Tag Archives: China’s economy
China promises to increase minimum wage
China has announced to raise its minimum wage, in a bit to tackle the widening rich-poor divide in the population.
The country has enjoyed robust expansion in its economy in the past decade and has seen income levels rise, especially in urban...
World Bank sees China growing 8.4 percent in 2013
(Reuters) – The World Bank raised its 2013 economic growth forecasts for China and developing East Asia on Wednesday, and said the region remained resilient despite the lackluster performance of the global economy.
“For 2013, we...
China’s manufacturing sector rebounding
According to the latest figures, China’s purchasing managers index (PMI) stands at 50.4 in the month of November.
This is the first time in 13 months that the index has risen above the level of 50. A reading above 50 denotes expansion.
China’s...
China’s new figures add hope to economic recovery
China has reported an increase in industrial production, retail sales and fixed-asset investment at a time when the country is facing its slowest growth rate since the past three years.
To add to the joy, China’s inflation rate hit its slowest...
World Bank lowers China’s growth projection
The World Bank’s forecast of China’s economic growth went down from 8.2% to 7.7% amid the dwindling economy of the nation caused by economic problems in two of its key markets, the Eurozone and the US.
The weak demand for China’s exports...
“China’s economic growth is still within the target range” – China’s Premier, Wen Jiabao
China’s Premier, Wen Jiabbao, told the World Economic Forum in Tianjin that China’s economic growth is on the right track and within the target range set at the beginning of the year.
His address comes amid reports on China’s slower recovery...
Further Policy Easing Needed for China’s Growth?
China’s Premier Wen Jiabo has warned that China’s economy is under pressure and that its economic problems may take some time to be resolved
Premier Jiabo’s comments come amid worries of a sharp slowdown in China’s economy.
The world’s...
Chinese industries’ earnings dipping for the third successive month
After seeing a decline of 5.3% in May and 2.2% in April, profits at China’s industrial companies dropped by 1.7% for the third successive month.
China, the world’s second largest economy, is experiencing its slowest economic growth in three...
China’s Manufacturing Sector Picking Up Pace
According to an HSBC survey, China’s Purchasing Manager’s Index (PMI) rose to 49.5 in July, a five-month high and up from 48.2 in June.
PMI is an indicator of growth in the manufacturing sector of an economy. A reading above 50 shows expansion,...
Eurozone risks spillover to China
The International Monetary Fund says that the Eurozone crisis is a key external risk to China’s growth.
China‘s economy is expanding at an annualized rate of 7.6% in the three months to the end of June.
China’s economy is expected to grow ...
