 per square meter in 100 Chinese cities in June, rising by 0.77 percent over May; the growth rate was 0.04 percentage points lower than a month ago. It was the 13th straight month the price went up. The price ...

Tags: Home Price, Huawei Technologies

China's GDP Growth Is Expected to Rebound to 7.8 Percent in The Third Quarter of This Year

Jun 29, 2013

Bank of China, one of China's big four state-owned commercial banks, has stated in a report that China's gross domestic product (GDP) growth is expected to rebound to 7.8 percent in the third quarter of this year, amid acceleration of ...

Tags: Chinese GDP

Beijing Had Halted The Company's Transactions in Renminbi

Jun 27, 2013

MasterCard didn't make a peep earlier this month when word leaked that Beijing had halted the company's transactions in renminbi. Leaked documents didn't show when the payments were terminated, but the central bank effectively stopped the ...

Tags: MasterCard, Foreign Firms, Credit Cards

China Edged Its Way Toward a Credit Crunch Last Week

Jun 27, 2013

China edged its way toward a credit crunch last week, spooking investors, businesses, analysts – and perhaps more than anyone – the banks themselves. Liquidity in the country's money market appeared to suddenly dry up after a ...

Tags: Risky Economy, credit crunch

China Sold US$2.1 Billion in Government Bonds in The Hong Kong Market

Jun 27, 2013

China sold US$2.1 billion in government bonds in the Hong Kong market on Wednesday despite the recent cash crunch in the mainland money market that spooked investors this week, Reuters reported. Demand for the yuan-denominated bonds was ...

Tags: HK Bond Market, cash crunch

The Sharemarket Recovered Strongly From a Six-Month Low

Jun 27, 2013

THE sharemarket recovered strongly from a six-month low,with the resources sector leading gains after the People's Bank of China vowed to prevent a credit crunch in Australia's biggest trading partner and the world's second-largest economy. ...

Tags: sharemarket, trading partner, BHP Billiton, Rio Tinto

The Industrial Profits of Enterprises Above Designated Size Achieved 2,081.25 Billion Yuan

Jun 27, 2013

From January to May, the industrial profits of enterprises above designated size achieved 2,081.25 billion yuan, an increase of 12.3 percent over the same period last year. Of which, the industrial profits from principal business achieved ...

Tags: Industrial Profits, Principal Business, January, May

China Credit Crunch Fears Sent The Stockmarket Tumbling Almost 1.5 Per Cent Lower

Jun 24, 2013

China credit crunch fears sent the stockmarket tumbling almost 1.5 per cent lower, with investors fleeing materials as China called on its banks to control credit expansion risks and declared liquidity in its financial system was at "a ...

Tags: China, Investors, Banks, Financial System