Search Results for: China
Yen hits 7-year low vs dollar; Aussie falls after weak China PMI
November 3rd, 2014
The yen fell to a fresh seven-year low against the dollar on Monday, extending a massive sell-off sparked by the Bank of Japan’s surprise decision to boost its already huge bond-buying stimulus. Sellers also took aim at the Australian ...
China manufacturing growth slows
November 3rd, 2014
Growth in China’s manufacturing sector slowed in October, an official survey suggests, reinforcing concerns about a slowdown in the wider economy. The country’s Purchasing Managers Index (PMI) fell to a lower-than-expected 50.8, from 51.1 in the previous month. Any ...
Samsung Electronics seeks China turnaround, unveils mid-tier handsets
October 31st, 2014
Samsung Electronics Co Ltd unveiled two new mid-tier handsets with a premium design as it prepared to deliver a riposte to its low-priced Chinese rivals and reclaim its title as the top brand in the world’s biggest smartphone market. ...
Alibaba plays trademark card to protect lead as China’s $8 billion e-commerce spree nears
October 30th, 2014
A trademark spat between Chinese e-commerce giant Alibaba Group Holding Ltd and rival JD.com flared into public view after JD published an Alibaba letter urging publishers to be careful about advertising in promotions for China’s annual “Singles’ Day” spree, ...
China Planning Additional Free Trade Zones
October 30th, 2014
Chinese President Xi Jinping has said that, after more than a year since Shanghai’s pilot free trade zone (FTZ) was first launched, its example should now be copied in more provinces as soon as possible. About 12,000 businesses have ...
China can cut 2015 GDP growth target to seven percent
October 29th, 2014
China can cut its economic growth target to 7 percent next year without hurting its labor market, the World Bank said on Wednesday even as it urged Beijing to get rid of rigid growth objectives. At its thrice-yearly review ...
Three major nations absent as China launches World Bank rival in Asia
October 24th, 2014
Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders. China’s $50 billion Asian Infrastructure Investment Bank ...
China Factory Gauge Rises as Workers Weather Slowdown
October 23rd, 2014
A Chinese manufacturing gauge rose in October, adding to signs a resilient labor market and export demand are helping the world’s second-largest economy weather a housing market downturn. The preliminary Purchasing Managers’ Index from HSBC Holdings Plc and Markit ...
China must accelerate reforms: World Bank chief
October 21st, 2014
China needs to accelerate reforms and not rely solely on monetary and fiscal policy to drive growth, a top World Bank official said on Tuesday. “I would recommend not really relying more on their macro policy, specifically on the ...
China’s economic growth slows to 7.3 percent in third quarter, near six-year low
October 21st, 2014
China grew at its slowest pace since the global financial crisis in the September quarter and risks missing its official target for the first time in 15 years, adding to concerns the world’s second-largest economy is becoming a drag ...
