Hong Kong stocks dropped from a four-week high after an official report showed that China’s deflationary pressure is lingering, as investors look ahead to a key economic policy meeting. The Hang Seng Index fell 0.6 per cent to 19,753.26 at the noon break. The Hang Seng Tech Index also slipped 0.6 per cent. China’s CSI…
BEIJING (Reuters) -China’s factory activity expanded modestly for a second straight month in November, an official survey showed on Saturday, adding to a string of recent data suggesting a blitz of stimulus is finally trickling through the world’s second-largest economy. The National Bureau of Statistics purchasing managers’ index (PMI) on Saturday rose to 50.3 –…
BEIJING (Reuters) – China’s consumer prices rose more slowly in October, while producer price deflation deepened, even as Beijing doubled down on stimulus policies to prop up its sputtering economy. China unveiled a 10 trillion yuan ($1.4 trillion) package on Friday to ease local government “hidden debt” burdens, rather than directly injecting money into the…
A city in southern China has launched bold initiatives and slogans to encourage marriage and boost birth rates, igniting widespread controversy. In October, Changsha, the capital of Hunan province, unveiled the country’s first “marriage-themed” cultural street. The historic street showcases both Chinese and Western wedding scenes, providing visitors with plenty of photo opportunities. However, what…
(Bloomberg) — China’s deflationary problems became more entrenched in September, with consumer prices still weak and factory gate prices continuing to fall. Most Read from Bloomberg The consumer price index inched up 0.4% from last year, although that was boosted above zero only by a jump in fresh vegetable prices. Core CPI rose 0.1% in…
BEIJING (Reuters) -China’s consumer inflation unexpectedly eased in September, while producer price deflation deepened, heightening pressure on Beijing to roll out more stimulus measures quickly to revive flagging demand and shaky economic activity. Finance Minister Lan Foan told a news conference on Saturday there will be more “counter-cyclical measures” this year, but officials did not…
BEIJING (Reuters) – China’s factory activity in September shrank for a fifth straight month while the services sector slowed sharply, suggesting even more stimulus is needed to hit Beijing’s 2024 growth target with only three months left in the year. The National Bureau of Statistics (NBS) purchasing managers’ index (PMI) released on Monday nudged up…