Consumer prices in China were up 1.8 percent on year in January, the National Bureau of Statistics said on Thursday. more...
China's exports declined more-than expected in January suggesting that the economy has not gained yet from the weaker currency. Data published by the General Administration of Customs showed that exports logged a double-digit annual decline of 11.2 percent in January, much faster than the 2.0 percent fall economists had expected, and December's 1.4 percent drop. more...
China's economic growth slowed unexpectedly in the three months ended December, figures from the National Bureau of Statistics showed Tuesday. Gross domestic product grew 6.8 percent year-over-year in the fourth quarter, slower than the 6.9 percent climb in the third quarter. Economists had expected the growth to remain stable at 6.9 percent. more...
Chinese telecom device maker ZTE announced that its subsidiary Nubia plans to increase its capital and stock by introducing Suning Rundong, a subsidiary of Suning, as an investor. At the same time, ZTE will give up its priority of subscription rights in the listed business. According to the report published by ZTE, Suning Rundong will invest CNY1.93 billion in Nubia. On the completion ...
It’s possible that China is not ready for free markets. The first sign was in the first half of 2015 when regulators let Chinese stocks soar, fueled by hugely speculative investments and a surge in margin trading. Then, after the bubble popped, policymakers cobbled together a haphazard rescue package that ultimately failed to support the market. The currency “devaluation” was an attempt to appease the IMF and also jumpstart the country’s stagnant manufacturing industry. But allowing CNY to drop ...
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