Major Chinese industrial firms saw their profits rise 13.5 percent year on year in the first three quarters, a faster pace than the 12.8-percent growth rate in the January-August period, the National Bureau of Statistics (NBS) said on ...
It’s been a good few weeks for China’s economic decision-makers. Official data showed exports in August rose 7.2% from a year earlier, surpassing all forecasts. The official purchasing managers’ index (PMI) for ...
Tags: Wrong Growth Path
Deal or no deal, the US Congress' dance with default impressed policymakers and investors in China and Japan with just how vulnerable their own economic revival plans are to the next political tantrum on Capitol Hill. The 11th-hour ...
Tags: Dollar Drama, Economy
Official data showed on Monday that China's electricity consumption, a common indicator of economic activity, rose 10.4 percent year on year in September. The growth, though lower than August's 13.7-percent rise, accelerated from the ...
Tags: Power Consumption, Energy
Last week saw U.S. stock indexes climb to near record highs and the U.S. dollar fell to its largest decline in 5 weeks following the release of minutes from the Federal Reserve along with comments from Fed Chairman Ben Bernanke that ...
Major Chinese industrial firms saw their combined profits rise 24.2 percent year on year in August, quickening from the 11.6-percent rate seen in July that points to further evidence of a firming economy, official data showed on Friday. ...
China's appetite for coal, once seemingly unlimited, is starting to wane, and the effects are rippling far from the Middle Kingdom. With the world's second-largest economy, China in recent years has been driving demand for all sorts of ...
Tags: Coal, Metallurgy, Mineral, Energy
As the anticipated U.S. decision to put an end to the quantitative easing policy has sent jitters across the markets of emerging economies, and has led to mounting concern over a capital exodus, the Chinese government has geared up to do ...
Chinese exporters will continue to face increasing trade frictions in the second half of 2013 and in 2014 amid escalating trade protectionism moves and an uncertain economic recovery, said a report released on Monday by ...
Tags: trade frictions, economic recovery
Chinese economy might suffer ups and downs, but its long-term prospect remains bright, Daniel Gros, director of the Centre for European Policy Studies (CEPS), told Xinhua. The senior expert painted a much rosier picture for the world's ...
As Chinese economy shows signs of picking up, analysts say shadow banking and local government debt, two major financial worries during the past few months, are less likely now to bring down the world' s second-largest economy. While ...
Tags: Local Debts, Financial Crisis
Major Chinese industrial firms saw their combined profits rise 11.6 percent year on year in July, quickening from the 6.3-percent rate seen in June that points to further evidence of a firming economy, official data showed on Tuesday. The ...
Tags: Industrial Profits, Chemicals
Mongolia-based Chinese miner Mongolian Mining Corporation (MMC) has announced its financial results for the first half of 2013. In the first half, MMC registered a net loss of $25.2 million, compared to a net profit of $31 million in the ...
Tags: Mongolian Mining, Mineral
U.S. oil prices dropped Monday after July durable goods orders came in weaker than expected. New orders for manufactured durable goods in July tumbled 7.3 percent from the previous month following three consecutive monthly increases, ...
Tags: Oil Prices, Durable Goods Data
Major Chinese industrial firms saw their combined profits rise 11.6 percent year on year in July, quickening from the 6.3-percent rate seen in June that points to further evidence of a firming economy, official data showed on Tuesday. The ...