Asia Economy news, Markets and Business Trends - Made-in-China.com

E-Commerce Generates $1.2 Million Revenue Every 30 Sec

Aug 21, 2015

Every 30 seconds, global e-commerce industry generates over $1.2 million revenue with Facebook, Pinterest and Twitter contributing $5,483, $4,504 and $4,308 respectively, according to an ASSOCHAM-Deloitte joint study. The study found that ...

Tags: e-commerce industry, social networks

'Global Economic Growth in Next 2 Years to Remain Muted'

Aug 19, 2015

Global economic growth will be muted over the next two years, Moody's Investors Service has said in a quarterly report. According to the report titled “Global Macro Outlook 2015-16: Risks to muted global growth from Chinese asset ...

Tags: economy development, global economy

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

India's WPI-Based Inflation at -4.05% in July 2015

Aug 17, 2015

India's annual rate of inflation, based on monthly wholesale price index (WPI), stood at minus 4.05 per cent for July 2015 (over July 2014), according to the provisional data released by the Office of the Economic Adviser, Ministry of ...

Tags: WPI-Based Inflation, Inflation

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

Indonesia and UK to Improve Economic Ties Between The Two Nations

Jul 30, 2015

Indonesian President Joko Widodo and the visiting British Prime Minister David Cameron have expressed their commitment to improve economic ties between the two nations. Addressing a joint press conference in Jakarta, Cameron said, ...

Tags: Economic Ties, engineering, energy

Global Consumer Confidence Stayed Relatively Consistent for More Than a Year

Jul 30, 2015

Global Consumer Confidence stayed relatively consistent for more than a year, declining one index point in the second quarter to a score of 96, according to global performance management company Nielsen's Consumer Confidence Index Report. ...

Tags: Consumer Confidence, economy