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Nine Dragons Paper Announces Fy2016 Annual Results
Sep 27, 2016Nine Dragons Paper announced the audited consolidated results of the company and its subsidiaries for the year ended 30 June 2016. The Board has declared and approved a final dividend of RMB 8 cents per share, and special dividend of RMB ...
Tags: Nine Dragons Paper, annual results
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UBS Forecasts China Q4 Growth at 6.9 Pct
Dec 28, 2015China's economic growth is expected to be unchanged in the fourth quarter of this year, but an improvement is still distant due to property weakness and excess capacity, according to the latest report from UBS. The Swiss banking group ...
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China to Revoke Banks' Private Fund Management Qualifications
Dec 24, 2015China's banking regulator is reportedly to revoke the fund management qualifications of 17 domestic banks. It's understood the regulator has issued informal guidance to banks, warning them that their registrations will be removed. The ...
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China's Industrial Profits Down 0.3% in June
Jul 27, 2015Profits at major Chinese industrial firms dropped 0.3 percent year on year in June, down from a 0.6 percent growth posted in May, the National Bureau of Statistics (NBS) said on Monday. He Ping, an official with the Department of Industry ...
Tags: Industrial Profits, China economy
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Growth in China's Electricity Consumption Recovered in May But Still Remained Low
Jun 16, 2015Growth in China's electricity consumption, an important indicator of economic activity, slightly recovered in May but still remained low, suggesting persistent weakness in the world's second largest economy. Power-use rose 1.6 percent ...
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Retail Sales Have Continued to Slow
May 11, 2015Retail sales have continued to slow, with the Australian Food and Grocery Council (AFGC) CHEP Retail Index revealing growth of only four per cent year-on-year in the March quarter, slowing to three per cent by the June quarter. Retail ...
Tags: Retail sales, Packaging
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China Walks The Economic Tightrope of Balancing Steady Growth
Mar 13, 2015As China walks the economic tightrope of balancing steady growth, facilitating restructuring and combating deflation risks, Zhou said there may be room for flexibility despite consistent championing of a prudent monetary policy. Policy ...
Tags: Central Bank, China's GDP
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China's New Yuan Loans Rise in January
Feb 23, 2015The Chinese currency has seen sharp volatility against the US dollar this week as a strengthening dollar stokes worries of the yuan's depreciation. The yuan continued to decline against the dollar on Wednesday with its spot exchange rate ...
Tags: China's New Yuan, Chinese currency
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What Caused The Rise in The Chinese Stock Market
Dec 15, 2014In the past two weeks, China's stock market, long the subject of neglect, became a public focus, indicating the likely arrival of a bull market period. From Nov. 24 to Dec.5, 2014, the Shanghai and Shenzhen composite indexes rose by 18.13 ...
Tags: Stock Market, bull market
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China's Economy Is Finally Rebounding From Its Deepest Slump Since The 2008 Global Crisis
Dec 19, 2013China's economy is finally rebounding from its deepest slump since the 2008 global crisis but the shaky recovery could be vulnerable to a new downturn in global trade. Growth rose to 7.9 percent in the three months ending in December, up ...
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Australian Dollar Rose After Investors Interpreted Reserve Bank of Australia Minutes
Jul 19, 2013THE Australian dollar rose after investors interpreted the Reserve Bank of Australia minutes as suggesting there was less chance of another rate cut in August. At 6.30am AEST the local unit was trading at 92.54 US cents, up from 91.82 ...
Tags: economy
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Aussie Fell as Commodity Prices Slide
Jun 18, 2013The Aussie fell after the central bank left the door open for more interest rate cuts and forecast the currency might fall further as commodity prices slide. The minutes of the Reserve Bank of Australia's policy meeting on June 4 showed ...
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Price Rises Are on The Agenda in The New Year as Businesses Seek to Retain Profits
Jun 5, 2013After their expectations reached a 24-year low in the previous quarter, businesses are indicating that price rises are on the agenda in the new financial year as they seek to retain profits while compensating for cost pressures and low ...
Tags: Service, Bank, Price Expectations
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Stocks Wipe More Than $32 Billion From The Stockmarket
May 28, 2013A SHOCK contraction in Chinese manufacturing and the prospect that the US Federal Reserve could soon unwind its quantitative easing measures rocked local markets yesterday, pushing the Australian dollar close to an annual low and wiping ...
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Dollar Continued to Test Fresh 11-Month Lows as Economic Outlook Damps Sentiment
May 16, 2013The dollar continued to test fresh 11-month lows, extending a week-long decline built on rising concerns about the outlook for the resources-rich economy and renewed strength in the US dollar. Late today, the Aussie was trading at ...
Tags: Dollar Down, Service, Economic Outlook