China’s factory activity improved for a second month but remained in contraction, as trade rebounds after the ceasefire in the tariff war with the US while weak domestic demand weighs on the economy. The official manufacturing purchasing managers’ index was 49.7 in June, versus 49.5 in the previous month, slightly exceeding the median estimate in…
I’m Katia Dmitrieva, Asia economics correspondent in Hong Kong. Today we’re looking at how Chinese factories are preparing for a second trade war. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. Manufacturers…
China’s retail sales growth unexpectedly weakened in November, highlighting the urgency for Beijing to further encourage residents to spend. Retail sales rose 3% from a year ago, the National Bureau of Statistics said Monday. That was the slowest pace in three months and significantly undershot forecasts of 5% growth by economists surveyed by Bloomberg. Source…
China’s economy likely maintained momentum last month, with early indicators pointing to further stabilization as a broad package of stimulus measures took effect. Industrial output and retail sales are expected to have grown at the same if not slightly faster pace in November compared to October, according to forecasts by economists in a Bloomberg survey….
China’s economy likely gained momentum last month, with early indicators pointing to a rebound after the government began rolling out stimulus measures in late September. Industrial output and retail sales are expected to have grown at a faster pace in October compared to September, according to forecasts by economists in a Bloomberg survey. The government’s…
Asian stocks may struggle in early trading after Chinese economic measures underwhelmed and the release of anemic inflation data over the weekend. Bitcoin topped $81,000 after President-elect Donald Trump took a clean sweep of the seven US battleground states. Australian shares fell while futures in Tokyo and Hong Kong signal losses after China’s 10 trillion…
Thursday, October 17th, 2024 Markets cooled off today, quickly dropping shortly after the opening bell this morning. In fact, the small-cap Russell 2000, which outshone the major indexes yesterday, fell into negative territory early and stayed there virtually all session. Among the four major indexes, it’s hard to get flatter than this: the Dow was…
China’s economy likely grew at its weakest pace in six quarters, prompting Beijing to roll out a swath of stimulus measures in late September to draw a line under the slowdown. Data on Friday is set to show the economy expanded 4.5% in the third quarter from a year ago, according to economists surveyed by…