A sharp drop in consumer prices last month has added to worries about China’s economy (STR) Shares in Hong Kong and Shanghai sank Monday on a mixed day for Asian markets after data showing Chinese consumer prices slipped back into deflation stoked fresh concerns over the world’s number two economy. The reading compounded uncertainty on…
By Liz Lee and Joe Cash BEIJING (Reuters) -China’s manufacturing activity unexpectedly contracted in January, an official factory survey showed on Monday, its weakest since August, keeping alive calls for stimulus in the world’s second-largest economy. The official purchasing managers’ index (PMI) contracted to 49.1 in January from 50.1 in December, below the 50-mark separating…
BEIJING (Reuters) -China’s industrial profits fell at a slower clip in November, official data showed on Friday, offering some respite to an embattled sector even as persistently soft domestic demand delays a recovery. The world’s second-largest economy has been struggling to mount a strong post-pandemic revival, as business and household appetites for spending and investment…
China is expected to see a surge in travel demand during the upcoming Lunar New Year – a welcome boost for the country that recently added an extra day to the public holiday in a bid to boost demand. Early data from Chinese travel companies shows that consumers are already searching for and booking trips…
Hong Kong Stocks Stage Late Rebound as China Pledges Spark Stimulus Hopes Hong Kong’s Hang Seng Index closed 2.8% higher at 20414.09, reversing morning losses. China’s Politburo pledged to boost domestic demand, and stabilize housing and stock markets. It also said the main annual economic, social development targets will be accomplished, the state-run Xinhua News…