China's urban-fixed asset investment grew faster than expected at a rate of 28.5% in August from a year earlier, the Wall Street Journal reported, citing the National Bureau of Labor and Statistics. August's growth remains much lower than the soaring 40-50% growth rates seen in 2003 and parts of 2004, suggesting the government won't feel […]
Category: Economics & Trade
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HSBC: China's growth is slowing
A senior economist at HSBC said that China's economic growth had reached its peak rate due to the slowdown in private investments that has followed Beijing's new credit tightening policies, the Malaysia Star reported. In an interview with the paper, Qu Hongbin said that the government was trying to slow down investment in a few […]
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China plans no yuan increases
China currently has no plans to increase the price of the yuan or to let it float freely, Yi Gang, assistant to the governor of the People's Bank of China told state media. Yi Gang said that the current "managed floating regime" that linked the value of the yuan to a basket of the most […]
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Output grows 16%, FDI falls 3%
China's value-added industrial output grew 16% in August from one year earlier marking a negligible shift from a 16.1% rise in July and slightly larger gain than August's expected 15.7% rate of growth, according to the National Bureau of Statistics. Industrial output rose 16.3% in the first eight months of the year driven by both […]
Australia has made a request for sanctions on China to the WTO following China's refusal to allow Australian citrus products into its market, ABC News reported. Australia's federal agricultural minister Peter McGauran said his government had failed to persuade China to open its citrus market through diplomatic channels and was therefore looking to the WTO.