Chinese economy cools in April as Beijing tries to rein in property and credit boom

China’s economy has shown more signs of cooling with key barometers from its manufacturing and services sectors dipping in April. The latest data comes as Beijing attempts to rein in a booming property market and rapid credit growth. Two surveys on Sunday suggested activity in the world’s second largest economy eased back in April. Manufacturing slowed more than expected as demand was hit by government moves to curb risks associated with a run of high borrowing in China…

Chinese governor admits to cooking the books of an entire province for years

Longstanding doubts about the accuracy of China’s economic data just got a big piece of supporting evidence: The governor of an entire province has admitted that local officials cooked the books for years. The embarrassing revelation comes just days before the closely watched release of China’s national economic data for last year…

Stocks rally after U.S. NFP report post solid job gains for second consecutive month

Good news is finally good news. Stocks rallied Friday after the latest employment report showed a second consecutive month of solid jobs gains and a pickup in wages.
The Dow popped more than 150 points. The Nasdaq rose 1% and moved closer to its first new all-time high since July 2015. Investors cheered the solid jobs numbers — even though it increases the chances of an interest rate hike by the Federal Reserve in September…

Global investors forced to dump Asian shares on worries over China’s economy, Fed rate hike

Having dumped Asian shares on resurgent worries about China’s economy, the specter of more aggressive U.S. interest rate rises is now forcing global investors to sell the region’s bonds and currencies. A net $3.2 billion left Asian equity markets, excluding Japan, during the period May 1 to 24, the largest outflow since January, data from HSBC showed…

Bad loans are rising quickly at China’s top banks

Bad loans are rising quickly at China’s top banks. The slowdown in the world’s second largest economy is taking its toll on large commercial banks as more and more businesses and people struggle to repay their debts. Three of China’s giant state-controlled banks reported their 2015 earnings late Wednesday. And all three posted big jumps […]

China’s industrial production grows faster-than-expected in November

BEIJING—China’s industrial production grew at a faster-than-expected pace in November, suggesting that efforts to boost growth in the world’s second-largest economy may be starting to bear fruit. The official figures reported Saturday should help Beijing reach its growth target of about 7% this year. While that would be its slowest pace in a quarter century, many economists had worried that China would have a difficult time even reaching that goal…

China manufacturing PMI dips to 49.6 in November, hits 3-year low

A key measure of China’s manufacturing activity dropped to its weakest level in more than three years in November, underlining weaknesses in the world’s second-largest economy. The official Purchasing Managers’ Index (PMI), which tracks activity in the crucial factories and workshops sector, fell to 49.6, the government statistics bureau said…

China’s consumers projected to spend up to $6.4 trillion a year by 2025

Talk about some deep pockets! China’s consumers are projected to spend more than up to $6.4 trillion a year by 2025, according to a new report. That’s about a 70% increase from the $3.7 trillion that consumers in China spent last year, according to a study by think tank Demand Institute. Overall, consumption is estimated to grow by an average of 5.2% a year over the next decade, as wages rise and the Chinese become more aspirational in their spending, even as overall economic growth slows…

Home prices in China rebound for first time in over a year in October, but outlook remains cloudy

Home prices in China rose for first time in over a year in October on an annual basis, signalling a housing market stabilisation that could help re-energise the listless economy. A swift rebound in property prices, however, is unlikely due to high inventories in all but the biggest cities, forcing developers to slow the pace of or even stop expansion to protect their cash flows…

World economy will pick up in 2016, but not by much. Blame China

The world economy isn’t heading for disaster in 2016, but don’t expect it to surge. Experts say growth will pick up next year, but not by much. For that, blame China.
The world’s second-largest economy is slowing down, and it’s holding everyone else back. A slew of new forecasts out from the OECD, the International Monetary Fund and The Conference Board broadly agree…

China’s consumer-price index rose 1.3% in October due to lower food prices

BEIJING—China’s consumer inflation dipped further last month due to lower food prices, adding to what economists say are signs of slack demand and slowing in the world’s second-largest economy. China’s consumer-price index rose 1.3% in October from a year earlier, according to the government’s statistics bureau. The pace was slower than the 1.6% year-over-year rise in September and a tick down from the median 1.4% gain forecast by 11 economists in a survey by The Wall Street Journal…

China’s export scene worsening as exports fall again for fourth straight month in October

BEIJING—China’s exports fell in October for the fourth consecutive month, as a once-powerful engine of the country’s growth continued to sputter in the face of weak global demand. The world’s appetite for goods from China—the world’s second-largest economy accounts for nearly one-fifth of global factory exports—has been lower than expected this year…

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