Finance & Economy
China Reports Weaker-than-Expected August Import Data
China's imports unexpectedly dropped 2.4 percent year-on-year to $158.63 billion in August, while exports grew 9.4 percent, thanks to recovering demand in the US and Europe, data from the General Administration of Customs showed on Sep 8th. |
China's non-manufacturing PMI rebounds in August
China's non-manufacturing activity slightly recovered in August as tertiary industry was robust and market outlook remained optimistic, official data suggested on Wednesday. |
Nation Looks to Boost International Use of RMB for Trade
China is strengthening its policy on yuan internationalization by promoting wider use of the currency around the world. |
China to ease financing pressure of companies
The State Council, the country's cabinet, announced Thursday (Aug 14th) a batch of measures to reduce the high financing costs for enterprises. |
China to boost Barter Trade
China is seeking to establish a legalized system of barter trading to help companies reduce inventories and boost profits, an official with the China National Excess Inventory Association has said. |
China Advances Property Tax Reforms
The cooling of China's property market is likely to encourage authorities to speed up property tax reforms, which many believe will play a key role in putting the sector back on track. |
All Regions Report low GDP growth
All China's 31 provincial-level governments reported lower than expected local GDP growth in the first half of 2014, with regions reliant on heavy industry suffering the biggest blow amid economic restructuring and a cut to industrial overcapacity. |
HSBC China Data Shows Continually Improving Economy
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HSBC China's reading of the country's manufacturing purchasing managers' index (PMI) has risen to its highest point since the start of 2013, adding to signs of national economic improvement. |
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