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China's Housing Funk Deepens As Manufacturing Falls Short
Monday, June 17, 2024 - 11:23am | 409Read More...China’s housing market continued to decline in May as manufacturing disappointed expectations. The real estate sector saw declines in investment and home prices, while industrial output gained 5.6% in May, according to the National Bureau of Statistics, the latter slowing from April and...
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China's Caixin Manufacturing Sector Surges To A 13-Month Peak, Signaling Economic Revival
Monday, April 1, 2024 - 12:58am | 795Read More...In a significant turn of events, China’s manufacturing sector has shown robust growth, marking a promising sign for the global economy. What Happened: Caixin Global reported on Monday that the Caixin China General Manufacturing Purchasing Managers' Index (PMI) rose to 51.1 in March from 50.9...
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China No Longer World's Factory? New Data Shows 5 Straight Months Of Worry
Thursday, August 31, 2023 - 11:59am | 683Read More...China is facing an economic rout. The world’s second-largest economy suffers from declining exports, weak domestic demand, and a historic real estate crisis. And now China’s manufacturing activity has contracted for a fifth straight month in August, data shows. The trend is keeping...
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China Consumer Inflation Hits 2-Year High: Here's What Mainly Drove It
Wednesday, August 10, 2022 - 12:27am | 320Read More...China’s consumer price index rose to a two-year high of 2.7% in July, while its factory-gate inflation hit a 17-month low, with producers’ price index rising 4.2% year-on-year, according to the National Bureau of Statistics. What Happened: According to the NBS, the uptick...
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China Gears Up To Take On Trump Even As Domestic Economy Slows To 26-Year Low
Friday, January 20, 2017 - 1:09pm | 1122Read More...The hot-and-happening economy is showing cracks. China, the world's second largest economy behind the United States, saw its economic growth decelerate to the slowest pace in over a quarter of a century in 2016 as it strives to transition to a neutral policy. That said, optimists expressed comfort...
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Chinese Yuan Rises to New Record High Against the U.S. Dollar
Monday, December 9, 2013 - 4:40pm | 463Read More...The Chinese yuan, also known as the Renminbi, rose to a record high against the U.S. dollar on Monday. The move came after news that China's exports beat market expectations, inspiring the People's Bank of China (PBOC) to set the yuan at a fresh record high level. Yuan Daily Midpoint On...
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China, Japan Shares Sink On Weak Economic Data
Monday, July 29, 2013 - 10:48am | 390Read More...Stocks in major Asian countries fell overnight on fears of a protracted economic slowdown in China spilling over to the global economy. A weak retail sales report in Japan followed a terrible report from earlier in the weekend from China that indicated that economically-sensitive industrial...
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Benzinga Market Primer: Monday, July 29: Futures Lower On Chinese Fears
Monday, July 29, 2013 - 6:55am | 1115Read More...Futures Lower On Chinese Fears U.S. equity futures traded slightly lower in early pre-market trade after Asian shares on fears of a protracted slowdown in China. Data released over the weekend spooked investors and sent shares lower. Top News In other news around the markets: The National...
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China Foreign Direct Investment Falls for First Year Since 2009, Remains Near Record Level
Wednesday, January 16, 2013 - 10:34am | 430Read More...Foreign Direct Investment (FDI) into China in 2012 slipped 3.7 percent resulting from global weakness emanating from the eurozone. However, the $111.7 billion inflow of capital into China was only slightly lower than 2011's record amount of $116 billion, despite a significant drop from the crisis-...
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Futures Flat After Strong Chinese Data
Friday, November 9, 2012 - 7:18am | 860Read More...U.S. equity futures were flat in pre-market trading for the third straight day despite stronger than expected industrial production data from China, a proxy for growth. The National Bureau of Statistics in China reported that industrial production grew at an annualized rate of 9.6 percent, better...
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How to Profit From Surging Chinese Prices
Thursday, February 9, 2012 - 8:38am | 534Read More...China reported unexpectedly high inflation in January, fueled in part by increased spending during the week long Chinese Lunar New Year. China's National Bureau of Statistics reported that January inflation surged to 4.5%, well above consensus estimates. A 10.5% rise in food prices was the leading...
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China's September CPI Climbs 6.1%
Friday, October 14, 2011 - 4:38am | 45Read More...According to National Bureau of Statistics, China's consumer prices surged 6.1% y/y in September, versus August's 6.2% reading. Economists were expecting a rise of 6.2%, according to data compiled by Dow Jones Newswires. However, according to polls by Reuters and Bloomberg News, economists...
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How to Profit from China's Easing Inflation Rate
Friday, September 9, 2011 - 8:45am | 500Read More...The Chinese government's efforts to cool inflation finally seemed to be paying off when the National Bureau of Statistics reported on Friday that consumer prices in August were up just 6.2% from a year earlier, down from a 6.5% increase in July. Although the lower inflation rate was welcome news,...
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Chinese Premier Wants More Pork: How to Profit
Tuesday, July 12, 2011 - 7:51am | 492Read More...Rising food prices continue to be a source of concern for the Chinese government, which fears that China may experience growing unrest as consumers are faced with rising prices. According to China's National Bureau of Statistics (NBS) the inflation rate for June came in at 6.4%, much higher than...
