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December 17, 2014
China December manufacturing index falls to 7-month low: HSBC
Beijing (AFP) Dec 16, 2014
China's manufacturing activity worsened in December with HSBC's closely watched purchasing managers' index (PMI) hitting a seven-month low, the bank said Tuesday, signalling more weakness in the world's second-largest economy. The British banking giant's preliminary PMI for the month came in at 49.5, below the break-even point dividing expansion and contraction, the bank said in a statement. The result, compiled by information services provider Markit, was lower than November's final reading of ... read more

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China's November industrial output at three-month low
China's industrial output expanded at its slowest pace in three months in November, official data showed Friday, with other key indicators also pointing to weakness in the world's second-largest economy. ... more
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China November industrial output at three-month low
China's industrial output expanded at its slowest pace in three months in November, official data showed Friday, with other key indicators also pointing to weakness in the world's second-largest economy. ... more
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China boosts bank liquidity with $65 billion fund injection
China's central bank has stepped up its efforts to pump more cash into its banking system with a $65 billion fund injection, Dow Jones Newswires reported Thursday. ... more
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Under pressure Swiss banks eye Chinese wealth
Switzerland's banking sector, facing the end of the secrecy that was once the bedrock of its business, is turning to China as it seeks new markets for the future. ... more
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China November inflation falls to five-year-low 1.4%: govt
China's consumer inflation fell to a five-year low of 1.4 percent in November, the government said Wednesday, fuelling concern about the danger of deflation in the world's second-largest economy. ... more
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China leaders convene to forge key 2015 economy policies
China's top leaders opened a meeting Tuesday to craft economic policies for 2015 as the world's second-largest economy embraces slower long-term growth, state media reported Tuesday. ... more
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India says won't sacrifice growth at climate talks
India will not sign any deal to cut greenhouse gas emissions at UN climate talks that threatens its growth or undermines its fight against poverty, the environment minister said Friday. ... more
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China 2015 GDP target in focus as stimulus expectations heat up
China is poised to cut its growth target for the first time in three years and ramp up stimulus as the economy comes under increasing downward pressure, analysts say ahead of a key policymakers' conference expected this week. ... more
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China bank ICBC plans $5.6 bn preferred share issue
The Industrial and Commercial Bank of China (ICBC) will sell more than $5.60 billion worth of preferred shares offshore in three different currencies, it said Thursday, as the world's biggest lender bolsters its capital. ... more
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US: Chinese economy should wean from cheap labor model
The United States on Wednesday said China needs to move away from its cheap labor and export-focused economy to maintain growth in the years ahead. ... more
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Corruption worsening in Turkey, China: Transparency
Corruption has worsened in China, Turkey and other fast-growing economies, a watchdog warned Wednesday, urging the world's banking centres to help combat graft and money-laundering. ... more
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China to implement property registration in March: report
China will implement long-awaited property registration rules from March, a Chinese media outlet said Tuesday, in a move that could give the country's anti-corruption investigators extra ammunition and pave the way for new taxes. ... more
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China plans deposit insurance in long-awaited reform
China on Sunday moved closer to introducing deposit insurance, a long-awaited economic reform seen as a way to impose greater market discipline on the country's banks. ... more
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Italy PM moots temporary nationalisation of troubled steel plant
Italian Prime Minister Matteo Renzi on Sunday floated the idea of nationalising during "two or three years" the country's loss-making Ilva steel plant, one of Europe's most polluting. ... more
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Innovation hatching in Greece amid slow economic revival
A taxi-tracking tool, a head-hunting engine and a vertical gardening company - all business startups that have paradoxically emerged from a Greek economy long in the doldrums. ... more
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China manufacturing growth at eight-month low: govt
China's manufacturing growth skidded to an eight-month low in November, an official survey showed Monday, fuelling speculation authorities will take further steps to stimulate the world's second-largest economy. ... more
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Tibetan tapestry fetches record $45 million in Hong Kong
An ancient Tibetan silk tapestry has set a world record for Chinese art after it was sold to a Shanghai tycoon for $45 million (HK$348 million) at auction in Hong Kong, according to Christie's. ... more
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ADB ready to work with new China-led bank, says president
The head of the Asian Development Bank said Wednesday he is ready to work with China on a new infrastructure investment bank proposed by Beijing, despite fears it could undermine his institution. ... more
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China blames politics for Indonesia development bank delay
China said on Thursday that "domestic reasons" had caused Indonesia to delay joining a new infrastructure bank seen as an attempt by Beijing to rival Western-backed international development banks. ... more
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Tech, medical sectors mixed on Obama's immigration changes
Nestled in President Barack Obama's plan to overhaul aspects of the US immigration system are tweaks to rules for high-skilled workers long frustrated with hurdles to getting work or residency approval. ... more
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China central bank cuts interest rates in surprise move
China's central bank on Friday unexpectedly cut benchmark interest rates for the first time in more than two years, as authorities seek to prop up flagging growth in the world's second-largest economy. ... more
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Ageing Japan struggles to make immigrants feel at home
The first word Mr En learned when he started work on a construction site in Japan after moving from China was "baka" - "idiot". ... more
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Risky rewards for China's overseas investment boom
China's inexorable economic rise is set to see it become a net global investor after decades of Western money flowing into the country, but analysts warn the change offers risks as well as profits. ... more
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Beijing denies blocking G20 corporate transparency talks
China on Thursday denied accusations it is blocking an agreement on corporate transparency at the upcoming G20 summit in Brisbane, which President Xi Jinping will attend. ... more
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